Correlation Between Xtrackers and Bitwise Solana

Can any of the company-specific risk be diversified away by investing in both Xtrackers and Bitwise Solana at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Xtrackers and Bitwise Solana into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Xtrackers II and Bitwise Solana Staking, you can compare the effects of market volatilities on Xtrackers and Bitwise Solana and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Xtrackers with a short position of Bitwise Solana. Check out your portfolio center. Please also check ongoing floating volatility patterns of Xtrackers and Bitwise Solana.

Diversification Opportunities for Xtrackers and Bitwise Solana

0.0

Correlation Coefficient

Xtrackers  Bitwise Solana

Pay attention - limited upside

The 3 months correlation between Xtrackers and Bitwise is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers II and Bitwise Solana Staking in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bitwise Solana Staking and Xtrackers is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Xtrackers II are associated (or correlated) with Bitwise Solana. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitwise Solana Staking has no effect on the direction of Xtrackers i.e., Xtrackers and Bitwise Solana go up and down completely randomly.

Pair Corralation between Xtrackers and Bitwise Solana

If you would invest (100.00) in Bitwise Solana Staking on July 7, 2025 and sell it today you would earn a total of  100.00  from holding Bitwise Solana Staking or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Xtrackers II   vs.  Bitwise Solana Staking

Xtrackers II

Risk-Adjusted Performance

Weakest

Over the last 90 days Xtrackers II has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Xtrackers is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Bitwise Solana Staking

Risk-Adjusted Performance

Good

Over the last 90 days Bitwise Solana Staking has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound primary indicators, Bitwise Solana is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Xtrackers and Bitwise Solana

The main advantage of trading using opposite Xtrackers and Bitwise Solana positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Xtrackers position performs unexpectedly, Bitwise Solana can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitwise Solana will offset losses from the drop in Bitwise Solana's long position.

The idea behind Xtrackers II and Bitwise Solana Staking pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.