Dfa Ca Correlations

DCIBX Fund

USD 10.49 0.01 0.1%

The current 90-days correlation between Dfa Ca Int and Icon Bond Fund is 0.09 (i.e., Significant diversification). The correlation of Dfa Ca 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 Ca Correlation With Market

Poor diversification

The correlation between Dfa Ca Int Tr and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Ca Int Tr 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 Ca Int Tr. 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 bureau of labor statistics.

Moving together with Dfa Mutual Fund

0.97	VCAIX	Vanguard California	Pair Corr
0.97	VCADX	Vanguard California	Pair Corr
0.96	BCIYX	California Intermediate-ter	Pair Corr
0.96	BCITX	California Intermediate-ter	Pair Corr
0.96	BCIAX	California Intermediate-ter	Pair Corr
0.97	ACYTX	California Intermediate-ter	Pair Corr
0.97	BCTIX	California Intermediate-ter	Pair Corr
0.94	FCCRX	Franklin California	Pair Corr
0.94	FCCQX	Franklin California	Pair Corr
0.94	FKCIX	Franklin California	Pair Corr
0.66	PMPIX	Precious Metals Ultr	Pair Corr
0.66	PMPSX	Precious Metals Ultr	Pair Corr
0.74	RYYCX	Sp Smallcap 600	Pair Corr
0.74	ABNYX	Ab Bond Inflation	Pair Corr
0.85	MIXNX	Mainstay Indexed Bond	Pair Corr
0.93	RYBAX	Basic Materials	Pair Corr
0.75	CNEYX	Alger Concentrated Equity	Pair Corr
0.89	STSIX	American Beacon Stephens	Pair Corr
0.64	EPGFX	Europac Gold	Pair Corr
0.89	WEIMX	Teton Westwood Mighty	Pair Corr
0.67	VFPIX	Private Capital Mana	Pair Corr
0.93	MXMVX	Great West Goldman	Pair Corr
0.81	GCSCX	Goldman Sachs Small	Pair Corr
0.8	DAGVX	Dreyfus Strategic Value	Pair Corr
0.95	DIEYX	Dreyfus International	Pair Corr
0.76	PFESX	Pfg Br Equity	Pair Corr
0.7	WAINX	Wasatch Emerging India	Pair Corr
0.92	EPGIX	Investment Managers	Pair Corr
0.89	INNOX	Fundrise Growth Tech Steady Growth	Pair Corr
0.66	PAVLX	T Rowe Price	Pair Corr
0.82	LOTCX	Locorr Market Trend	Pair Corr
0.86	JTSCX	Jpmorgan Smartretirement	Pair Corr
0.88	HBLTX	Hartford Balanced	Pair Corr
0.86	ARDMX	One Choice 2040	Pair Corr
0.83	DXRLX	Direxion Monthly Small	Pair Corr
0.89	MFCIX	Meridian Contrarian	Pair Corr

Related Correlations Analysis

	PCTIX	PRNYX	MWHIX	GBAB	FOHTX	FLDFX	BFK	HULEX	TEPFX	IOBAX
PCTIX		0.96	0.74	0.02	0.96	0.58	0.69	0.72	0.68	0.79	PCTIX
PRNYX	0.96		0.67	0.02	0.97	0.51	0.67	0.62	0.63	0.67	PRNYX
MWHIX	0.74	0.67		-0.08	0.72	0.84	0.66	0.76	0.91	0.7	MWHIX
GBAB	0.02	0.02	-0.08		-0.04	-0.2	0.36	-0.09	-0.18	-0.1	GBAB
FOHTX	0.96	0.97	0.72	-0.04		0.59	0.62	0.68	0.68	0.68	FOHTX
FLDFX	0.58	0.51	0.84	-0.2	0.59		0.48	0.83	0.9	0.71	FLDFX
BFK	0.69	0.67	0.66	0.36	0.62	0.48		0.53	0.63	0.65	BFK
HULEX	0.72	0.62	0.76	-0.09	0.68	0.83	0.53		0.73	0.9	HULEX
TEPFX	0.68	0.63	0.91	-0.18	0.68	0.9	0.63	0.73		0.7	TEPFX
IOBAX	0.79	0.67	0.7	-0.1	0.68	0.71	0.65	0.9	0.7		IOBAX
	PCTIX	PRNYX	MWHIX	GBAB	FOHTX	FLDFX	BFK	HULEX	TEPFX	IOBAX

Please upgrade your account to get full access to Macroaxis premium features

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

FOHTX	+ 0.97	PRNYX
PRNYX	+ 0.96	PCTIX
FOHTX	+ 0.96	PCTIX
TEPFX	+ 0.91	MWHIX
TEPFX	+ 0.9	FLDFX
IOBAX	+ 0.9	HULEX

High negative correlations

FLDFX	- 0.2	GBAB
TEPFX	- 0.18	GBAB
IOBAX	- 0.1	GBAB
HULEX	- 0.09	GBAB
GBAB	- 0.08	MWHIX
FOHTX	- 0.04	GBAB

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Ca 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 Ca'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
PCTIX	0.08	0.00	(0.33)	(0.03)	0.00	(0.13)	0.19	(0.09)	0.75
PRNYX	0.08	0.00	(0.26)	(0.23)	0.09	(0.15)	0.19	(0.09)	0.84
MWHIX	0.11	0.00	(0.28)	0.12	0.00	(0.21)	0.22	(0.22)	1.09
GBAB	0.44	(0.03)	0.00	(0.05)	0.00	0.00	0.93	(0.87)	2.89
FOHTX	0.06	(0.01)	(0.36)	(0.34)	0.02	(0.13)	0.09	(0.19)	0.56
FLDFX	0.45	0.09	0.08	1.42	0.35	(0.54)	0.93	(0.96)	4.03
BFK	0.34	0.01	(0.08)	0.64	0.45	(0.35)	0.92	(0.81)	2.32
HULEX	0.52	0.02	0.01	0.07	0.64	(0.55)	1.01	(1.18)	3.74
TEPFX	0.04	0.01	0.00	0.96	0.00	0.00	0.10	(0.10)	0.21
IOBAX	0.07	0.02	(0.24)	0.31	0.00	(0.14)	0.12	(0.12)	0.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC