International Small Correlations

DFISX Fund

USD 21.01 0.11 0.53%

The current 90-days correlation between International Small Pany and Dfa International Small is 0.99 (i.e., No risk reduction). The correlation of International 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.

International Small Correlation With Market

Very weak diversification

The correlation between International Small Pany and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Small Pany 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 International Small Pany. 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 state.

Moving together with International Mutual Fund

0.97	DIHRX	Intal High Relative	Pair Corr
0.89	DIPSX	Dfa Inflation Protected	Pair Corr
0.99	DISVX	Dfa International Small	Pair Corr
0.8	DRIUX	Dimensional 2025 Target	Pair Corr
0.86	DSFIX	Dfa Social Fixed	Pair Corr
0.68	DCIBX	Dfa Ca Int	Pair Corr
0.88	DESIX	Emerging Markets Sus	Pair Corr
0.98	DFALX	Large Cap International	Pair Corr
0.91	DFABX	Dfa Investment Dimensions	Pair Corr
0.79	DFAAX	Dfa Global Core	Pair Corr
0.98	DFCSX	Continental Small Pany Potential Growth	Pair Corr
0.91	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.83	DFCEX	Emerging Markets E	Pair Corr
0.99	DWUSX	Dfa World Ex	Pair Corr
0.89	DFESX	Dfa Emerging Markets	Pair Corr
0.92	DFEQX	Dfa Short Term	Pair Corr
0.92	DFGBX	Dfa Five Year	Pair Corr
0.99	DFIEX	International E Equity	Pair Corr
0.63	DFREX	Dfa Real Estate	Pair Corr
0.98	DFSPX	Dfa Intl Sustainability	Pair Corr
0.91	DFSMX	Dfa Short Term	Pair Corr
0.72	DFTIX	Dfa Intermediate Term	Pair Corr
0.67	DFUKX	United Kingdom Small	Pair Corr

Moving against International Mutual Fund

0.53	DFFVX	Us Targeted Value	Pair Corr
0.42	DFSIX	Dfa Sustainability Core	Pair Corr
0.41	DFVEX	Us Vector Equity	Pair Corr
0.37	DFEOX	Us E Equity	Pair Corr
0.37	DFQTX	Us E Equity	Pair Corr

Related Correlations Analysis

	DISVX	DFSCX	DFIVX	DFLVX	DFREX
DISVX		-0.7	0.99	0.2	0.59	DISVX
DFSCX	-0.7		-0.67	0.46	-0.32	DFSCX
DFIVX	0.99	-0.67		0.28	0.62	DFIVX
DFLVX	0.2	0.46	0.28		0.32	DFLVX
DFREX	0.59	-0.32	0.62	0.32		DFREX
	DISVX	DFSCX	DFIVX	DFLVX	DFREX

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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

DFIVX	+ 0.99	DISVX
DFREX	+ 0.62	DFIVX
DFREX	+ 0.59	DISVX
DFLVX	+ 0.46	DFSCX
DFREX	+ 0.32	DFLVX
DFLVX	+ 0.28	DFIVX

High negative correlations

DFSCX	- 0.7	DISVX
DFIVX	- 0.67	DFSCX
DFREX	- 0.32	DFSCX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Small 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 International 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
DISVX	0.63	0.17	0.19	0.31	0.57	(0.71)	1.43	(0.97)	5.33
DFSCX	0.90	(0.17)	0.00	(0.15)	0.00	0.00	1.62	(2.44)	4.28
DFIVX	0.64	0.18	0.20	0.30	0.64	(0.70)	1.27	(1.30)	4.69
DFLVX	0.67	0.01	0.02	0.02	0.89	(0.66)	1.34	(1.43)	3.39
DFREX	0.92	(0.02)	0.00	0.07	0.00	0.00	1.65	(1.87)	4.48

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