Dimensional Global Correlations

DFGP Etf

54.08 0.06 0.11%

The current 90-days correlation between Dimensional Global Core and VanEck Vectors Moodys is 0.8 (i.e., Very poor diversification). The correlation of Dimensional Global 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 Global Correlation With Market

Average diversification

The correlation between Dimensional Global Core and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Global Core 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 Global Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Dimensional Etf

0.81	BNDW	Vanguard Total World	Pair Corr
0.96	BGRN	iShares USD Green	Pair Corr
0.62	FLIA	Franklin Liberty Int	Pair Corr
0.61	SHLD	Global X Funds	Pair Corr
0.69	SWP	SWP Growth Income	Pair Corr
0.65	WINN	Harbor Long Term	Pair Corr
0.67	IPAC	iShares Core MSCI	Pair Corr
0.65	FMAY	First Trust Exchange	Pair Corr
0.68	DCPE	DoubleLine Shiller CAPE	Pair Corr
0.67	DJUL	FT Cboe Vest	Pair Corr
0.67	JDIV	JP Morgan Exchange	Pair Corr
0.67	VEGI	iShares MSCI Global	Pair Corr
0.65	TOPT	iShares Trust	Pair Corr
0.71	XHYT	BondBloxx ETF Trust	Pair Corr
0.63	ARCM	Arrow Reserve Capital	Pair Corr
0.8	SWAN	Amplify BlackSwan Growth	Pair Corr
0.73	DFEV	Dimensional ETF Trust	Pair Corr
0.71	AGEM	abrdn Emerging Markets	Pair Corr
0.66	FORH	Formidable ETF	Pair Corr
0.77	WTMF	WisdomTree Managed	Pair Corr
0.68	IEFA	iShares Core MSCI	Pair Corr
0.69	UPV	ProShares Ultra FTSE	Pair Corr
0.67	XBJL	Innovator Equity Acc	Pair Corr
0.66	TOV	EA Series Trust	Pair Corr
0.66	ARKQ	ARK Autonomous Technology	Pair Corr
0.69	DMCY	Democracy International	Pair Corr
0.66	AQLT	iShares MSCI Global	Pair Corr
0.65	SMH	VanEck Semiconductor ETF	Pair Corr
0.74	MKOR	Matthews International	Pair Corr
0.68	FYC	First Trust Small	Pair Corr

Moving against Dimensional Etf

0.61	HUM	Humana Inc	Pair Corr
0.54	FNGD	MicroSectors FANG Index	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.91	0.74	0.81	0.47	0.67	0.53	0.9	-0.17	0.13	META
MSFT	0.91		0.89	0.84	0.54	0.37	0.43	0.94	-0.47	-0.17	MSFT
UBER	0.74	0.89		0.89	0.46	0.26	0.61	0.91	-0.51	-0.19	UBER
F	0.81	0.84	0.89		0.49	0.56	0.7	0.9	-0.21	0.17	F
T	0.47	0.54	0.46	0.49		0.25	0.14	0.58	-0.17	0.13	T
A	0.67	0.37	0.26	0.56	0.25		0.6	0.47	0.55	0.7	A
CRM	0.53	0.43	0.61	0.7	0.14	0.6		0.54	0.17	0.31	CRM
JPM	0.9	0.94	0.91	0.9	0.58	0.47	0.54		-0.38	0.03	JPM
MRK	-0.17	-0.47	-0.51	-0.21	-0.17	0.55	0.17	-0.38		0.72	MRK
XOM	0.13	-0.17	-0.19	0.17	0.13	0.7	0.31	0.03	0.72		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	+ 0.94	MSFT
MSFT	+ 0.91	META
JPM	+ 0.91	UBER
JPM	+ 0.9	META
JPM	+ 0.9	F
UBER	+ 0.89	MSFT

High negative correlations

MRK	- 0.51	UBER
MRK	- 0.47	MSFT
MRK	- 0.38	JPM
MRK	- 0.21	F
XOM	- 0.19	UBER
MRK	- 0.17	T

Dimensional Global Competition Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional Global 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 Global'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	2.11	0.23	0.08	0.16	2.52	(2.36)	4.23	(4.29)	21.50
MSFT	1.23	0.32	0.20	0.33	1.19	(1.34)	2.40	(2.36)	13.79
UBER	1.90	0.22	0.09	0.18	2.28	(2.09)	4.19	(3.48)	16.18
F	1.69	0.10	0.04	0.12	2.24	(1.72)	2.90	(3.84)	13.07
T	1.15	0.06	0.03	0.22	1.77	(1.16)	2.01	(2.62)	8.83
A	1.78	(0.08)	0.00	(0.05)	0.00	0.00	2.76	(4.15)	14.45
CRM	1.59	(0.12)	0.00	(0.08)	0.00	0.00	3.01	(3.64)	13.13
JPM	1.32	0.24	0.11	0.23	1.95	(1.38)	2.75	(2.12)	11.14
MRK	1.62	(0.25)	0.00	(0.34)	0.00	0.00	2.55	(4.72)	10.58
XOM	1.28	0.00	0.00	0.02	2.24	(1.20)	2.62	(2.77)	10.53

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