Matthews International Correlations

INDE Etf

30.59 0.07 0.23%

The current 90-days correlation between Matthews International and Freedom Day Dividend is 0.3 (i.e., Weak diversification). The correlation of Matthews International 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.

Matthews International Correlation With Market

Weak diversification

The correlation between Matthews International Funds and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matthews International Funds and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Matthews International Funds. 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.

For information on how to trade Matthews Etf refer to our How to Trade Matthews Etf guide.

Moving together with Matthews Etf

0.99	INDA	iShares MSCI India	Pair Corr
0.98	EPI	WisdomTree India Earnings	Pair Corr
0.94	INDSX	Financial Investors Trust	Pair Corr
0.95	SMIN	iShares MSCI India	Pair Corr
0.99	PIN	Invesco India ETF	Pair Corr
0.99	FLIN	Franklin FTSE India	Pair Corr
0.96	GLIN	VanEck India Growth	Pair Corr
0.98	NFTY	First Trust India	Pair Corr
0.91	INDF	Exchange Traded Concepts	Pair Corr
0.91	BND	Vanguard Total Bond	Pair Corr
0.88	VEA	Vanguard FTSE Developed	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.94	KO	Coca Cola Sell-off Trend	Pair Corr
0.77	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against Matthews Etf

0.85	IXSE	IXSE	Pair Corr
0.72	VUG	Vanguard Growth Index	Pair Corr
0.69	VO	Vanguard Mid Cap	Pair Corr
0.68	VTI	Vanguard Total Stock	Pair Corr
0.68	VB	Vanguard Small Cap	Pair Corr
0.67	IVV	iShares Core SP	Pair Corr
0.66	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.54	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	WMT	Walmart Aggressive Push	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.55	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.48	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.37	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI
MBOX		0.27	0.3	-0.56	0.64	0.81	0.06	0.81	-0.31	MBOX
DIEM	0.27		0.9	-0.34	0.03	0.37	0.48	0.2	0.31	DIEM
MCHI	0.3	0.9		-0.56	0.29	0.54	0.09	0.4	-0.06	MCHI
DIPS	-0.56	-0.34	-0.56		-0.76	-0.86	0.39	-0.8	0.68	DIPS
DISO	0.64	0.03	0.29	-0.76		0.81	-0.57	0.87	-0.79	DISO
DIVB	0.81	0.37	0.54	-0.86	0.81		-0.21	0.96	-0.62	DIVB
DIVD	0.06	0.48	0.09	0.39	-0.57	-0.21		-0.29	0.86	DIVD
DIVG	0.81	0.2	0.4	-0.8	0.87	0.96	-0.29		-0.69	DIVG
DIVI	-0.31	0.31	-0.06	0.68	-0.79	-0.62	0.86	-0.69		DIVI
	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI

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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

DIVG	+ 0.96	DIVB
MCHI	+ 0.9	DIEM
DIVG	+ 0.87	DISO
DIVI	+ 0.86	DIVD
DIVB	+ 0.81	MBOX
DIVG	+ 0.81	MBOX

High negative correlations

DIVB	- 0.86	DIPS
DIVG	- 0.8	DIPS
DIVI	- 0.79	DISO
DISO	- 0.76	DIPS
DIVI	- 0.69	DIVG
DIVI	- 0.62	DIVB

Matthews International Constituents Risk-Adjusted Indicators

There is a big difference between Matthews Etf performing well and Matthews International 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 Matthews International'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
MBOX	0.60	(0.05)	(0.08)	0.06	0.63	(0.71)	1.25	(1.29)	3.49
DIEM	0.84	(0.05)	(0.11)	(0.02)	1.15	(0.85)	1.97	(2.01)	7.08
MCHI	1.91	0.16	0.02	1.03	2.53	(2.15)	5.40	(3.25)	19.77
DIPS	1.55	(0.11)	0.00	0.27	0.00	0.00	2.54	(3.20)	13.88
DISO	0.81	0.18	0.11	0.59	0.73	(0.97)	1.67	(1.33)	7.68
DIVB	0.53	0.01	(0.02)	0.13	0.32	(0.67)	1.04	(0.81)	3.81
DIVD	0.49	(0.09)	0.00	(0.06)	0.00	0.00	0.91	(0.98)	2.20
DIVG	0.48	0.02	(0.04)	0.15	0.40	(0.53)	1.10	(0.86)	3.07
DIVI	0.63	(0.16)	0.00	(0.31)	0.00	0.00	1.02	(1.58)	3.95

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