Ivy Small Correlations

IRGFX Fund

USD 22.82 0.26 1.15%

The current 90-days correlation between Ivy Small Cap and Ivy Large Cap is 0.2 (i.e., Modest diversification). The correlation of Ivy 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.

Ivy Small Correlation With Market

Significant diversification

The correlation between Ivy Small Cap and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy 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 census.

Moving together with Ivy Mutual Fund

0.74	ILGRX	Ivy Large Cap	Pair Corr
0.82	WRGCX	Ivy Small Cap	Pair Corr
0.86	WRHIX	Ivy High Income	Pair Corr
0.92	WSCYX	Ivy Small Cap	Pair Corr
0.89	WSGRX	Ivy Small Cap	Pair Corr
0.66	WASCX	Ivy Asset Strategy	Pair Corr
0.71	WASYX	Ivy Asset Strategy	Pair Corr
0.75	INPEX	American Funds Income	Pair Corr
0.68	INRSX	Ivy Natural Resources	Pair Corr
0.66	WTRCX	Ivy E Equity	Pair Corr
0.73	WCEYX	Ivy E Equity	Pair Corr
0.63	IRSCX	Ivy Advantus Real	Pair Corr
0.72	IRSEX	Ivy Advantus Real	Pair Corr
0.68	IASTX	Ivy Asset Strategy	Pair Corr
0.67	IASRX	Ivy Asset Strategy	Pair Corr
0.92	ISPVX	Ivy Small Cap	Pair Corr
0.8	IBARX	Ivy Balanced	Pair Corr
0.84	WHIYX	Ivy High Income	Pair Corr
0.81	IBNYX	Ivy Balanced	Pair Corr
0.82	IBNCX	Ivy Balanced	Pair Corr
0.73	ITGRX	Ivy Global Growth	Pair Corr
0.74	ICEQX	Ivy E Equity	Pair Corr

Related Correlations Analysis

	ILGRX	WRGCX	WRHIX	IMACX	IMAIX	IMAYX	WSCYX	IMEGX	WASCX
ILGRX		0.5	0.65	0.29	0.31	0.3	0.74	0.17	0.36	ILGRX
WRGCX	0.5		0.81	0.83	0.82	0.83	0.91	0.31	0.93	WRGCX
WRHIX	0.65	0.81		0.7	0.71	0.71	0.84	0.42	0.72	WRHIX
IMACX	0.29	0.83	0.7		1.0	1.0	0.65	0.67	0.93	IMACX
IMAIX	0.31	0.82	0.71	1.0		1.0	0.65	0.67	0.92	IMAIX
IMAYX	0.3	0.83	0.71	1.0	1.0		0.65	0.66	0.93	IMAYX
WSCYX	0.74	0.91	0.84	0.65	0.65	0.65		0.19	0.75	WSCYX
IMEGX	0.17	0.31	0.42	0.67	0.67	0.66	0.19		0.52	IMEGX
WASCX	0.36	0.93	0.72	0.93	0.92	0.93	0.75	0.52		WASCX
	ILGRX	WRGCX	WRHIX	IMACX	IMAIX	IMAYX	WSCYX	IMEGX	WASCX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy 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 Ivy 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
ILGRX	0.71	0.01	(0.05)	0.11	0.98	(0.73)	1.36	(1.79)	4.58
WRGCX	1.15	(0.12)	0.00	(0.12)	0.00	0.00	1.73	(2.14)	16.01
WRHIX	0.18	(0.01)	(0.27)	(0.15)	0.24	(0.26)	0.33	(0.34)	1.65
IMACX	0.37	(0.07)	0.00	(0.23)	0.00	0.00	0.74	(0.86)	2.72
IMAIX	0.38	(0.06)	0.00	(0.20)	0.00	0.00	0.74	(0.86)	2.73
IMAYX	0.38	(0.06)	0.00	(0.21)	0.00	0.00	0.74	(0.86)	2.62
WSCYX	1.04	(0.01)	(0.03)	0.06	1.55	(0.97)	1.71	(2.16)	9.44
IMEGX	0.59	(0.05)	0.00	(0.10)	0.00	0.00	1.15	(1.37)	3.34
WASCX	0.54	(0.09)	0.00	(0.28)	0.00	0.00	0.79	(1.25)	7.47

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Ivy Small Correlations

Ivy Small Correlation With Market

Significant diversification

Moving together with Ivy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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