Xtrackers MSCI Correlations

DBEZ Etf

USD 45.41 0.47 1.05%

The current 90-days correlation between Xtrackers MSCI Eurozone and Xtrackers MSCI Europe is 0.9 (i.e., Almost no diversification). The correlation of Xtrackers MSCI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers MSCI Correlation With Market

Very weak diversification

The correlation between Xtrackers MSCI Eurozone and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Eurozone and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI Eurozone. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Xtrackers Etf

0.75	VGK	Vanguard FTSE Europe	Pair Corr
0.81	EZU	iShares MSCI Eurozone	Pair Corr
0.74	BBEU	JPMorgan BetaBuilders	Pair Corr
0.75	IEUR	iShares Core MSCI	Pair Corr
0.82	FEZ	SPDR EURO STOXX	Pair Corr
0.74	IEV	iShares Europe ETF	Pair Corr
0.95	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.94	DBEU	Xtrackers MSCI Europe	Pair Corr
0.99	HEZU	iShares Currency Hedged	Pair Corr
0.83	FEP	First Trust Europe	Pair Corr
0.66	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.63	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.75	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Xtrackers Etf

0.48	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.47	BAC	Bank of America Aggressive Push	Pair Corr
0.42	DIS	Walt Disney Sell-off Trend	Pair Corr
0.41	WMT	Walmart Aggressive Push	Pair Corr
0.35	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	DBEU	DBAW	HEZU	EUSC	DBGR
DBEU		0.52	0.92	0.8	0.24	DBEU
DBAW	0.52		0.73	0.78	0.21	DBAW
HEZU	0.92	0.73		0.92	0.26	HEZU
EUSC	0.8	0.78	0.92		0.28	EUSC
DBGR	0.24	0.21	0.26	0.28		DBGR
	DBEU	DBAW	HEZU	EUSC	DBGR

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Xtrackers MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers MSCI ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Xtrackers MSCI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DBEU	0.59	(0.09)	0.00	(0.06)	0.00	0.00	1.10	(1.42)	3.26
DBAW	0.54	(0.03)	(0.14)	0.06	0.65	(0.60)	1.19	(1.42)	3.50
HEZU	0.68	(0.08)	0.00	(0.04)	0.00	0.00	1.22	(1.46)	3.77
EUSC	0.62	(0.07)	(0.15)	(0.01)	0.87	(0.56)	1.47	(1.26)	3.83
DBGR	0.88	0.02	(0.08)	0.43	1.30	(0.91)	2.24	(2.40)	7.63

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