World Ex Correlations

DFWIX Fund

USD 13.73 0.09 0.65%

The current 90-days correlation between World Ex Core and Inflation Adjusted Bond Fund is 0.05 (i.e., Significant diversification). The correlation of World Ex 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.

World Ex Correlation With Market

Very weak diversification

The correlation between World Ex Core and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Ex Core 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 World Ex Core. 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 gross domestic product.

Moving together with World Mutual Fund

0.99	DIHRX	Intal High Relative	Pair Corr
0.91	TDIFX	Dimensional Retirement	Pair Corr
1.0	VGTSX	Vanguard Total Inter	Pair Corr
1.0	VTIAX	Vanguard Total Inter	Pair Corr
0.95	VTSNX	Vanguard Total Inter	Pair Corr
1.0	VTPSX	Vanguard Total Inter	Pair Corr
1.0	VTISX	Vanguard Total Inter	Pair Corr
0.98	VTMGX	Vanguard Developed	Pair Corr
0.98	VDVIX	Vanguard Developed	Pair Corr
0.98	VTMNX	Vanguard Developed	Pair Corr
0.98	VDIPX	Vanguard Developed	Pair Corr
0.97	FSPSX	Fidelity International	Pair Corr
0.79	FSMMX	Fs Multi Strategy	Pair Corr
0.97	BTMPX	Ishares Msci Eafe	Pair Corr
0.97	BTMKX	Blackrock International	Pair Corr
0.97	MDIIX	Blackrock Intern Index	Pair Corr
0.98	RTIYX	Select International	Pair Corr
0.89	FSTFX	Fidelity Limited Term	Pair Corr
0.81	OHSHX	Oakhurst Short Duration	Pair Corr
0.76	WSHNX	Short Duration Income	Pair Corr
0.9	PIPNX	Pimco Income	Pair Corr
0.64	MCSAX	Mfs Modity Strategy	Pair Corr

Related Correlations Analysis

	AIAHX	QCILIX	SLFYX	QMHIX	ABNCX	ALMIX	TIIHX
AIAHX		0.98	0.78	0.65	0.96	0.92	0.98	AIAHX
QCILIX	0.98		0.87	0.74	0.98	0.98	1.0	QCILIX
SLFYX	0.78	0.87		0.84	0.89	0.94	0.87	SLFYX
QMHIX	0.65	0.74	0.84		0.72	0.81	0.74	QMHIX
ABNCX	0.96	0.98	0.89	0.72		0.96	0.98	ABNCX
ALMIX	0.92	0.98	0.94	0.81	0.96		0.98	ALMIX
TIIHX	0.98	1.0	0.87	0.74	0.98	0.98		TIIHX
	AIAHX	QCILIX	SLFYX	QMHIX	ABNCX	ALMIX	TIIHX

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Risk-Adjusted Indicators

There is a big difference between World Mutual Fund performing well and World Ex 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 World Ex'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
AIAHX	0.21	0.00	0.47	(0.14)	0.20	(0.25)	0.48	(0.39)	1.24
QCILIX	0.15	0.01	0.75	(0.36)	0.08	(0.17)	0.32	(0.33)	0.94
SLFYX	0.19	0.04	0.73	(3.16)	0.00	(0.27)	0.50	(0.26)	1.02
QMHIX	0.73	0.09	0.27	(0.66)	0.71	(0.86)	1.68	(1.23)	3.96
ABNCX	0.16	0.01	0.60	0.23	0.13	(0.20)	0.30	(0.30)	1.09
ALMIX	0.11	0.02	0.86	(0.62)	0.00	(0.15)	0.20	(0.20)	0.60
TIIHX	0.16	0.01	0.67	(0.35)	0.08	(0.19)	0.29	(0.29)	1.04

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World Ex Correlations

World Ex Correlation With Market

Very weak diversification

Moving together with World Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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