Delaware Reit Correlations

DPREX Fund

USD 12.26 0.04 0.33%

The current 90-days correlation between Delaware Reit and Federated Clover Small is -0.13 (i.e., Good diversification). The correlation of Delaware Reit 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 Reit Correlation With Market

Good diversification

The correlation between Delaware Reit Fund and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Reit Fund 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 Reit Fund. 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 income.

Moving together with Delaware Mutual Fund

0.88	IMAAX	Ivy Apollo Multi	Pair Corr
0.61	OCFIX	Optimum Fixed Income	Pair Corr
0.81	WASAX	Ivy Asset Strategy	Pair Corr
0.82	OCIEX	Optimum International	Pair Corr
0.68	OCLVX	Optimum Large Cap	Pair Corr
0.74	DLHIX	Delaware Healthcare	Pair Corr
0.74	IPOAX	Ivy Emerging Markets	Pair Corr
0.67	IRSAX	Ivy Advantus Real	Pair Corr
0.62	OIFIX	Optimum Fixed Income	Pair Corr
0.82	OIIEX	Optimum International	Pair Corr
0.7	OILVX	Optimum Large Cap	Pair Corr
0.61	DPDFX	Delaware Diversified	Pair Corr

Related Correlations Analysis

	VSFSX	LVAQX	ARSVX	IAAEX	AOPAX	SHPSX
VSFSX		0.95	0.73	0.43	-0.17	-0.96	VSFSX
LVAQX	0.95		0.58	0.62	-0.1	-0.94	LVAQX
ARSVX	0.73	0.58		-0.12	-0.38	-0.7	ARSVX
IAAEX	0.43	0.62	-0.12		0.47	-0.38	IAAEX
AOPAX	-0.17	-0.1	-0.38	0.47		0.25	AOPAX
SHPSX	-0.96	-0.94	-0.7	-0.38	0.25		SHPSX
	VSFSX	LVAQX	ARSVX	IAAEX	AOPAX	SHPSX

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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

LVAQX	+ 0.95	VSFSX
ARSVX	+ 0.73	VSFSX
IAAEX	+ 0.62	LVAQX
ARSVX	+ 0.58	LVAQX
AOPAX	+ 0.47	IAAEX
IAAEX	+ 0.43	VSFSX

High negative correlations

SHPSX	- 0.96	VSFSX
SHPSX	- 0.94	LVAQX
SHPSX	- 0.7	ARSVX
SHPSX	- 0.38	IAAEX
AOPAX	- 0.38	ARSVX
AOPAX	- 0.17	VSFSX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Reit 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 Reit'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
VSFSX	0.87	(0.10)	0.00	(0.17)	0.00	0.00	1.48	(2.07)	5.18
LVAQX	0.83	(0.14)	0.00	(0.24)	0.00	0.00	1.18	(1.87)	3.80
ARSVX	0.67	(0.05)	0.00	0.57	0.00	0.00	1.19	(1.50)	3.39
IAAEX	0.80	(0.12)	0.00	(0.32)	0.00	0.00	1.41	(1.48)	9.17
AOPAX	0.46	0.07	0.21	1.43	0.51	(0.53)	1.15	(1.13)	3.90
SHPSX	1.00	0.14	0.25	(0.21)	0.93	(1.21)	2.75	(1.56)	7.00

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