Xtrackers MSCI Correlations

Etfs . Germany . 
Etf . Xtrackers MSCI World
XDEV Etf  EUR 58.12  0.16  0.27%   
The current 90-days correlation between Xtrackers MSCI World and Invesco Global Buyback is -0.02 (i.e., Good 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.

Xtrackers MSCI Correlation With Market

Very poor diversification

The correlation between Xtrackers MSCI World and DJI is 0.87 (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 World and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Xtrackers MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers MSCI World to buy it.

Moving together with Xtrackers Etf

  0.94BBCK Invesco Global BuybackPairCorr
  0.98PSWD Invesco FTSE RAFIPairCorr
  0.92JPGL JPmorgan ETFs IrelandPairCorr
  0.94OPEN iShares VI PublicPairCorr
  0.84LYBK Lyxor UCITS StoxxPairCorr
  0.84LYBK Multi Units LuxembourgPairCorr
  0.83EXX1 iShares EURO STOXXPairCorr
  0.79EXX1 iShares EURO STOXXPairCorr
  0.88ETLX LG Gold MiningPairCorr
  0.83S7XE Invesco EURO STOXXPairCorr
  0.85UBUD UBS ETF PublicPairCorr
  0.88EXV1 iShares STOXX EuropePairCorr
  0.89ETLX LG Gold MiningPairCorr
  0.85SC0U Invesco Markets plcPairCorr
  0.94EUHI PIMCO Euro ShortPairCorr
  0.93EHLT Multi Units LuxembourgPairCorr
  0.96SPYQ SSgA SPDR ETFsPairCorr
  0.91SC01 Invesco Markets plcPairCorr
  0.73X03F db x trackersPairCorr
  0.85MSSE Leverage Shares 1xPairCorr
  0.91E909 Lyxor 1 DAXPairCorr
  0.88VECA Vanguard Funds PublicPairCorr
  0.86IUSQ iShares MSCI ACWIPairCorr
  0.97QDVI iShares IV PublicPairCorr
  0.7936BZ iShares MSCI ChinaPairCorr
  0.86ZPR6 SPDR ICE BofAPairCorr
  0.9EUHI PIMCO ETFs plcPairCorr
  0.79EGV7 MULTI UNITS LUXEMBOURGPairCorr
  0.92DBXY Xtrackers FTSEPairCorr
  0.95SLMA iShares IV PublicPairCorr
  0.96SXRJ iShares VII PublicPairCorr
  0.94UIQI UBS Fund SolutionsPairCorr
  0.7410AL Amundi Index SolutionsPairCorr
  0.95H410 HSBC MSCI EmergingPairCorr
  0.76DBXK Xtrackers II EurozonePairCorr
  0.822B7K iShares MSCI WorldPairCorr
  0.68RQFI Xtrackers Harvest CSI300PairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Xtrackers MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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