Xtrackers Correlations

TRSY Etf

USD 30.09 0.01 0.03%

The current 90-days correlation between Xtrackers 0 1 and Simplify Exchange Traded is -0.1 (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

Good diversification

The correlation between Xtrackers 0 1 Year and DJI is -0.09 (i.e., Good 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 manufacturing.

Moving together with Xtrackers Etf

0.82	SHY	iShares 1 3 Sell-off Trend	Pair Corr
0.82	LMBS	First Trust Low	Pair Corr
0.94	SPTS	SPDR Barclays Short	Pair Corr
0.88	AGZ	iShares Agency Bond	Pair Corr
0.94	FTSD	Franklin Liberty Short	Pair Corr
0.89	UTWO	Rbb Fund	Pair Corr
0.95	XTWO	Bondbloxx ETF Trust	Pair Corr
0.89	XTRE	Bondbloxx ETF Trust	Pair Corr
0.89	SLDR	Global X Short	Pair Corr
0.79	CPST	Calamos ETF Trust	Pair Corr
0.69	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.87	BSMS	Invesco BulletShares 2028	Pair Corr
0.79	DFAC	Dimensional Core Equity	Pair Corr
0.82	XB	BondBloxx ETF Trust	Pair Corr
0.8	ICSH	iShares Ultra Short	Pair Corr
0.83	EBND	SPDR Bloomberg Emerging	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.69	WMT	Walmart	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.64	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.79	BAC	Bank of America	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.7	AXP	American Express	Pair Corr
0.7	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against Xtrackers Etf

0.58	KO	Coca Cola	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.52	BA	Boeing	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.38	0.1	0.0	0.61	-0.05	-0.67	0.18	-0.24	-0.2	META
MSFT	0.38		-0.27	-0.19	-0.29	-0.08	-0.43	0.13	-0.17	-0.4	MSFT
UBER	0.1	-0.27		0.8	0.24	0.61	-0.26	0.56	0.3	0.62	UBER
F	0.0	-0.19	0.8		0.14	0.83	-0.34	0.56	0.62	0.6	F
T	0.61	-0.29	0.24	0.14		0.11	-0.37	0.27	0.02	0.12	T
A	-0.05	-0.08	0.61	0.83	0.11		-0.28	0.65	0.68	0.57	A
CRM	-0.67	-0.43	-0.26	-0.34	-0.37	-0.28		-0.4	-0.14	0.09	CRM
JPM	0.18	0.13	0.56	0.56	0.27	0.65	-0.4		0.14	0.61	JPM
MRK	-0.24	-0.17	0.3	0.62	0.02	0.68	-0.14	0.14		0.19	MRK
XOM	-0.2	-0.4	0.62	0.6	0.12	0.57	0.09	0.61	0.19		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

A	+ 0.83	F
F	+ 0.8	UBER
MRK	+ 0.68	A
JPM	+ 0.65	A
XOM	+ 0.62	UBER
MRK	+ 0.62	F

High negative correlations

CRM	- 0.67	META
CRM	- 0.43	MSFT
JPM	- 0.4	CRM
XOM	- 0.4	MSFT
CRM	- 0.37	T
CRM	- 0.34	F

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	1.23	(0.03)	(0.04)	0.00	1.35	(1.41)	2.12	(2.27)	14.28
MSFT	0.74	0.07	0.03	0.27	0.80	(0.78)	1.86	(1.47)	6.50
UBER	1.38	0.10	0.03	0.55	1.67	(1.45)	3.62	(2.30)	8.86
F	1.09	0.06	0.06	0.10	1.22	(1.17)	2.98	(1.83)	5.33
T	0.84	(0.13)	0.00	(1.73)	0.00	0.00	1.75	(2.33)	4.52
A	1.54	0.14	0.11	0.13	1.53	(1.68)	3.82	(2.59)	8.31
CRM	1.35	(0.20)	0.00	(0.15)	0.00	0.00	2.32	(3.30)	8.74
JPM	0.78	0.01	0.01	0.06	1.13	(0.77)	1.69	(1.51)	4.93
MRK	1.29	0.10	0.07	0.15	1.32	(1.40)	2.91	(2.57)	8.08
XOM	0.94	0.02	(0.01)	0.13	1.32	(0.89)	1.77	(2.42)	6.25

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