DBX ETF Correlations

USNZ Etf

USD 38.50 0.13 0.34%

The current 90-days correlation between DBX ETF Trust and iShares Dividend and is 0.68 (i.e., Poor diversification). The correlation of DBX ETF 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.

DBX ETF Correlation With Market

Poor diversification

The correlation between DBX ETF Trust and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DBX ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in DBX ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with DBX Etf

0.96	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.96	VIG	Vanguard Dividend Sell-off Trend	Pair Corr
0.97	VV	Vanguard Large Cap	Pair Corr
0.95	RSP	Invesco SP 500	Pair Corr
0.97	IWB	iShares Russell 1000	Pair Corr
0.97	ESGU	iShares ESG Aware	Pair Corr
0.96	DFAC	Dimensional Core Equity	Pair Corr
0.98	SPLG	SPDR Portfolio SP	Pair Corr
0.84	DSJA	DSJA	Pair Corr
0.79	RSPY	Tuttle Capital Management	Pair Corr
0.73	MEME	Roundhill Investments	Pair Corr
0.9	ITDD	iShares Trust	Pair Corr
0.78	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.66	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.88	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.92	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.9	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.69	DIS	Walt Disney Aggressive Push	Pair Corr
0.89	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against DBX Etf

0.67	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.5	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	DIVB	MCSE	MDCP	EV	GK	MJ	PP	METV	DMAT
DIVB		-0.65	0.96	0.5	0.93	-0.64	-0.66	0.93	0.7	DIVB
MCSE	-0.65		-0.58	-0.03	-0.58	0.79	0.79	-0.65	-0.32	MCSE
MDCP	0.96	-0.58		0.5	0.92	-0.65	-0.58	0.94	0.68	MDCP
EV	0.5	-0.03	0.5		0.53	-0.05	-0.39	0.56	0.89	EV
GK	0.93	-0.58	0.92	0.53		-0.57	-0.68	0.94	0.72	GK
MJ	-0.64	0.79	-0.65	-0.05	-0.57		0.58	-0.69	-0.22	MJ
PP	-0.66	0.79	-0.58	-0.39	-0.68	0.58		-0.7	-0.68	PP
METV	0.93	-0.65	0.94	0.56	0.94	-0.69	-0.7		0.74	METV
DMAT	0.7	-0.32	0.68	0.89	0.72	-0.22	-0.68	0.74		DMAT
	DIVB	MCSE	MDCP	EV	GK	MJ	PP	METV	DMAT

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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

MDCP	+ 0.96	DIVB
METV	+ 0.94	MDCP
METV	+ 0.94	GK
GK	+ 0.93	DIVB
METV	+ 0.93	DIVB
GK	+ 0.92	MDCP

High negative correlations

METV	- 0.7	PP
METV	- 0.69	MJ
DMAT	- 0.68	PP
PP	- 0.68	GK
PP	- 0.66	DIVB
MJ	- 0.65	MDCP

DBX ETF Constituents Risk-Adjusted Indicators

There is a big difference between DBX Etf performing well and DBX ETF 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 DBX ETF'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
DIVB	0.53	0.01	(0.03)	0.13	0.32	(0.66)	1.04	(0.81)	3.81
MCSE	0.88	(0.25)	0.00	(0.26)	0.00	0.00	1.44	(2.08)	6.65
MDCP	0.70	(0.01)	(0.02)	0.12	0.71	(0.74)	1.43	(1.13)	3.86
EV	1.38	0.13	0.02	0.69	1.59	(1.43)	3.34	(2.78)	7.99
GK	0.74	0.00	(0.01)	0.13	1.05	(0.75)	1.45	(1.39)	5.61
MJ	1.99	(0.08)	0.00	0.20	0.00	0.00	3.75	(3.32)	25.64
PP	0.75	(0.07)	0.00	(0.52)	0.00	0.00	1.54	(1.76)	6.99
METV	0.90	0.06	0.05	0.19	0.90	(1.07)	1.87	(1.43)	4.53
DMAT	1.95	0.16	0.04	0.38	2.35	(2.04)	4.00	(3.99)	12.73

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