Xtrackers Emerging Correlations

EMCR Etf  USD 30.77  0.08  0.26%   
The current 90-days correlation between Xtrackers Emerging and Xtrackers MSCI Emerging is 0.92 (i.e., Almost no diversification). The correlation of Xtrackers Emerging 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers Emerging Correlation With Market

Modest diversification

The correlation between Xtrackers Emerging Markets and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Xtrackers Etf

  1.0VWO Vanguard FTSE EmergingPairCorr
  0.98IEMG iShares Core MSCIPairCorr
  0.94EMC Global X FundsPairCorr
  0.98EEM iShares MSCI EmergingPairCorr
  1.0SPEM SPDR Portfolio EmergingPairCorr
  0.98FNDE Schwab FundamentalPairCorr
  0.99ESGE iShares ESG AwarePairCorr
  0.99XSOE WisdomTree EmergingPairCorr
  0.62MPAY Akros Monthly PayoutPairCorr
  0.85DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.68HD Home Depot Sell-off TrendPairCorr
  0.66IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.7GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

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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   
TLTEDBEM
FEMTLTE
FEMDBEM
FEMEELV
EELVTLTE
EELVDBEM
  
High negative correlations   
EMFMTLTE
FEMEMFM
EMFMDBEM
EMFMEELV

Xtrackers Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers Emerging 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 Emerging'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.