Xtrackers MSCI Correlations

XDWL Etf

CHF 92.41 0.91 0.99%

The current 90-days correlation between Xtrackers MSCI World and UBSFund Solutions MSCI is 0.19 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers MSCI Correlation With Market

Significant diversification

The correlation between Xtrackers MSCI World and DJI is 0.09 (i.e., Significant 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

0.68	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.99	VUSA	Vanguard SP 500	Pair Corr
0.84	CSSPX	iShares Core SP	Pair Corr
0.83	IUSA	iShares SP 500	Pair Corr
0.8	GLUX	Amundi Index Solutions	Pair Corr
0.94	ETHW	WisdomTree Ethereum ETC	Pair Corr
0.66	IBTS	iShares Treasury Bond	Pair Corr
0.93	XWTS	Xtrackers MSCI World	Pair Corr
0.76	ERND	iShares Ultrashort Bond	Pair Corr
0.86	ELTC	ETC Group Physical	Pair Corr
0.83	TRS3	SPDR Bloomberg 1	Pair Corr
0.64	LYBNK	Multi Units Luxembourg	Pair Corr
0.93	EBIZ	Global X E	Pair Corr
0.99	VNRT	Vanguard FTSE North	Pair Corr
0.95	VCPA	Vanguard USD Corporate	Pair Corr
0.82	BCHE	Invesco CoinShares Global	Pair Corr
0.93	ETHE	CoinShares Physical	Pair Corr
0.67	LYDAX	MULTI UNITS LUXEMBOURG	Pair Corr
0.64	LOWV	SPDR SP 500	Pair Corr
0.83	USEUWH	UBS ETF plc	Pair Corr
0.85	EUHA	PIMCO Euro Short	Pair Corr
0.87	HYLD	iShares Global High	Pair Corr
0.88	AXRP	21Shares Ripple XRP	Pair Corr
0.95	ROBO	LG ROBO Global	Pair Corr
0.92	VUTY	Vanguard USD Treasury	Pair Corr
0.94	VEMA	Vanguard USD Emerging	Pair Corr
0.9	ETHE-USD	CoinShares Physical	Pair Corr

Moving against Xtrackers Etf

0.71	EIMI	iShares Core MSCI	Pair Corr
0.37	ZETH-GBP	ETHetc Physical	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	UBER

Xtrackers MSCI Competition Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers MSCI 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 Xtrackers MSCI'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
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	6.06

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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