Xtrackers MSCI Correlations

HDEF Etf

USD 24.95 0.09 0.36%

The current 90-days correlation between Xtrackers MSCI EAFE and DWS is -0.13 (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

Modest diversification

The correlation between Xtrackers MSCI EAFE and DJI is 0.27 (i.e., Modest 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 Risk vs Return Analysis 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 income.

Moving together with Xtrackers Etf

0.99	EFV	iShares MSCI EAFE	Pair Corr
0.97	FNDF	Schwab Fundamental	Pair Corr
0.84	VYMI	Vanguard International	Pair Corr
0.97	IDV	iShares International	Pair Corr
0.91	DFIV	Dimensional International	Pair Corr
0.97	IVLU	iShares Edge MSCI	Pair Corr
0.92	RODM	Hartford Multifactor	Pair Corr
0.96	PXF	Invesco FTSE RAFI	Pair Corr
0.78	PID	Invesco International	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.9	KO	Coca Cola Aggressive Push	Pair Corr
0.73	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Xtrackers Etf

0.84	MEME	Roundhill Investments	Pair Corr
0.82	MSTY	YieldMax MSTR Option	Pair Corr
0.8	RSPY	Tuttle Capital Management	Pair Corr
0.73	DISO	Tidal Trust II	Pair Corr
0.71	DSJA	DSJA	Pair Corr
0.57	DIVG	Invesco Exchange Traded	Pair Corr
0.56	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.53	DIVB	iShares Dividend	Pair Corr
0.86	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.82	BTC	Grayscale Bitcoin Mini	Pair Corr
0.72	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.53	T	ATT Inc Aggressive Push	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.32	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	HDAW	FIDI	EFAS	HYLB	FGD
HDAW		-0.16	-0.29	0.8	0.08	HDAW
FIDI	-0.16		0.91	-0.09	0.83	FIDI
EFAS	-0.29	0.91		-0.3	0.65	EFAS
HYLB	0.8	-0.09	-0.3		0.29	HYLB
FGD	0.08	0.83	0.65	0.29		FGD
	HDAW	FIDI	EFAS	HYLB	FGD

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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

EFAS	+ 0.91	FIDI
FGD	+ 0.83	FIDI
HYLB	+ 0.8	HDAW
FGD	+ 0.65	EFAS
FGD	+ 0.29	HYLB
FGD	+ 0.08	HDAW

High negative correlations

HYLB	- 0.3	EFAS
EFAS	- 0.29	HDAW
FIDI	- 0.16	HDAW
HYLB	- 0.09	FIDI

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
HDAW	0.64	0.10	(0.03)	(6.91)	0.64	(0.69)	1.16	(1.29)	3.93
FIDI	0.62	(0.09)	0.00	(0.15)	0.00	0.00	1.32	(1.59)	3.71
EFAS	0.69	(0.09)	0.00	(0.44)	0.00	0.00	1.26	(1.70)	4.48
HYLB	0.17	0.01	(0.43)	0.16	0.02	(0.19)	0.31	(0.39)	1.00
FGD	0.58	(0.04)	(0.15)	0.02	0.70	(0.63)	1.08	(1.03)	3.71

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