Wilmington Diversified Correlations

WDIAX Fund

USD 14.09 0.01 0.07%

The current 90-days correlation between Wilmington Diversified and Wilmington Global Alpha is -0.08 (i.e., Good diversification). The correlation of Wilmington 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.

Wilmington Diversified Correlation With Market

Good diversification

The correlation between Wilmington Diversified Income and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Diversified Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wilmington 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 nation.

Moving together with Wilmington Mutual Fund

0.87	WRAAX	Wilmington Global Alpha	Pair Corr
0.82	WRAIX	Wilmington Global Alpha	Pair Corr
0.91	WDIIX	Wilmington Diversified	Pair Corr
0.84	WMLIX	Wilmington Large Cap	Pair Corr
0.97	VVIAX	Vanguard Value Index	Pair Corr
0.87	DOXGX	Dodge Cox Stock	Pair Corr
0.91	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.91	AMRMX	American Mutual	Pair Corr
0.99	AMFFX	American Mutual	Pair Corr
0.99	AMFCX	American Mutual	Pair Corr
0.81	DODGX	Dodge Stock Fund	Pair Corr
0.88	VIVAX	Vanguard Value Index	Pair Corr
0.8	SMPIX	Semiconductor Ultrasector	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.67	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.88	RSNRX	Victory Global Natural	Pair Corr
0.86	RSNYX	Victory Global Natural	Pair Corr
0.8	FIKGX	Fidelity Advisor Sem	Pair Corr
0.86	RMQAX	Monthly Rebalance	Pair Corr
0.86	RGNCX	Victory Global Natural	Pair Corr
0.86	RMQHX	Monthly Rebalance	Pair Corr
0.69	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.71	DPG	Duff And Phelps	Pair Corr
0.84	VNSNX	Vaughan Nelson Select	Pair Corr
0.8	VIGAX	Vanguard Growth Index	Pair Corr
0.85	INDEX	Sp 500 Equal	Pair Corr
0.79	VGOSX	Voya Large Cap	Pair Corr

Moving against Wilmington Mutual Fund

0.56	WABMX	Wilmington Broad Market	Pair Corr
0.56	WIBMX	Wilmington Broad Market	Pair Corr
0.31	WNYAX	Wilmington New York	Pair Corr

Related Correlations Analysis

	WRAAX	WRAIX	WABMX	WTABX	WTAIX	WIBMX	WINAX	WINIX
WRAAX		0.88	-0.41	-0.01	-0.05	-0.41	0.21	0.23	WRAAX
WRAIX	0.88		-0.4	0.02	-0.02	-0.39	0.13	0.15	WRAIX
WABMX	-0.41	-0.4		0.77	0.79	1.0	0.53	0.51	WABMX
WTABX	-0.01	0.02	0.77		0.99	0.77	0.5	0.5	WTABX
WTAIX	-0.05	-0.02	0.79	0.99		0.79	0.46	0.46	WTAIX
WIBMX	-0.41	-0.39	1.0	0.77	0.79		0.51	0.5	WIBMX
WINAX	0.21	0.13	0.53	0.5	0.46	0.51		1.0	WINAX
WINIX	0.23	0.15	0.51	0.5	0.46	0.5	1.0		WINIX
	WRAAX	WRAIX	WABMX	WTABX	WTAIX	WIBMX	WINAX	WINIX

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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

WIBMX	+ 1.0	WABMX
WINIX	+ 1.0	WINAX
WTAIX	+ 0.99	WTABX
WRAIX	+ 0.88	WRAAX
WTAIX	+ 0.79	WABMX
WIBMX	+ 0.79	WTAIX

High negative correlations

WIBMX	- 0.41	WRAAX
WABMX	- 0.41	WRAAX
WABMX	- 0.4	WRAIX
WIBMX	- 0.39	WRAIX
WTAIX	- 0.05	WRAAX
WTAIX	- 0.02	WRAIX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington 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 Wilmington 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
WRAAX	0.24	(0.02)	(0.32)	0.06	0.24	(0.27)	0.38	(0.60)	1.29
WRAIX	0.24	0.02	(0.31)	(1.57)	0.23	(0.27)	0.44	(0.59)	1.26
WABMX	0.21	(0.02)	0.00	0.50	0.00	0.00	0.44	(0.56)	1.36
WTABX	0.12	0.00	(0.38)	0.08	0.18	(0.17)	0.24	(0.32)	1.06
WTAIX	0.12	0.01	(0.40)	0.05	0.18	(0.16)	0.25	(0.32)	1.14
WIBMX	0.21	(0.02)	0.00	0.45	0.00	0.00	0.45	(0.57)	1.24
WINAX	0.59	(0.11)	0.00	(0.13)	0.00	0.00	1.08	(1.36)	3.43
WINIX	0.59	(0.11)	0.00	(0.12)	0.00	0.00	1.06	(1.45)	3.49

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