Xtrackers MSCI Correlations

DBX8 Etf

EUR 142.82 2.72 1.94%

The current 90-days correlation between Xtrackers MSCI and Amundi MSCI World is 0.47 (i.e., Very 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.

Xtrackers MSCI Correlation With Market

Very poor diversification

The correlation between Xtrackers MSCI and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Xtrackers MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers MSCI to buy it.

Moving together with Xtrackers Etf

1.0	IQQK	iShares Public	Pair Corr
0.82	VZLC	WisdomTree Physical	Pair Corr
0.89	ETLX	LG Gold Mining	Pair Corr
0.86	UBUD	UBS ETF Public	Pair Corr
0.85	G2XJ	VanEck Junior Gold	Pair Corr
0.89	ETLX	LG Gold Mining	Pair Corr
0.87	SLVR	Global X Silver	Pair Corr
0.87	G2X	VanEck Gold Miners	Pair Corr
0.8	H416	HSBC Plus World	Pair Corr
0.94	ETSZ	Easy ETF	Pair Corr
0.77	3SUE	iShares MSCI World	Pair Corr
0.83	PPFD	iShares Physical Silver	Pair Corr
0.74	EXIA	iShares DAX ESG	Pair Corr
0.98	IS3N	iShares Core MSCI	Pair Corr
0.93	VALU	BNP Paribas Easy	Pair Corr
0.89	AHYE	Amundi Index Solutions	Pair Corr
0.85	SC0Q	Invesco Markets plc	Pair Corr
0.87	AMED	Amundi Index Solutions	Pair Corr
0.87	4MMR	Global X Defence	Pair Corr
0.78	5HEE	Ossiam ESG Low	Pair Corr
0.91	EMNE	iShares MSCI EMU	Pair Corr
0.61	E908	Lyxor 1 TecDAX	Pair Corr
0.96	ZPDM	SPDR SP Materials	Pair Corr
0.92	ETL2	Legal General UCITS	Pair Corr
0.83	S7XE	Invesco EURO STOXX	Pair Corr
0.98	IS3N	iShares Core MSCI	Pair Corr
0.9	DBXE	Xtrackers Euro	Pair Corr
0.98	IBC3	iShares Core MSCI	Pair Corr
0.97	IQQ5	iShares MSCI Turkey	Pair Corr
0.98	IQQE	iShares MSCI EM	Pair Corr
0.89	SMLN	Invesco JPX Nikkei	Pair Corr
0.95	D6AT	Global X Disruptive	Pair Corr

Moving against Xtrackers Etf

0.66	VS0L	VanEck Solana ETN	Pair Corr
0.66	SLNC	CoinShares FTX Physical	Pair Corr
0.77	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	IQQK	EXV4	C006	SC01	FTGU	IS3C	XDWM	WGES
IQQK		0.89	0.83	0.76	0.88	0.71	0.96	0.84	IQQK
EXV4	0.89		0.85	0.82	0.89	0.73	0.92	0.87	EXV4
C006	0.83	0.85		0.85	0.91	0.63	0.86	0.91	C006
SC01	0.76	0.82	0.85		0.86	0.77	0.86	0.77	SC01
FTGU	0.88	0.89	0.91	0.86		0.68	0.94	0.94	FTGU
IS3C	0.71	0.73	0.63	0.77	0.68		0.77	0.59	IS3C
XDWM	0.96	0.92	0.86	0.86	0.94	0.77		0.89	XDWM
WGES	0.84	0.87	0.91	0.77	0.94	0.59	0.89		WGES
	IQQK	EXV4	C006	SC01	FTGU	IS3C	XDWM	WGES

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
IQQK	1.53	0.58	0.39	1.58	0.84	(1.83)	4.02	(2.16)	9.59
EXV4	0.73	0.19	0.13	(1.15)	0.64	(0.84)	1.64	(1.03)	5.63
C006	0.58	0.05	0.01	0.23	0.66	(0.68)	1.36	(1.45)	3.34
SC01	0.75	0.14	0.08	1.89	0.79	(0.76)	1.90	(1.65)	4.33
FTGU	0.56	0.09	0.08	0.27	0.48	(0.63)	1.43	(0.91)	3.49
IS3C	0.29	0.03	(0.07)	(0.31)	0.35	(0.33)	0.70	(0.71)	2.84
XDWM	0.88	0.28	0.20	0.56	0.94	(0.97)	1.72	(1.64)	5.53
WGES	0.60	0.06	0.03	0.21	0.59	(0.66)	1.35	(1.29)	3.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xtrackers MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Backtesting Now

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios

All Next

Launch Module

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

2026 Macroaxis LLC