Dimensional Global Core Plus Fixed Income ETF (DFGP) — Stock Correlations & Overview
Over the past year, DFGP has moved most closely with DFSB, DGCB, DFCF. Explore the stocks most correlated and inversely correlated with DFGP below, along with its price, financials, and company profile.
Stocks correlated with DFGP
Correlation of daily returns. Higher positive values move with DFGP; negative values move opposite it. Informational only, not investment advice.
Most correlated with DFGP
| Symbol | Company | Correlation |
|---|---|---|
| DFSB | Dimensional Global Sustainability Fixed Income ETF | 0.97 |
| DGCB | Dimensional Global Credit ETF | 0.97 |
| DFCF | Dimensional Core Fixed Income ETF | 0.90 |
| DFGX | Dimensional ETF Trust Dimensional International Core Fixed Income ETF | 0.88 |
| DFSD | Dimensional Short-Duration Fixed Income ETF | 0.85 |
Most inversely correlated with DFGP
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.74 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.74 |
| TBX | ProShares Short 7-10 Year Treasury | -0.73 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.70 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.69 |
Frequently asked questions about DFGP correlations
- Which stocks are most correlated with DFGP?
- Based on one year of daily returns, the stocks most correlated with Dimensional Global Core Plus Fixed Income ETF (DFGP) are DFSB (0.97), DGCB (0.97) and DFCF (0.90). 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 DFGP?
- Over the past year, the stocks most inversely correlated with Dimensional Global Core Plus Fixed Income ETF (DFGP) are TYO (-0.74), PST (-0.74) and TBX (-0.73). 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 DFGP correlations calculated?
- We compute the correlation of daily returns between DFGP 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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