Ivy Asset Correlations
| WASAX Fund | USD 21.79 0.04 0.18% |
The current 90-days correlation between Ivy Asset Strategy and Vanguard Dividend Growth is -0.03 (i.e., Good diversification). The correlation of Ivy Asset 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 Asset Correlation With Market
Significant diversification
The correlation between Ivy Asset Strategy and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Asset Strategy and DJI in the same portfolio, assuming nothing else is changed.
Ivy |
Moving together with Ivy Mutual Fund
| 0.68 | IMAAX | Ivy Apollo Multi | PairCorr |
| 0.64 | OCIEX | Optimum International | PairCorr |
| 0.82 | OCLVX | Optimum Large Cap | PairCorr |
| 0.62 | WCEAX | Ivy E Equity | PairCorr |
| 0.77 | DLHIX | Delaware Healthcare | PairCorr |
| 0.76 | DLHCX | Delaware Healthcare | PairCorr |
| 0.75 | DLHAX | Delaware Healthcare | PairCorr |
| 0.62 | DLRHX | Delaware Healthcare | PairCorr |
| 0.62 | IPOAX | Ivy Emerging Markets | PairCorr |
| 0.76 | IRSAX | Ivy Advantus Real | PairCorr |
| 0.73 | OIIEX | Optimum International | PairCorr |
| 0.91 | OILVX | Optimum Large Cap | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Ivy Mutual Fund performing well and Ivy Asset 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 Asset'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VDIGX | 0.60 | (0.01) | 0.00 | (0.09) | 0.00 | 0.95 | 3.57 | |||
| BGGKX | 1.54 | (0.08) | 0.00 | (0.13) | 0.00 | 2.77 | 8.15 | |||
| LMLRX | 0.33 | 0.01 | 0.00 | (0.05) | 0.00 | 0.61 | 2.17 | |||
| AUERX | 0.84 | (0.06) | 0.00 | (0.15) | 0.00 | 1.57 | 4.19 | |||
| TEGAX | 1.38 | (0.07) | 0.00 | (0.13) | 0.00 | 2.18 | 7.24 | |||
| GGRYX | 0.53 | 0.02 | 0.00 | (0.04) | 0.00 | 1.01 | 3.13 | |||
| EIPFX | 0.83 | 0.01 | 0.00 | (0.04) | 0.00 | 1.69 | 7.28 |