Dfa International Correlations

Mutual Funds . USA . 
Fund . Dfa International Small
DISVX Fund  USD 24.84  0.18  0.73%   
The current 90-days correlation between Dfa International Small and Dfa International Value is 0.96 (i.e., Almost no diversification). The correlation of Dfa 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.

Dfa International Correlation With Market

Very weak diversification

The correlation between Dfa International Small and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa International Small 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 International Small. 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 real.

Moving together with Dfa Mutual Fund

  0.96DIHRX Intal High RelativePairCorr
  0.93DILRX Dfa InternationalPairCorr
  0.91DIPSX Dfa Inflation ProtectedPairCorr
  0.94DISMX Dfa InternationalPairCorr
  0.91DMNBX Dfa Mn MunicipalPairCorr
  0.66DMREX Dfa Municipal RealPairCorr
  0.91DNYMX Dfa Ny MunicipalPairCorr
  0.77DOGMX Dfa Oregon MunicipalPairCorr
  0.61DRIWX Dimensional 2030 TargetPairCorr
  0.76DRIUX Dimensional 2025 TargetPairCorr
  0.78DRIRX Dimensional 2020 TargetPairCorr
  0.8DRIQX Dimensional 2015 TargetPairCorr
  0.71DRXIX Dfa Ltip PortfolioPairCorr
  0.71DSCLX Dfa International SocialPairCorr
  0.88DSFIX Dfa Social FixedPairCorr
  0.7DSSMX Dfa Selective StatePairCorr
  0.62DTCPX Dfa Targeted CreditPairCorr
  0.93DCARX Dfa California MunicipalPairCorr
  0.67DCIBX Dfa Ca IntPairCorr
  0.77DCMSX Dfa Commodity StrategyPairCorr
  0.72DEMGX Emerging Markets TargetedPairCorr
  0.84DESIX Emerging Markets SusPairCorr

Moving against Dfa Mutual Fund

  0.63DSCGX Dfa SmallPairCorr
  0.6DAABX Dfa SustainabilityPairCorr
  0.47DUSQX Us Lg CapPairCorr

Related Correlations Analysis

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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   
DFISX
+ 0.98
DFIVX
DFREX
+ 0.63
DFISX
DFREX
+ 0.62
DFIVX
DFSVX
+ 0.53
DFLVX
DFREX
+ 0.32
DFLVX
DFLVX
+ 0.28
DFIVX
  
High negative correlations   
DFSVX
- 0.63
DFIVX
DFSVX
- 0.58
DFISX
DFREX
- 0.31
DFSVX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa International 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 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.

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