World Core Correlations

DREIX Fund

USD 28.75 0.12 0.42%

The current 90-days correlation between World Core Equity and Hennessy Bp Energy is 0.09 (i.e., Significant 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

Significant diversification

The correlation between World Core Equity and DJI is 0.09 (i.e., Significant 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

0.64	DIHRX	Intal High Relative	Pair Corr
0.87	DILRX	Dfa International	Pair Corr
0.99	DRIIX	Dimensional 2045 Target	Pair Corr
0.87	DAADX	Dfa Emerging Markets	Pair Corr
0.94	DSCLX	Dfa International Social	Pair Corr
0.73	DTDRX	Dimensional 2065 Target	Pair Corr
0.79	DUSLX	Dfa Large	Pair Corr
0.67	DFALX	Large Cap International	Pair Corr
0.91	DFCEX	Emerging Markets E	Pair Corr
0.91	DFESX	Dfa Emerging Markets	Pair Corr
0.73	DFELX	Enhanced Large Pany	Pair Corr
0.92	DFVQX	Dfa International Vector	Pair Corr
0.98	FCWGX	American Funds Capital	Pair Corr
0.98	FWCGX	American Funds Capital	Pair Corr
0.98	CWGIX	Capital World Growth	Pair Corr
0.98	CWGFX	Capital World Growth	Pair Corr
0.98	CWGCX	Capital World Growth	Pair Corr
0.98	RWIFX	Capital World Growth	Pair Corr
0.98	CWICX	Capital World Growth	Pair Corr
0.98	RWIAX	Capital World Growth	Pair Corr
0.98	CWIAX	Capital World Growth	Pair Corr
0.98	WGIFX	Capital World Growth	Pair Corr
0.73	CII	Blackrock Enhanced	Pair Corr
0.93	ETV	Eaton Vance Tax	Pair Corr

Moving against World Mutual Fund

0.46	DMREX	Dfa Municipal Real	Pair Corr
0.32	USA	Liberty All Star	Pair Corr

Related Correlations Analysis

	HNRGX	IGNAX	GMOWX	VENAX	GRHAX
HNRGX		0.52	0.76	0.83	0.4	HNRGX
IGNAX	0.52		0.81	0.26	0.77	IGNAX
GMOWX	0.76	0.81		0.47	0.52	GMOWX
VENAX	0.83	0.26	0.47		0.14	VENAX
GRHAX	0.4	0.77	0.52	0.14		GRHAX
	HNRGX	IGNAX	GMOWX	VENAX	GRHAX

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
HNRGX	0.89	0.09	0.03	(0.77)	1.15	(0.86)	1.72	(1.58)	5.60
IGNAX	0.81	0.14	0.10	0.22	1.11	(0.83)	1.62	(2.10)	5.41
GMOWX	0.97	0.10	0.07	0.17	1.10	(1.06)	2.02	(1.83)	5.52
VENAX	0.88	0.04	(0.02)	(0.12)	1.18	(0.85)	1.65	(1.87)	4.81
GRHAX	1.33	0.27	0.11	(1.79)	1.79	(1.38)	2.61	(3.38)	7.72

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