Delaware Small Correlations

DVZRX Fund

USD 67.21 0.50 0.74%

The current 90-days correlation between Delaware Small Cap and Dodge International Stock is -0.15 (i.e., Good 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

Good diversification

The correlation between Delaware Small Cap and DJI is -0.09 (i.e., Good 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

0.71	VSIIX	Vanguard Small Cap	Pair Corr
0.71	VISVX	Vanguard Small Cap	Pair Corr
0.71	DFSVX	Us Small Cap	Pair Corr
0.71	DFFVX	Us Targeted Value	Pair Corr
0.67	UBVCX	Undiscovered Managers	Pair Corr
0.67	UBVAX	Undiscovered Managers	Pair Corr
0.67	UBVSX	Undiscovered Managers	Pair Corr
0.7	VSTSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.68	VFFSX	Vanguard 500 Index	Pair Corr
0.62	VINIX	Vanguard Institutional	Pair Corr
0.61	VTSAX	Vanguard Total Stock	Pair Corr
0.81	BAC	Bank of America Aggressive Push	Pair Corr
0.69	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.65	BA	Boeing	Pair Corr

Moving against Delaware Mutual Fund

0.39	VTISX	Vanguard Total Inter	Pair Corr
0.39	VTSNX	Vanguard Total Inter	Pair Corr
0.39	VTPSX	Vanguard Total Inter	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr
0.6	MCD	McDonalds	Pair Corr
0.57	TRV	The Travelers Companies	Pair Corr
0.54	KO	Coca Cola	Pair Corr
0.48	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	DODFX	MRCZX	RBCIX	RRIGX	NWJVX	LOGBX	MFIRX	JSLCX
DODFX		0.87	0.95	0.98	0.89	0.7	0.93	0.78	DODFX
MRCZX	0.87		0.8	0.8	0.8	0.87	0.9	0.96	MRCZX
RBCIX	0.95	0.8		0.95	0.83	0.59	0.88	0.68	RBCIX
RRIGX	0.98	0.8	0.95		0.91	0.58	0.91	0.68	RRIGX
NWJVX	0.89	0.8	0.83	0.91		0.55	0.94	0.71	NWJVX
LOGBX	0.7	0.87	0.59	0.58	0.55		0.68	0.9	LOGBX
MFIRX	0.93	0.9	0.88	0.91	0.94	0.68		0.83	MFIRX
JSLCX	0.78	0.96	0.68	0.68	0.71	0.9	0.83		JSLCX
	DODFX	MRCZX	RBCIX	RRIGX	NWJVX	LOGBX	MFIRX	JSLCX

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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
DODFX	0.67	0.12	0.21	(0.97)	0.72	(0.69)	1.30	(1.32)	4.77
MRCZX	0.24	0.01	0.17	(0.04)	0.32	(0.26)	0.44	(0.44)	1.45
RBCIX	1.27	0.28	0.21	0.84	1.19	(1.48)	2.72	(2.01)	7.76
RRIGX	0.65	0.18	0.29	(1.44)	0.65	(0.73)	1.36	(1.24)	5.59
NWJVX	0.08	0.01	0.69	0.67	0.00	(0.14)	0.20	(0.10)	0.61
LOGBX	0.51	0.00	0.00	(0.07)	0.00	0.00	0.83	(1.17)	4.19
MFIRX	0.11	0.01	0.30	(0.27)	0.00	(0.21)	0.19	(0.19)	0.77
JSLCX	0.20	0.00	0.21	(0.05)	0.27	(0.23)	0.42	(0.34)	1.11

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