Dimensional ETF Correlations

DFSV Etf

USD 32.10 0.30 0.94%

The current 90-days correlation between Dimensional ETF Trust and JPMorgan Fundamental Data is 0.82 (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

Poor diversification

The correlation between Dimensional ETF Trust and DJI is 0.66 (i.e., 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.

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 state.

Moving together with Dimensional Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.87	IWN	iShares Russell 2000	Pair Corr
1.0	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.82	SLYV	SPDR SP 600	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.96	DES	WisdomTree SmallCap	Pair Corr
0.96	MDYV	SPDR SP 400	Pair Corr
0.88	CALF	Pacer Small Cap	Pair Corr
0.86	REGL	ProShares SP MidCap	Pair Corr
0.62	VTI	Vanguard Total Stock	Pair Corr
0.73	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.93	VO	Vanguard Mid Cap	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.83	QQEW	First Trust NASDAQ	Pair Corr
0.74	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.77	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.81	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.65	INTC	Intel	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.74	VZ	Verizon Communications	Pair Corr

Moving against Dimensional Etf

0.37

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	MCDS	DINT	DISV	PY	VB	VO	MDYG	MDYV	XC
MCDS		0.49	0.58	0.8	0.75	0.91	0.87	0.91	0.35	MCDS
DINT	0.49		0.63	0.46	0.49	0.47	0.57	0.49	0.84	DINT
DISV	0.58	0.63		0.53	0.51	0.58	0.57	0.59	0.56	DISV
PY	0.8	0.46	0.53		0.97	0.88	0.85	0.85	0.34	PY
VB	0.75	0.49	0.51	0.97		0.86	0.86	0.83	0.41	VB
VO	0.91	0.47	0.58	0.88	0.86		0.96	0.98	0.39	VO
MDYG	0.87	0.57	0.57	0.85	0.86	0.96		0.97	0.54	MDYG
MDYV	0.91	0.49	0.59	0.85	0.83	0.98	0.97		0.4	MDYV
XC	0.35	0.84	0.56	0.34	0.41	0.39	0.54	0.4		XC
	MCDS	DINT	DISV	PY	VB	VO	MDYG	MDYV	XC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
MCDS	0.49	0.03	0.00	0.11	0.58	(0.90)	1.26	(0.91)	6.57
DINT	0.91	(0.12)	0.00	(1.32)	0.00	0.00	1.70	(2.09)	7.17
DISV	0.61	(0.01)	(0.07)	0.01	0.87	(0.57)	1.26	(1.69)	3.82
PY	0.58	0.03	(0.02)	0.13	0.65	(0.66)	1.20	(0.83)	6.04
VB	0.83	0.05	0.02	0.15	1.02	(0.85)	1.60	(1.16)	8.20
VO	0.65	0.03	0.01	0.11	0.76	(0.73)	1.37	(0.99)	6.01
MDYG	0.78	(0.01)	(0.02)	0.06	1.01	(0.86)	1.61	(1.34)	7.63
MDYV	0.73	0.02	0.01	0.09	0.89	(0.81)	1.52	(1.10)	8.44
XC	0.67	(0.09)	0.00	(0.24)	0.00	0.00	1.09	(1.40)	4.47

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC