Xtrackers MSCI Correlations

DBJP Etf

USD 73.93 0.66 0.90%

The current 90-days correlation between Xtrackers MSCI Japan and iShares MSCI South is 0.37 (i.e., Weak 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 Japan and DJI is 0.54 (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 Japan 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 Japan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Xtrackers Etf

0.99	DXJ	WisdomTree Japan Hedged	Pair Corr
1.0	HEWJ	iShares Currency Hedged	Pair Corr
0.81	VTI	Vanguard Total Stock	Pair Corr
0.81	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.81	IVV	iShares Core SP	Pair Corr
0.77	VTV	Vanguard Value Index	Pair Corr
0.8	VUG	Vanguard Growth Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.78	VB	Vanguard Small Cap	Pair Corr
0.8	DIVB	iShares Dividend	Pair Corr
0.68	MSTY	YieldMax MSTR Option	Pair Corr
0.67	DIVG	Invesco Exchange Traded	Pair Corr
0.61	BTC	Grayscale Bitcoin Mini	Pair Corr
0.81	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.8	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.79	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Xtrackers Etf

0.74	BND	Vanguard Total Bond	Pair Corr
0.38	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.36	SCJ	iShares MSCI Japan	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	EWY	EWH	EWT	EWG	EWA
EWY		-0.09	-0.02	0.66	0.41	EWY
EWH	-0.09		0.59	0.54	0.52	EWH
EWT	-0.02	0.59		0.46	0.36	EWT
EWG	0.66	0.54	0.46		0.71	EWG
EWA	0.41	0.52	0.36	0.71		EWA
	EWY	EWH	EWT	EWG	EWA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EWA	+ 0.71	EWG
EWG	+ 0.66	EWY
EWT	+ 0.59	EWH
EWG	+ 0.54	EWH
EWA	+ 0.52	EWH
EWG	+ 0.46	EWT

High negative correlations

EWH	- 0.09	EWY
EWT	- 0.02	EWY

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
EWY	1.15	(0.24)	0.00	(0.31)	0.00	0.00	2.27	(2.86)	9.46
EWH	1.39	0.07	0.00	0.29	1.98	(1.41)	3.15	(2.67)	12.79
EWT	1.08	(0.04)	(0.06)	0.06	1.34	(1.10)	2.70	(2.20)	6.85
EWG	0.78	(0.07)	0.00	(0.08)	0.00	0.00	1.57	(1.74)	5.29
EWA	0.78	(0.01)	(0.07)	0.10	0.81	(0.89)	2.00	(1.64)	4.96

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC