Dimensional 2060 Correlations

DRILX Fund

USD 23.91 0.12 0.50%

The current 90-days correlation between Dimensional 2060 Target and Ab Centrated International is 0.9 (i.e., Almost no diversification). The correlation of Dimensional 2060 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 2060 Correlation With Market

Poor diversification

The correlation between Dimensional 2060 Target and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2060 Target 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 2060 Target. 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 metropolitan statistical area.

Moving together with Dimensional Mutual Fund

0.99	AANTX	American Funds 2060	Pair Corr
0.99	CCKTX	American Funds 2060	Pair Corr
0.99	FAWTX	American Funds 2060	Pair Corr
1.0	FFLEX	Fidelity Freedom Index	Pair Corr
1.0	FDKLX	Fidelity Freedom Index	Pair Corr
0.99	FDKVX	Fidelity Freedom 2060	Pair Corr
0.99	FVTKX	Fidelity Freedom 2060	Pair Corr
0.98	TRRLX	T Rowe Price	Pair Corr
0.98	TRLNX	T Rowe Price	Pair Corr
0.91	FSMMX	Fs Multi Strategy	Pair Corr
0.98	BTMPX	Ishares Msci Eafe	Pair Corr
0.98	BTMKX	Blackrock International	Pair Corr
0.98	MDIIX	Blackrock Intern Index	Pair Corr
0.79	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.8	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.75	PRKAX	Prudential Real Estate	Pair Corr
0.91	SSTHX	Wells Fargo Short	Pair Corr
0.99	RMLSX	Moderate Strategy	Pair Corr
0.92	PTSRX	Short Term Fund	Pair Corr
0.85	ASPCX	Alger Spectra	Pair Corr
0.73	JACRX	James Alpha Global	Pair Corr
0.77	LGWAX	Ladenburg Growth	Pair Corr
0.93	RNPAX	New Perspective	Pair Corr
0.72	CWIAX	Capital World Growth	Pair Corr
0.94	HUSEX	Huber Capital Small	Pair Corr
1.0	IMLAX	Transamerica Asset	Pair Corr
0.9	EMDQX	Prudential Emerging	Pair Corr
0.97	RCLAX	Conservative Strategy	Pair Corr
0.99	ETFOX	Stadion Tactical Growth	Pair Corr
0.8	SHRAX	Clearbridge Aggressive	Pair Corr
0.95	RYTLX	Telecommunications Steady Growth	Pair Corr
0.91	LMMRX	Clearbridge Dividend	Pair Corr
0.88	MVRRX	Mfs Value Fund	Pair Corr

Related Correlations Analysis

	BHBFX	GNT	PAI	GLU	ASIEX	CXE	TSCPX	DLFRX	EUGDX	CIGYX
BHBFX		0.89	0.7	0.55	0.81	0.82	0.85	0.78	0.49	0.43	BHBFX
GNT	0.89		0.83	0.77	0.77	0.74	0.94	0.89	0.49	0.4	GNT
PAI	0.7	0.83		0.93	0.76	0.61	0.87	0.83	0.51	0.54	PAI
GLU	0.55	0.77	0.93		0.69	0.45	0.8	0.85	0.36	0.43	GLU
ASIEX	0.81	0.77	0.76	0.69		0.53	0.84	0.83	0.53	0.48	ASIEX
CXE	0.82	0.74	0.61	0.45	0.53		0.7	0.62	0.46	0.43	CXE
TSCPX	0.85	0.94	0.87	0.8	0.84	0.7		0.94	0.59	0.54	TSCPX
DLFRX	0.78	0.89	0.83	0.85	0.83	0.62	0.94		0.54	0.51	DLFRX
EUGDX	0.49	0.49	0.51	0.36	0.53	0.46	0.59	0.54		0.76	EUGDX
CIGYX	0.43	0.4	0.54	0.43	0.48	0.43	0.54	0.51	0.76		CIGYX
	BHBFX	GNT	PAI	GLU	ASIEX	CXE	TSCPX	DLFRX	EUGDX	CIGYX

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Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2060 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 Dimensional 2060'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
BHBFX	0.55	0.11	0.16	0.21	0.38	(0.65)	1.30	(1.05)	2.95
GNT	1.13	0.27	0.12	0.41	1.72	(1.20)	2.31	(2.02)	10.07
PAI	0.26	0.00	(0.09)	0.07	0.28	(0.28)	0.56	(0.48)	1.77
GLU	0.58	0.16	0.15	(35.70)	0.45	(0.66)	1.21	(0.89)	5.07
ASIEX	0.12	0.00	(0.24)	0.09	0.00	(0.16)	0.22	(0.22)	0.55
CXE	0.38	0.03	(0.01)	0.38	0.34	(0.51)	0.82	(0.81)	2.46
TSCPX	0.96	0.19	0.14	0.26	0.98	(1.12)	1.88	(1.71)	8.10
DLFRX	0.05	0.00	0.00	(0.04)	0.00	0.00	0.11	(0.11)	0.67
EUGDX	0.70	(0.09)	0.00	(0.05)	0.00	0.00	1.43	(1.66)	4.27
CIGYX	0.77	(0.09)	0.00	(0.05)	0.00	0.00	1.36	(2.00)	4.00

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Dimensional 2060 Correlations

Dimensional 2060 Correlation With Market

Poor diversification

Moving together with Dimensional Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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