Delaware Small Correlations

DVLRX Fund

USD 75.84 0.53 0.69%

The current 90-days correlation between Delaware Small Cap and Thornburg International Value is 0.05 (i.e., Significant diversification). The correlation of Delaware Small 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 Small Correlation With Market

Significant diversification

The correlation between Delaware Small Cap and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Small Cap 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 Small Cap. 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 metropolitan statistical area.

Moving together with Delaware Mutual Fund

0.79	VSIIX	Vanguard Small Cap	Pair Corr
0.83	VISVX	Vanguard Small Cap	Pair Corr
1.0	DFSVX	Us Small Cap	Pair Corr
0.87	DFFVX	Us Targeted Value	Pair Corr
0.98	UBVCX	Undiscovered Managers	Pair Corr
0.98	UBVAX	Undiscovered Managers	Pair Corr
0.98	UBVSX	Undiscovered Managers	Pair Corr
0.86	AVFIX	American Beacon Small	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.62	SMPIX	Semiconductor Ultrasector	Pair Corr
0.79	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.8	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.8	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.72	RSNRX	Victory Global Natural	Pair Corr
0.79	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.72	RGNCX	Victory Global Natural	Pair Corr
0.8	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.95	FSRBX	Banking Portfolio Banking	Pair Corr
0.96	TEGYX	Mid Cap Growth	Pair Corr
0.72	GAB	Gabelli Equity Trust	Pair Corr
0.84	PRDSX	T Rowe Price	Pair Corr
0.74	DIS	Walt Disney Aggressive Push	Pair Corr
0.8	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Delaware Mutual Fund

0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.69	KO	Coca Cola Aggressive Push	Pair Corr
0.38	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TGVRX	JGMRX	ACARX	ACSRX	MRLOX
TGVRX		-0.43	-0.53	-0.55	0.14	TGVRX
JGMRX	-0.43		0.82	0.8	0.61	JGMRX
ACARX	-0.53	0.82		0.83	0.56	ACARX
ACSRX	-0.55	0.8	0.83		0.62	ACSRX
MRLOX	0.14	0.61	0.56	0.62		MRLOX
	TGVRX	JGMRX	ACARX	ACSRX	MRLOX

Click cells to compare fundamentals

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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

ACSRX	+ 0.83	ACARX
ACARX	+ 0.82	JGMRX
ACSRX	+ 0.8	JGMRX
MRLOX	+ 0.62	ACSRX
MRLOX	+ 0.61	JGMRX
MRLOX	+ 0.56	ACARX

High negative correlations

ACSRX	- 0.55	TGVRX
ACARX	- 0.53	TGVRX
JGMRX	- 0.43	TGVRX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Small 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 Small'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
TGVRX	0.64	(0.17)	0.00	(1.03)	0.00	0.00	1.42	(1.37)	7.17
JGMRX	0.71	(0.02)	(0.02)	0.10	0.73	(0.78)	1.58	(1.39)	4.77
ACARX	0.86	0.24	0.09	1.62	1.11	(0.90)	2.42	(2.13)	6.12
ACSRX	0.55	0.01	(0.02)	0.13	0.37	(0.69)	1.01	(0.86)	4.29
MRLOX	0.38	(0.03)	(0.18)	0.04	0.48	(0.41)	0.84	(0.88)	2.23

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