Xtrackers MSCI Correlations

KOKU Etf

USD 102.79 0.34 0.33%

The current 90-days correlation between Xtrackers MSCI Kokusai and Freedom Day Dividend is 0.84 (i.e., Very poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers MSCI Correlation With Market

Very poor diversification

The correlation between Xtrackers MSCI Kokusai and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Kokusai and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI Kokusai. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Xtrackers Etf

0.97	VT	Vanguard Total World	Pair Corr
0.97	ACWI	iShares MSCI ACWI	Pair Corr
0.94	IOO	iShares Global 100	Pair Corr
0.99	URTH	iShares MSCI World	Pair Corr
0.99	CRBN	iShares MSCI ACWI	Pair Corr
0.86	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.96	SPGM	SPDR Portfolio MSCI	Pair Corr
0.83	DSJA	DSJA	Pair Corr
0.77	RSPY	Tuttle Capital Management	Pair Corr
0.77	MEME	Roundhill Investments	Pair Corr
0.91	ITDD	iShares Trust	Pair Corr
0.74	BTC	Grayscale Bitcoin Mini	Pair Corr
0.95	DIVB	iShares Dividend	Pair Corr
0.74	DISO	Tidal Trust II	Pair Corr
0.78	MSTY	YieldMax MSTR Option	Pair Corr
0.9	DIVG	Invesco Exchange Traded	Pair Corr
0.98	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.92	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.89	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.77	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.64	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.92	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.78	WMT	Walmart Aggressive Push	Pair Corr
0.8	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.92	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Xtrackers Etf

0.74	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.5	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.47	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC
MBOX		0.42	0.38	0.38	0.74	0.44	0.82	0.82	0.08	MBOX
DINT	0.42		0.98	0.61	0.63	0.24	0.69	0.8	0.11	DINT
MCHI	0.38	0.98		0.57	0.54	0.22	0.62	0.73	0.12	MCHI
DIVS	0.38	0.61	0.57		0.34	-0.12	0.36	0.62	0.74	DIVS
DIVZ	0.74	0.63	0.54	0.34		0.4	0.96	0.85	-0.22	DIVZ
FM	0.44	0.24	0.22	-0.12	0.4		0.47	0.44	-0.2	FM
PY	0.82	0.69	0.62	0.36	0.96	0.47		0.92	-0.2	PY
VT	0.82	0.8	0.73	0.62	0.85	0.44	0.92		0.15	VT
XC	0.08	0.11	0.12	0.74	-0.22	-0.2	-0.2	0.15		XC
	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC

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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

MCHI	+ 0.98	DINT
PY	+ 0.96	DIVZ
VT	+ 0.92	PY
VT	+ 0.85	DIVZ
PY	+ 0.82	MBOX
VT	+ 0.82	MBOX

High negative correlations

XC	- 0.22	DIVZ
XC	- 0.2	PY
XC	- 0.2	FM
FM	- 0.12	DIVS

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
MBOX	0.61	(0.04)	(0.07)	0.08	0.61	(0.73)	1.51	(1.29)	3.59
DINT	1.25	0.12	0.03	0.35	1.70	(1.27)	3.13	(2.15)	10.90
MCHI	1.94	0.16	0.02	0.87	2.58	(2.12)	5.40	(3.25)	19.77
DIVS	0.48	(0.05)	(0.17)	0.02	0.57	(0.51)	1.07	(1.10)	2.41
DIVZ	0.47	0.03	(0.03)	0.18	0.23	(0.59)	1.12	(0.68)	2.35
FM	0.15	0.00	(0.57)	0.13	0.18	(0.16)	0.29	(0.32)	0.80
PY	0.56	0.02	0.01	0.14	0.40	(0.67)	1.20	(0.96)	3.91
VT	0.56	(0.03)	(0.08)	0.08	0.65	(0.61)	1.24	(1.03)	3.42
XC	0.70	(0.10)	0.00	(0.08)	0.00	0.00	1.69	(1.25)	4.20

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