Dimensional 2015 Correlations

DRIQX Fund

USD 11.73 0.02 0.17%

The current 90-days correlation between Dimensional 2015 Target and Small Cap Growth Profund is 0.65 (i.e., Poor diversification). The correlation of Dimensional 2015 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 2015 Correlation With Market

Poor diversification

The correlation between Dimensional 2015 Target and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2015 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 2015 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 employment.

Moving together with Dimensional Mutual Fund

0.75	DIHRX	Intal High Relative	Pair Corr
0.84	DREIX	World Core Equity	Pair Corr
0.65	DRIIX	Dimensional 2045 Target	Pair Corr
0.97	DRIGX	Dimensional 2035 Target	Pair Corr
0.98	DRIWX	Dimensional 2030 Target	Pair Corr
0.99	DRIRX	Dimensional 2020 Target	Pair Corr
0.84	DRILX	Dimensional 2060 Target	Pair Corr
0.63	DRIKX	Dimensional 2055 Target	Pair Corr
0.85	DRIJX	Dimensional 2050 Target	Pair Corr
0.75	DAADX	Dfa Emerging Markets	Pair Corr
0.81	DSFIX	Dfa Social Fixed	Pair Corr
0.61	DTCPX	Dfa Targeted Credit	Pair Corr
0.82	DUSQX	Us Lg Cap	Pair Corr
0.64	DWFIX	Dfa World Ex	Pair Corr
0.65	DFAPX	Dfa Investment Grade	Pair Corr
0.73	DFCEX	Emerging Markets E	Pair Corr

Moving against Dimensional Mutual Fund

0.43	DMREX	Dfa Municipal Real	Pair Corr
0.39	DCARX	Dfa California Municipal	Pair Corr

Related Correlations Analysis

	SGPIX	UMPIX	SVPSX	UAPIX
SGPIX		0.92	0.62	0.84	SGPIX
UMPIX	0.92		0.59	0.65	UMPIX
SVPSX	0.62	0.59		0.58	SVPSX
UAPIX	0.84	0.65	0.58		UAPIX
	SGPIX	UMPIX	SVPSX	UAPIX

Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2015 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 2015'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
SGPIX	0.81	(0.07)	(0.05)	0.01	1.01	(0.83)	2.09	(1.52)	5.21
UMPIX	1.45	(0.12)	(0.02)	0.01	1.99	(1.44)	3.24	(3.18)	8.93
SVPSX	0.94	0.06	0.00	0.54	1.09	(0.99)	2.08	(2.08)	5.65
UAPIX	1.93	(0.02)	0.04	0.06	2.48	(1.95)	4.28	(3.95)	11.10

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