Dfa Two-year Correlations

DFGFX Fund

USD 9.81 0.01 0.10%

The current 90-days correlation between Dfa Two Year and Flexible Bond Portfolio is -0.11 (i.e., Good diversification). The correlation of Dfa Two-year 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.

Dfa Two-year Correlation With Market

Good diversification

The correlation between Dfa Two Year Global and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Two Year Global 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 Dfa Two Year Global. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Dfa Mutual Fund

0.76	DIHRX	Intal High Relative	Pair Corr
0.74	DILRX	Dfa International	Pair Corr
0.73	DIPSX	Dfa Inflation Protected	Pair Corr
0.82	DISVX	Dfa International Small	Pair Corr
0.92	DMNBX	Dfa Mn Municipal	Pair Corr
0.74	DMREX	Dfa Municipal Real	Pair Corr
0.96	DNYMX	Dfa Ny Municipal	Pair Corr
0.62	DOGMX	Dfa Oregon Municipal	Pair Corr
0.79	DSCLX	Dfa International Social	Pair Corr
0.61	DSSMX	Dfa Selective State	Pair Corr
0.99	DTCPX	Dfa Targeted Credit	Pair Corr
0.66	DCARX	Dfa California Municipal	Pair Corr
0.89	DCMSX	Dfa Commodity Strategy	Pair Corr

Moving against Dfa Mutual Fund

0.71	DAADX	Dfa Emerging Markets	Pair Corr
0.6	DAABX	Dfa Sustainability	Pair Corr
0.61	DSCGX	Dfa Small	Pair Corr
0.46	DEMSX	Emerging Markets Small	Pair Corr
0.32	DUSQX	Us Lg Cap	Pair Corr

Related Correlations Analysis

	JAFLX	PRVBX	PBNAX	ABNCX	VBIIX	RULFX	ANBIX
JAFLX		0.88	1.0	0.92	0.99	0.61	0.91	JAFLX
PRVBX	0.88		0.9	0.94	0.87	0.87	0.94	PRVBX
PBNAX	1.0	0.9		0.94	0.99	0.64	0.93	PBNAX
ABNCX	0.92	0.94	0.94		0.92	0.81	1.0	ABNCX
VBIIX	0.99	0.87	0.99	0.92		0.61	0.91	VBIIX
RULFX	0.61	0.87	0.64	0.81	0.61		0.83	RULFX
ANBIX	0.91	0.94	0.93	1.0	0.91	0.83		ANBIX
	JAFLX	PRVBX	PBNAX	ABNCX	VBIIX	RULFX	ANBIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Two-year Mutual Fund 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 Dfa Two-year'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
JAFLX	0.25	0.01	0.45	(0.03)	0.26	(0.32)	0.61	(0.41)	1.44
PRVBX	0.10	0.01	1.30	0.07	0.00	(0.13)	0.23	(0.17)	0.53
PBNAX	0.22	0.00	0.52	(0.04)	0.22	(0.27)	0.43	(0.43)	1.22
ABNCX	0.15	0.00	0.73	(0.23)	0.11	(0.19)	0.30	(0.30)	0.90
VBIIX	0.26	0.01	0.44	(0.04)	0.27	(0.31)	0.59	(0.49)	1.40
RULFX	0.05	0.01	0.00	(0.87)	0.00	0.00	0.10	(0.10)	0.60
ANBIX	0.16	0.01	0.67	(0.44)	0.09	(0.21)	0.38	(0.38)	0.98

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