Dimensional 2040 Correlations

DRIHX Fund

USD 15.94 0.02 0.13%

The current 90-days correlation between Dimensional 2040 Target and Dimensional 2035 Target is 0.96 (i.e., Almost no diversification). The correlation of Dimensional 2040 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 2040 Correlation With Market

Poor diversification

The correlation between Dimensional 2040 Target and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2040 Target 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 2040 Target. 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 rate.

Moving together with Dimensional Mutual Fund

0.93	DREIX	World Core Equity	Pair Corr
0.94	DRIIX	Dimensional 2045 Target	Pair Corr
0.95	DRIGX	Dimensional 2035 Target	Pair Corr
0.84	DRIWX	Dimensional 2030 Target	Pair Corr
0.68	DRIUX	Dimensional 2025 Target	Pair Corr
0.68	DRIRX	Dimensional 2020 Target	Pair Corr
0.68	DRIQX	Dimensional 2015 Target	Pair Corr
0.91	DRILX	Dimensional 2060 Target	Pair Corr
0.91	DRIKX	Dimensional 2055 Target	Pair Corr
0.91	DRIJX	Dimensional 2050 Target	Pair Corr
0.91	DSHGX	Dfa Selectively Hedged	Pair Corr
0.84	DTDRX	Dimensional 2065 Target	Pair Corr
0.88	DURPX	Us High Relative	Pair Corr
0.71	DUSQX	Us Lg Cap	Pair Corr
0.91	DUSLX	Dfa Large	Pair Corr
0.72	DWFIX	Dfa World Ex	Pair Corr

Related Correlations Analysis

	DRIGX	DRIUX	DRIWX	DRIJX	DRIRX
DRIGX		0.87	0.96	0.75	0.86	DRIGX
DRIUX	0.87		0.97	0.35	1.0	DRIUX
DRIWX	0.96	0.97		0.56	0.96	DRIWX
DRIJX	0.75	0.35	0.56		0.36	DRIJX
DRIRX	0.86	1.0	0.96	0.36		DRIRX
	DRIGX	DRIUX	DRIWX	DRIJX	DRIRX

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Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2040 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 Dimensional 2040'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
DRIGX	0.44	(0.02)	0.00	(0.04)	0.00	0.00	0.89	(1.08)	2.59
DRIUX	0.30	0.00	0.00	0.02	0.41	(0.32)	0.81	(0.71)	1.83
DRIWX	0.37	(0.01)	(0.02)	(0.02)	0.54	(0.37)	0.91	(0.90)	2.36
DRIJX	0.64	(0.02)	0.00	(0.02)	0.00	0.00	1.21	(1.33)	3.61
DRIRX	0.26	0.01	0.01	0.04	0.35	(0.28)	0.64	(0.55)	1.65

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Dimensional 2040 Correlations

Dimensional 2040 Correlation With Market

Poor diversification

Moving together with Dimensional Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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