DWS Correlations
| SMLE Etf | USD 24.87 0.10 0.40% |
The current 90-days correlation between DWS and DBX ETF Trust is 0.25 (i.e., Modest diversification). The correlation of DWS 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.
DWS Correlation With Market
Average diversification
The correlation between DWS and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DWS and DJI in the same portfolio, assuming nothing else is changed.
DWS |
Moving together with DWS Etf
| 0.84 | VB | Vanguard Small Cap | PairCorr |
| 0.77 | IJR | iShares Core SP | PairCorr |
| 0.81 | IWM | iShares Russell 2000 Aggressive Push | PairCorr |
| 0.81 | VRTIX | Vanguard Russell 2000 | PairCorr |
| 0.81 | VTWO | Vanguard Russell 2000 | PairCorr |
| 0.82 | FNDA | Schwab Fundamental Small | PairCorr |
| 0.77 | SPSM | SPDR Portfolio SP | PairCorr |
| 0.82 | DFAS | Dimensional Small Cap | PairCorr |
| 0.77 | VIOO | Vanguard SP Small | PairCorr |
| 0.8 | PRFZ | Invesco FTSE RAFI | PairCorr |
| 0.89 | DSJA | DSJA | PairCorr |
| 0.93 | RSPY | Tuttle Capital Management | PairCorr |
| 0.94 | MEME | Roundhill Investments | PairCorr |
| 0.65 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.82 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.83 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.83 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.86 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.88 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against DWS Etf
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.79 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.45 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
DWS Constituents Risk-Adjusted Indicators
There is a big difference between DWS Etf performing well and DWS 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 DWS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MIDE | 0.72 | 0.00 | 0.02 | 0.11 | 0.69 | 1.73 | 5.11 | |||
| SNPE | 0.55 | (0.01) | (0.04) | 0.10 | 0.67 | 1.13 | 3.84 | |||
| SEPZ | 0.44 | (0.01) | (0.08) | 0.10 | 0.51 | 0.95 | 2.98 | |||
| XJR | 1.00 | (0.03) | 0.02 | 0.10 | 0.98 | 2.07 | 7.61 | |||
| SIXS | 0.81 | (0.03) | (0.02) | 0.09 | 0.72 | 1.52 | 6.84 |
DWS Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DWS etf to make a market-neutral strategy. Peer analysis of DWS could also be used in its relative valuation, which is a method of valuing DWS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |