World Core Correlations

DREIX Fund

USD 25.21 0.16 0.64%

The current 90-days correlation between World Core Equity and Artisan High Income is 0.35 (i.e., Weak diversification). The correlation of World Core 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.

World Core Correlation With Market

Very poor diversification

The correlation between World Core Equity and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Core Equity 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 World Core Equity. 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 gross domestic product.

Moving together with World Mutual Fund

0.91	DRIKX	Dimensional 2055 Target	Pair Corr
0.7	DAABX	Dfa Sustainability	Pair Corr
0.9	DSCGX	Dfa Small	Pair Corr
0.99	DSHGX	Dfa Selectively Hedged	Pair Corr
0.73	DTCPX	Dfa Targeted Credit	Pair Corr
0.82	DCARX	Dfa California Municipal	Pair Corr
0.75	DCMSX	Dfa Commodity Strategy	Pair Corr
0.93	DURPX	Us High Relative	Pair Corr
0.91	DUSQX	Us Lg Cap	Pair Corr
0.93	DUSLX	Dfa Large	Pair Corr
0.67	DESIX	Emerging Markets Sus	Pair Corr
0.65	DFCEX	Emerging Markets E	Pair Corr
0.71	DFFGX	Dfa Short Term	Pair Corr
0.69	DFESX	Dfa Emerging Markets	Pair Corr
0.72	DFEQX	Dfa Short Term	Pair Corr
0.92	DFEOX	Us E Equity	Pair Corr
0.85	DFELX	Enhanced Large Pany	Pair Corr
0.71	DFGBX	Dfa Five Year	Pair Corr
0.72	DFFVX	Us Targeted Value	Pair Corr
0.72	DFIHX	Dfa One Year	Pair Corr
0.81	DFLVX	Us Large Cap	Pair Corr
0.92	DFQTX	Us E Equity	Pair Corr

Moving against World Mutual Fund

0.33

DFUKX

United Kingdom Small

Pair Corr

Related Correlations Analysis

	APDFX	WAHSX	PKHIX	MWHIX	AGDAX	CABIX	CDCRX
APDFX		0.97	0.96	0.84	0.97	0.45	0.78	APDFX
WAHSX	0.97		0.98	0.9	0.99	0.51	0.73	WAHSX
PKHIX	0.96	0.98		0.88	0.99	0.45	0.74	PKHIX
MWHIX	0.84	0.9	0.88		0.92	0.61	0.49	MWHIX
AGDAX	0.97	0.99	0.99	0.92		0.52	0.74	AGDAX
CABIX	0.45	0.51	0.45	0.61	0.52		0.43	CABIX
CDCRX	0.78	0.73	0.74	0.49	0.74	0.43		CDCRX
	APDFX	WAHSX	PKHIX	MWHIX	AGDAX	CABIX	CDCRX

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Risk-Adjusted Indicators

There is a big difference between World Mutual Fund performing well and World Core 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 World Core'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
APDFX	0.12	0.02	(0.37)	0.47	0.00	(0.19)	0.33	(0.22)	0.90
WAHSX	0.13	0.03	(0.30)	(3.12)	0.00	(0.25)	0.43	(0.14)	0.86
PKHIX	0.11	0.03	(0.31)	(1.66)	0.00	(0.18)	0.34	(0.22)	0.90
MWHIX	0.10	0.01	(0.48)	(1.09)	0.00	(0.19)	0.22	(0.21)	0.65
AGDAX	0.11	0.03	(0.28)	(1.73)	0.00	(0.23)	0.29	(0.28)	0.87
CABIX	0.33	0.00	(0.19)	(0.31)	0.39	(0.37)	0.69	(0.73)	2.27
CDCRX	0.58	0.04	(0.05)	(3.53)	0.73	(0.58)	1.07	(1.12)	3.61

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