Matthews International Correlations

MKOR Etf

23.35 0.21 0.89%

The current 90-days correlation between Matthews International and Freedom Day Dividend is 0.35 (i.e., Weak diversification). The correlation of Matthews International 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 International Correlation With Market

Modest diversification

The correlation between Matthews International Funds and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews International Funds 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 Matthews International Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Matthews Etf, please use our How to Invest in Matthews International guide.

Moving together with Matthews Etf

0.96	EWU	iShares MSCI United	Pair Corr
0.99	EWY	iShares MSCI South	Pair Corr
0.9	EWL	iShares MSCI Switzerland	Pair Corr
0.63	EWG	iShares MSCI Germany	Pair Corr
0.96	EWQ	iShares MSCI France	Pair Corr
0.77	EWW	iShares MSCI Mexico	Pair Corr
0.73	BND	Vanguard Total Bond	Pair Corr
0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against Matthews Etf

0.71	VO	Vanguard Mid Cap	Pair Corr
0.69	VB	Vanguard Small Cap	Pair Corr
0.68	VUG	Vanguard Growth Index	Pair Corr
0.67	VTI	Vanguard Total Stock	Pair Corr
0.65	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.65	IVV	iShares Core SP	Pair Corr
0.57	VTV	Vanguard Value Index	Pair Corr
0.54	BBCA	JPMorgan BetaBuilders	Pair Corr
0.5	EWC	iShares MSCI Canada	Pair Corr
0.86	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	WMT	Walmart Aggressive Push	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.72	T	ATT Inc Aggressive Push	Pair Corr
0.7	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.59	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.38	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.37	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	MBOX	DINT	MCHI	DIVS	DIVZ	FM	PY	VT	XC
MBOX		0.44	0.41	0.43	0.71	0.39	0.8	0.82	0.13	MBOX
DINT	0.44		0.98	0.63	0.67	0.2	0.72	0.81	0.1	DINT
MCHI	0.41	0.98		0.58	0.58	0.2	0.65	0.75	0.11	MCHI
DIVS	0.43	0.63	0.58		0.4	-0.14	0.41	0.64	0.71	DIVS
DIVZ	0.71	0.67	0.58	0.4		0.31	0.96	0.85	-0.2	DIVZ
FM	0.39	0.2	0.2	-0.14	0.31		0.4	0.4	-0.17	FM
PY	0.8	0.72	0.65	0.41	0.96	0.4		0.92	-0.17	PY
VT	0.82	0.81	0.75	0.64	0.85	0.4	0.92		0.16	VT
XC	0.13	0.1	0.11	0.71	-0.2	-0.17	-0.17	0.16		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
VT	+ 0.82	MBOX
VT	+ 0.81	DINT

High negative correlations

XC	- 0.2	DIVZ
XC	- 0.17	PY
XC	- 0.17	FM
FM	- 0.14	DIVS

Matthews International Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews International 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 International'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)	0.05	0.63	(0.72)	1.51	(1.29)	3.59
DINT	1.24	0.13	0.05	0.34	1.69	(1.27)	3.13	(2.15)	10.90
MCHI	1.92	0.18	0.04	0.72	2.55	(2.12)	5.40	(3.25)	19.77
DIVS	0.47	(0.05)	(0.17)	0.00	0.57	(0.50)	1.07	(1.10)	2.41
DIVZ	0.47	0.03	(0.01)	0.15	0.25	(0.60)	1.12	(0.68)	2.35
FM	0.15	(0.01)	0.00	0.22	0.00	0.00	0.29	(0.32)	0.80
PY	0.56	0.02	0.03	0.13	0.41	(0.67)	1.20	(0.96)	3.91
VT	0.57	(0.03)	(0.08)	0.05	0.67	(0.62)	1.24	(1.03)	3.42
XC	0.69	(0.12)	0.00	(0.14)	0.00	0.00	1.69	(1.25)	4.20

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