Dimensional ETF Correlations

DCOR Etf

73.25 0.49 0.67%

The current 90-days correlation between Dimensional ETF Trust and Strategy Shares is 0.79 (i.e., Poor 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

Average diversification

The correlation between Dimensional ETF Trust and DJI is 0.12 (i.e., Average 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.

Build AI portfolio with Dimensional Etf

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 producer price index.

Moving together with Dimensional Etf

0.87	VTI	Vanguard Total Stock	Pair Corr
0.88	SPY	SPDR SP 500	Pair Corr
0.88	IVV	iShares Core SP	Pair Corr
0.79	VIG	Vanguard Dividend	Pair Corr
0.88	VV	Vanguard Large Cap	Pair Corr
0.64	RSP	Invesco SP 500	Pair Corr
0.88	IWB	iShares Russell 1000	Pair Corr
0.96	ESGU	iShares ESG Aware	Pair Corr
1.0	DFAC	Dimensional Core Equity	Pair Corr
0.98	UPRO	ProShares UltraPro SP500	Pair Corr
0.8	QTJA	Innovator ETFs Trust	Pair Corr
0.88	QTOC	Innovator ETFs Trust	Pair Corr
0.93	XTOC	Innovator ETFs Trust	Pair Corr
0.92	QTAP	Innovator Growth 100	Pair Corr
0.86	XTJA	Innovator ETFs Trust	Pair Corr
0.92	XTAP	Innovator Equity Acc	Pair Corr
0.79	TCAI	Tortoise Capital Series	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.74	INTC	Intel Buyout Trend	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.71	AXP	American Express	Pair Corr
0.78	IBM	International Business	Pair Corr

Moving against Dimensional Etf

0.63	T	ATT Inc	Pair Corr
0.58	VZ	Verizon Communications	Pair Corr
0.43	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		0.32	0.88	0.42	-0.64	-0.22	0.53	0.42	0.19	DHSB
MBOX	0.32		0.15	0.72	-0.01	0.03	0.56	0.15	0.62	MBOX
DIEM	0.88	0.15		0.37	-0.71	-0.31	0.36	0.44	-0.05	DIEM
MCHI	0.42	0.72	0.37		-0.36	0.12	0.55	0.11	0.45	MCHI
DIPS	-0.64	-0.01	-0.71	-0.36		-0.06	-0.19	-0.09	0.2	DIPS
DISO	-0.22	0.03	-0.31	0.12	-0.06		0.13	-0.27	0.08	DISO
DIVB	0.53	0.56	0.36	0.55	-0.19	0.13		0.59	0.79	DIVB
DIVD	0.42	0.15	0.44	0.11	-0.09	-0.27	0.59		0.37	DIVD
DIVG	0.19	0.62	-0.05	0.45	0.2	0.08	0.79	0.37		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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

DIEM	+ 0.88	DHSB
DIVG	+ 0.79	DIVB
MCHI	+ 0.72	MBOX
DIVG	+ 0.62	MBOX
DIVD	+ 0.59	DIVB
DIVB	+ 0.56	MBOX

High negative correlations

DIPS	- 0.71	DIEM
DIPS	- 0.64	DHSB
DIPS	- 0.36	MCHI
DISO	- 0.31	DIEM
DIVD	- 0.27	DISO
DISO	- 0.22	DHSB

Dimensional ETF Constituents 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
DHSB	0.15	0.01	(0.15)	1.25	0.19	(0.16)	0.39	(0.43)	1.12
MBOX	0.52	0.02	(0.06)	0.19	0.60	(0.61)	1.17	(1.08)	3.23
DIEM	0.60	0.08	0.02	1.05	0.85	(0.59)	1.14	(1.19)	4.59
MCHI	1.02	0.00	(0.01)	0.06	1.40	(1.05)	1.74	(1.66)	8.40
DIPS	1.42	0.12	0.01	(0.10)	1.97	(1.46)	3.39	(3.20)	8.89
DISO	0.88	(0.17)	0.00	(0.10)	0.00	0.00	1.66	(1.46)	8.66
DIVB	0.52	(0.03)	(0.05)	0.03	0.69	(0.51)	1.04	(1.07)	3.36
DIVD	0.48	0.01	(0.02)	0.08	0.47	(0.55)	1.26	(0.85)	2.82
DIVG	0.52	(0.03)	(0.07)	0.02	0.69	(0.52)	0.97	(1.17)	2.82

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