DBX ETF Correlations
MIDE Etf | USD 30.56 0.25 0.82% |
The current 90-days correlation between DBX ETF Trust and Vanguard Small Cap Index is 0.98 (i.e., Almost no diversification). The correlation of DBX ETF 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.
DBX ETF Correlation With Market
Poor diversification
The correlation between DBX ETF Trust and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DBX ETF Trust and DJI in the same portfolio, assuming nothing else is changed.
DBX |
Moving together with DBX Etf
0.93 | VO | Vanguard Mid Cap | PairCorr |
0.98 | VXF | Vanguard Extended Market | PairCorr |
1.0 | IJH | iShares Core SP | PairCorr |
0.96 | IWR | iShares Russell Mid | PairCorr |
1.0 | MDY | SPDR SP MIDCAP | PairCorr |
1.0 | IVOO | Vanguard SP Mid | PairCorr |
0.97 | JHMM | John Hancock Multifactor | PairCorr |
0.99 | BBMC | JPMorgan BetaBuilders Mid | PairCorr |
0.87 | REGL | ProShares SP MidCap | PairCorr |
0.88 | NAIL | Direxion Daily Homeb | PairCorr |
0.75 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.65 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.65 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.82 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.77 | CSCO | Cisco Systems | PairCorr |
0.63 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.88 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against DBX Etf
0.44 | BDRY | Breakwave Dry Bulk | PairCorr |
0.37 | WTID | UBS ETRACS | PairCorr |
0.34 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
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DBX ETF Constituents Risk-Adjusted Indicators
There is a big difference between DBX Etf performing well and DBX ETF 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 DBX ETF'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VB | 0.93 | (0.03) | (0.01) | 0.08 | 1.11 | 2.26 | 5.60 | |||
VV | 0.64 | 0.01 | 0.00 | 0.12 | 0.94 | 1.55 | 4.55 | |||
VBK | 0.98 | (0.06) | (0.03) | 0.06 | 1.16 | 2.23 | 5.56 | |||
VBR | 0.91 | (0.01) | 0.01 | 0.10 | 1.06 | 2.00 | 5.83 | |||
VOT | 0.75 | (0.05) | (0.05) | 0.06 | 1.04 | 1.51 | 4.03 |