Xtrackers MSCI Correlations

EASG Etf

USD 30.73 0.44 1.45%

The current 90-days correlation between Xtrackers MSCI EAFE and iShares ESG Aggregate is 0.24 (i.e., Modest 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 weak diversification

The correlation between Xtrackers MSCI EAFE and DJI is 0.41 (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 EAFE 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 EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Xtrackers Etf

0.98	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.86	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
0.86	IXUS	iShares Core MSCI	Pair Corr
0.98	SPDW	SPDR SP World	Pair Corr
0.98	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.85	DFAX	Dimensional World	Pair Corr
0.73	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.92	KO	Coca Cola Aggressive Push	Pair Corr
0.63	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Xtrackers Etf

0.86	RSPY	Tuttle Capital Management	Pair Corr
0.86	MEME	Roundhill Investments	Pair Corr
0.81	DSJA	DSJA	Pair Corr
0.77	EOS	Eaton Vance Enhanced	Pair Corr
0.7	ETH	Grayscale Ethereum Mini	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.73	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.47	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.32	HD	Home Depot	Pair Corr

Related Correlations Analysis

	EAGG	EEMX	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF
EAGG		-0.11	0.0	-0.2	-0.31	0.49	0.49	-0.53	-0.08	-0.49	EAGG
EEMX	-0.11		0.0	0.41	0.81	0.23	0.33	-0.4	0.53	-0.33	EEMX
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	-0.2	0.41	0.0		0.69	0.56	-0.38	0.3	0.77	0.38	LBHIX
MSTSX	-0.31	0.81	0.0	0.69		0.27	-0.07	-0.01	0.86	0.07	MSTSX
ABHYX	0.49	0.23	0.0	0.56	0.27		-0.14	-0.08	0.44	0.14	ABHYX
SCAXF	0.49	0.33	0.0	-0.38	-0.07	-0.14		-0.83	-0.23	-1.0	SCAXF
VIASP	-0.53	-0.4	0.0	0.3	-0.01	-0.08	-0.83		0.16	0.83	VIASP
RRTLX	-0.08	0.53	0.0	0.77	0.86	0.44	-0.23	0.16		0.23	RRTLX
OSHDF	-0.49	-0.33	0.0	0.38	0.07	0.14	-1.0	0.83	0.23		OSHDF
	EAGG	EEMX	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF

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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

RRTLX	+ 0.86	MSTSX
OSHDF	+ 0.83	VIASP
MSTSX	+ 0.81	EEMX
RRTLX	+ 0.77	LBHIX
MSTSX	+ 0.69	LBHIX
ABHYX	+ 0.56	LBHIX

High negative correlations

OSHDF	- 1.0	SCAXF
VIASP	- 0.83	SCAXF
VIASP	- 0.53	EAGG
OSHDF	- 0.49	EAGG
VIASP	- 0.4	EEMX
SCAXF	- 0.38	LBHIX

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
EAGG	0.23	(0.01)	0.00	0.29	0.00	0.00	0.47	(0.57)	1.32
EEMX	0.86	(0.04)	(0.10)	0.02	1.12	(0.90)	2.01	(2.08)	6.65
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	20.25	0.00	(19.11)	0.00	0.00	0.00	0.00	1,329

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