Dimensional World ex U.S. Core Equity 2 ETF (DFAX) — Stock Correlations & Overview
Over the past year, DFAX has moved most closely with IXUS, AVNM, ACWX. Explore the stocks most correlated and inversely correlated with DFAX below, along with its price, financials, and company profile.
Stocks correlated with DFAX
Correlation of daily returns. Higher positive values move with DFAX; negative values move opposite it. Informational only, not investment advice.
Most correlated with DFAX
| Symbol | Company | Correlation |
|---|---|---|
| IXUS | iShares Core MSCI Total International Stock ETF | 0.98 |
| AVNM | Avantis All International Markets Equity ETF | 0.98 |
| ACWX | iShares MSCI ACWI ex US ETF | 0.98 |
| VXUS | Vanguard Total International Stock ETF | 0.98 |
| VEU | Vanguard FTSE All-World Ex-US ETF | 0.98 |
Most inversely correlated with DFAX
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.92 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.92 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.92 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.92 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.89 |
Frequently asked questions about DFAX correlations
- Which stocks are most correlated with DFAX?
- Based on one year of daily returns, the stocks most correlated with Dimensional World ex U.S. Core Equity 2 ETF (DFAX) are IXUS (0.98), AVNM (0.98) and ACWX (0.98). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DFAX?
- Over the past year, the stocks most inversely correlated with Dimensional World ex U.S. Core Equity 2 ETF (DFAX) are EEV (-0.92), EUM (-0.92) and EDZ (-0.92). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DFAX correlations calculated?
- We compute the correlation of daily returns between DFAX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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