Delaware Diversified Correlations

DPFFX Fund

USD 7.85 0.01 0.13%

The current 90-days correlation between Delaware Diversified and Dreyfusstandish Global Fixed is 0.61 (i.e., Poor 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

Poor diversification

The correlation between Delaware Diversified Income and DJI is 0.6 (i.e., Poor 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 price.

Moving together with Delaware Mutual Fund

0.64	OASVX	Optimum Small Mid Potential Growth	Pair Corr
0.96	OCFIX	Optimum Fixed Income	Pair Corr
0.78	OCIEX	Optimum International	Pair Corr
0.61	OCSVX	Optimum Small Mid Potential Growth	Pair Corr
0.86	DLTZX	Delaware Limited Term	Pair Corr
0.84	DLTRX	Delaware Limited Term	Pair Corr
0.93	DMHIX	Delaware Minnesota High	Pair Corr
0.94	DMNIX	Delaware Tax Free	Pair Corr
0.76	OIFIX	Optimum Fixed Income	Pair Corr
0.78	OIIEX	Optimum International	Pair Corr
0.78	OISVX	Optimum Small Mid	Pair Corr
0.9	DPRSX	Delaware Reit	Pair Corr
0.9	DPRRX	Delaware Reit	Pair Corr
0.99	DPRFX	Delaware Diversified	Pair Corr
0.9	DPRDX	Real Estate	Pair Corr
0.99	DPZRX	Delaware Diversified	Pair Corr
0.74	FIZRX	Delaware Opportunity	Pair Corr
0.94	DTFIX	Delaware Tax Free	Pair Corr
0.86	DTINX	Delaware Limited Term	Pair Corr
0.94	DTIDX	Delaware Tax Free	Pair Corr
0.95	DTNIX	Delaware Tax Free	Pair Corr
0.95	DTPIX	Delaware Tax Free	Pair Corr
0.63	DCCIX	Delaware Small Cap	Pair Corr
0.62	DCCRX	Delaware Small Cap	Pair Corr
0.95	DCOIX	Delaware Tax Free	Pair Corr
0.93	DCTIX	Delaware Tax Free	Pair Corr
0.7	DUGRX	Delaware Strategic Income	Pair Corr

Moving against Delaware Mutual Fund

0.6

OILGX

Optimum Large Cap

Pair Corr

Related Correlations Analysis

	MSTGX	TEDIX	SMYIX	CABIX	LFLCX	AWF	DSDYX
MSTGX		0.96	0.75	0.89	0.94	0.07	0.74	MSTGX
TEDIX	0.96		0.86	0.95	0.93	0.18	0.66	TEDIX
SMYIX	0.75	0.86		0.92	0.81	0.2	0.42	SMYIX
CABIX	0.89	0.95	0.92		0.89	0.07	0.61	CABIX
LFLCX	0.94	0.93	0.81	0.89		0.12	0.57	LFLCX
AWF	0.07	0.18	0.2	0.07	0.12		0.02	AWF
DSDYX	0.74	0.66	0.42	0.61	0.57	0.02		DSDYX
	MSTGX	TEDIX	SMYIX	CABIX	LFLCX	AWF	DSDYX

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
MSTGX	0.22	0.11	0.17	0.54	0.00	(0.29)	0.58	(0.30)	1.30
TEDIX	0.44	0.11	0.13	0.25	0.26	(0.48)	1.15	(0.66)	2.96
SMYIX	0.62	0.15	0.16	0.35	0.44	(0.72)	1.07	(1.07)	7.76
CABIX	0.41	0.12	0.16	0.30	0.18	(0.52)	0.83	(0.74)	5.68
LFLCX	0.13	0.02	(0.27)	0.24	0.00	(0.20)	0.32	(0.22)	0.75
AWF	0.26	(0.03)	0.00	(0.06)	0.00	0.00	0.56	(0.57)	1.52
DSDYX	0.09	0.01	(0.51)	0.40	0.00	(0.11)	0.20	(0.15)	0.59

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