DBX ETF Correlations

MIDE Etf

USD 30.40 0.01 0.03%

The correlation of DBX ETF 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.

DBX ETF Correlation With Market

Very weak diversification

The correlation between DBX ETF Trust 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 DBX ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in DBX ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with DBX Etf

0.91	VO	Vanguard Mid Cap	Pair Corr
0.94	VXF	Vanguard Extended Market	Pair Corr
1.0	IJH	iShares Core SP Sell-off Trend	Pair Corr
0.95	IWR	iShares Russell Mid Sell-off Trend	Pair Corr
1.0	MDY	SPDR SP MIDCAP	Pair Corr
0.66	FV	First Trust Dorsey	Pair Corr
1.0	IVOO	Vanguard SP Mid	Pair Corr
0.98	JHMM	John Hancock Multifactor	Pair Corr
0.98	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.97	XMMO	Invesco SP MidCap	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.92	HD	Home Depot	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.72	BAC	Bank of America	Pair Corr

Moving against DBX Etf

0.48

PFE

Pfizer Inc Aggressive Push

Pair Corr

Related Correlations Analysis

	SMLE	SNPE	LOPP	KESG	NUMV
SMLE		0.0	0.0	0.0	0.0	SMLE
SNPE	0.0		0.82	0.0	0.69	SNPE
LOPP	0.0	0.82		0.0	0.77	LOPP
KESG	0.0	0.0	0.0		0.0	KESG
NUMV	0.0	0.69	0.77	0.0		NUMV
	SMLE	SNPE	LOPP	KESG	NUMV

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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

LOPP	+ 0.82	SNPE
NUMV	+ 0.77	LOPP
NUMV	+ 0.69	SNPE
SNPE	+ 0.0	SMLE
LOPP	+ 0.0	SMLE
KESG	+ 0.0	SMLE

High negative correlations

NUMV	- 0.0	KESG
KESG	- 0.0	LOPP
KESG	- 0.0	SNPE
NUMV	- 0.0	SMLE
KESG	- 0.0	SMLE
LOPP	- 0.0	SMLE

DBX ETF Constituents Risk-Adjusted Indicators

There is a big difference between DBX Etf performing well and DBX ETF 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 DBX ETF'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
SMLE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNPE	0.59	(0.01)	(0.01)	(0.01)	0.85	(0.59)	1.32	(1.37)	3.59
LOPP	0.72	(0.10)	0.00	(0.20)	0.00	0.00	1.58	(2.37)	4.66
KESG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NUMV	0.56	(0.05)	0.00	(0.49)	0.00	0.00	1.24	(1.16)	4.35

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