Dimensional International Correlations
DFAI Etf | USD 31.77 0.03 0.09% |
The current 90-days correlation between Dimensional International and Dimensional Core Equity is 0.68 (i.e., Poor diversification). The correlation of Dimensional 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.
Dimensional International Correlation With Market
Poor diversification
The correlation between Dimensional International Core and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional International Core and DJI in the same portfolio, assuming nothing else is changed.
Dimensional |
Moving together with Dimensional Etf
0.95 | VEA | Vanguard FTSE Developed | PairCorr |
0.95 | IEFA | iShares Core MSCI | PairCorr |
0.95 | VEU | Vanguard FTSE All | PairCorr |
0.95 | EFA | iShares MSCI EAFE | PairCorr |
0.95 | IXUS | iShares Core MSCI | PairCorr |
0.95 | SPDW | SPDR SP World | PairCorr |
0.95 | IDEV | iShares Core MSCI | PairCorr |
0.95 | ESGD | iShares ESG Aware | PairCorr |
0.94 | JIRE | JP Morgan Exchange | PairCorr |
0.95 | DFAX | Dimensional World | PairCorr |
0.63 | GDXU | MicroSectors Gold Miners | PairCorr |
0.7 | JNJ | Johnson Johnson | PairCorr |
0.73 | MCD | McDonalds | PairCorr |
0.65 | TRV | The Travelers Companies | PairCorr |
0.73 | VZ | Verizon Communications Aggressive Push | PairCorr |
Moving against Dimensional Etf
0.39 | QTJA | Innovator ETFs Trust | PairCorr |
0.38 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.34 | QTOC | Innovator ETFs Trust | PairCorr |
0.33 | XTJA | Innovator ETFs Trust | PairCorr |
0.31 | XTOC | Innovator ETFs Trust | PairCorr |
0.54 | AXP | American Express | PairCorr |
0.54 | CAT | Caterpillar | PairCorr |
0.53 | BAC | Bank of America | PairCorr |
0.49 | HD | Home Depot | PairCorr |
0.47 | HPQ | HP Inc Sell-off Trend | PairCorr |
0.45 | MRK | Merck Company | PairCorr |
0.43 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
-0.23 | 0.94 | 0.94 | 0.92 | DFAU | ||
-0.23 | -0.38 | -0.39 | -0.21 | DFAE | ||
0.94 | -0.38 | 1.0 | 0.9 | DFAT | ||
0.94 | -0.39 | 1.0 | 0.9 | DFAS | ||
0.92 | -0.21 | 0.9 | 0.9 | DFAC | ||
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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
| High negative correlations
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Dimensional International Constituents Risk-Adjusted Indicators
There is a big difference between Dimensional Etf performing well and Dimensional 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 Dimensional 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DFAU | 0.79 | (0.04) | 0.00 | (0.06) | 0.00 | 1.52 | 4.55 | |||
DFAE | 0.73 | 0.07 | 0.09 | 0.14 | 0.85 | 1.48 | 4.94 | |||
DFAT | 0.80 | (0.07) | 0.00 | (0.09) | 0.00 | 1.63 | 4.17 | |||
DFAS | 0.84 | (0.09) | 0.00 | (0.11) | 0.00 | 1.60 | 4.51 | |||
DFAC | 0.74 | (0.02) | 0.00 | (0.05) | 0.00 | 1.34 | 4.02 |