Ivy Advantus Correlations

IRSAX Fund

USD 17.81 0.28 1.55%

The current 90-days correlation between Ivy Advantus Real and Putnam Convertible Incm Gwth is 0.13 (i.e., Average diversification). The correlation of Ivy Advantus 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.

Ivy Advantus Correlation With Market

Average diversification

The correlation between Ivy Advantus Real and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Advantus Real and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy Advantus Real. 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 Ivy Mutual Fund

0.7	DX	Dynex Capital	Pair Corr
0.69	OZ	Belpointe PREP LLC	Pair Corr
0.66	EPRT	Essential Properties	Pair Corr
0.72	EQIX	Equinix	Pair Corr

Moving against Ivy Mutual Fund

0.34

VTMX

Corporacin Inmobiliaria

Pair Corr

Related Correlations Analysis

	PRCCX	FSAWX	LCFYX	GCV	AVK
PRCCX		0.96	0.98	0.11	0.6	PRCCX
FSAWX	0.96		0.96	0.13	0.6	FSAWX
LCFYX	0.98	0.96		0.27	0.72	LCFYX
GCV	0.11	0.13	0.27		0.68	GCV
AVK	0.6	0.6	0.72	0.68		AVK
	PRCCX	FSAWX	LCFYX	GCV	AVK

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Advantus 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 Ivy Advantus' 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
PRCCX	0.39	0.07	0.03	0.23	0.18	(0.47)	0.98	(0.70)	1.94
FSAWX	0.08	0.03	(0.62)	(3.94)	0.00	(0.13)	0.19	(0.09)	0.46
LCFYX	0.37	0.09	0.07	0.29	0.00	(0.45)	1.01	(0.69)	2.22
GCV	0.82	0.05	(0.02)	0.36	1.26	(0.80)	1.81	(1.80)	5.70
AVK	0.64	0.04	(0.04)	0.28	0.80	(0.77)	1.43	(1.03)	5.25

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