Dimensional Small Correlations

DFAS Etf

USD 66.71 0.05 0.07%

The current 90-days correlation between Dimensional Small Cap and Dimensional Targeted Value is 0.97 (i.e., Almost no diversification). The correlation of Dimensional Small 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Dimensional Small Correlation With Market

Very weak diversification

The correlation between Dimensional Small Cap and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dimensional Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dimensional Etf

0.98	VB	Vanguard Small Cap	Pair Corr
0.99	IJR	iShares Core SP Sell-off Trend	Pair Corr
0.98	IWM	iShares Russell 2000 Sell-off Trend	Pair Corr
0.99	VRTIX	Vanguard Russell 2000	Pair Corr
0.98	VTWO	Vanguard Russell 2000	Pair Corr
0.99	FNDA	Schwab Fundamental Small	Pair Corr
0.99	SPSM	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.99	VIOO	Vanguard SP Small	Pair Corr
0.99	PRFZ	Invesco FTSE RAFI	Pair Corr
0.93	SNPD	DBX ETF Trust	Pair Corr
0.89	EVUS	iShares ESG Aware	Pair Corr
0.89	VBK	Vanguard Small Cap	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.79	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.72	XOM	Exxon Mobil Corp	Pair Corr
0.71	HPQ	HP Inc	Pair Corr

Moving against Dimensional Etf

0.37	EOS	Eaton Vance Enhanced	Pair Corr
0.58	BA	Boeing	Pair Corr
0.41	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	DFAT	DFUS	DFAC	DFAI	DFAE
DFAT		0.51	0.87	0.38	0.5	DFAT
DFUS	0.51		0.85	0.85	0.71	DFUS
DFAC	0.87	0.85		0.72	0.69	DFAC
DFAI	0.38	0.85	0.72		0.7	DFAI
DFAE	0.5	0.71	0.69	0.7		DFAE
	DFAT	DFUS	DFAC	DFAI	DFAE

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Dimensional Small Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional Small 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 Small'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
DFAT	0.73	(0.06)	0.00	(0.08)	0.00	0.00	1.61	(1.52)	5.72
DFUS	0.59	0.03	0.03	0.05	0.87	(0.56)	1.07	(1.33)	3.98
DFAC	0.57	(0.01)	(0.01)	(0.01)	0.88	(0.51)	1.05	(1.08)	4.03
DFAI	0.53	0.06	0.07	0.13	0.71	(0.57)	1.14	(1.22)	3.83
DFAE	0.62	(0.01)	(0.01)	(0.02)	0.87	(0.60)	1.24	(1.79)	4.12

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