Delaware Diversified Correlations

DPCFX Fund

USD 7.59 0.01 0.13%

The current 90-days correlation between Delaware Diversified and Western Assets Emerging is 0.03 (i.e., Significant diversification). The correlation of Delaware Diversified 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 Diversified Correlation With Market

Good diversification

The correlation between Delaware Diversified Income and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Diversified Income 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 Diversified Income. 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 census.

Moving together with Delaware Mutual Fund

0.67	IMAAX	Ivy Apollo Multi	Pair Corr
0.97	OCFIX	Optimum Fixed Income	Pair Corr
0.65	CXHYX	Delaware National High	Pair Corr
0.79	FTNYX	Delaware Tax Free	Pair Corr
0.78	FTORX	First Investors Tax	Pair Corr
0.71	FTOTX	First Investors Tax	Pair Corr
0.69	DLHIX	Delaware Healthcare Potential Growth	Pair Corr
0.69	DLHCX	Delaware Healthcare Potential Growth	Pair Corr
0.69	DLHAX	Delaware Healthcare Potential Growth	Pair Corr
0.69	DLRHX	Delaware Healthcare Potential Growth	Pair Corr
0.73	DMOCX	Delaware Tax Free	Pair Corr
0.64	DMNIX	Delaware Tax Free	Pair Corr
0.83	DMTFX	Delaware Tax Free	Pair Corr
0.67	DMUSX	Delaware Tax Free	Pair Corr
0.96	OIFIX	Optimum Fixed Income	Pair Corr
0.76	VCTFX	Delaware Tax Free	Pair Corr
0.96	DPFFX	Delaware Diversified	Pair Corr

Moving against Delaware Mutual Fund

0.74	OCLGX	Optimum Large Cap	Pair Corr
0.71	WCEAX	Ivy E Equity	Pair Corr
0.7	DMO	Western Asset Mortgage	Pair Corr
0.69	OASVX	Optimum Small Mid	Pair Corr
0.69	OCSVX	Optimum Small Mid	Pair Corr
0.59	OASGX	Optimum Small Mid	Pair Corr
0.59	WSTAX	Ivy Science And	Pair Corr
0.58	OCSGX	Optimum Small Mid	Pair Corr
0.57	OCLVX	Optimum Large Cap	Pair Corr
0.45	WSGAX	Ivy Small Cap	Pair Corr
0.43	WASAX	Ivy Asset Strategy	Pair Corr
0.74	OILGX	Optimum Large Cap	Pair Corr
0.74	FGINX	First Investors Growth	Pair Corr
0.69	OISVX	Optimum Small Mid	Pair Corr
0.59	OILVX	Optimum Large Cap	Pair Corr
0.59	OISGX	Optimum Small Mid	Pair Corr

Related Correlations Analysis

	XEMDX	RESAX	ANGCX	PIEFX	RYVLX	SMQFX	EPASX
XEMDX		0.96	0.55	0.36	0.19	0.5	0.5	XEMDX
RESAX	0.96		0.59	0.43	0.2	0.59	0.6	RESAX
ANGCX	0.55	0.59		-0.18	-0.48	0.08	0.14	ANGCX
PIEFX	0.36	0.43	-0.18		0.66	0.9	0.9	PIEFX
RYVLX	0.19	0.2	-0.48	0.66		0.56	0.38	RYVLX
SMQFX	0.5	0.59	0.08	0.9	0.56		0.9	SMQFX
EPASX	0.5	0.6	0.14	0.9	0.38	0.9		EPASX
	XEMDX	RESAX	ANGCX	PIEFX	RYVLX	SMQFX	EPASX

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

RESAX	+ 0.96	XEMDX
SMQFX	+ 0.9	PIEFX
EPASX	+ 0.9	PIEFX
EPASX	+ 0.9	SMQFX
RYVLX	+ 0.66	PIEFX
EPASX	+ 0.6	RESAX

High negative correlations

RYVLX	- 0.48	ANGCX
PIEFX	- 0.18	ANGCX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Diversified 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 Diversified'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
XEMDX	0.23	0.00	(0.23)	0.25	0.27	(0.29)	0.55	(0.56)	1.68
RESAX	0.20	0.00	(0.35)	(0.02)	0.19	(0.32)	0.49	(0.37)	1.71
ANGCX	0.10	(0.01)	(0.63)	4.89	0.09	(0.16)	0.23	(0.23)	0.70
PIEFX	0.80	0.03	(0.08)	(0.12)	0.98	(0.91)	1.82	(1.45)	4.54
RYVLX	1.62	(0.09)	0.01	0.06	2.40	(1.53)	3.08	(4.83)	10.29
SMQFX	0.59	(0.04)	(0.12)	0.00	0.77	(0.59)	1.27	(1.33)	3.52
EPASX	0.76	0.02	(0.08)	(0.06)	1.01	(0.80)	1.54	(1.67)	6.54

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC