Xtrackers MSCI Correlations

Etfs . Switzerland . 
Etf . Xtrackers MSCI Emerging
XMME Etf  CHF 66.00  0.43  0.65%   
The current 90-days correlation between Xtrackers MSCI Emerging and Xtrackers MSCI EMU is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xtrackers MSCI Correlation With Market

Poor diversification

The correlation between Xtrackers MSCI Emerging and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Xtrackers MSCI 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 MSCI 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 MSCI - 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 MSCI Emerging to buy it.

Moving together with Xtrackers Etf

  0.96IEEM iShares MSCI EMPairCorr
  0.96VFEM Vanguard FTSE EmergingPairCorr
  0.99EMMUSA UBSFund Solutions MSCIPairCorr
  0.95EMMUKD UBSFund Solutions MSCIPairCorr
  0.95LYLEM Lyxor MSCI EmergingPairCorr
  0.96MXFS Invesco MSCI EmergingPairCorr
  0.96SEMA iShares MSCI EMPairCorr
  0.96IEDY iShares V PLCPairCorr
  0.97AUEM Amundi Index SolutionsPairCorr
  0.94IUKP iShares UK PropertyPairCorr
  0.79IPRP iShares European PropertyPairCorr
  0.81IUSP iShares Property YieldPairCorr
  0.87IWDP iShares Developed MarketsPairCorr
  0.88SRFCHA UBS ETF SXIPairCorr
  0.9IASP iShares Asia PropertyPairCorr
  0.95LYHLT Multi Units LuxembourgPairCorr
  0.88GGMUSY UBS ETF plcPairCorr
  0.89ZGLDHE ZKB Gold ETFPairCorr
  0.92ACWIE UBS MSCI ACWIPairCorr
  0.89RGLDS Raiffeisen ETF SolidPairCorr
  0.88CBMDAX Amundi Index SolutionsPairCorr
  0.68IBZL iShares MSCI BrazilPairCorr
  0.95GCVC SPDR Refinitiv GlobalPairCorr
  0.74HYLC iShares Global HighPairCorr
  0.9IMEA iShares Core MSCIPairCorr
  0.91BCCMA UBS Fund SolutionsPairCorr
  0.74MDAXEX iShares MDAX UCITSPairCorr
  0.75SX7EEX iShares EURO STOXXPairCorr
  0.94EURCHA UBSFund Solutions MSCIPairCorr
  0.89GLUG LG Clean WaterPairCorr
  0.92TPXY Amundi Index SolutionsPairCorr
  0.92PSRW Invesco FTSE RAFIPairCorr
  0.91JPNY Amundi Index SolutionsPairCorr

Moving against Xtrackers Etf

  0.45XLKS Invesco TechnologyPairCorr

Related Correlations Analysis


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

XD5D
+ 0.97
XDEQ
XD5D
+ 0.85
XGBU
XDEQ
+ 0.83
XGBU
XZEZ
+ 0.64
XDWL
XDWL
+ 0.5
XAXD
XD5D
+ 0.45
XDWL
  

High negative correlations

XGBU
- 0.49
XUFN
XD5D
- 0.25
XUFN
XDEQ
- 0.23
XUFN
XDGU
- 0.22
XGBU
XDGU
- 0.16
XD5D
XDGU
- 0.11
XDEQ

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xtrackers MSCI 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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