International Small Correlations

DFISX Fund

USD 19.91 0.14 0.71%

The current 90-days correlation between International Small Pany and Dfa International Small is 0.98 (i.e., Almost no diversification). The correlation of International Small 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 Small Correlation With Market

Weak diversification

The correlation between International Small Pany and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Small Pany 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 Small Pany. 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 state.

Moving together with International Mutual Fund

0.96	DIHRX	Intal High Relative	Pair Corr
0.97	DILRX	Dfa International	Pair Corr
0.82	DIPSX	Dfa Inflation Protected	Pair Corr
0.99	DISVX	Dfa International Small	Pair Corr
1.0	DISMX	Dfa International	Pair Corr
0.67	DRIGX	Dimensional 2035 Target	Pair Corr
0.67	DRIBX	Dimensional 2010 Target	Pair Corr
0.81	DRIWX	Dimensional 2030 Target	Pair Corr
0.84	DRIUX	Dimensional 2025 Target	Pair Corr
0.83	DRIRX	Dimensional 2020 Target	Pair Corr
0.79	DRIQX	Dimensional 2015 Target	Pair Corr
0.97	DAADX	Dfa Emerging Markets	Pair Corr
0.73	DRXIX	Dfa Ltip Portfolio	Pair Corr
1.0	DSCLX	Dfa International Social	Pair Corr
0.72	DSFIX	Dfa Social Fixed	Pair Corr
0.7	DEMSX	Emerging Markets Small	Pair Corr
0.65	DEMGX	Emerging Markets Targeted	Pair Corr

Moving against International Mutual Fund

0.64	DNYMX	Dfa Ny Municipal	Pair Corr
0.4	DMREX	Dfa Municipal Real	Pair Corr
0.57	DFAIX	Dfa Short Duration	Pair Corr
0.54	DTCPX	Dfa Targeted Credit	Pair Corr
0.5	DAABX	Dfa Sustainability	Pair Corr
0.46	DCARX	Dfa California Municipal	Pair Corr
0.45	DUSQX	Us Lg Cap	Pair Corr
0.42	DSCGX	Dfa Small	Pair Corr
0.37	DURPX	Us High Relative	Pair Corr
0.34	DUSLX	Dfa Large	Pair Corr

Related Correlations Analysis

	DISVX	DFSCX	DFIVX	DFLVX	DFREX
DISVX		-0.44	0.98	-0.4	0.37	DISVX
DFSCX	-0.44		-0.4	0.96	-0.13	DFSCX
DFIVX	0.98	-0.4		-0.37	0.28	DFIVX
DFLVX	-0.4	0.96	-0.37		-0.16	DFLVX
DFREX	0.37	-0.13	0.28	-0.16		DFREX
	DISVX	DFSCX	DFIVX	DFLVX	DFREX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DFIVX	+ 0.98	DISVX
DFLVX	+ 0.96	DFSCX
DFREX	+ 0.37	DISVX
DFREX	+ 0.28	DFIVX

High negative correlations

DFSCX	- 0.44	DISVX
DFIVX	- 0.4	DFSCX
DFLVX	- 0.4	DISVX
DFLVX	- 0.37	DFIVX
DFREX	- 0.16	DFLVX
DFREX	- 0.13	DFSCX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Small 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 Small'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
DISVX	0.63	(0.13)	0.00	(0.19)	0.00	0.00	1.23	(1.49)	3.79
DFSCX	0.95	(0.03)	0.04	0.10	0.86	(1.10)	2.17	(1.53)	8.36
DFIVX	0.61	(0.11)	0.00	(0.17)	0.00	0.00	1.12	(1.55)	3.45
DFLVX	0.60	(0.02)	(0.03)	0.10	0.47	(0.73)	1.17	(0.87)	4.67
DFREX	0.69	0.04	(0.07)	0.55	0.81	(0.71)	1.22	(1.30)	3.57

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