Xtrackers Russell Correlations

Etfs . USA . 
Etf . Xtrackers Russell Multifactor
DEUS Etf  USD 53.96  0.07  0.13%   
The current 90-days correlation between Xtrackers Russell and Xtrackers FTSE Developed is 0.47 (i.e., Very weak diversification). The correlation of Xtrackers Russell 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 Russell Correlation With Market

Modest diversification

The correlation between Xtrackers Russell Multifactor and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers Russell Multifactor 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 Russell Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Xtrackers Etf

  0.96VO Vanguard Mid CapPairCorr
  0.83VXF Vanguard Extended MarketPairCorr
  0.97IJH iShares Core SPPairCorr
  0.96IWR iShares Russell MidPairCorr
  0.97MDY SPDR SP MIDCAPPairCorr
  0.8FV First Trust DorseyPairCorr
  0.97IVOO Vanguard SP MidPairCorr
  0.98JHMM John Hancock MultifactorPairCorr
  0.92BBMC JPMorgan BetaBuilders MidPairCorr
  0.93XMMO Invesco SP MidCapPairCorr
  0.87HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.74VTI Vanguard Total StockPairCorr
  0.65DUKH Ocean Park HighPairCorr
  0.66JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.86CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.74TRV The Travelers Companies Sell-off TrendPairCorr
  0.65PG Procter GamblePairCorr
  0.77HD Home DepotPairCorr
  0.8AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Xtrackers Etf

  0.38BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.31KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

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
+ 0.84
DEEF
DBEZ
+ 0.84
DBAW
JPUS
+ 0.58
JHML
DBEZ
+ 0.56
DEEF
JPUS
+ 0.48
DEEF
JPUS
+ 0.24
DBAW
  
High negative correlations   
JHML
- 0.22
DEEF
DBEZ
- 0.21
JHML
DBAW
- 0.17
JHML
JPUS
- 0.14
DBEZ

Xtrackers Russell Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers Russell 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 Russell'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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