Delaware Diversified Correlations

DPFFX Fund

USD 7.62 0.01 0.13%

The current 90-days correlation between Delaware Diversified and Tweedy Browne Global is 0.19 (i.e., Average diversification). The correlation of Delaware 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.

Delaware Diversified Correlation With Market

Average diversification

The correlation between Delaware Diversified Income and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Diversified Income 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 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 census.

Moving together with Delaware Mutual Fund

0.67	IMAAX	Ivy Apollo Multi	Pair Corr
0.99	OCFIX	Optimum Fixed Income	Pair Corr
0.81	OCIEX	Optimum International	Pair Corr
0.87	DMO	Western Asset Mortgage	Pair Corr
0.74	CXHYX	Delaware National High	Pair Corr
0.67	DLHIX	Delaware Healthcare	Pair Corr
0.66	DLHCX	Delaware Healthcare	Pair Corr
0.67	DLHAX	Delaware Healthcare	Pair Corr
0.7	DLRHX	Delaware Healthcare	Pair Corr
0.97	DLTZX	Delaware Limited Term	Pair Corr
0.96	DLTRX	Delaware Limited Term	Pair Corr
0.68	DMHIX	Delaware Minnesota High	Pair Corr
0.64	DMNIX	Delaware Tax Free	Pair Corr
0.72	DMUSX	Delaware Tax Free	Pair Corr
0.62	IRSAX	Ivy Advantus Real	Pair Corr
0.99	OIFIX	Optimum Fixed Income	Pair Corr
0.81	OIIEX	Optimum International	Pair Corr
0.65	VCTFX	Delaware Tax Free	Pair Corr
1.0	DPCFX	Delaware Diversified	Pair Corr
1.0	DPDFX	Delaware Diversified	Pair Corr

Moving against Delaware Mutual Fund

0.77	OASGX	Optimum Small Mid	Pair Corr
0.77	OCSGX	Optimum Small Mid	Pair Corr
0.75	WSGAX	Ivy Small Cap	Pair Corr
0.74	OCLGX	Optimum Large Cap	Pair Corr
0.64	OASVX	Optimum Small Mid	Pair Corr
0.64	OCSVX	Optimum Small Mid	Pair Corr
0.54	WSTAX	Ivy Science And	Pair Corr
0.43	WCEAX	Ivy E Equity	Pair Corr
0.77	OISGX	Optimum Small Mid	Pair Corr
0.73	OILGX	Optimum Large Cap	Pair Corr
0.63	OISVX	Optimum Small Mid	Pair Corr
0.45	WHIAX	Ivy High Income	Pair Corr

Related Correlations Analysis

	TBCUX	AQGNX	GWOAX	DODWX	LFLCX	ZGFIX	TEDIX
TBCUX		0.61	0.71	0.83	0.89	0.55	0.86	TBCUX
AQGNX	0.61		0.89	0.93	0.78	0.92	0.78	AQGNX
GWOAX	0.71	0.89		0.9	0.86	0.86	0.82	GWOAX
DODWX	0.83	0.93	0.9		0.92	0.86	0.9	DODWX
LFLCX	0.89	0.78	0.86	0.92		0.78	0.92	LFLCX
ZGFIX	0.55	0.92	0.86	0.86	0.78		0.75	ZGFIX
TEDIX	0.86	0.78	0.82	0.9	0.92	0.75		TEDIX
	TBCUX	AQGNX	GWOAX	DODWX	LFLCX	ZGFIX	TEDIX

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Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware 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 Delaware 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
TBCUX	0.59	0.12	0.16	(0.76)	0.54	(0.67)	1.49	(1.14)	4.33
AQGNX	0.83	0.11	0.10	0.11	0.92	(0.90)	1.55	(1.69)	5.59
GWOAX	0.60	0.04	0.04	(0.18)	0.80	(0.60)	1.29	(1.14)	3.92
DODWX	0.59	0.12	0.15	0.17	0.64	(0.62)	1.28	(1.09)	4.15
LFLCX	0.17	0.01	0.07	(0.48)	0.12	(0.21)	0.43	(0.33)	0.98
ZGFIX	0.51	0.05	0.07	0.07	0.65	(0.54)	1.03	(1.12)	3.42
TEDIX	0.61	0.03	0.02	0.06	1.53	(0.57)	1.01	(0.89)	7.35

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