Dimensional International Correlations

DFIV Etf

USD 36.31 0.22 0.61%

The current 90-days correlation between Dimensional International and Dimensional Targeted Value is 0.29 (i.e., Modest diversification). The correlation of Dimensional International 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 International Correlation With Market

Modest diversification

The correlation between Dimensional International Valu and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional International Valu 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 International Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Dimensional Etf

0.7	EFV	iShares MSCI EAFE	Pair Corr
0.94	FNDF	Schwab Fundamental	Pair Corr
0.71	VYMI	Vanguard International	Pair Corr
0.92	IDV	iShares International	Pair Corr
0.66	IVLU	iShares Edge MSCI	Pair Corr
0.61	RODM	Hartford Multifactor	Pair Corr
0.8	PXF	Invesco FTSE RAFI	Pair Corr
0.69	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.85	PID	Invesco International	Pair Corr

Moving against Dimensional Etf

0.34	WINN	Harbor Long Term	Pair Corr
0.66	YMAG	YieldMax Magnificent	Pair Corr
0.6	SEIX	Virtus ETF Trust	Pair Corr
0.57	MINT	PIMCO Enhanced Short	Pair Corr
0.48	ICSH	iShares Ultra Short	Pair Corr
0.45	XOUT	GraniteShares XOUT Large	Pair Corr
0.45	JPST	JPMorgan Ultra Short	Pair Corr
0.43	SPYG	SPDR Portfolio SP	Pair Corr
0.41	FETH	Fidelity Advantage Ether Buyout Trend	Pair Corr
0.39	PBDC	Putnam ETF Trust	Pair Corr
0.33	ARACX	ARACX	Pair Corr
0.32	QQQ	Invesco QQQ Trust Aggressive Push	Pair Corr
0.68	TSLY	Tidal Trust II	Pair Corr
0.58	XDEC	First Trust Exchange	Pair Corr
0.58	BILS	SPDR Series Trust	Pair Corr
0.57	BTRN	Global X Funds	Pair Corr
0.55	OLO	Olo Inc	Pair Corr
0.52	NFLY	Tidal Trust II	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	UBER

Dimensional International Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional International 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 International'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
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	6.06

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