Dimensional ETF Correlations
| DFIS Etf | USD 24.80 0.01 0.04% |
The current 90-days correlation between Dimensional ETF Trust and Schwab Emerging Markets is 0.67 (i.e., 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
Weak diversification
The correlation between Dimensional ETF Trust and DJI is 0.39 (i.e., Weak 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.
Dimensional |
Moving together with Dimensional Etf
| 0.97 | SCZ | iShares MSCI EAFE Sell-off Trend | PairCorr |
| 0.96 | VSS | Vanguard FTSE All | PairCorr |
| 0.98 | GWX | SPDR SP International | PairCorr |
| 0.97 | ISCF | iShares MSCI Intl | PairCorr |
| 0.71 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Dimensional Etf
| 0.64 | MEME | Roundhill Investments | PairCorr |
| 0.63 | STCE | Schwab Strategic Trust | PairCorr |
| 0.6 | RSPY | Tuttle Capital Management | PairCorr |
| 0.57 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.49 | WMT | Walmart Aggressive Push | PairCorr |
| 0.48 | DSJA | DSJA | PairCorr |
| 0.71 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.5 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.43 | CSCO | Cisco Systems | PairCorr |
Related Correlations Analysis
| 0.27 | 0.28 | 0.27 | 0.39 | SCHE | ||
| 0.27 | 0.98 | 0.99 | -0.43 | SCHF | ||
| 0.28 | 0.98 | 0.98 | -0.42 | FNDC | ||
| 0.27 | 0.99 | 0.98 | -0.44 | FNDF | ||
| 0.39 | -0.43 | -0.42 | -0.44 | FNDA | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCHE | 0.85 | (0.01) | (0.06) | 0.06 | 1.04 | 2.07 | 6.33 | |||
| SCHF | 0.66 | (0.11) | 0.00 | (0.13) | 0.00 | 1.54 | 3.90 | |||
| FNDC | 0.64 | (0.10) | 0.00 | (0.13) | 0.00 | 1.61 | 4.31 | |||
| FNDF | 0.67 | (0.10) | 0.00 | (0.14) | 0.00 | 1.49 | 4.13 | |||
| FNDA | 0.78 | 0.02 | 0.05 | 0.10 | 0.72 | 1.78 | 6.49 |