Wilmington Diversified Correlations

WDIIX Fund

USD 14.13 0.07 1.23%

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.

Check out Your Current Watchlist to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Wilmington Mutual Fund

0.95	WRAAX	Wilmington Global Alpha	Pair Corr
0.72	WRAIX	Wilmington Global Alpha	Pair Corr
1.0	WDIAX	Wilmington Diversified	Pair Corr
0.83	WMLIX	Wilmington Large Cap	Pair Corr
0.79	VVIAX	Vanguard Value Index	Pair Corr
0.71	DOXGX	Dodge Cox Stock	Pair Corr
0.88	AFMFX	American Mutual	Pair Corr
0.8	FFMMX	American Funds American	Pair Corr
0.8	FFFMX	American Funds American	Pair Corr
0.88	AMRMX	American Mutual	Pair Corr
0.8	AMFFX	American Mutual	Pair Corr
0.8	AMFCX	American Mutual	Pair Corr
0.79	DODGX	Dodge Stock Fund	Pair Corr
0.86	VIVAX	Vanguard Value Index	Pair Corr
0.77	SMPIX	Semiconductor Ultrasector	Pair Corr
0.82	SMPSX	Semiconductor Ultrasector	Pair Corr
0.62	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.8	RSNRX	Victory Global Natural	Pair Corr
0.8	RSNYX	Victory Global Natural	Pair Corr
0.77	FIKGX	Fidelity Advisor Sem	Pair Corr
0.78	RMQAX	Monthly Rebalance	Pair Corr
0.8	RGNCX	Victory Global Natural	Pair Corr
0.78	RMQHX	Monthly Rebalance	Pair Corr
0.62	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.82	VNSNX	Vaughan Nelson Select	Pair Corr
0.75	VIGAX	Vanguard Growth Index	Pair Corr
0.84	INDEX	Sp 500 Equal	Pair Corr
0.79	VGOSX	Voya Large Cap	Pair Corr

Moving against Wilmington Mutual Fund

0.55	WIBMX	Wilmington Broad Market	Pair Corr
0.45	WABMX	Wilmington Broad Market	Pair Corr
0.33	WNYAX	Wilmington New York	Pair Corr

Related Correlations Analysis

	LIGFX	USCAX	MDSKX	AUERX	ADGAX	ABVCX	RFXIX	DTICX
LIGFX		0.74	0.82	0.81	0.84	0.77	0.69	0.27	LIGFX
USCAX	0.74		0.88	0.67	0.82	0.85	0.52	-0.18	USCAX
MDSKX	0.82	0.88		0.71	0.95	0.87	0.69	-0.19	MDSKX
AUERX	0.81	0.67	0.71		0.7	0.63	0.38	-0.01	AUERX
ADGAX	0.84	0.82	0.95	0.7		0.93	0.77	-0.15	ADGAX
ABVCX	0.77	0.85	0.87	0.63	0.93		0.82	-0.13	ABVCX
RFXIX	0.69	0.52	0.69	0.38	0.77	0.82		0.18	RFXIX
DTICX	0.27	-0.18	-0.19	-0.01	-0.15	-0.13	0.18		DTICX
	LIGFX	USCAX	MDSKX	AUERX	ADGAX	ABVCX	RFXIX	DTICX

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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

ADGAX	+ 0.95	MDSKX
ABVCX	+ 0.93	ADGAX
MDSKX	+ 0.88	USCAX
ABVCX	+ 0.87	MDSKX
ABVCX	+ 0.85	USCAX
ADGAX	+ 0.84	LIGFX

High negative correlations

DTICX	- 0.19	MDSKX
DTICX	- 0.18	USCAX
DTICX	- 0.15	ADGAX
DTICX	- 0.13	ABVCX
DTICX	- 0.01	AUERX

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
LIGFX	0.25	(0.01)	(0.30)	0.09	0.20	(0.29)	0.62	(0.50)	1.31
USCAX	0.94	0.07	(0.03)	0.66	0.94	(1.13)	2.26	(1.70)	7.45
MDSKX	0.96	(0.01)	0.05	0.11	0.89	(1.07)	2.09	(1.62)	7.61
AUERX	0.76	(0.06)	(0.05)	0.06	0.89	(0.83)	1.90	(1.45)	5.60
ADGAX	0.56	(0.01)	(0.03)	0.11	0.69	(0.58)	1.11	(1.59)	4.36
ABVCX	0.54	0.13	0.01	(16.86)	0.29	(0.69)	1.27	(0.80)	3.88
RFXIX	0.07	0.02	(0.86)	(0.47)	0.00	(0.10)	0.11	(0.11)	0.39
DTICX	0.07	(0.01)	(0.79)	(0.95)	0.06	(0.14)	0.13	(0.13)	0.64

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Wilmington Diversified Correlations

Moving together with Wilmington Mutual Fund

Moving against Wilmington Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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