Delaware Floating Correlations

DDFZX Fund

USD 7.86 0.01 0.13%

The current 90-days correlation between Delaware Floating Rate and T Rowe Price is 0.68 (i.e., Poor diversification). The correlation of Delaware Floating 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.

Delaware Floating Correlation With Market

Very poor diversification

The correlation between Delaware Floating Rate and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Floating Rate 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 Delaware Floating Rate. 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 nation.

Moving together with Delaware Mutual Fund

0.89	OASGX	Optimum Small Mid	Pair Corr
0.89	OASVX	Optimum Small Mid	Pair Corr
0.83	OCIEX	Optimum International	Pair Corr
0.89	OCLVX	Optimum Large Cap	Pair Corr
0.77	OCLGX	Optimum Large Cap	Pair Corr
0.9	OCSGX	Optimum Small Mid	Pair Corr
0.89	OCSVX	Optimum Small Mid	Pair Corr
0.88	DLHIX	Delaware Healthcare	Pair Corr
0.88	DLRHX	Delaware Healthcare	Pair Corr
0.89	DLTZX	Delaware Limited Term	Pair Corr
0.93	DLTRX	Delaware Limited Term	Pair Corr
0.81	DMHIX	Delaware Minnesota High	Pair Corr
0.82	DMNIX	Delaware Tax Free	Pair Corr
0.85	OIIEX	Optimum International	Pair Corr
0.89	OILVX	Optimum Large Cap	Pair Corr
0.73	DPFFX	Delaware Diversified	Pair Corr
0.86	OISGX	Optimum Small Mid	Pair Corr
0.9	OISVX	Optimum Small Mid	Pair Corr
0.81	DPRSX	Delaware Reit	Pair Corr
0.81	DPRRX	Delaware Reit	Pair Corr
0.71	DPRFX	Delaware Diversified	Pair Corr
0.81	DPRDX	Real Estate	Pair Corr
0.74	DPZRX	Delaware Diversified	Pair Corr
0.76	FICHX	First Investors Select	Pair Corr
0.85	FICGX	First Investors Select	Pair Corr
0.88	FIZRX	Delaware Opportunity	Pair Corr
0.9	DTINX	Delaware Limited Term	Pair Corr
0.91	DCCIX	Delaware Small Cap	Pair Corr
0.91	DCCRX	Delaware Small Cap	Pair Corr
0.73	DCOIX	Delaware Tax Free	Pair Corr
0.95	DUGRX	Delaware Strategic Income	Pair Corr
0.93	DULTX	Delaware Investments	Pair Corr

Moving against Delaware Mutual Fund

0.85

DMO

Western Asset Mortgage

Pair Corr

Related Correlations Analysis

	FAFMX	TRZOX	VBISX	DODLX	MBSAX	BXDCX	PACEX
FAFMX		0.69	0.65	0.69	0.58	0.71	0.82	FAFMX
TRZOX	0.69		0.87	0.79	0.87	0.95	0.89	TRZOX
VBISX	0.65	0.87		0.79	0.82	0.83	0.78	VBISX
DODLX	0.69	0.79	0.79		0.81	0.87	0.88	DODLX
MBSAX	0.58	0.87	0.82	0.81		0.87	0.84	MBSAX
BXDCX	0.71	0.95	0.83	0.87	0.87		0.94	BXDCX
PACEX	0.82	0.89	0.78	0.88	0.84	0.94		PACEX
	FAFMX	TRZOX	VBISX	DODLX	MBSAX	BXDCX	PACEX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Floating 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 Delaware Floating'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FAFMX	0.07	0.00	(0.31)	0.62	(0.14)	0.19	(0.09)	0.75
TRZOX	0.07	0.01	(0.20)	0.33	(0.24)	0.22	(0.22)	0.65
VBISX	0.09	0.00	(0.41)	0.00	(0.14)	0.29	(0.10)	0.49
DODLX	0.14	0.01	(0.22)	0.16	(0.18)	0.27	(0.27)	0.63
MBSAX	0.20	0.03	(0.09)	0.24	(0.27)	0.37	(0.37)	2.25
BXDCX	0.05	0.00	(0.37)	0.39	(0.15)	0.11	(0.11)	0.54
PACEX	0.08	0.01	(0.27)	0.98	(0.17)	0.21	(0.21)	0.75

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