Xtrackers MSCI Correlations

XSTC Etf

8,870 94.50 1.08%

The current 90-days correlation between Xtrackers MSCI USA and Vanguard FTSE Developed is 0.18 (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

Modest diversification

The correlation between Xtrackers MSCI USA and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI USA 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 USA to buy it.

Moving together with Xtrackers Etf

0.86	3PLT	Leverage Shares 3x	Pair Corr
0.81	3CON	Leverage Shares 3x	Pair Corr
0.83	3ARE	Leverage Shares 3x	Pair Corr
0.83	SGBP	WisdomTree Short GBP	Pair Corr
0.93	NVD3	Leverage Shares 3x	Pair Corr
0.91	QQQ5	Leverage Shares 5x	Pair Corr
0.92	FINX	Global X FinTech	Pair Corr

Moving against Xtrackers Etf

0.46

3LNG

WisdomTree Natural Gas

Pair Corr

Related Correlations Analysis

	VWCG	AAP2	AASG	AASU	AAVC	1AMZ	2GOO	2AMD
VWCG		0.07	-0.03	0.38	0.26	-0.73	-0.65	0.66	VWCG
AAP2	0.07		0.4	0.34	-0.29	0.03	0.14	0.27	AAP2
AASG	-0.03	0.4		0.9	-0.38	0.29	0.43	0.55	AASG
AASU	0.38	0.34	0.9		-0.25	0.0	0.15	0.77	AASU
AAVC	0.26	-0.29	-0.38	-0.25		-0.5	-0.36	-0.03	AAVC
1AMZ	-0.73	0.03	0.29	0.0	-0.5		0.83	-0.37	1AMZ
2GOO	-0.65	0.14	0.43	0.15	-0.36	0.83		-0.19	2GOO
2AMD	0.66	0.27	0.55	0.77	-0.03	-0.37	-0.19		2AMD
	VWCG	AAP2	AASG	AASU	AAVC	1AMZ	2GOO	2AMD

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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

AASU	+ 0.9	AASG
2GOO	+ 0.83	1AMZ
2AMD	+ 0.77	AASU
2AMD	+ 0.66	VWCG
2AMD	+ 0.55	AASG
2GOO	+ 0.43	AASG

High negative correlations

1AMZ	- 0.73	VWCG
2GOO	- 0.65	VWCG
1AMZ	- 0.5	AAVC
AAVC	- 0.38	AASG
2AMD	- 0.37	1AMZ
2GOO	- 0.36	AAVC

Xtrackers MSCI Constituents 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
VWCG	0.67	(0.12)	0.00	(3.15)	0.00	0.00	1.21	(1.26)	4.06
AAP2	1.91	(0.07)	(0.03)	0.03	2.72	(1.83)	3.47	(4.59)	12.80
AASG	0.78	0.03	(0.07)	0.63	0.96	(0.80)	1.67	(1.30)	5.81
AASU	0.88	(0.02)	0.00	(0.32)	0.00	0.00	2.30	(2.19)	6.06
AAVC	0.14	(0.09)	0.00	(2.54)	0.00	0.00	0.00	0.00	0.95
1AMZ	1.38	0.22	0.09	0.84	1.28	(1.69)	3.35	(2.41)	8.30
2GOO	2.32	0.00	0.00	0.11	3.31	(2.20)	4.51	(5.09)	22.87
2AMD	3.93	(0.46)	0.00	(0.09)	0.00	0.00	6.54	(8.63)	26.76

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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