Matthews Asia Correlations

MINV Etf

USD 39.99 0.19 0.47%

The current 90-days correlation between Matthews Asia Innovators and RockCreek Global Equality is 0.45 (i.e., Very weak diversification). The correlation of Matthews Asia 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.

Matthews Asia Correlation With Market

Very poor diversification

The correlation between Matthews Asia Innovators 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 Matthews Asia Innovators and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Matthews Etf

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

Moving together with Matthews Etf

0.9	BBAX	JPMorgan BetaBuilders	Pair Corr
0.98	AAXJ	iShares MSCI All	Pair Corr
0.9	EPP	iShares MSCI Pacific	Pair Corr
0.98	AIA	iShares Asia 50	Pair Corr
0.98	GMF	SPDR SP Emerging	Pair Corr
0.96	FLAX	Franklin FTSE Asia	Pair Corr
0.9	FPA	First Trust Asia	Pair Corr
0.87	ADIV	SmartETFs Asia Pacific	Pair Corr
0.85	TOAK	Manager Directed Por	Pair Corr
0.76	FB	ProShares Trust ProShares	Pair Corr
0.69	VTI	Vanguard Total Stock	Pair Corr
0.65	SPY	SPDR SP 500	Pair Corr
0.65	IVV	iShares Core SP	Pair Corr
0.9	VB	Vanguard Small Cap	Pair Corr
0.68	TOT	Advisor Managed Port	Pair Corr
0.74	GOCT	FT Cboe Vest	Pair Corr
0.75	DOGG	First Trust Exchange	Pair Corr
0.92	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.75	UCO	ProShares Ultra Bloomberg	Pair Corr
0.88	AHYB	American Century ETF	Pair Corr
0.78	SLV	iShares Silver Trust Buyout Trend	Pair Corr
0.87	HISF	First Trust High	Pair Corr
0.91	ILOW	AB Active ETFs	Pair Corr
0.95	IDUB	ETF Series Solutions	Pair Corr
0.83	FOPC	Advisors Inner	Pair Corr
0.86	ETHO	Amplify Etho Climate	Pair Corr
0.79	IYR	iShares Real Estate Sell-off Trend	Pair Corr
0.94	EAFG	Pacer Funds Trust	Pair Corr
0.88	CNAV	Mohr Company Low Volatility	Pair Corr
0.72	DOO	BRP Inc Symbol Change	Pair Corr
0.91	PID	Invesco International	Pair Corr
0.87	HYP	Golden Eagle Dynamic	Pair Corr
0.89	LALT	Invesco Multi Strategy	Pair Corr
0.93	IRTR	iShares Trust	Pair Corr
0.88	WEEI	Westwood Salient Enhanced	Pair Corr
0.78	UAUG	Innovator Equity Ultra	Pair Corr
0.93	AVDS	Avantis International	Pair Corr

Moving against Matthews Etf

0.85	NFLX	Netflix	Pair Corr
0.75	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	CANC	CVMC	SPBC	FSZ	CSD	KARS	BATT	PSCW	EUDG	RCGE
CANC		0.84	0.2	0.77	0.86	0.76	0.81	0.74	0.8	0.8	CANC
CVMC	0.84		0.23	0.92	0.95	0.84	0.92	0.95	0.95	0.95	CVMC
SPBC	0.2	0.23		0.1	0.17	0.36	0.32	0.38	0.21	0.26	SPBC
FSZ	0.77	0.92	0.1		0.92	0.81	0.91	0.91	0.98	0.98	FSZ
CSD	0.86	0.95	0.17	0.92		0.84	0.94	0.9	0.96	0.94	CSD
KARS	0.76	0.84	0.36	0.81	0.84		0.92	0.8	0.84	0.82	KARS
BATT	0.81	0.92	0.32	0.91	0.94	0.92		0.91	0.95	0.93	BATT
PSCW	0.74	0.95	0.38	0.91	0.9	0.8	0.91		0.95	0.95	PSCW
EUDG	0.8	0.95	0.21	0.98	0.96	0.84	0.95	0.95		0.99	EUDG
RCGE	0.8	0.95	0.26	0.98	0.94	0.82	0.93	0.95	0.99		RCGE
	CANC	CVMC	SPBC	FSZ	CSD	KARS	BATT	PSCW	EUDG	RCGE

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Matthews Asia Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews Asia 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 Matthews Asia'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
CANC	1.08	0.15	0.08	0.53	1.02	(1.12)	2.49	(2.17)	7.91
CVMC	0.63	0.14	0.09	(2.50)	0.57	(0.72)	1.71	(1.27)	3.87
SPBC	0.66	(0.07)	0.00	(0.02)	0.00	0.00	1.20	(1.83)	4.89
FSZ	0.55	0.12	0.13	0.28	0.44	(0.65)	1.32	(1.00)	3.35
CSD	1.21	0.24	0.18	0.22	1.14	(1.33)	2.84	(2.50)	6.73
KARS	1.03	0.02	0.01	0.09	1.17	(1.15)	2.20	(2.14)	5.82
BATT	1.40	0.23	0.10	0.26	2.11	(1.41)	2.86	(3.10)	9.61
PSCW	0.14	0.02	(0.21)	1.49	0.00	(0.17)	0.36	(0.28)	0.91
EUDG	0.60	0.14	0.15	0.25	0.51	(0.68)	1.64	(1.35)	3.32
RCGE	0.47	0.08	0.09	0.19	0.39	(0.51)	1.13	(0.84)	3.14

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