Dimensional ETF Correlations

DFEV Etf

USD 37.82 0.06 0.16%

The current 90-days correlation between Dimensional ETF Trust and First Trust Bloomberg is 0.87 (i.e., Very poor diversification). The correlation of Dimensional ETF 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 ETF Correlation With Market

Very poor diversification

The correlation between Dimensional ETF Trust and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dimensional Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dimensional ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with Dimensional Etf

0.98	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.99	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging Sell-off Trend	Pair Corr
0.99	FNDE	Schwab Fundamental Sell-off Trend	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.98	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.83	DHF	BNY Mellon High	Pair Corr
0.96	ARP	Advisors Inner Circle	Pair Corr
0.78	PXMV	Invesco SP MidCap	Pair Corr
0.84	IGA	Voya Global Advantage	Pair Corr
0.91	FPXE	First Trust IPOX	Pair Corr
0.97	CHPS	Xtrackers Semiconductor	Pair Corr
0.9	REGL	ProShares SP MidCap	Pair Corr
0.8	WDNA	WisdomTree BioRevolution	Pair Corr
0.99	STXE	EA Series Trust	Pair Corr
0.89	UDI	USCF ETF Trust	Pair Corr
0.77	XAUG	FT Cboe Vest	Pair Corr
0.87	DFSD	Dimensional ETF Trust	Pair Corr
0.73	FB	ProShares Trust ProShares	Pair Corr
0.65	TERG	Leverage Shares 2X	Pair Corr
0.84	NCPB	Nuveen Core Plus	Pair Corr
0.92	IRTR	iShares Trust	Pair Corr
0.72	FXC	Invesco CurrencyShares	Pair Corr
0.68	WEBS	Direxion Daily Dow	Pair Corr
0.98	CCNR	CoreCommodity Natural	Pair Corr
0.95	EURL	Direxion Daily FTSE	Pair Corr
0.96	NBCE	Neuberger Berman ETF	Pair Corr
0.86	SPVM	Invesco SP 500	Pair Corr
0.89	IQSZ	Invesco Actively Managed	Pair Corr

Moving against Dimensional Etf

0.65	ENTR	EntrepreneurShares	Pair Corr
0.4	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	EQRR	ASCE	ERET	LBO	EMES	JHID	EBIT	SEA	WAR	EMDM
EQRR		0.92	0.82	0.01	0.88	0.94	0.95	0.92	0.88	0.9	EQRR
ASCE	0.92		0.68	0.25	0.73	0.86	0.94	0.79	0.92	0.79	ASCE
ERET	0.82	0.68		-0.43	0.9	0.9	0.83	0.94	0.67	0.91	ERET
LBO	0.01	0.25	-0.43		-0.3	-0.2	0.02	-0.33	0.21	-0.26	LBO
EMES	0.88	0.73	0.9	-0.3		0.94	0.82	0.95	0.82	0.98	EMES
JHID	0.94	0.86	0.9	-0.2	0.94		0.92	0.97	0.86	0.98	JHID
EBIT	0.95	0.94	0.83	0.02	0.82	0.92		0.9	0.87	0.87	EBIT
SEA	0.92	0.79	0.94	-0.33	0.95	0.97	0.9		0.79	0.96	SEA
WAR	0.88	0.92	0.67	0.21	0.82	0.86	0.87	0.79		0.86	WAR
EMDM	0.9	0.79	0.91	-0.26	0.98	0.98	0.87	0.96	0.86		EMDM
	EQRR	ASCE	ERET	LBO	EMES	JHID	EBIT	SEA	WAR	EMDM

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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

EMDM	+ 0.98	EMES
EMDM	+ 0.98	JHID
SEA	+ 0.97	JHID
EMDM	+ 0.96	SEA
EBIT	+ 0.95	EQRR
SEA	+ 0.95	EMES

High negative correlations

LBO	- 0.43	ERET
SEA	- 0.33	LBO
EMES	- 0.3	LBO
EMDM	- 0.26	LBO
JHID	- 0.2	LBO

Dimensional ETF Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional ETF 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 ETF'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
EQRR	0.71	0.05	0.04	0.11	1.01	(0.71)	1.54	(1.95)	5.24
ASCE	0.91	0.07	0.07	0.12	0.88	(1.02)	1.73	(1.76)	5.62
ERET	0.44	0.11	0.11	0.35	0.33	(0.47)	1.14	(0.72)	2.74
LBO	1.06	(0.16)	0.00	(0.08)	0.00	0.00	2.17	(3.13)	7.23
EMES	0.66	0.09	0.09	0.21	0.61	(0.80)	1.78	(1.22)	4.37
JHID	0.54	0.18	0.24	0.36	0.28	(0.64)	1.21	(0.79)	3.46
EBIT	0.82	0.10	0.12	0.16	0.65	(1.08)	2.39	(1.63)	4.82
SEA	0.70	0.17	0.13	0.31	0.74	(0.75)	1.54	(1.46)	4.55
WAR	1.25	0.06	0.05	0.11	1.66	(1.30)	2.35	(2.71)	7.84
EMDM	0.85	0.30	0.26	0.48	0.74	(1.00)	1.95	(1.47)	6.46

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