Ivy International Correlations

IVVYX Fund

USD 22.91 0.15 0.65%

The current 90-days correlation between Ivy International and Calvert Developed Market is -0.03 (i.e., Good diversification). The correlation of Ivy International 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 International Correlation With Market

Good diversification

The correlation between Ivy International E and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy International E 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 International E. 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 manufacturing.

Moving together with Ivy Mutual Fund

0.83	IPOYX	Ivy Emerging Markets	Pair Corr
0.99	VGTSX	Vanguard Total Inter	Pair Corr
0.79	VTIAX	Vanguard Total Inter	Pair Corr
0.99	VTSNX	Vanguard Total Inter	Pair Corr
0.99	VTPSX	Vanguard Total Inter	Pair Corr
0.99	VTISX	Vanguard Total Inter	Pair Corr
0.99	VTMGX	Vanguard Developed	Pair Corr
0.99	VDVIX	Vanguard Developed	Pair Corr
0.99	VTMNX	Vanguard Developed	Pair Corr
0.99	VDIPX	Vanguard Developed	Pair Corr
0.99	FSPSX	Fidelity International	Pair Corr
0.72	DBIWX	Dws Global Macro	Pair Corr
0.9	VICSX	Vanguard Intermediate-ter	Pair Corr
0.64	HWACX	Hotchkis Wiley Value	Pair Corr
0.9	GIOIX	Guggenheim Macro Opp	Pair Corr
0.91	HTD	John Hancock Tax	Pair Corr
0.67	SGDLX	Sprott Gold Equity	Pair Corr
0.74	ABNOX	Ab Bond Inflation	Pair Corr

Moving against Ivy Mutual Fund

0.66	SMPSX	Semiconductor Ultrasector	Pair Corr
0.46	SMPIX	Semiconductor Ultrasector	Pair Corr
0.46	RGNCX	Victory Global Natural	Pair Corr
0.45	RSNRX	Victory Global Natural	Pair Corr
0.44	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	CDHIX	XEMDX	DBELX	TEOJX	REMVX	APDOX
CDHIX		0.54	0.94	0.91	0.92	0.91	CDHIX
XEMDX	0.54		0.46	0.44	0.47	0.48	XEMDX
DBELX	0.94	0.46		0.94	0.96	0.8	DBELX
TEOJX	0.91	0.44	0.94		0.99	0.76	TEOJX
REMVX	0.92	0.47	0.96	0.99		0.75	REMVX
APDOX	0.91	0.48	0.8	0.76	0.75		APDOX
	CDHIX	XEMDX	DBELX	TEOJX	REMVX	APDOX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy International 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 International'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
CDHIX	0.68	0.11	0.13	0.11	0.83	(0.72)	1.44	(1.51)	4.90
XEMDX	0.22	(0.02)	0.00	(0.45)	0.00	0.00	0.47	(0.47)	1.41
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07

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