Xtrackers Correlations

XS5G Etf

10.82 0.05 0.46%

The current 90-days correlation between Xtrackers SP 500 and Vanguard FTSE Developed is 0.01 (i.e., Significant diversification). The correlation of Xtrackers 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 Correlation With Market

Significant diversification

The correlation between Xtrackers SP 500 and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers SP 500 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Xtrackers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers SP 500 to buy it.

Moving together with Xtrackers Etf

0.66	AAP2	Leverage Shares 2x	Pair Corr
0.85	1AMZ	LS 1x Amazon	Pair Corr
0.66	2GOO	Leverage Shares 2x	Pair Corr
0.62	MTVG	LEGAL GENERAL UCITS	Pair Corr
0.88	JUES	JPMORGAN ETFS ICAV	Pair Corr

Moving against Xtrackers Etf

0.79	2AMD	Leverage Shares 2x	Pair Corr
0.77	AASU	Amundi Index Solutions	Pair Corr
0.69	AASG	Amundi Index Solutions	Pair Corr
0.64	VWCG	Vanguard FTSE Developed	Pair Corr
0.6	AAVC	Albion Venture Capital	Pair Corr

Related Correlations Analysis

	VWCG	AAP2	AASG	AASU	1AMZ	2GOO	2AMD
VWCG		-0.39	0.82	0.94	-0.7	-0.68	0.85	VWCG
AAP2	-0.39		-0.25	-0.43	0.75	0.73	-0.65	AAP2
AASG	0.82	-0.25		0.94	-0.57	-0.48	0.75	AASG
AASU	0.94	-0.43	0.94		-0.72	-0.62	0.86	AASU
1AMZ	-0.7	0.75	-0.57	-0.72		0.89	-0.89	1AMZ
2GOO	-0.68	0.73	-0.48	-0.62	0.89		-0.83	2GOO
2AMD	0.85	-0.65	0.75	0.86	-0.89	-0.83		2AMD
	VWCG	AAP2	AASG	AASU	1AMZ	2GOO	2AMD

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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

AASU	+ 0.94	VWCG
AASU	+ 0.94	AASG
2GOO	+ 0.89	1AMZ
2AMD	+ 0.86	AASU
2AMD	+ 0.85	VWCG
AASG	+ 0.82	VWCG

High negative correlations

2AMD	- 0.89	1AMZ
2AMD	- 0.83	2GOO
1AMZ	- 0.72	AASU
1AMZ	- 0.7	VWCG
2GOO	- 0.68	VWCG
2AMD	- 0.65	AAP2

Xtrackers Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers 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' 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
VWCG	0.61	(0.14)	0.00	1.67	0.00	0.00	0.97	(1.26)	3.79
AAP2	1.55	0.20	0.08	1.83	2.10	(1.55)	2.89	(3.46)	11.63
AASG	0.68	(0.02)	0.00	(0.18)	0.00	0.00	1.56	(1.71)	5.25
AASU	0.78	(0.12)	0.00	(1.37)	0.00	0.00	1.34	(2.21)	4.94
1AMZ	1.25	0.30	0.18	(0.97)	1.21	(1.51)	3.03	(2.02)	8.57
2GOO	2.32	0.54	0.16	(0.51)	2.67	(2.46)	7.41	(3.79)	22.87
2AMD	3.35	(0.68)	0.00	(1.02)	0.00	0.00	6.35	(6.96)	23.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xtrackers without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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