World Ex Correlations

Mutual Funds . USA . 
Fund . World Ex Core
DFWIX Fund  USD 17.46  0.07  0.40%   
The current 90-days correlation between World Ex Core and Transamerica Intermediate Muni is 0.23 (i.e., Modest 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

Poor diversification

The correlation between World Ex Core and DJI is 0.71 (i.e., Poor 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

  0.99DIHRX Intal High RelativePairCorr
  0.94DILRX Dfa InternationalPairCorr
  0.94DISVX Dfa International SmallPairCorr
  0.94DISMX Dfa InternationalPairCorr
  0.91DMNBX Dfa Mn MunicipalPairCorr
  0.86DMREX Dfa Municipal RealPairCorr
  0.87DNYMX Dfa Ny MunicipalPairCorr
  0.91DOGMX Dfa Oregon MunicipalPairCorr
  0.96DREIX World Core EquityPairCorr
  0.97DRIIX Dimensional 2045 TargetPairCorr
  0.96DRIHX Dimensional 2040 TargetPairCorr
  0.92DRIGX Dimensional 2035 TargetPairCorr
  0.9DRIWX Dimensional 2030 TargetPairCorr
  0.89DRIUX Dimensional 2025 TargetPairCorr
  0.89DRIRX Dimensional 2020 TargetPairCorr
  0.89DRIQX Dimensional 2015 TargetPairCorr
  0.97DRILX Dimensional 2060 TargetPairCorr
  0.97DRIKX Dimensional 2055 TargetPairCorr
  0.97DRIJX Dimensional 2050 TargetPairCorr
  0.89DAADX Dfa Emerging MarketsPairCorr
  0.9DAABX Dfa SustainabilityPairCorr
  0.98DSCLX Dfa International SocialPairCorr
  0.85DSCGX Dfa SmallPairCorr
  0.98DSHGX Dfa Selectively HedgedPairCorr
  0.87DSSMX Dfa Selective StatePairCorr
  0.91DTDRX Dimensional 2065 TargetPairCorr
  0.85DCARX Dfa California MunicipalPairCorr
  0.87DCIBX Dfa Ca IntPairCorr
  0.83DCMSX Dfa Commodity StrategyPairCorr
  0.82DURPX Us High RelativePairCorr
  0.89DUSQX Us Lg CapPairCorr
  0.64DEMSX Emerging Markets SmallPairCorr
  0.86DEMGX Emerging Markets TargetedPairCorr
  0.8DESIX Emerging Markets SusPairCorr

Moving against World Mutual Fund

  0.35DIPSX Dfa Inflation ProtectedPairCorr
  0.71DFAAX Dfa Global CorePairCorr
  0.59DRXIX Dfa Ltip PortfolioPairCorr
  0.58DWFIX Dfa World ExPairCorr

Related Correlations Analysis


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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