Dfa Short Correlations

DFEQX Fund

USD 10.42 0.01 0.1%

The current 90-days correlation between Dfa Short Term and Vanguard Short Term Bond is 0.27 (i.e., Modest diversification). The correlation of Dfa Short 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 Short Correlation With Market

Good diversification

The correlation between Dfa Short Term Extended and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Short Term Extended 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 Short Term Extended. 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 producer price index.

Moving together with Dfa Mutual Fund

0.72	DREIX	World Core Equity	Pair Corr
0.79	DRIKX	Dimensional 2055 Target	Pair Corr
0.66	DAABX	Dfa Sustainability	Pair Corr
0.78	DSCGX	Dfa Small	Pair Corr
0.79	DSHGX	Dfa Selectively Hedged	Pair Corr
0.99	DTCPX	Dfa Targeted Credit	Pair Corr
0.95	DCARX	Dfa California Municipal	Pair Corr
0.85	DURPX	Us High Relative	Pair Corr
0.87	DUSQX	Us Lg Cap	Pair Corr
0.83	DUSLX	Dfa Large	Pair Corr
0.99	DFFGX	Dfa Short Term	Pair Corr
0.85	DFEOX	Us E Equity	Pair Corr
0.86	DFELX	Enhanced Large Pany	Pair Corr
0.99	DFGBX	Dfa Five Year	Pair Corr
0.68	DFFVX	Us Targeted Value	Pair Corr
0.99	DFIHX	Dfa One Year	Pair Corr
0.83	DFLVX	Us Large Cap	Pair Corr
0.84	DFQTX	Us E Equity	Pair Corr

Moving against Dfa Mutual Fund

0.68	DIHRX	Intal High Relative	Pair Corr
0.63	DILRX	Dfa International	Pair Corr
0.5	DAADX	Dfa Emerging Markets	Pair Corr
0.46	DISMX	Dfa International	Pair Corr
0.41	DISVX	Dfa International Small	Pair Corr
0.33	DOGMX	Dfa Oregon Municipal	Pair Corr
0.75	DFUKX	United Kingdom Small	Pair Corr
0.56	DFJSX	Japanese Small Pany	Pair Corr
0.55	DFSPX	Dfa Intl Sustainability	Pair Corr
0.53	DFITX	Dfa International Real	Pair Corr
0.48	DFIEX	International E Equity	Pair Corr
0.4	DFISX	International Small Pany	Pair Corr
0.37	DFIVX	Dfa International Value	Pair Corr

Related Correlations Analysis

	VBIRX	VFSUX	VFSTX	VBITX	VBISX	VSCSX	LDLAX
VBIRX		0.9	0.87	0.89	0.89	0.9	0.71	VBIRX
VFSUX	0.9		0.9	0.82	0.82	0.91	0.82	VFSUX
VFSTX	0.87	0.9		0.95	0.95	0.96	0.73	VFSTX
VBITX	0.89	0.82	0.95		1.0	0.92	0.54	VBITX
VBISX	0.89	0.82	0.95	1.0		0.92	0.54	VBISX
VSCSX	0.9	0.91	0.96	0.92	0.92		0.76	VSCSX
LDLAX	0.71	0.82	0.73	0.54	0.54	0.76		LDLAX
	VBIRX	VFSUX	VFSTX	VBITX	VBISX	VSCSX	LDLAX

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Short 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 Short'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
VBIRX	0.12	(0.01)	(0.61)	(0.65)	0.12	(0.15)	0.20	(0.20)	0.78
VFSUX	0.11	0.00	(0.50)	0.16	0.11	(0.14)	0.19	(0.19)	0.77
VFSTX	0.12	0.00	(0.51)	0.13	0.12	(0.15)	0.19	(0.19)	0.77
VBITX	0.12	(0.01)	0.00	0.31	0.00	0.00	0.29	(0.20)	0.78
VBISX	0.12	(0.01)	0.00	0.34	0.00	0.00	0.20	(0.20)	0.78
VSCSX	0.10	0.00	(0.61)	0.52	0.09	(0.12)	0.19	(0.19)	0.70
LDLAX	0.10	0.00	(0.31)	0.13	0.02	(0.26)	0.26	(0.26)	0.52

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