Xtrackers MSCI Correlations

Etfs . USA . 
Etf . Xtrackers MSCI Emerging
DBEM Etf  USD 26.21  0.06  0.23%   
The current 90-days correlation between Xtrackers MSCI Emerging and Xtrackers MSCI EAFE is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtrackers MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xtrackers MSCI Correlation With Market

Weak diversification

The correlation between Xtrackers MSCI Emerging and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Emerging 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 Emerging. 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

  0.89VWO Vanguard FTSE EmergingPairCorr
  0.99IEMG iShares Core MSCIPairCorr
  0.77EMC Global X FundsPairCorr
  0.91EEM iShares MSCI EmergingPairCorr
  0.98SPEM SPDR Portfolio EmergingPairCorr
  0.97FNDE Schwab FundamentalPairCorr
  0.92ESGE iShares ESG AwarePairCorr
  0.87SFGRX Seafarer OverseasPairCorr
  0.75DGS WisdomTree EmergingPairCorr
  0.76XSOE WisdomTree EmergingPairCorr
  0.82FXY Invesco CurrencySharesPairCorr
  0.78PMBS PIMCO Mortgage BackedPairCorr
  0.63AMPD Tidal Trust IIPairCorr
  0.86GDXU MicroSectors Gold MinersPairCorr
  0.83KO Coca ColaPairCorr
  0.85T ATT Inc Sell-off TrendPairCorr
  0.79MCD McDonaldsPairCorr
  0.66CSCO Cisco SystemsPairCorr
  0.61DD Dupont De NemoursPairCorr
  0.78VZ Verizon CommunicationsPairCorr
  0.62XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.62MMM 3M CompanyPairCorr
  0.79INTC Intel Sell-off TrendPairCorr

Moving against Xtrackers Etf

  0.6WGMI Valkyrie Bitcoin MinersPairCorr
  0.33HPQ HP IncPairCorr
  0.63MSFT Microsoft Aggressive PushPairCorr
  0.6CAT CaterpillarPairCorr
  0.47DIS Walt DisneyPairCorr
  0.43AXP American ExpressPairCorr

Related Correlations Analysis

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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   
DBAW
+ 0.99
DBEF
HEEM
+ 0.91
DBAW
HEEM
+ 0.86
DBEF
DBJP
+ 0.17
DBAW
DBJP
+ 0.15
DBEF
HEEM
+ 0.14
DBJP
  
High negative correlations   
DBGR
- 0.0
HEEM
DBGR
- 0.0
DBJP
DBGR
- 0.0
DBAW
DBGR
- 0.0
DBEF

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.

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