Delaware Investments Correlations

DULTX Fund

USD 9.96 0.00 0.00%

The current 90-days correlation between Delaware Investments and Optimum Small Mid Cap is -0.14 (i.e., Good diversification). The correlation of Delaware Investments 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 Investments Correlation With Market

Good diversification

The correlation between Delaware Investments Ultrashor and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Investments Ultrashor 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 Investments Ultrashort. 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 estimate.

Moving together with Delaware Mutual Fund

0.75	DMO	Western Asset Mortgage	Pair Corr
0.88	PTSPX	Pimco Short Term	Pair Corr
0.88	PTSHX	Short Term Fund	Pair Corr
0.87	PSFAX	Short Term Fund	Pair Corr
0.88	PTSRX	Short Term Fund	Pair Corr
0.9	PSDNX	Putnam Ultra Short	Pair Corr
0.92	LUSNX	Lord Abbett Ultra	Pair Corr
0.88	VUBFX	Vanguard Ultra Short	Pair Corr
0.92	PSDRX	Putnam Short Duration	Pair Corr
0.95	PSDYX	Putnam Short Duration	Pair Corr
0.81	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.8	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.8	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	LSHUX	Horizon Spin Off Downward Rally	Pair Corr
0.81	EMO	Clearbridge Energy Mlp	Pair Corr
0.83	ELFNX	Elfun Trusts Elfun	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.84	WMT	Walmart	Pair Corr
0.82	T	ATT Inc Sell-off Trend	Pair Corr
0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.8	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Moving against Delaware Mutual Fund

0.86	DLHIX	Delaware Healthcare	Pair Corr
0.85	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.83	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.39	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX
OASGX		0.91	-0.44	-0.45	0.63	0.99	-0.08	0.71	0.84	1.0	OASGX
OASVX	0.91		-0.47	-0.53	0.57	0.88	-0.14	0.89	0.91	0.91	OASVX
IMAAX	-0.44	-0.47		0.77	0.0	-0.41	0.79	-0.26	-0.48	-0.43	IMAAX
OCFIX	-0.45	-0.53	0.77		-0.31	-0.35	0.41	-0.39	-0.51	-0.44	OCFIX
WASAX	0.63	0.57	0.0	-0.31		0.57	0.47	0.47	0.66	0.63	WASAX
WSGAX	0.99	0.88	-0.41	-0.35	0.57		-0.1	0.68	0.8	0.99	WSGAX
OCIEX	-0.08	-0.14	0.79	0.41	0.47	-0.1		-0.07	-0.05	-0.07	OCIEX
OCLVX	0.71	0.89	-0.26	-0.39	0.47	0.68	-0.07		0.8	0.71	OCLVX
OCLGX	0.84	0.91	-0.48	-0.51	0.66	0.8	-0.05	0.8		0.84	OCLGX
OCSGX	1.0	0.91	-0.43	-0.44	0.63	0.99	-0.07	0.71	0.84		OCSGX
	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX

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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

OCSGX	+ 1.0	OASGX
WSGAX	+ 0.99	OASGX
OCSGX	+ 0.99	WSGAX
OASVX	+ 0.91	OASGX
OCLGX	+ 0.91	OASVX
OCSGX	+ 0.91	OASVX

High negative correlations

OCFIX	- 0.53	OASVX
OCLGX	- 0.51	OCFIX
OCLGX	- 0.48	IMAAX
IMAAX	- 0.47	OASVX
OCFIX	- 0.45	OASGX
OCSGX	- 0.44	OCFIX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Investments 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 Investments' 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	0.82	0.06	0.09	0.16	0.71	(0.93)	1.88	(1.37)	5.94
OASVX	0.85	(0.10)	(0.04)	0.04	1.43	(0.94)	1.70	(1.18)	6.37
IMAAX	0.33	(0.04)	0.00	(0.08)	0.00	0.00	0.62	(0.62)	2.15
OCFIX	0.26	(0.07)	0.00	(3.72)	0.00	0.00	0.34	(0.69)	1.26
WASAX	0.39	0.06	(0.09)	1.29	0.39	(0.41)	0.79	(0.78)	3.08
WSGAX	0.93	0.01	0.06	0.12	0.82	(1.08)	2.15	(1.63)	7.25
OCIEX	0.57	0.01	(0.09)	0.14	0.61	(0.61)	1.23	(0.93)	3.78
OCLVX	0.54	(0.14)	0.00	(0.06)	0.00	0.00	1.01	(0.73)	3.34
OCLGX	0.86	(0.07)	(0.03)	0.03	2.54	(0.75)	1.60	(1.54)	5.02
OCSGX	0.82	0.05	0.08	0.16	0.69	(0.93)	1.83	(1.36)	6.05

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