Dimensional Core Correlations

Etfs . USA . 
Etf . Dimensional Core Equity
DFAU Etf  USD 38.81  0.60  1.57%   
The current 90-days correlation between Dimensional Core Equity and Dimensional International Core is 0.85 (i.e., Very poor diversification). The correlation of Dimensional 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.

Dimensional Core Correlation With Market

Almost no diversification

The correlation between Dimensional Core Equity and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Core Equity and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dimensional Core Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dimensional Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500PairCorr
  1.0IVV iShares Core SPPairCorr
  0.98VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.98RSP Invesco SP 500PairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  1.0DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.98SIXD AIM ETF ProductsPairCorr
  0.88PFFL ETRACS 2xMonthly PayPairCorr
  0.96CEFD ETRACS Monthly PayPairCorr
  0.83GE GE AerospacePairCorr
  0.66WMT Walmart Aggressive PushPairCorr
  0.95DIS Walt Disney Earnings Call TodayPairCorr
  0.97BAC Bank of America Aggressive PushPairCorr
  0.73BA BoeingPairCorr
  0.81MMM 3M CompanyPairCorr
  0.9HD Home Depot Earnings Call This WeekPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr
  0.81IBM International BusinessPairCorr
  0.89AA Alcoa Corp Earnings Call This WeekPairCorr

Moving against Dimensional Etf

  0.83ULE ProShares Ultra EuroPairCorr
  0.79YCL ProShares Ultra Yen Potential GrowthPairCorr
  0.79FXY Invesco CurrencySharesPairCorr
  0.78IBND SPDR Bloomberg InterPairCorr
  0.78MYCF SPDR SSGA My2026PairCorr
  0.45PMBS PIMCO Mortgage BackedPairCorr
  0.61KO Coca ColaPairCorr
  0.6VZ Verizon Communications Aggressive PushPairCorr
  0.45MCD McDonaldsPairCorr

Related Correlations Analysis

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Dimensional Core Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional Core 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 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.

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