Xtrackers Correlations

TRSY Etf

USD 30.14 0.01 0.03%

The current 90-days correlation between Xtrackers 0 1 and iShares 1 3 Year is -0.07 (i.e., Good 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 0 1 Year and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers 0 1 Year and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xtrackers Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Xtrackers 0 1 Year. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Xtrackers Etf

0.85	SHY	iShares 1 3	Pair Corr
0.91	LMBS	First Trust Low	Pair Corr
0.86	SPTS	SPDR Barclays Short Sell-off Trend	Pair Corr
0.76	AGZ	iShares Agency Bond	Pair Corr
0.91	FTSD	Franklin Liberty Short	Pair Corr
0.82	UTWO	Rbb Fund	Pair Corr
0.85	XTWO	Bondbloxx ETF Trust	Pair Corr
0.76	XTRE	Bondbloxx ETF Trust	Pair Corr
0.89	SLDR	Global X Short	Pair Corr
0.8	GBTC	Grayscale Bitcoin Trust Sell-off Trend	Pair Corr
0.92	USD	ProShares Ultra Semi	Pair Corr
0.88	FNGO	MicroSectors FANG Index	Pair Corr
0.78	BITO	ProShares Bitcoin Sell-off Trend	Pair Corr
0.77	NRGU	Bank of Montreal	Pair Corr
0.91	DFEN	Direxion Daily Aerospace	Pair Corr
0.88	FNGG	Direxion Daily Select	Pair Corr
0.87	CRPT	First Trust SkyBridge	Pair Corr
0.88	BITS	Global X Blockchain	Pair Corr
0.89	BULZ	MicroSectors Solactive	Pair Corr
0.88	KEMQ	KraneShares Emerging	Pair Corr
0.65	KWEB	KraneShares CSI China	Pair Corr
0.85	DFCF	Dimensional ETF Trust	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.81	BA	Boeing	Pair Corr
0.89	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr
0.83	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.66	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.73	AXP	American Express	Pair Corr

Moving against Xtrackers Etf

0.53	TRV	The Travelers Companies	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.31	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.94	0.7	0.73	0.43	0.89	-0.33	0.88	0.22	0.59	META
MSFT	0.94		0.72	0.79	0.37	0.81	-0.36	0.95	0.29	0.6	MSFT
UBER	0.7	0.72		0.84	0.23	0.67	0.16	0.73	0.15	0.47	UBER
F	0.73	0.79	0.84		0.26	0.76	-0.18	0.85	0.46	0.72	F
T	0.43	0.37	0.23	0.26		0.46	-0.18	0.35	0.25	0.16	T
A	0.89	0.81	0.67	0.76	0.46		-0.26	0.81	0.41	0.7	A
CRM	-0.33	-0.36	0.16	-0.18	-0.18	-0.26		-0.32	-0.52	-0.38	CRM
JPM	0.88	0.95	0.73	0.85	0.35	0.81	-0.32		0.4	0.65	JPM
MRK	0.22	0.29	0.15	0.46	0.25	0.41	-0.52	0.4		0.55	MRK
XOM	0.59	0.6	0.47	0.72	0.16	0.7	-0.38	0.65	0.55		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

JPM	+ 0.95	MSFT
MSFT	+ 0.94	META
A	+ 0.89	META
JPM	+ 0.88	META
JPM	+ 0.85	F
F	+ 0.84	UBER

High negative correlations

MRK	- 0.52	CRM
XOM	- 0.38	CRM
CRM	- 0.36	MSFT
CRM	- 0.33	META
JPM	- 0.32	CRM
CRM	- 0.26	A

Xtrackers Competition 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
META	1.30	0.18	0.18	0.29	0.87	(1.56)	3.62	(2.00)	10.48
MSFT	0.71	0.32	0.44	0.66	0.00	(0.88)	2.32	(0.94)	8.85
UBER	1.50	0.03	0.03	0.18	1.57	(1.74)	4.11	(2.54)	11.37
F	1.31	0.01	0.00	0.16	1.49	(1.35)	2.63	(2.33)	7.46
T	0.91	0.03	(0.08)	0.45	1.12	(0.97)	2.03	(2.13)	5.71
A	1.44	(0.11)	0.01	0.09	1.77	(1.50)	2.82	(2.89)	14.01
CRM	1.10	(0.20)	0.00	(0.01)	0.00	0.00	2.13	(2.57)	8.50
JPM	0.79	0.18	0.17	0.34	0.57	(0.91)	1.86	(1.31)	5.90
MRK	1.37	(0.20)	(0.07)	0.00	1.96	(1.27)	2.90	(3.31)	10.58
XOM	1.06	0.04	(0.06)	0.46	1.39	(1.02)	2.14	(2.58)	6.26

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