Delaware Diversified Correlations

DPRFX Fund

USD 7.74 0.02 0.26%

The current 90-days correlation between Delaware Diversified and Optimum Small Mid Cap is 0.18 (i.e., Average 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

Modest diversification

The correlation between Delaware Diversified Income and DJI is 0.21 (i.e., Modest 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

0.88	OCFIX	Optimum Fixed Income	Pair Corr
0.77	DPFFX	Delaware Diversified	Pair Corr
0.76	DPZRX	Delaware Diversified	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX
OASGX		0.92	0.26	0.78	0.91	0.85	0.93	0.91	-0.82	0.8	OASGX
OASVX	0.92		0.14	0.73	0.98	0.93	0.91	1.0	-0.89	0.77	OASVX
OCFIX	0.26	0.14		0.09	0.18	0.14	0.28	0.14	-0.03	0.23	OCFIX
OCIEX	0.78	0.73	0.09		0.7	0.63	0.66	0.72	-0.64	0.46	OCIEX
OCLVX	0.91	0.98	0.18	0.7		0.94	0.9	0.98	-0.86	0.81	OCLVX
OCLGX	0.85	0.93	0.14	0.63	0.94		0.86	0.93	-0.79	0.72	OCLGX
OCSGX	0.93	0.91	0.28	0.66	0.9	0.86		0.9	-0.86	0.84	OCSGX
OCSVX	0.91	1.0	0.14	0.72	0.98	0.93	0.9		-0.88	0.77	OCSVX
DMO	-0.82	-0.89	-0.03	-0.64	-0.86	-0.79	-0.86	-0.88		-0.81	DMO
DLHIX	0.8	0.77	0.23	0.46	0.81	0.72	0.84	0.77	-0.81		DLHIX
	OASGX	OASVX	OCFIX	OCIEX	OCLVX	OCLGX	OCSGX	OCSVX	DMO	DLHIX

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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

OCSVX	+ 1.0	OASVX
OCLVX	+ 0.98	OASVX
OCSVX	+ 0.98	OCLVX
OCLGX	+ 0.94	OCLVX
OCSGX	+ 0.93	OASGX
OCLGX	+ 0.93	OASVX

High negative correlations

DMO	- 0.89	OASVX
DMO	- 0.88	OCSVX
DMO	- 0.86	OCSGX
DMO	- 0.86	OCLVX
DMO	- 0.82	OASGX
DLHIX	- 0.81	DMO

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
OASGX	1.06	0.08	0.03	0.26	1.18	(1.24)	2.13	(2.09)	7.11
OASVX	0.81	0.10	0.07	0.24	0.86	(0.91)	1.88	(1.47)	10.30
OCFIX	0.15	0.00	(0.26)	0.04	0.12	(0.20)	0.34	(0.34)	0.79
OCIEX	0.59	0.04	(0.01)	0.31	0.81	(0.59)	1.25	(1.27)	3.62
OCLVX	0.62	0.13	0.15	0.37	0.40	(0.80)	0.98	(0.97)	9.70
OCLGX	2.65	0.71	0.19	0.25	2.98	(3.22)	2.07	(2.27)	103.56
OCSGX	1.13	0.07	0.07	0.10	1.17	(1.33)	2.14	(2.05)	10.00
OCSVX	0.83	0.11	0.08	0.26	0.83	(1.01)	1.78	(1.51)	12.13
DMO	0.50	(0.07)	0.00	(0.64)	0.00	0.00	0.91	(1.02)	3.85
DLHIX	0.79	0.26	0.31	0.36	0.28	(0.98)	2.07	(1.00)	6.65

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