World Ex Correlations

Mutual Funds USA . 
Fund . World Ex Core
DFWIX Fund  USD 15.40  0.02  0.13%   
The current 90-days correlation between World Ex Core and T Rowe Price is -0.17 (i.e., Good diversification). The correlation of World Ex 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 Ex Correlation With Market

Very weak diversification

The correlation between World Ex Core and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Ex Core 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 Ex Core. 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

  0.98DIHRX Intal High RelativePairCorr
  0.97DILRX Dfa InternationalPairCorr
  0.67DIPSX Dfa Inflation ProtectedPairCorr
  1.0DISVX Dfa International SmallPairCorr
  1.0DISMX Dfa InternationalPairCorr
  0.96DMNBX Dfa Mn MunicipalPairCorr
  0.97DNYMX Dfa Ny MunicipalPairCorr
  0.93DOGMX Dfa Oregon MunicipalPairCorr
  0.99DREIX World Core EquityPairCorr
  0.99DRIIX Dimensional 2045 TargetPairCorr
  0.99DRIHX Dimensional 2040 TargetPairCorr
  0.97DRIGX Dimensional 2035 TargetPairCorr
  0.96DRIWX Dimensional 2030 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.95DRIRX Dimensional 2020 TargetPairCorr
  0.96DRIQX Dimensional 2015 TargetPairCorr
  0.99DRILX Dimensional 2060 TargetPairCorr
  0.99DRIKX Dimensional 2055 TargetPairCorr
  0.99DRIJX Dimensional 2050 TargetPairCorr
  0.99DAADX Dfa Emerging MarketsPairCorr
  0.94DAABX Dfa SustainabilityPairCorr
  1.0DSCLX Dfa International SocialPairCorr
  0.95DSCGX Dfa SmallPairCorr
  0.99DSHGX Dfa Selectively HedgedPairCorr
  0.92DSSMX Dfa Selective StatePairCorr
  0.97DTCPX Dfa Targeted CreditPairCorr
  0.99DTDRX Dimensional 2065 TargetPairCorr
  0.92DCARX Dfa California MunicipalPairCorr
  0.93DCIBX Dfa Ca IntPairCorr
  0.62DCMSX Dfa Commodity StrategyPairCorr
  0.98DURPX Us High RelativePairCorr
  0.98DUSQX Us Lg CapPairCorr
  0.98DUSLX Dfa LargePairCorr
  0.99DEMSX Emerging Markets SmallPairCorr
  0.99DEMGX Emerging Markets TargetedPairCorr
  0.99DESIX Emerging Markets SusPairCorr
  0.74DFAPX Dfa Investment GradePairCorr
  0.92DFAIX Dfa Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between World Mutual Fund performing well and World Ex 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 Ex'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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