Xtrackers MSCI Correlations

DXS6 Etf

EUR 83.04 0.28 0.34%

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

Poor diversification

The correlation between Xtrackers MSCI and DJI is 0.76 (i.e., 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

0.99	SXR1	iShares Core MSCI	Pair Corr
0.9	EUNJ	iShares III Public	Pair Corr
0.98	UIMD	UBS ETF SICAV	Pair Corr
0.85	ETLX	LG Gold Mining	Pair Corr
0.82	UBUD	UBS ETF Public	Pair Corr
0.85	ETLX	LG Gold Mining	Pair Corr
0.81	G2XJ	VanEck Junior Gold	Pair Corr
0.8	G2XJ	VanEck Junior Gold	Pair Corr
0.79	SLVR	Global X Silver	Pair Corr
0.84	IS0E	iShares Gold Producers	Pair Corr
0.82	G2X	VanEck Gold Miners	Pair Corr
0.62	IUS2	iShares SP Banks	Pair Corr
0.86	M9SD	Market Access NYSE	Pair Corr
0.92	LM9E	BNP Paribas Easy	Pair Corr
0.84	SC0S	Invesco Markets plc	Pair Corr
0.92	EXV4	iShares STOXX Europe	Pair Corr
0.88	E903	Lyxor 1	Pair Corr
0.73	WGES	Amundi MSCI World	Pair Corr
0.85	EUN2	iShares II Public	Pair Corr
0.8	XDEW	Xtrackers Public	Pair Corr
0.69	36BZ	iShares MSCI China	Pair Corr
0.63	10AJ	Amundi Index Solutions	Pair Corr
0.81	UIQK	UBS Fund Solutions	Pair Corr
0.95	GCOR	Franklin Sustainable Euro	Pair Corr
0.8	IQQ7	iShares II Public	Pair Corr
0.86	PEML	PIMCO Emerging Markets	Pair Corr
0.94	D6RD	Deka Future Energy	Pair Corr
0.67	SPYZ	SSgA SPDR ETFs	Pair Corr
0.85	EXI1	iShares SLI UCITS	Pair Corr
0.85	CEBV	iShares GBP Corp	Pair Corr
0.88	SC0T	Invesco Markets plc	Pair Corr
0.83	UIME	UBS ETF SICAV	Pair Corr
0.89	QDVI	iShares IV Public	Pair Corr
0.86	VMID	Vanguard FTSE 250	Pair Corr
0.88	EXV7	iShares STOXX Europe	Pair Corr
0.71	FSPW	Franklin SP World	Pair Corr
0.93	UIM5	UBS Fund Solutions	Pair Corr

Moving against Xtrackers Etf

0.83	SLNC	CoinShares FTX Physical	Pair Corr
0.82	DSOL	WisdomTree Solana EUR	Pair Corr

Related Correlations Analysis

	XGIN	DX2K	XDPU	XMKA	XBAI	XBCD	DXSK	DBX9	XBO1
XGIN		-0.73	0.08	0.61	0.0	0.0	0.76	0.49	0.0	XGIN
DX2K	-0.73		-0.16	-0.87	0.0	0.0	-0.92	-0.77	0.0	DX2K
XDPU	0.08	-0.16		0.31	0.0	0.0	-0.06	0.52	0.0	XDPU
XMKA	0.61	-0.87	0.31		0.0	0.0	0.71	0.89	0.0	XMKA
XBAI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	XBAI
XBCD	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	XBCD
DXSK	0.76	-0.92	-0.06	0.71	0.0	0.0		0.55	0.0	DXSK
DBX9	0.49	-0.77	0.52	0.89	0.0	0.0	0.55		0.0	DBX9
XBO1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		XBO1
	XGIN	DX2K	XDPU	XMKA	XBAI	XBCD	DXSK	DBX9	XBO1

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

DBX9	+ 0.89	XMKA
DXSK	+ 0.76	XGIN
DXSK	+ 0.71	XMKA
XMKA	+ 0.61	XGIN
DBX9	+ 0.55	DXSK
DBX9	+ 0.52	XDPU

High negative correlations

DXSK	- 0.92	DX2K
XMKA	- 0.87	DX2K
DBX9	- 0.77	DX2K
DX2K	- 0.73	XGIN
XDPU	- 0.16	DX2K
DXSK	- 0.06	XDPU

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
XGIN	0.20	0.01	(0.19)	0.82	0.21	(0.22)	0.48	(0.36)	1.31
DX2K	0.48	(0.11)	0.00	1.28	0.00	0.00	0.72	(1.04)	2.44
XDPU	0.53	(0.02)	(0.09)	0.01	0.63	(0.58)	1.25	(1.15)	3.10
XMKA	0.77	0.16	0.07	(1.61)	1.05	(0.82)	2.00	(1.63)	6.43
XBAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XBCD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DXSK	0.69	0.17	0.11	14.64	0.62	(0.74)	1.83	(1.53)	5.73
DBX9	0.64	0.08	0.02	(1.05)	0.66	(0.75)	1.42	(1.12)	3.15
XBO1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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.

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