DBX ETF Correlations

CRTC Etf

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The current 90-days correlation between DBX ETF Trust and Strategy Shares is -0.03 (i.e., Good diversification). 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

Good diversification

The correlation between DBX ETF Trust and DJI is -0.1 (i.e., Good 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in DBX ETF Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with DBX Pink Sheet

0.94	VTI	Vanguard Total Stock	Pair Corr
0.93	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.91	VTV	Vanguard Value Index	Pair Corr
0.92	VUG	Vanguard Growth Index	Pair Corr
0.94	VO	Vanguard Mid Cap	Pair Corr
0.93	VB	Vanguard Small Cap	Pair Corr
0.9	ITDD	iShares Trust	Pair Corr
0.82	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.92	DIS	Walt Disney	Pair Corr
0.76	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.93	HPQ	HP Inc	Pair Corr
0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.91	BAC	Bank of America Aggressive Push	Pair Corr
0.83	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.87	AA	Alcoa Corp Downward Rally	Pair Corr

Moving against DBX Pink Sheet

0.83	ULE	ProShares Ultra Euro	Pair Corr
0.5	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.46	PMBS	PIMCO Mortgage Backed	Pair Corr
0.53	KO	Coca Cola Aggressive Push	Pair Corr
0.4	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.34	-0.24	-0.39	0.79	0.85	0.88	0.31	0.08	META
MSFT	0.65		-0.11	0.08	-0.79	0.9	0.9	0.71	0.53	-0.02	MSFT
UBER	0.34	-0.11		-0.22	0.49	-0.13	-0.07	0.33	-0.36	0.27	UBER
F	-0.24	0.08	-0.22		0.05	0.03	-0.04	-0.22	0.49	0.6	F
T	-0.39	-0.79	0.49	0.05		-0.79	-0.74	-0.39	-0.54	0.27	T
A	0.79	0.9	-0.13	0.03	-0.79		0.97	0.79	0.64	0.07	A
CRM	0.85	0.9	-0.07	-0.04	-0.74	0.97		0.83	0.53	0.0	CRM
JPM	0.88	0.71	0.33	-0.22	-0.39	0.79	0.83		0.21	0.07	JPM
MRK	0.31	0.53	-0.36	0.49	-0.54	0.64	0.53	0.21		0.33	MRK
XOM	0.08	-0.02	0.27	0.6	0.27	0.07	0.0	0.07	0.33		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.97	A
A	+ 0.9	MSFT
CRM	+ 0.9	MSFT
JPM	+ 0.88	META
CRM	+ 0.85	META
JPM	+ 0.83	CRM

High negative correlations

A	- 0.79	T
T	- 0.79	MSFT
CRM	- 0.74	T
MRK	- 0.54	T
JPM	- 0.39	T
T	- 0.39	META

DBX ETF Competition Risk-Adjusted Indicators

There is a big difference between DBX Pink Sheet performing well and DBX ETF Company 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
META	2.11	(0.02)	0.00	(0.14)	0.00	0.00	2.96	(4.67)	21.50
MSFT	1.38	(0.05)	0.00	(0.17)	0.00	0.00	2.91	(3.34)	13.79
UBER	2.24	0.42	0.12	0.21	2.89	(2.16)	5.40	(4.21)	16.03
F	1.97	0.18	0.06	0.05	2.81	(1.92)	3.19	(3.88)	13.11
T	1.11	0.40	0.20	0.97	2.10	(1.20)	1.97	(1.75)	13.13
A	1.59	(0.35)	0.00	(0.43)	0.00	0.00	2.92	(5.45)	14.45
CRM	1.68	(0.25)	0.00	(0.34)	0.00	0.00	2.82	(4.51)	12.32
JPM	1.54	(0.04)	0.00	(0.27)	0.00	0.00	2.66	(4.15)	11.14
MRK	1.50	(0.29)	0.00	(0.84)	0.00	0.00	2.43	(4.81)	11.58
XOM	1.41	0.09	0.00	(0.02)	0.00	0.00	2.69	(3.21)	10.54

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