Xtrackers USD Correlations

HYLB Etf

USD 36.73 0.10 0.27%

The current 90-days correlation between Xtrackers USD High and SPDR Bloomberg Emerging is 0.55 (i.e., Very weak diversification). The correlation of Xtrackers USD 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.

Xtrackers USD Correlation With Market

Very poor diversification

The correlation between Xtrackers USD High and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers USD High and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xtrackers Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Xtrackers USD High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Xtrackers Etf

1.0	HYG	iShares iBoxx High	Pair Corr
1.0	USHY	iShares Broad USD	Pair Corr
1.0	JNK	SPDR Bloomberg High	Pair Corr
1.0	SHYG	iShares 0 5	Pair Corr
1.0	SJNK	SPDR Bloomberg Short	Pair Corr
0.95	ANGL	VanEck Fallen Angel	Pair Corr
0.83	FALN	iShares Fallen Angels	Pair Corr
0.99	HYLS	First Trust Tactical	Pair Corr
0.99	HYDW	Xtrackers Low Beta	Pair Corr
0.92	ARKW	ARK Next Generation	Pair Corr
0.94	WTMF	WisdomTree Managed	Pair Corr
0.95	EWC	iShares MSCI Canada	Pair Corr
0.95	BST	BlackRock Science Tech	Pair Corr
0.74	IRET	iREIT MarketVector	Pair Corr
0.96	QTJL	Innovator Growth Acc	Pair Corr
0.96	AVES	Avantis Emerging Markets	Pair Corr
0.87	NFLX	Netflix	Pair Corr
0.96	IWP	iShares Russell Mid	Pair Corr
0.69	VCIT	Vanguard Intermediate	Pair Corr
0.9	EWZ	iShares MSCI Brazil	Pair Corr
0.95	ROKT	SPDR SP Kensho	Pair Corr
0.96	IBHF	iShares iBonds 2026	Pair Corr
0.86	SPIB	SPDR Barclays Interm	Pair Corr
0.97	JEMA	JPMorgan Emerging Markets	Pair Corr

Moving against Xtrackers Etf

0.78

HUM

Humana Inc

Pair Corr

Related Correlations Analysis

	EBND	USHY	SPIB	SCHR	FNDC
EBND		0.81	0.78	0.33	0.95	EBND
USHY	0.81		0.85	0.15	0.93	USHY
SPIB	0.78	0.85		0.61	0.8	SPIB
SCHR	0.33	0.15	0.61		0.17	SCHR
FNDC	0.95	0.93	0.8	0.17		FNDC
	EBND	USHY	SPIB	SCHR	FNDC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Xtrackers USD Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers USD 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 USD'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
EBND	0.37	0.08	0.08	0.56	0.33	(0.42)	0.91	(0.71)	3.05
USHY	0.34	0.02	(0.02)	0.10	0.55	(0.33)	0.63	(0.82)	4.25
SPIB	0.21	0.02	(0.06)	0.31	0.30	(0.20)	0.43	(0.49)	1.50
SCHR	0.26	0.02	(0.09)	(0.33)	0.27	(0.27)	0.53	(0.49)	1.49
FNDC	0.78	0.14	0.08	0.26	1.14	(0.82)	1.31	(1.14)	7.75

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