Xtrackers Euro Correlations

DXSP Etf

EUR 5.51 0.00 0.00%

The correlation of Xtrackers Euro 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 Euro Correlation With Market

Pay attention - limited upside

The correlation between Xtrackers Euro and DJI is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers Euro and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Xtrackers Etf

0.82	DXSN	Xtrackers ShortDAX	Pair Corr
0.63	DXS3	Xtrackers SP	Pair Corr
0.9	DBPD	Xtrackers ShortDAX	Pair Corr
0.82	LYQL	LYXOR DAILY SHORTDAX	Pair Corr
0.88	DES2	LG DAX Daily	Pair Corr

Moving against Xtrackers Etf

0.95	LYMZ	Lyxor UCITS ETF	Pair Corr
0.92	SC0U	Invesco Markets plc	Pair Corr
0.91	EXV1	iShares STOXX Europe	Pair Corr
0.9	DBPE	Xtrackers LevDAX	Pair Corr
0.89	EXX1	iShares EURO STOXX	Pair Corr
0.87	S7XE	Invesco EURO STOXX	Pair Corr
0.86	LYBK	Lyxor UCITS Stoxx	Pair Corr
0.86	EXX1	iShares EURO STOXX	Pair Corr
0.86	VZLC	WisdomTree Physical	Pair Corr
0.86	ETLX	LG Gold Mining	Pair Corr
0.85	ETLX	LG Gold Mining	Pair Corr
0.83	LYY8	Multi Units Luxembourg	Pair Corr
0.83	UBUD	UBS ETF Public	Pair Corr
0.81	E908	Lyxor 1	Pair Corr
0.73	E908	Lyxor 1 TecDAX	Pair Corr
0.71	JGNE	JPM Green Social	Pair Corr

Related Correlations Analysis

	XGIN	DX2K	XDPU	XMKA	XBAI	XBCD	DXSK	DBX9	XBO1
XGIN		-0.44	0.35	0.38	0.0	0.0	0.42	0.39	0.0	XGIN
DX2K	-0.44		-0.41	-0.84	0.0	0.0	-0.85	-0.78	0.0	DX2K
XDPU	0.35	-0.41		0.45	0.0	0.0	0.16	0.61	0.0	XDPU
XMKA	0.38	-0.84	0.45		0.0	0.0	0.63	0.84	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	0.42	-0.85	0.16	0.63	0.0	0.0		0.49	0.0	DXSK
DBX9	0.39	-0.78	0.61	0.84	0.0	0.0	0.49		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	+ 0.84	XMKA
DXSK	+ 0.63	XMKA
DBX9	+ 0.61	XDPU
DBX9	+ 0.49	DXSK
XMKA	+ 0.45	XDPU
DXSK	+ 0.42	XGIN

High negative correlations

DXSK	- 0.85	DX2K
XMKA	- 0.84	DX2K
DBX9	- 0.78	DX2K
DX2K	- 0.44	XGIN
XDPU	- 0.41	DX2K
XBO1	- 0.0	DBX9

Xtrackers Euro Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers Euro 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 Euro'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)	(0.28)	0.42	0.28	(0.21)	0.48	(0.45)	1.31
DX2K	0.50	(0.07)	0.00	(2.95)	0.00	0.00	1.02	(1.03)	2.79
XDPU	0.60	(0.03)	0.00	(0.36)	0.00	0.00	1.34	(1.41)	3.73
XMKA	0.81	0.12	0.03	(2.08)	1.05	(0.87)	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	0.74	0.13	0.06	21.10	0.77	(0.77)	1.83	(1.53)	5.73
DBX9	0.66	(0.01)	(0.08)	0.05	0.75	(0.75)	1.16	(1.16)	3.38
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 Euro 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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