Desjardins Correlations

DRFG Etf

CAD 33.41 0.08 0.24%

The current 90-days correlation between Desjardins RI Global and Desjardins American Equity is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Desjardins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desjardins RI Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Desjardins Correlation With Market

Significant diversification

The correlation between Desjardins RI Global and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Desjardins RI Global and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Desjardins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desjardins 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 Desjardins - 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 Desjardins RI Global to buy it.

Moving together with Desjardins Etf

0.98	XEQT	iShares Core Equity	Pair Corr
0.98	XAW	iShares Core MSCI	Pair Corr
0.96	DXG	Dynamic Active Global	Pair Corr
0.98	VXC	Vanguard FTSE Global	Pair Corr
0.98	XWD	iShares MSCI World	Pair Corr
0.97	NSGE	NBI Sustainable Global	Pair Corr
0.98	VEQT	Vanguard All Equity	Pair Corr
0.68	XMW	iShares MSCI Min	Pair Corr
0.9	CGRA	CI Global Real	Pair Corr
0.79	FBTC	Fidelity Advantage	Pair Corr
0.79	EBIT	Bitcoin ETF CAD	Pair Corr
0.79	BTCQ	3iQ Bitcoin ETF	Pair Corr
0.76	BTCC	Purpose Bitcoin ETF	Pair Corr
0.92	ETC	Evolve Cryptocurrencies	Pair Corr
0.77	BTCY	Purpose Bitcoin Yield	Pair Corr
0.97	BITC	Ninepoint Bitcoin ETF	Pair Corr
0.96	TECH	Evolve FANGMA Index	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.95	0.81	0.84	0.59	0.85	0.51	0.94	-0.18	0.23	META
MSFT	0.95		0.9	0.88	0.56	0.7	0.52	0.95	-0.37	0.04	MSFT
UBER	0.81	0.9		0.92	0.48	0.58	0.73	0.9	-0.42	-0.01	UBER
F	0.84	0.88	0.92		0.58	0.75	0.71	0.91	-0.21	0.28	F
T	0.59	0.56	0.48	0.58		0.67	0.31	0.61	0.24	0.4	T
A	0.85	0.7	0.58	0.75	0.67		0.51	0.78	0.25	0.62	A
CRM	0.51	0.52	0.73	0.71	0.31	0.51		0.58	-0.1	0.18	CRM
JPM	0.94	0.95	0.9	0.91	0.61	0.78	0.58		-0.25	0.23	JPM
MRK	-0.18	-0.37	-0.42	-0.21	0.24	0.25	-0.1	-0.25		0.64	MRK
XOM	0.23	0.04	-0.01	0.28	0.4	0.62	0.18	0.23	0.64		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MSFT	+ 0.95	META
JPM	+ 0.95	MSFT
JPM	+ 0.94	META
F	+ 0.92	UBER
JPM	+ 0.91	F
UBER	+ 0.9	MSFT

High negative correlations

MRK	- 0.42	UBER
MRK	- 0.37	MSFT
MRK	- 0.25	JPM
MRK	- 0.21	F
MRK	- 0.18	META
MRK	- 0.1	CRM

Desjardins Competition Risk-Adjusted Indicators

There is a big difference between Desjardins Etf performing well and Desjardins 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 Desjardins' 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	2.08	0.23	0.10	0.20	2.42	(2.39)	4.23	(4.29)	21.50
MSFT	1.21	0.32	0.20	0.38	1.08	(1.34)	2.40	(2.36)	13.79
UBER	1.98	0.30	0.13	0.28	2.26	(2.23)	5.87	(3.48)	16.18
F	1.72	0.06	0.02	0.13	2.30	(1.75)	2.90	(3.84)	13.07
T	1.17	0.07	0.01	0.28	1.83	(1.14)	2.36	(2.62)	8.83
A	1.76	(0.08)	(0.02)	0.00	2.51	(1.77)	2.76	(4.15)	14.45
CRM	1.60	(0.10)	0.00	(0.02)	0.00	0.00	3.01	(3.64)	13.13
JPM	1.30	0.17	0.08	0.22	2.02	(1.32)	2.75	(2.12)	11.14
MRK	1.54	(0.18)	0.00	(0.19)	0.00	0.00	2.55	(4.58)	10.58
XOM	1.38	(0.16)	0.00	(0.16)	0.00	0.00	2.62	(3.04)	10.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Desjardins 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.

Did you try this?

Run Portfolio Comparator Now

Portfolio Comparator

Compare the composition, asset allocations and performance of any two portfolios in your account

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC