International Core Correlations

Mutual Funds . USA . 
Fund . International E Equity
DFIEX Fund  USD 18.34  0.19  1.05%   
The current 90-days correlation between International E Equity and Emerging Markets E is 0.12 (i.e., Average diversification). The correlation of International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

International Core Correlation With Market

Poor diversification

The correlation between International E Equity and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International E Equity 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 International E Equity. 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 income.

Moving together with International Mutual Fund

  1.0DIHRX Intal High RelativePairCorr
  1.0DILRX Dfa InternationalPairCorr
  1.0DISVX Dfa International SmallPairCorr
  0.99DISMX Dfa InternationalPairCorr
  0.71DMNBX Dfa Mn MunicipalPairCorr
  0.77DNYMX Dfa Ny MunicipalPairCorr
  0.96DREIX World Core EquityPairCorr
  0.96DRIIX Dimensional 2045 TargetPairCorr
  0.92DRIHX Dimensional 2040 TargetPairCorr
  0.85DRIGX Dimensional 2035 TargetPairCorr
  0.77DRIWX Dimensional 2030 TargetPairCorr
  0.73DRIUX Dimensional 2025 TargetPairCorr
  0.81DRIRX Dimensional 2020 TargetPairCorr
  0.89DRIQX Dimensional 2015 TargetPairCorr
  0.96DRILX Dimensional 2060 TargetPairCorr
  0.96DRIKX Dimensional 2055 TargetPairCorr
  0.96DRIJX Dimensional 2050 TargetPairCorr
  0.94DAADX Dfa Emerging MarketsPairCorr
  0.8DAABX Dfa SustainabilityPairCorr
  1.0DSCLX Dfa International SocialPairCorr
  0.89DSCGX Dfa SmallPairCorr
  0.94DSHGX Dfa Selectively HedgedPairCorr
  0.9DTCPX Dfa Targeted CreditPairCorr
  0.95DTDRX Dimensional 2065 TargetPairCorr
  0.61DCARX Dfa California MunicipalPairCorr
  0.91DURPX Us High RelativePairCorr
  0.92DUSQX Us Lg CapPairCorr
  0.93DUSLX Dfa LargePairCorr
  0.97DEMSX Emerging Markets SmallPairCorr
  0.96DEMGX Emerging Markets TargetedPairCorr
  0.96DESIX Emerging Markets SusPairCorr

Moving against International Mutual Fund

  0.53DRXIX Dfa Ltip PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Core 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 International 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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