Us Small Correlations

DFSTX Fund

USD 50.94 0.06 0.12%

The current 90-days correlation between Us Small Cap and Vanguard Small Cap Index is 0.98 (i.e., Almost no diversification). The correlation of Us Small 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.

Us Small Correlation With Market

Significant diversification

The correlation between Us Small Cap and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Small Cap 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 Us Small Cap. 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 estimate.

Moving together with DFSTX Mutual Fund

0.79	DMREX	Dfa Municipal Real	Pair Corr
0.76	DNYMX	Dfa Ny Municipal	Pair Corr
0.77	DREIX	World Core Equity	Pair Corr
0.82	DRIIX	Dimensional 2045 Target	Pair Corr
0.62	DRIHX	Dimensional 2040 Target	Pair Corr
0.82	DRILX	Dimensional 2060 Target	Pair Corr
0.82	DRIKX	Dimensional 2055 Target	Pair Corr
0.82	DRIJX	Dimensional 2050 Target	Pair Corr
0.99	DAABX	Dfa Sustainability	Pair Corr
0.93	DSCGX	Dfa Small	Pair Corr
0.8	DSHGX	Dfa Selectively Hedged	Pair Corr
0.74	DTCPX	Dfa Targeted Credit	Pair Corr
0.82	DTDRX	Dimensional 2065 Target	Pair Corr
0.85	DURPX	Us High Relative	Pair Corr
0.83	DUSLX	Dfa Large	Pair Corr

Moving against DFSTX Mutual Fund

0.58	DIPSX	Dfa Inflation Protected	Pair Corr
0.57	DIHRX	Intal High Relative	Pair Corr
0.54	DILRX	Dfa International	Pair Corr
0.43	DISMX	Dfa International	Pair Corr
0.4	DOGMX	Dfa Oregon Municipal	Pair Corr
0.36	DISVX	Dfa International Small	Pair Corr
0.71	DRXIX	Dfa Ltip Portfolio	Pair Corr
0.66	DSFIX	Dfa Social Fixed	Pair Corr
0.47	DAADX	Dfa Emerging Markets	Pair Corr
0.64	DFAPX	Dfa Investment Grade	Pair Corr
0.62	DWFIX	Dfa World Ex	Pair Corr
0.52	DFCSX	Continental Small Pany	Pair Corr
0.48	DFALX	Large Cap International	Pair Corr

Related Correlations Analysis

	VSMAX	VSCIX	NAESX	FSSNX	DFSTX	PASVX	PRVIX	TRZVX	PRSVX
VSMAX		1.0	0.95	0.98	0.99	0.93	0.98	0.99	0.93	VSMAX
VSCIX	1.0		0.95	0.98	0.99	0.93	0.98	0.99	0.93	VSCIX
NAESX	0.95	0.95		0.93	0.93	0.98	0.93	0.93	0.98	NAESX
FSSNX	0.98	0.98	0.93		1.0	0.93	0.99	0.99	0.93	FSSNX
DFSTX	0.99	0.99	0.93	1.0		0.93	0.99	0.99	0.93	DFSTX
PASVX	0.93	0.93	0.98	0.93	0.93		0.93	0.93	1.0	PASVX
PRVIX	0.98	0.98	0.93	0.99	0.99	0.93		1.0	0.93	PRVIX
TRZVX	0.99	0.99	0.93	0.99	0.99	0.93	1.0		0.93	TRZVX
PRSVX	0.93	0.93	0.98	0.93	0.93	1.0	0.93	0.93		PRSVX
	VSMAX	VSCIX	NAESX	FSSNX	DFSTX	PASVX	PRVIX	TRZVX	PRSVX

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Risk-Adjusted Indicators

There is a big difference between DFSTX Mutual Fund performing well and Us Small 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 Us Small'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
VSMAX	0.75	0.14	0.05	4.08	0.74	(0.84)	1.75	(1.25)	5.36
VSCIX	0.75	0.14	0.05	4.05	0.72	(0.84)	1.76	(1.24)	5.35
NAESX	0.75	0.03	0.06	0.12	0.72	(0.85)	1.75	(1.25)	5.35
FSSNX	0.93	0.13	0.03	3.70	0.94	(1.03)	2.12	(1.61)	7.62
DFSTX	0.86	0.13	0.03	4.89	0.80	(0.96)	2.04	(1.45)	7.11
PASVX	0.76	0.01	0.04	0.10	0.70	(0.83)	1.81	(1.22)	6.47
PRVIX	0.76	0.13	0.04	29.96	0.70	(0.82)	1.82	(1.23)	6.48
TRZVX	0.76	0.13	0.04	23.15	0.69	(0.82)	1.81	(1.23)	6.48
PRSVX	0.76	0.01	0.04	0.11	0.69	(0.83)	1.80	(1.23)	6.48

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