Matthews International Correlations

ASIA Etf

USD 26.66 0.19 0.72%

The current 90-days correlation between Matthews International and Davis Select International is 0.86 (i.e., Very poor diversification). The correlation of Matthews International 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.

Matthews International Correlation With Market

Weak diversification

The correlation between Matthews International Funds and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews International Funds and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Matthews International Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Matthews Etf refer to our How to Trade Matthews Etf guide.

Moving together with Matthews Etf

0.91	AAXJ	iShares MSCI All	Pair Corr
0.81	AIA	iShares Asia 50	Pair Corr
0.97	GMF	SPDR SP Emerging	Pair Corr
0.89	FLAX	Franklin FTSE Asia	Pair Corr
0.68	DVYA	iShares AsiaPacific	Pair Corr
0.62	FPA	First Trust Asia	Pair Corr
0.95	MINV	Matthews Asia Innovators	Pair Corr
0.82	ADIV	SmartETFs Asia Pacific	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.68	INTC	Intel	Pair Corr

Moving against Matthews Etf

0.38	HUM	Humana Inc Sell-off Trend	Pair Corr
0.42	CAT	Caterpillar	Pair Corr
0.35	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	DINT	DIVY	PY	XC	MGMT	VFMV	VFVA	DSMC	DSTX
DINT		0.41	-0.18	-0.43	-0.65	0.74	-0.45	-0.78	0.93	DINT
DIVY	0.41		0.75	0.08	0.29	0.84	0.53	0.04	0.54	DIVY
PY	-0.18	0.75		0.55	0.82	0.36	0.91	0.63	-0.07	PY
XC	-0.43	0.08	0.55		0.77	-0.29	0.67	0.79	-0.46	XC
MGMT	-0.65	0.29	0.82	0.77		-0.2	0.92	0.94	-0.57	MGMT
VFMV	0.74	0.84	0.36	-0.29	-0.2		0.06	-0.46	0.84	VFMV
VFVA	-0.45	0.53	0.91	0.67	0.92	0.06		0.84	-0.3	VFVA
DSMC	-0.78	0.04	0.63	0.79	0.94	-0.46	0.84		-0.73	DSMC
DSTX	0.93	0.54	-0.07	-0.46	-0.57	0.84	-0.3	-0.73		DSTX
	DINT	DIVY	PY	XC	MGMT	VFMV	VFVA	DSMC	DSTX

Click cells to compare fundamentals

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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

DSMC	+ 0.94	MGMT
DSTX	+ 0.93	DINT
VFVA	+ 0.92	MGMT
VFVA	+ 0.91	PY
VFMV	+ 0.84	DIVY
DSTX	+ 0.84	VFMV

High negative correlations

DSMC	- 0.78	DINT
DSTX	- 0.73	DSMC
MGMT	- 0.65	DINT
DSTX	- 0.57	MGMT
DSMC	- 0.46	VFMV
DSTX	- 0.46	XC

Matthews International Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews International 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 Matthews International'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
DINT	0.97	0.11	0.08	0.15	1.25	(1.07)	2.03	(2.08)	8.79
DIVY	0.62	0.03	0.04	0.04	0.69	(0.68)	1.50	(1.25)	3.13
PY	0.67	0.00	0.01	0.00	0.79	(0.72)	1.35	(1.51)	3.12
XC	0.73	(0.03)	0.00	(0.06)	0.00	0.00	1.31	(1.54)	4.61
MGMT	0.82	(0.08)	0.00	(0.08)	0.00	0.00	1.40	(2.01)	5.42
VFMV	0.53	0.06	0.10	0.11	0.54	(0.59)	1.12	(0.98)	3.15
VFVA	0.76	(0.01)	(0.01)	(0.01)	0.96	(0.76)	1.27	(1.83)	3.62
DSMC	0.81	(0.12)	0.00	(0.12)	0.00	0.00	1.65	(1.83)	4.65
DSTX	0.61	0.14	0.18	0.30	0.60	(0.68)	1.36	(1.16)	4.74

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