Delaware Small Correlations

DCCIX Fund

USD 28.26 0.21 0.74%

The current 90-days correlation between Delaware Small Cap and Morgan Stanley Government is -0.06 (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 -0.05 (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 gross domestic product.

Moving together with Delaware Mutual Fund

0.99	OASGX	Optimum Small Mid	Pair Corr
0.99	OASVX	Optimum Small Mid	Pair Corr
0.97	WSGAX	Ivy Small Cap	Pair Corr
0.94	OCLGX	Optimum Large Cap	Pair Corr
0.99	OCSGX	Optimum Small Mid	Pair Corr
0.99	OCSVX	Optimum Small Mid	Pair Corr
0.92	WSTAX	Ivy Science And	Pair Corr
0.93	WCEAX	Ivy E Equity	Pair Corr
0.94	OILGX	Optimum Large Cap	Pair Corr

Moving against Delaware Mutual Fund

0.69	DLTRX	Delaware Limited Term	Pair Corr
0.67	OCFIX	Optimum Fixed Income	Pair Corr
0.58	DMO	Western Asset Mortgage	Pair Corr
0.54	DLTZX	Delaware Limited Term	Pair Corr
0.36	OCIEX	Optimum International	Pair Corr
0.69	DPFFX	Delaware Diversified	Pair Corr
0.67	OIFIX	Optimum Fixed Income	Pair Corr
0.67	DPCFX	Delaware Diversified	Pair Corr
0.66	DPDFX	Delaware Diversified	Pair Corr
0.66	DPRFX	Delaware Diversified	Pair Corr
0.37	OIIEX	Optimum International	Pair Corr

Related Correlations Analysis

	USGDX	RGVCX	AMUSX	RGVJX	FHNFX
USGDX		0.97	0.97	0.97	0.98	USGDX
RGVCX	0.97		1.0	1.0	1.0	RGVCX
AMUSX	0.97	1.0		1.0	1.0	AMUSX
RGVJX	0.97	1.0	1.0		1.0	RGVJX
FHNFX	0.98	1.0	1.0	1.0		FHNFX
	USGDX	RGVCX	AMUSX	RGVJX	FHNFX

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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
USGDX	0.66	0.05	0.13	0.83	0.72	(0.80)	1.45	(1.37)	3.93
RGVCX	0.24	0.03	0.29	0.88	0.20	(0.30)	0.51	(0.42)	1.38
AMUSX	0.25	0.03	0.29	0.70	0.21	(0.31)	0.60	(0.42)	1.55
RGVJX	0.25	0.03	0.28	0.69	0.21	(0.29)	0.60	(0.42)	1.55
FHNFX	0.22	0.02	0.29	1.24	0.19	(0.26)	0.55	(0.43)	1.23

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