Dfa Municipal Correlations

DMREX Fund

USD 10.70 0.01 0.09%

The current 90-days correlation between Dfa Municipal Real and Qs Large Cap is 0.11 (i.e., Average diversification). The correlation of Dfa Municipal 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.

Dfa Municipal Correlation With Market

Good diversification

The correlation between Dfa Municipal Real and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Municipal Real 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 Dfa Municipal Real. 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 american community survey.

Moving together with Dfa Mutual Fund

0.62	DIHRX	Intal High Relative	Pair Corr
0.76	DISVX	Dfa International Small	Pair Corr
0.73	DISMX	Dfa International	Pair Corr
0.71	DMNBX	Dfa Mn Municipal	Pair Corr
0.71	DREIX	World Core Equity	Pair Corr
0.61	DRIHX	Dimensional 2040 Target	Pair Corr
0.82	DRIGX	Dimensional 2035 Target	Pair Corr
0.81	DRIWX	Dimensional 2030 Target	Pair Corr
0.75	DRIUX	Dimensional 2025 Target	Pair Corr
0.76	DRIRX	Dimensional 2020 Target	Pair Corr
0.86	DRIQX	Dimensional 2015 Target	Pair Corr
0.72	DRIKX	Dimensional 2055 Target	Pair Corr
0.61	DRIJX	Dimensional 2050 Target	Pair Corr
0.85	DAABX	Dfa Sustainability	Pair Corr
0.71	DSCLX	Dfa International Social	Pair Corr
0.61	DSCGX	Dfa Small	Pair Corr
0.83	DSHGX	Dfa Selectively Hedged	Pair Corr
0.93	DCARX	Dfa California Municipal	Pair Corr

Moving against Dfa Mutual Fund

0.55	DIPSX	Dfa Inflation Protected	Pair Corr
0.8	DWFIX	Dfa World Ex	Pair Corr
0.67	DRXIX	Dfa Ltip Portfolio	Pair Corr
0.58	DTCPX	Dfa Targeted Credit	Pair Corr

Related Correlations Analysis

	LMUSX	DFLVX	NBPBX	YAFFX	UTDLX	SGGAX	IPEAX
LMUSX		0.89	0.93	0.92	0.91	0.88	0.87	LMUSX
DFLVX	0.89		0.92	0.83	0.95	0.87	0.85	DFLVX
NBPBX	0.93	0.92		0.95	0.94	0.93	0.83	NBPBX
YAFFX	0.92	0.83	0.95		0.82	0.92	0.69	YAFFX
UTDLX	0.91	0.95	0.94	0.82		0.83	0.93	UTDLX
SGGAX	0.88	0.87	0.93	0.92	0.83		0.7	SGGAX
IPEAX	0.87	0.85	0.83	0.69	0.93	0.7		IPEAX
	LMUSX	DFLVX	NBPBX	YAFFX	UTDLX	SGGAX	IPEAX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Municipal 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 Dfa Municipal'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
LMUSX	0.62	0.04	0.02	0.12	0.79	(0.61)	1.56	(1.35)	4.05
DFLVX	0.58	0.07	0.01	0.53	0.66	(0.65)	1.21	(1.05)	3.12
NBPBX	0.66	0.14	0.18	0.24	0.41	(0.82)	1.41	(1.12)	6.38
YAFFX	0.72	0.35	0.39	1.24	0.00	(0.90)	1.21	(1.00)	13.40
UTDLX	0.58	0.02	0.01	0.09	0.64	(0.68)	1.22	(1.08)	3.08
SGGAX	1.12	0.34	0.19	(1.92)	0.86	(1.21)	2.00	(1.95)	22.54
IPEAX	0.59	0.01	0.00	0.09	0.67	(0.64)	1.34	(0.96)	2.70

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC