Dimensional ETF Correlations

DFEV Etf

USD 30.57 0.10 0.33%

The current 90-days correlation between Dimensional ETF Trust and Dimensional ETF Trust is 0.59 (i.e., Very weak 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

Very weak diversification

The correlation between Dimensional ETF Trust and DJI is 0.42 (i.e., Very weak 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.

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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 income.

Moving together with Dimensional Etf

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.89	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.99	USD	ProShares Ultra Semi	Pair Corr
0.99	TECL	Direxion Daily Technology	Pair Corr
0.99	ROM	ProShares Ultra Tech	Pair Corr
0.98	QLD	ProShares Ultra QQQ	Pair Corr
0.99	SMH	VanEck Semiconductor ETF	Pair Corr
0.99	SOXX	iShares Semiconductor ETF Sell-off Trend	Pair Corr
0.98	SPXL	Direxion Daily SP500	Pair Corr
0.98	UPRO	ProShares UltraPro SP500	Pair Corr
0.62	IBM	International Business Earnings Call This Week	Pair Corr
0.62	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.75	0.55	0.78	0.44	0.73	0.21	0.7	0.13	0.39	META
MSFT	0.75		0.88	0.55	0.61	0.91	0.33	0.96	0.24	0.59	MSFT
UBER	0.55	0.88		0.55	0.51	0.82	0.55	0.9	0.22	0.56	UBER
F	0.78	0.55	0.55		0.26	0.6	0.21	0.6	0.32	0.5	F
T	0.44	0.61	0.51	0.26		0.57	0.18	0.6	0.3	0.25	T
A	0.73	0.91	0.82	0.6	0.57		0.2	0.91	0.33	0.7	A
CRM	0.21	0.33	0.55	0.21	0.18	0.2		0.28	-0.25	-0.05	CRM
JPM	0.7	0.96	0.9	0.6	0.6	0.91	0.28		0.32	0.67	JPM
MRK	0.13	0.24	0.22	0.32	0.3	0.33	-0.25	0.32		0.55	MRK
XOM	0.39	0.59	0.56	0.5	0.25	0.7	-0.05	0.67	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.96	MSFT
A	+ 0.91	MSFT
JPM	+ 0.91	A
JPM	+ 0.9	UBER
UBER	+ 0.88	MSFT
A	+ 0.82	UBER

High negative correlations

MRK	- 0.25	CRM
XOM	- 0.05	CRM

Dimensional ETF Competition 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
META	1.53	0.37	0.29	0.47	0.85	(1.86)	3.99	(2.00)	10.48
MSFT	0.91	0.29	0.25	0.49	0.51	(1.11)	2.33	(1.08)	8.85
UBER	1.66	0.22	0.14	0.37	1.43	(2.11)	4.19	(2.54)	10.87
F	1.31	0.16	0.07	0.36	1.47	(1.43)	2.69	(2.33)	7.22
T	1.06	(0.02)	(0.08)	0.11	1.33	(1.11)	2.35	(2.35)	5.71
A	1.56	0.17	(0.03)	(0.22)	2.16	(1.57)	2.54	(3.38)	12.09
CRM	1.36	(0.13)	(0.05)	0.06	1.74	(1.34)	2.95	(3.19)	9.31
JPM	0.95	0.20	0.18	0.39	0.64	(1.09)	2.28	(1.36)	7.15
MRK	1.37	(0.04)	(0.02)	0.12	1.84	(1.34)	2.88	(3.31)	10.58
XOM	1.19	0.13	(0.03)	(0.97)	1.58	(1.18)	2.62	(2.58)	6.25

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