Dimensional International Correlations

DIHP Etf

USD 27.12 0.19 0.70%

The current 90-days correlation between Dimensional International and Dimensional ETF Trust is 0.69 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Dimensional International Correlation With Market

Poor diversification

The correlation between Dimensional International High and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional International High 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 International High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Dimensional Etf

1.0	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
0.99	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE	Pair Corr
0.99	IXUS	iShares Core MSCI	Pair Corr
1.0	SPDW	SPDR SP World	Pair Corr
0.97	IDEV	iShares Core MSCI	Pair Corr
0.97	ESGD	iShares ESG Aware	Pair Corr
1.0	JIRE	JP Morgan Exchange	Pair Corr
0.98	DFAX	Dimensional World	Pair Corr
0.89	GDXU	MicroSectors Gold Miners	Pair Corr
0.92	JNJ	Johnson Johnson	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.7	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.73	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.85	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.69	INTC	Intel	Pair Corr
0.62	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against Dimensional Etf

0.42	UPRO	ProShares UltraPro SP500	Pair Corr
0.31	QTJA	Innovator ETFs Trust	Pair Corr
0.31	QTOC	Innovator ETFs Trust	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.47	AXP	American Express	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.39	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	DUHP	DISV	DFIC	DFIV	DFAC
DUHP		-0.25	-0.11	-0.17	0.87	DUHP
DISV	-0.25		0.99	0.99	-0.59	DISV
DFIC	-0.11	0.99		0.99	-0.49	DFIC
DFIV	-0.17	0.99	0.99		-0.54	DFIV
DFAC	0.87	-0.59	-0.49	-0.54		DFAC
	DUHP	DISV	DFIC	DFIV	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

DFIC	+ 0.99	DISV
DFIV	+ 0.99	DISV
DFIV	+ 0.99	DFIC
DFAC	+ 0.87	DUHP

High negative correlations

DFAC	- 0.59	DISV
DFAC	- 0.54	DFIV
DFAC	- 0.49	DFIC
DISV	- 0.25	DUHP
DFIV	- 0.17	DUHP
DFIC	- 0.11	DUHP

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
DUHP	0.71	(0.01)	0.00	(0.06)	0.00	0.00	1.19	(1.61)	3.43
DISV	0.63	0.20	0.26	0.28	0.54	(0.67)	1.54	(1.02)	5.30
DFIC	0.61	0.16	0.24	0.22	0.58	(0.68)	1.14	(1.02)	4.62
DFIV	0.66	0.23	0.29	0.30	0.55	(0.72)	1.27	(1.17)	4.67
DFAC	0.76	(0.04)	0.00	(0.09)	0.00	0.00	1.34	(1.89)	4.02

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