Dimensional Core Correlations

Etfs . USA . 
Etf . Dimensional Core Equity
DFAC Etf  USD 36.53  0.01  0.03%   
The current 90-days correlation between Dimensional Core Equity and Dimensional Targeted Value is 0.85 (i.e., Very poor diversification). The correlation of Dimensional 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.

Dimensional Core Correlation With Market

Almost no diversification

The correlation between Dimensional Core Equity and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Core Equity and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dimensional Core Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dimensional Etf

  1.0VTI Vanguard Total Stock Sell-off TrendPairCorr
  1.0SPY SPDR SP 500 Sell-off TrendPairCorr
  1.0IVV iShares Core SP Sell-off TrendPairCorr
  0.69VIG Vanguard DividendPairCorr
  0.68VV Vanguard Large CapPairCorr
  0.69RSP Invesco SP 500 Sell-off TrendPairCorr
  0.67IWB iShares Russell 1000PairCorr
  0.68ESGU iShares ESG AwarePairCorr
  0.68SPLG SPDR Portfolio SP Sell-off TrendPairCorr
  0.99VTV Vanguard Value IndexPairCorr
  0.99VUG Vanguard Growth IndexPairCorr
  1.0VO Vanguard Mid CapPairCorr
  0.96VEA Vanguard FTSE DevelopedPairCorr
  0.99VB Vanguard Small CapPairCorr
  0.9VABS Virtus Newfleet ABSMBSPairCorr
  0.83KGRN KraneShares MSCI ChinaPairCorr
  0.69EUSB iShares TrustPairCorr
  1.0BUFD FT Cboe VestPairCorr
  0.96DIS Walt DisneyPairCorr
  0.93AA Alcoa CorpPairCorr
  0.93MMM 3M CompanyPairCorr
  0.83CVX Chevron CorpPairCorr
  0.87PFE Pfizer IncPairCorr
  0.92DD Dupont De NemoursPairCorr
  0.97CSCO Cisco SystemsPairCorr
  0.98BAC Bank of AmericaPairCorr
  0.98CAT CaterpillarPairCorr
  0.98JPM JPMorgan ChasePairCorr
  0.79INTC Intel Earnings Call This WeekPairCorr

Moving against Dimensional Etf

  0.65MCD McDonaldsPairCorr
  0.51PG Procter GamblePairCorr
  0.36VZ Verizon Communications Earnings Call TomorrowPairCorr

Related Correlations Analysis

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Dimensional Core Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional Core 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 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.

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