Xtrackers MSCI Correlations

DBEF Etf

USD 42.08 0.36 0.86%

The current 90-days correlation between Xtrackers MSCI EAFE and Xtrackers MSCI Europe is 0.85 (i.e., Very poor 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 weak diversification

The correlation between Xtrackers MSCI EAFE and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Xtrackers Etf

0.64	VEU	Vanguard FTSE All	Pair Corr
0.65	IXUS	iShares Core MSCI	Pair Corr
0.65	DFAX	Dimensional World	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.71	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.64	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.63	IBM	International Business Sell-off Trend	Pair Corr

Moving against Xtrackers Etf

0.58	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.44	IAUF	IShares	Pair Corr

Related Correlations Analysis

	DBEU	DBJP	HEFA	HEDJ	DBEM
DBEU		-0.04	0.71	0.72	0.44	DBEU
DBJP	-0.04		0.66	0.06	0.6	DBJP
HEFA	0.71	0.66		0.57	0.76	HEFA
HEDJ	0.72	0.06	0.57		0.6	HEDJ
DBEM	0.44	0.6	0.76	0.6		DBEM
	DBEU	DBJP	HEFA	HEDJ	DBEM

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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

DBEM	+ 0.76	HEFA
HEDJ	+ 0.72	DBEU
HEFA	+ 0.71	DBEU
HEFA	+ 0.66	DBJP
DBEM	+ 0.6	DBJP
DBEM	+ 0.6	HEDJ

High negative correlations

DBJP

- 0.04

DBEU

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
DBEU	0.58	(0.09)	0.00	(0.07)	0.00	0.00	1.10	(1.42)	3.26
DBJP	1.05	(0.06)	(0.04)	0.05	1.53	(1.03)	2.59	(2.35)	7.18
HEFA	0.58	(0.06)	(0.15)	0.00	0.74	(0.61)	1.19	(1.36)	3.24
HEDJ	0.74	(0.03)	0.00	0.40	0.00	0.00	1.52	(1.87)	4.83
DBEM	0.76	0.03	(0.09)	(0.25)	0.99	(0.79)	1.69	(1.85)	5.89

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