Deka DAXplus Correlations

Etfs . Germany . 
Etf . Deka DAXplus Maximum
EL4X Etf  EUR 59.54  0.10  0.17%   
The current 90-days correlation between Deka DAXplus Maximum and Deka Deutsche Boerse is 0.16 (i.e., Average diversification). The correlation of Deka DAXplus 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.

Deka DAXplus Correlation With Market

Very poor diversification

The correlation between Deka DAXplus Maximum and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deka DAXplus Maximum and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Deka DAXplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deka DAXplus 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 Deka DAXplus - 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 Deka DAXplus Maximum to buy it.

Moving together with Deka Etf

  0.83EXS1 iShares Core DAXPairCorr
  0.74EL4F Deka DAX UCITSPairCorr
  0.82CG1G AMUNDI ETF DAXPairCorr
  0.86C006 Lyxor FAZ 100PairCorr
  0.83C003 Lyxor DivDAX UCITSPairCorr
  0.88VGER Vanguard Funds PublicPairCorr
  0.94ELF0 Deka DAX exPairCorr
  0.94E903 Lyxor 1PairCorr
  0.96FTGG First Trust GlobalPairCorr
  0.83LYBK Lyxor UCITS StoxxPairCorr
  0.84EXX1 iShares EURO STOXXPairCorr
  0.81EXX1 iShares EURO STOXXPairCorr
  0.81S7XE Invesco EURO STOXXPairCorr
  0.87EXV1 iShares STOXX EuropePairCorr
  0.86SC0U Invesco Markets plcPairCorr
  0.92AMEE Amundi ETF MSCIPairCorr
  0.82ETLX LG Gold MiningPairCorr
  0.79UBUD UBS ETF PublicPairCorr
  0.82ETLX LG Gold MiningPairCorr
  0.94LM9E BNP Paribas EasyPairCorr
  0.88IUS2 iShares SP BanksPairCorr
  0.81WGES Amundi MSCI WorldPairCorr
  0.94ETSZ Easy ETFPairCorr
  0.93T3MP JPMorgan ETFs ICAVPairCorr
  0.87S0LR Invesco Solar EnergyPairCorr
  0.88EGV3 MULTI UNITS LUXEMBOURGPairCorr
  0.68SPYC SSgA SPDR ETFsPairCorr
  0.91DBX8 Xtrackers MSCIPairCorr
  0.9DBX4 Xtrackers MSCIPairCorr
  0.97VALD BNP Paribas EasyPairCorr
  0.8SPYY SSgA SPDR ETFsPairCorr
  0.95DX2X Xtrackers StoxxPairCorr
  0.95EMNE iShares MSCI EMUPairCorr
  0.93VGEK Vanguard FTSE DevelopedPairCorr

Related Correlations Analysis


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

EL4R
+ 0.98
EL4U
EL4S
+ 0.94
EFQ8
EL4R
+ 0.93
EL4T
EFQ8
+ 0.89
EL4T
EL4W
+ 0.88
EL4S
EL4U
+ 0.87
EL4T
  

High negative correlations

EL4V
- 0.51
ELF1
EL4W
- 0.38
EL4V
EL4V
- 0.23
ELFW
EL4U
- 0.03
ELF1

Deka DAXplus Constituents Risk-Adjusted Indicators

There is a big difference between Deka Etf performing well and Deka DAXplus 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 Deka DAXplus' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deka DAXplus 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.

Did you try this?

Run Portfolio Holdings Now

   

Portfolio Holdings

Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY