Delaware Extended Correlations

DEEAX Fund

USD 14.07 0.04 0.29%

The current 90-days correlation between Delaware Extended and Ivy Asset Strategy is -0.17 (i.e., Good diversification). The correlation of Delaware Extended 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 Extended Correlation With Market

Weak diversification

The correlation between Delaware Extended Duration and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Extended Duration 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 Extended Duration. 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

0.99	DEECX	Delaware Extended	Pair Corr
0.97	VWETX	Vanguard Long Term	Pair Corr
0.85	VBLAX	Vanguard Long Term	Pair Corr
0.97	VWESX	Vanguard Long Term	Pair Corr
0.86	VBLLX	Vanguard Long Term	Pair Corr
0.85	VBLIX	Vanguard Long Term	Pair Corr
0.98	SLDAX	Siit Long Duration	Pair Corr
0.98	VLTCX	Vanguard Long Term	Pair Corr

Moving against Delaware Mutual Fund

0.73	DDFAX	Delaware Floating Rate	Pair Corr
0.7	DDFCX	Delaware Floating Rate	Pair Corr
0.55	DLHCX	Delaware Healthcare	Pair Corr
0.54	DLHAX	Delaware Healthcare	Pair Corr
0.52	FGINX	First Investors Growth	Pair Corr
0.49	FIUSX	First Investors Oppo	Pair Corr
0.47	WSGAX	Ivy Small Cap	Pair Corr
0.47	IRSAX	Ivy Advantus Real	Pair Corr
0.43	WCEAX	Ivy E Equity	Pair Corr
0.43	IPOAX	Ivy Emerging Markets	Pair Corr
0.43	IVINX	Ivy Global Growth	Pair Corr
0.43	IEYAX	Ivy Energy Fund	Pair Corr
0.43	DTICX	Delaware Limited Term	Pair Corr
0.42	IVOAX	Ivy Mid Cap	Pair Corr
0.41	IGNAX	Ivy Natural Resources	Pair Corr
0.4	IVIAX	Ivy International	Pair Corr
0.35	WLGAX	Ivy Large Cap	Pair Corr
0.35	DCCCX	Delaware Small Cap	Pair Corr
0.59	DEDCX	Delaware Emerging Markets	Pair Corr
0.5	DEVCX	Delaware Small Cap	Pair Corr
0.47	DEMCX	Delaware Emerging Markets Steady Growth	Pair Corr
0.47	DEMAX	Delaware Emerging Markets Steady Growth	Pair Corr
0.46	DDVAX	Delaware Value	Pair Corr
0.46	DEVLX	Delaware Small Cap	Pair Corr

Related Correlations Analysis

	WASAX	WSGAX	WSTAX	CXHYX	WCEAX	FTNYX	FTORX	FTOTX	DLHCX	DLHAX
WASAX		0.95	0.2	-0.56	1.0	-0.38	0.11	0.12	0.74	0.76	WASAX
WSGAX	0.95		0.16	-0.48	0.95	-0.33	0.15	0.16	0.73	0.75	WSGAX
WSTAX	0.2	0.16		0.13	0.22	0.2	0.13	0.14	0.06	0.09	WSTAX
CXHYX	-0.56	-0.48	0.13		-0.55	0.95	0.68	0.67	-0.4	-0.42	CXHYX
WCEAX	1.0	0.95	0.22	-0.55		-0.37	0.1	0.11	0.71	0.73	WCEAX
FTNYX	-0.38	-0.33	0.2	0.95	-0.37		0.8	0.78	-0.33	-0.34	FTNYX
FTORX	0.11	0.15	0.13	0.68	0.1	0.8		0.99	0.26	0.25	FTORX
FTOTX	0.12	0.16	0.14	0.67	0.11	0.78	0.99		0.31	0.28	FTOTX
DLHCX	0.74	0.73	0.06	-0.4	0.71	-0.33	0.26	0.31		0.98	DLHCX
DLHAX	0.76	0.75	0.09	-0.42	0.73	-0.34	0.25	0.28	0.98		DLHAX
	WASAX	WSGAX	WSTAX	CXHYX	WCEAX	FTNYX	FTORX	FTOTX	DLHCX	DLHAX

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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

WCEAX	+ 1.0	WASAX
FTOTX	+ 0.99	FTORX
DLHAX	+ 0.98	DLHCX
WSGAX	+ 0.95	WASAX
WCEAX	+ 0.95	WSGAX
FTNYX	+ 0.95	CXHYX

High negative correlations

CXHYX	- 0.56	WASAX
WCEAX	- 0.55	CXHYX
CXHYX	- 0.48	WSGAX
DLHAX	- 0.42	CXHYX
DLHCX	- 0.4	CXHYX
FTNYX	- 0.38	WASAX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Extended 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 Extended'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
WASAX	0.51	0.16	0.13	1.42	0.20	(0.61)	0.94	(0.74)	9.29
WSGAX	2.05	0.55	0.12	1.73	3.25	(2.47)	2.28	(2.61)	68.29
WSTAX	1.18	0.06	(0.01)	0.44	1.74	(1.20)	2.31	(3.15)	7.03
CXHYX	0.10	(0.01)	(0.47)	(0.42)	0.12	(0.17)	0.31	(0.31)	0.72
WCEAX	0.83	0.26	0.18	3.38	0.62	(0.92)	1.40	(1.36)	16.16
FTNYX	0.08	0.00	(0.57)	(0.38)	0.04	(0.14)	0.29	(0.19)	0.58
FTORX	0.08	0.01	(0.54)	1.27	0.00	(0.13)	0.25	(0.16)	0.58
FTOTX	0.08	0.01	(0.48)	1.78	0.00	(0.15)	0.25	(0.08)	0.83
DLHCX	0.82	0.22	0.27	0.36	0.32	(1.01)	1.91	(0.98)	8.18
DLHAX	0.83	0.23	0.20	0.87	0.48	(0.97)	1.68	(1.16)	9.34

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