Delaware Extended Correlations

DEEIX Fund

USD 14.15 0.07 0.50%

The current 90-days correlation between Delaware Extended and Siit Global Managed is 0.24 (i.e., Modest 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

Good diversification

The correlation between Delaware Extended Duration and DJI is -0.11 (i.e., Good 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 various price indices.

Moving together with Delaware Mutual Fund

0.69	OCFIX	Optimum Fixed Income	Pair Corr
0.63	DPRFX	Delaware Diversified	Pair Corr

Moving against Delaware Mutual Fund

0.37	DLHIX	Delaware Healthcare	Pair Corr
0.37	DLRHX	Delaware Healthcare	Pair Corr
0.37	DLTZX	Delaware Limited Term	Pair Corr
0.31	OCLGX	Optimum Large Cap	Pair Corr
0.46	DDFFX	Delaware Floating Rate	Pair Corr
0.45	DDFLX	Delaware Floating Rate	Pair Corr
0.43	DULTX	Delaware Investments	Pair Corr

Related Correlations Analysis

	ZGFIX	PEIEX	HLGZX	HRLAX	USLUX	SGMAX
ZGFIX		0.84	0.91	0.88	0.95	0.95	ZGFIX
PEIEX	0.84		0.86	0.83	0.87	0.85	PEIEX
HLGZX	0.91	0.86		0.82	0.95	0.94	HLGZX
HRLAX	0.88	0.83	0.82		0.83	0.87	HRLAX
USLUX	0.95	0.87	0.95	0.83		0.98	USLUX
SGMAX	0.95	0.85	0.94	0.87	0.98		SGMAX
	ZGFIX	PEIEX	HLGZX	HRLAX	USLUX	SGMAX

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
ZGFIX	0.61	0.12	0.13	0.22	0.37	(0.67)	1.24	(0.88)	10.50
PEIEX	0.76	0.20	0.16	0.40	0.59	(0.89)	1.29	(1.41)	16.75
HLGZX	1.00	0.39	0.46	0.67	0.00	(1.28)	1.17	(1.22)	27.85
HRLAX	0.33	0.08	0.08	0.40	0.00	(0.41)	0.74	(0.53)	1.47
USLUX	0.95	0.13	0.13	0.19	0.81	(1.19)	1.84	(1.65)	11.54
SGMAX	0.57	0.23	0.39	0.57	0.00	(0.80)	0.81	(0.71)	14.48

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