Xtrackers MSCI Correlations

EASG Etf

USD 35.49 0.01 0.03%

The current 90-days correlation between Xtrackers MSCI EAFE and FlexShares ESG Climate is 0.54 (i.e., Very weak 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.

Xtrackers MSCI Correlation With Market

Average diversification

The correlation between Xtrackers MSCI EAFE and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xtrackers Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Xtrackers Etf

0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.98	IEFA	iShares Core MSCI	Pair Corr
0.93	VEU	Vanguard FTSE All	Pair Corr
0.97	EFA	iShares MSCI EAFE	Pair Corr
0.94	IXUS	iShares Core MSCI	Pair Corr
0.94	SPDW	SPDR SP World	Pair Corr
0.96	IDEV	iShares Core MSCI	Pair Corr
0.98	ESGD	iShares ESG Aware	Pair Corr
0.96	JIRE	JP Morgan Exchange	Pair Corr
0.89	DFAX	Dimensional World	Pair Corr
0.61	DRAI	Draco Evolution AI	Pair Corr

Moving against Xtrackers Etf

0.4	T	ATT Inc	Pair Corr
0.38	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	FEDM	GSJY	QLVD	BLCV	OAEM	QARP	KTEC	SAGP	FSYD	TRND
FEDM		0.56	0.45	0.6	0.65	0.53	-0.09	0.48	0.45	0.71	FEDM
GSJY	0.56		0.48	0.77	0.72	0.68	-0.31	0.26	0.47	0.78	GSJY
QLVD	0.45	0.48		0.63	0.14	0.3	-0.04	0.4	0.5	0.4	QLVD
BLCV	0.6	0.77	0.63		0.53	0.75	-0.4	0.35	0.68	0.81	BLCV
OAEM	0.65	0.72	0.14	0.53		0.62	0.04	0.52	0.5	0.87	OAEM
QARP	0.53	0.68	0.3	0.75	0.62		-0.39	0.23	0.49	0.75	QARP
KTEC	-0.09	-0.31	-0.04	-0.4	0.04	-0.39		0.61	0.18	-0.09	KTEC
SAGP	0.48	0.26	0.4	0.35	0.52	0.23	0.61		0.67	0.61	SAGP
FSYD	0.45	0.47	0.5	0.68	0.5	0.49	0.18	0.67		0.74	FSYD
TRND	0.71	0.78	0.4	0.81	0.87	0.75	-0.09	0.61	0.74		TRND
	FEDM	GSJY	QLVD	BLCV	OAEM	QARP	KTEC	SAGP	FSYD	TRND

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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

TRND	+ 0.87	OAEM
TRND	+ 0.81	BLCV
TRND	+ 0.78	GSJY
BLCV	+ 0.77	GSJY
QARP	+ 0.75	BLCV
TRND	+ 0.75	QARP

High negative correlations

KTEC	- 0.4	BLCV
KTEC	- 0.39	QARP
KTEC	- 0.31	GSJY
TRND	- 0.09	KTEC
KTEC	- 0.09	FEDM
KTEC	- 0.04	QLVD

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
FEDM	0.78	0.03	(0.02)	0.23	0.98	(0.80)	1.88	(1.67)	5.38
GSJY	0.71	0.03	(0.02)	0.21	1.06	(0.73)	1.71	(1.44)	5.95
QLVD	0.43	(0.01)	(0.14)	(0.38)	0.50	(0.50)	0.90	(0.87)	2.69
BLCV	0.55	0.05	(0.01)	0.58	0.58	(0.62)	1.17	(0.93)	3.15
OAEM	0.74	0.08	0.01	7.78	0.99	(0.72)	1.61	(1.41)	4.63
QARP	0.46	0.01	0.00	0.08	0.56	(0.48)	1.12	(0.95)	3.18
KTEC	1.35	(0.06)	0.00	(0.44)	0.00	0.00	2.80	(2.44)	9.69
SAGP	0.63	0.01	(0.07)	(0.29)	0.82	(0.64)	1.18	(1.30)	4.02
FSYD	0.19	0.01	(0.21)	0.95	0.19	(0.22)	0.46	(0.38)	1.09
TRND	0.48	0.05	(0.02)	1.12	0.68	(0.47)	1.03	(1.08)	3.13

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