Xtrackers MSCI Correlations

EASG Etf

USD 30.78 0.35 1.15%

The current 90-days correlation between Xtrackers MSCI EAFE and DBX ETF Trust is -0.2 (i.e., Good 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

Good diversification

The correlation between Xtrackers MSCI EAFE and DJI is -0.01 (i.e., Good 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

0.85	VEA	Vanguard FTSE Developed	Pair Corr
0.97	IEFA	iShares Core MSCI	Pair Corr
0.98	VEU	Vanguard FTSE All	Pair Corr
0.97	EFA	iShares MSCI EAFE	Pair Corr
0.98	IXUS	iShares Core MSCI	Pair Corr
0.97	SPDW	SPDR SP World	Pair Corr
0.97	IDEV	iShares Core MSCI	Pair Corr
0.85	ESGD	iShares ESG Aware	Pair Corr
0.97	JIRE	JP Morgan Exchange	Pair Corr
0.86	DFAX	Dimensional World	Pair Corr
0.77	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.61	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EMSG	NUDM	ESGN	EAGG	EEMX
EMSG		-0.51	-0.1	-0.61	-0.69	EMSG
NUDM	-0.51		-0.3	0.62	0.7	NUDM
ESGN	-0.1	-0.3		-0.11	-0.22	ESGN
EAGG	-0.61	0.62	-0.11		0.55	EAGG
EEMX	-0.69	0.7	-0.22	0.55		EEMX
	EMSG	NUDM	ESGN	EAGG	EEMX

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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

EEMX	+ 0.7	NUDM
EAGG	+ 0.62	NUDM
EEMX	+ 0.55	EAGG

High negative correlations

EEMX	- 0.69	EMSG
EAGG	- 0.61	EMSG
NUDM	- 0.51	EMSG
ESGN	- 0.3	NUDM
EEMX	- 0.22	ESGN
EAGG	- 0.11	ESGN

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
EMSG	0.94	0.14	0.06	2.61	1.06	(0.96)	2.45	(2.00)	6.09
NUDM	0.60	0.01	(0.07)	(0.71)	0.80	(0.62)	1.23	(1.32)	3.67
ESGN	0.73	(0.03)	0.00	0.73	0.00	0.00	1.21	(1.57)	4.54
EAGG	0.24	(0.02)	0.00	(0.13)	0.00	0.00	0.50	(0.52)	1.67
EEMX	0.70	(0.09)	0.00	(0.17)	0.00	0.00	1.38	(1.73)	5.03

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