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On the Oct 10 drop, I made a list of a bunch country specific ETFs to see who is and who isn't so correlated with the US. oct 10 drop
by jhallenworld 1y ago
On the Oct 10 drop, I made a list of a bunch country specific ETFs to see who is and who isn't so correlated with the US.
oct 10 drop yield ytd total return
mchi china -5.73 2.19 28.48
ewh hong kong -4.22 3.54 23.05
qqq nasdaq 100 -3.47 0.46 12.4
argt argentina -3.34 1.39 -16.04 currency problems
ech chile -3.2 2.18 24.8
ewz brazil -2.98 5.42 26.49
spy USA: s&p 500 -2.69 1.08 9.15
epu peru -2.62 3.5 52.16 metals
norw norway -2.44 4.06 22.77
ews singapore -2.38 3.59 28.19
ewn netherlands -2.31 1.91 25.28
ewx s&p emerging -2.08 2.81 8.58
ewa australia -1.75 3.02 9.26
enzl new zealand -1.65 2.25 -0.59
eww mexico -1.65 4.07 35.96
ewi italy -1.6 2.7 38.21
tur turkey -1.59 1.83 -9.71 currency problems
ewq france -1.44 2.79 19.85
ewc canada -1.32 1.69 20.96
divo usa cc -1.07 4.58 8.43
ewp spain -0.68 2.68 52.85
ewd sweden -0.59 4.28 24.82
eden denmark -0.52 1.83 1.93
ewl switzerland -0.275 3.63 20.78
efnl finland -0.21 3.97 31.54
pin india 0 2.09 -4.03
(Edit: here are a few more)
btc bitcoin -3.72 19.71
aaau gold 0.97 48.3
dxy dollar -0.69 -2.91
ashr CSI-300 -4.0 .95 22 (domestic China)
fltw taiwan -4.8 1.34 23
They are all correlated- even if the countries are different, it's the same set of investors. But if you have to pick one... Finland? Switzerland, Sweden and Norway have low debt / gdp.
- Yoric 1y agoVery nice! Interesting that Chile and Brazil went further down than S&P, but I guess it's noisy.
- zzleeper 1y agoQuick q what does "yield" mean here? Also, in which currency are these returns? Because forex shifts (which for sure happened on oct10) mess up the observed returns quite a bit
- jhallenworld 1y agoIt's what E-Trade lists for dividend yield or SEC yield. I have no idea if it's before or after exchange to USD. The total return is from totalrealreturns.com, it accounts for USD inflation and includes yield (at least I think), but probably didn't include the Oct 10 drop itself.
- Yoric 1y agoThat being said, even if for some reason your money is invested in Finland (or somehow safe from the next collapse), that won't be sufficient to save your entire community.