Delaware Wealth Correlations
| DDIIX Fund | USD 15.84 0.01 0.06% |
The correlation of Delaware Wealth 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 Wealth Correlation With Market
Significant diversification
The correlation between Delaware Wealth Builder and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Wealth Builder and DJI in the same portfolio, assuming nothing else is changed.
Delaware |
Moving together with Delaware Mutual Fund
| 0.73 | FBONX | American Funds American | PairCorr |
| 0.72 | FBAFX | American Funds American | PairCorr |
| 0.73 | ABALX | American Balanced | PairCorr |
| 0.73 | BALCX | American Balanced | PairCorr |
| 0.73 | BALFX | American Balanced | PairCorr |
| 0.73 | RLBCX | American Balanced | PairCorr |
| 0.73 | RLBBX | American Balanced | PairCorr |
| 0.72 | CLBAX | American Balanced | PairCorr |
| 0.73 | CLBEX | American Balanced | PairCorr |
| 0.73 | RLBFX | American Balanced | PairCorr |
| 0.68 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.68 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.68 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.68 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.68 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.68 | VITSX | Vanguard Total Stock | PairCorr |
| 0.68 | VFINX | Vanguard 500 Index | PairCorr |
| 0.68 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.67 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.66 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Delaware Mutual Fund
| 0.37 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.32 | KO | Coca Cola Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Delaware Mutual Fund performing well and Delaware Wealth 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 Wealth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XDDFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XDEWX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DHIRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DHOIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DHOCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DHOAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XVCFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XVFLX | 0.33 | (0.01) | (0.16) | (0.06) | 0.58 | 0.67 | 3.44 | |||
| XDWIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |