Xtrackers MSCI Correlations

DBEU Etf

USD 45.32 0.32 0.70%

The current 90-days correlation between Xtrackers MSCI Europe and Xtrackers MSCI Japan is 0.6 (i.e., 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers MSCI Correlation With Market

Good diversification

The correlation between Xtrackers MSCI Europe and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Europe 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 Europe. 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

0.95	VGK	Vanguard FTSE Europe Sell-off Trend	Pair Corr
0.93	EZU	iShares MSCI Eurozone Sell-off Trend	Pair Corr
0.95	BBEU	JPMorgan BetaBuilders	Pair Corr
0.94	IEUR	iShares Core MSCI	Pair Corr
0.95	FEZ	SPDR EURO STOXX Sell-off Trend	Pair Corr
0.94	IEV	iShares Europe ETF	Pair Corr
0.99	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.99	HEZU	iShares Currency Hedged	Pair Corr
0.87	FEP	First Trust Europe	Pair Corr
0.92	IGA	Voya Global Advantage	Pair Corr
0.86	GDXU	MicroSectors Gold Miners	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.78	T	ATT Inc Sell-off Trend	Pair Corr
0.73	IBM	International Business	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.75	KO	Coca Cola	Pair Corr

Moving against Xtrackers Etf

0.6	MAGS	Roundhill Magnificent	Pair Corr
0.52	SEMI	Columbia Seligman	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.45	CAT	Caterpillar	Pair Corr
0.35	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DBJP	HEZU	DBEF	HEDJ	HEFA
DBJP		0.02	0.17	0.01	0.17	DBJP
HEZU	0.02		0.98	1.0	0.98	HEZU
DBEF	0.17	0.98		0.98	1.0	DBEF
HEDJ	0.01	1.0	0.98		0.98	HEDJ
HEFA	0.17	0.98	1.0	0.98		HEFA
	DBJP	HEZU	DBEF	HEDJ	HEFA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DBJP	0.81	0.05	0.07	(0.39)	1.16	(0.74)	1.61	(1.50)	4.54
HEZU	0.61	0.17	0.23	13.30	0.64	(0.67)	1.05	(1.07)	4.34
DBEF	0.57	0.10	0.18	(1.77)	0.60	(0.60)	1.01	(0.87)	3.65
HEDJ	0.65	0.17	0.23	3.80	0.62	(0.70)	1.32	(1.32)	3.62
HEFA	0.54	0.10	0.18	(2.01)	0.61	(0.58)	0.94	(0.94)	3.53

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC