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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in DBX ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with DBX Etf

0.93	VO	Vanguard Mid Cap	Pair Corr
0.98	VXF	Vanguard Extended Market	Pair Corr
1.0	IJH	iShares Core SP	Pair Corr
0.96	IWR	iShares Russell Mid	Pair Corr
1.0	MDY	SPDR SP MIDCAP	Pair Corr
1.0	IVOO	Vanguard SP Mid	Pair Corr
0.97	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.87	REGL	ProShares SP MidCap	Pair Corr
0.88	NAIL	Direxion Daily Homeb	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.65	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.65	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.82	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.63	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.88	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against DBX Etf

0.44	BDRY	Breakwave Dry Bulk	Pair Corr
0.37	WTID	UBS ETRACS	Pair Corr
0.34	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	VB	VV	VBK	VBR	VOT
VB		0.59	0.95	0.98	0.68	VB
VV	0.59		0.73	0.48	0.88	VV
VBK	0.95	0.73		0.87	0.84	VBK
VBR	0.98	0.48	0.87		0.56	VBR
VOT	0.68	0.88	0.84	0.56		VOT
	VB	VV	VBK	VBR	VOT

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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	(0.96)	2.26	(2.12)	5.60
VV	0.64	0.01	0.00	0.12	0.94	(0.61)	1.55	(1.43)	4.55
VBK	0.98	(0.06)	(0.03)	0.06	1.16	(1.05)	2.23	(2.55)	5.56
VBR	0.91	(0.01)	0.01	0.10	1.06	(0.99)	2.00	(1.85)	5.83
VOT	0.75	(0.05)	(0.05)	0.06	1.04	(0.75)	1.51	(2.26)	4.03

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