Dimensional 2045 Correlations

Mutual Funds . USA . 
Fund . Dimensional 2045 Target
DRIIX Fund  USD 18.71  0.13  0.69%   
The current 90-days correlation between Dimensional 2045 Target and Vanguard Target Retirement is 0.97 (i.e., Almost no diversification). The correlation of Dimensional 2045 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 2045 Correlation With Market

Significant diversification

The correlation between Dimensional 2045 Target and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2045 Target 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 Dimensional 2045 Target. 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 Dimensional Mutual Fund

  0.95DIHRX Intal High RelativePairCorr
  0.94DILRX Dfa InternationalPairCorr
  0.96DISVX Dfa International SmallPairCorr
  0.95DISMX Dfa InternationalPairCorr
  0.69DMREX Dfa Municipal RealPairCorr
  0.99DREIX World Core EquityPairCorr
  0.97DRIHX Dimensional 2040 TargetPairCorr
  0.89DRIGX Dimensional 2035 TargetPairCorr
  0.8DRIBX Dimensional 2010 TargetPairCorr
  0.82DRIWX Dimensional 2030 TargetPairCorr
  0.76DRIUX Dimensional 2025 TargetPairCorr
  0.77DRIRX Dimensional 2020 TargetPairCorr
  0.8DRIQX Dimensional 2015 TargetPairCorr
  1.0DRILX Dimensional 2060 TargetPairCorr
  1.0DRIKX Dimensional 2055 TargetPairCorr
  1.0DRIJX Dimensional 2050 TargetPairCorr
  0.93DAADX Dfa Emerging MarketsPairCorr
  0.97DSCLX Dfa International SocialPairCorr
  0.76DSCGX Dfa SmallPairCorr
  0.98DSHGX Dfa Selectively HedgedPairCorr
  0.92DTDRX Dimensional 2065 TargetPairCorr
  0.66DCARX Dfa California MunicipalPairCorr
  0.62DCMSX Dfa Commodity StrategyPairCorr
  0.97DURPX Us High RelativePairCorr
  0.99DUSQX Us Lg CapPairCorr
  0.96DUSLX Dfa LargePairCorr
  0.87DEMSX Emerging Markets SmallPairCorr
  0.8DESIX Emerging Markets SusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2045 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 Dimensional 2045'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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