Dimensional 2050 Correlations

Mutual Funds . USA . 
Fund . Dimensional 2050 Target
DRIJX Fund  USD 21.19  0.23  1.10%   
The current 90-days correlation between Dimensional 2050 Target and Dimensional 2040 Target is 0.92 (i.e., Almost no diversification). The correlation of Dimensional 2050 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 2050 Correlation With Market

Good diversification

The correlation between Dimensional 2050 Target and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2050 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 2050 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 inflation.

Moving together with Dimensional Mutual Fund

  0.62VFIFX Vanguard Target RetiPairCorr
  0.92AALTX American Funds 2050PairCorr
  0.99CCITX American Funds 2050PairCorr
  0.91FAITX American Funds 2050PairCorr
  0.98FFFHX Fidelity Freedom 2050PairCorr
  1.0FZTKX Fidelity Freedom 2050PairCorr
  0.9FRLPX Fidelity Freedom IndexPairCorr
  0.91TRJLX T Rowe PricePairCorr
  1.0FIPFX Fidelity Freedom IndexPairCorr
  0.61ERH Allspring Utilities AndPairCorr
  0.7WHIYX Ivy High IncomePairCorr
  0.72IVHIX Ivy High IncomePairCorr
  0.74IHIFX Ivy High IncomePairCorr
  0.7WRHIX Ivy High IncomePairCorr
  0.7WHIAX Ivy High IncomePairCorr
  0.65GUT Gabelli Utility ClosedPairCorr
  0.91TRTFX T Rowe PricePairCorr
  0.91PCUZX T Rowe PricePairCorr
  0.88VSMIX Invesco Small CapPairCorr
  0.86GCECX Ab Global EPairCorr
  0.97GMRIX Nationwide Small CapPairCorr
  0.89LSITX Clearbridge Large CapPairCorr
  0.98NVLIX Nuveen Winslow LargePairCorr
  0.98VEIRX Vanguard Equity IncomePairCorr
  0.97ASPGX Astor Star FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2050 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 2050'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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