Easy ETF Correlations

ETSZ Etf

EUR 19.90 0.25 1.24%

The current 90-days correlation between Easy ETF and iShares STOXX Europe is 0.28 (i.e., Modest diversification). The correlation of Easy ETF 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.

Easy ETF Correlation With Market

Very poor diversification

The correlation between Easy ETF 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 Easy ETF and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Easy ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Easy ETF 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 Easy ETF - 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 Easy ETF to buy it.

Moving together with Easy Etf

0.99	EXSA	iShares STOXX Europe	Pair Corr
0.99	XIEE	db x trackers	Pair Corr
0.99	VWCG	Vanguard Funds Public	Pair Corr
0.99	10AI	Amundi Index Solutions	Pair Corr
0.88	EUN0	iShares Edge MSCI	Pair Corr
0.99	DX2X	Xtrackers Stoxx	Pair Corr
0.96	VLEU	BNP Paribas Easy	Pair Corr
0.98	EUN1	iShares STOXX Europe	Pair Corr
0.87	LM9E	BNP Paribas Easy	Pair Corr
0.9	XDEW	Xtrackers Public	Pair Corr
0.9	ETLX	LG Gold Mining	Pair Corr
0.83	IUS2	iShares SP Banks	Pair Corr
0.99	GQEU	Goldman Sachs Alpha	Pair Corr
0.85	EGV3	MULTI UNITS LUXEMBOURG	Pair Corr
0.92	H410	HSBC MSCI Emerging	Pair Corr
0.9	ETLX	LG Gold Mining	Pair Corr
0.71	XDWS	Xtrackers MSCI World	Pair Corr
0.9	GQWD	Goldman Sachs Alpha	Pair Corr
0.99	EMNE	iShares MSCI EMU	Pair Corr
0.94	DBX8	Xtrackers MSCI	Pair Corr
0.92	WGES	Amundi MSCI World	Pair Corr
0.96	DBX4	Xtrackers MSCI	Pair Corr
0.87	IUS4	iShares III Public	Pair Corr
0.94	LYBK	Lyxor UCITS Stoxx	Pair Corr
0.9	T3MP	JPMorgan ETFs ICAV	Pair Corr
0.92	PRAM	Amundi Prime Emerging	Pair Corr
0.94	VGEK	Vanguard FTSE Developed	Pair Corr
0.81	S0LR	Invesco Solar Energy	Pair Corr
0.93	C006	Lyxor FAZ 100	Pair Corr
0.97	VALD	BNP Paribas Easy	Pair Corr
0.98	EXSD	iShares STOXX Europe	Pair Corr
0.86	XDNY	Xtrackers MSCI Japan	Pair Corr
0.9	VWCE	Vanguard FTSE All	Pair Corr

Moving against Easy Etf

0.89

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

Easy ETF Competition Risk-Adjusted Indicators

There is a big difference between Easy Etf performing well and Easy ETF 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 Easy ETF'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
META	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Easy ETF 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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