Xtrackers FTSE Correlations

DBXY Etf

EUR 25.11 0.15 0.59%

The current 90-days correlation between Xtrackers FTSE and WisdomTree Emerging Markets is 0.34 (i.e., Weak diversification). The correlation of Xtrackers FTSE 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 FTSE Correlation With Market

Very poor diversification

The correlation between Xtrackers FTSE and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers FTSE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Xtrackers FTSE 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 FTSE 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 FTSE - 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 FTSE to buy it.

Moving together with Xtrackers Etf

0.98	VMID	Vanguard Funds Public	Pair Corr
0.88	VZLC	WisdomTree Physical	Pair Corr
0.91	SLVR	Global X Silver	Pair Corr
0.89	G2XJ	VanEck Junior Gold	Pair Corr
0.91	ETLX	LG Gold Mining	Pair Corr
0.91	CD91	Amundi Index Solutions	Pair Corr
0.95	FLXK	Franklin FTSE Korea	Pair Corr
0.94	IQQK	iShares Public	Pair Corr
0.89	UBUD	UBS ETF Public	Pair Corr
0.95	DBX8	Xtrackers MSCI	Pair Corr
0.91	G2X	VanEck Gold Miners	Pair Corr
0.94	CEBG	iShares VII Public	Pair Corr
0.86	IUSQ	iShares MSCI ACWI	Pair Corr
0.9	IS0E	iShares Gold Producers	Pair Corr
0.93	IQQ5	iShares MSCI Turkey	Pair Corr
0.97	CEMR	iShares Edge MSCI	Pair Corr
0.9	CD91	Lyxor NYSE Arca	Pair Corr
0.81	FSPW	Franklin SP World	Pair Corr
0.76	IUS2	iShares SP Banks	Pair Corr
0.92	IRFT	First Trust RBA	Pair Corr
0.92	H410	HSBC MSCI Emerging	Pair Corr
0.83	LGWS	Lyxor Index Fund	Pair Corr
0.91	ETL2	Legal General UCITS	Pair Corr
0.93	VALD	BNP Paribas Easy	Pair Corr
0.76	XPQP	Xtrackers MSCI Phili	Pair Corr
0.96	SXR7	iShares Core MSCI	Pair Corr
0.88	DXSF	Xtrackers Stoxx	Pair Corr
0.9	XDEQ	Xtrackers MSCI World	Pair Corr
0.92	IS3M	iShares Euro Ultrashort	Pair Corr
0.83	EMNJ	iShares IV PLC	Pair Corr
0.96	F701	ComStage Vermgensstrategi	Pair Corr
0.91	UIQI	UBS Fund Solutions	Pair Corr
0.89	IROB	Legal General UCITS	Pair Corr
0.87	6PSK	Invesco FTSE RAFI	Pair Corr
0.96	EMUX	BNP Paribas Easy	Pair Corr
0.62	UBUJ	UBS ETF Public	Pair Corr
0.81	JGNE	JPM Green Social	Pair Corr
0.9	XZEC	Xtrackers MSCI Europe	Pair Corr

Moving against Xtrackers Etf

0.86

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	VMID	DBXY	H410	GQWD	VMID	IQQF	IS3C	ZPRX	JGNE	WTEI
VMID		0.98	0.92	0.87	0.98	0.92	0.71	0.98	0.83	0.87	VMID
DBXY	0.98		0.92	0.84	0.96	0.92	0.7	0.97	0.81	0.89	DBXY
H410	0.92	0.92		0.83	0.92	0.97	0.66	0.92	0.89	0.91	H410
GQWD	0.87	0.84	0.83		0.9	0.79	0.58	0.87	0.71	0.68	GQWD
VMID	0.98	0.96	0.92	0.9		0.89	0.71	0.97	0.84	0.83	VMID
IQQF	0.92	0.92	0.97	0.79	0.89		0.64	0.91	0.87	0.92	IQQF
IS3C	0.71	0.7	0.66	0.58	0.71	0.64		0.76	0.68	0.71	IS3C
ZPRX	0.98	0.97	0.92	0.87	0.97	0.91	0.76		0.82	0.89	ZPRX
JGNE	0.83	0.81	0.89	0.71	0.84	0.87	0.68	0.82		0.85	JGNE
WTEI	0.87	0.89	0.91	0.68	0.83	0.92	0.71	0.89	0.85		WTEI
	VMID	DBXY	H410	GQWD	VMID	IQQF	IS3C	ZPRX	JGNE	WTEI

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Xtrackers FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers FTSE 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 FTSE'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
VMID	0.55	0.09	0.07	0.34	0.58	(0.61)	1.24	(1.16)	3.36
DBXY	0.58	0.10	0.05	25.73	0.61	(0.66)	1.23	(1.31)	3.06
H410	0.68	0.12	0.07	73.63	0.57	(0.84)	1.58	(1.21)	4.25
GQWD	0.47	0.02	(0.06)	0.30	0.53	(0.55)	1.15	(0.97)	2.83
VMID	0.49	0.11	0.08	2.77	0.44	(0.52)	1.28	(1.00)	3.26
IQQF	0.82	0.15	0.13	0.38	0.62	(0.96)	2.00	(1.45)	5.98
IS3C	0.29	0.03	(0.07)	(0.31)	0.35	(0.33)	0.70	(0.71)	2.84
ZPRX	0.55	0.15	0.14	0.55	0.48	(0.60)	1.05	(1.07)	3.31
JGNE	0.09	0.00	(0.41)	0.14	0.01	(0.09)	0.20	(0.21)	0.58
WTEI	0.60	0.10	0.04	4.09	0.74	(0.64)	1.10	(1.42)	3.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xtrackers FTSE 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.

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