Wilmington Diversified Correlations

WDIAX Fund

USD 13.80 0.04 0.29%

The current 90-days correlation between Wilmington Diversified and Blackrock Health Sciences is 0.58 (i.e., Very weak diversification). The correlation of Wilmington 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.

Wilmington Diversified Correlation With Market

Very weak diversification

The correlation between Wilmington Diversified Income and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Diversified Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wilmington 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 nation.

Moving together with Wilmington Mutual Fund

0.86	WRAAX	Wilmington Global Alpha	Pair Corr
0.93	WRAIX	Wilmington Global Alpha	Pair Corr
0.61	WABMX	Wilmington Broad Market	Pair Corr
0.7	WTABX	Wilmington Municipal Bond	Pair Corr
0.63	WTAIX	Wilmington Municipal Bond	Pair Corr
0.98	WDIIX	Wilmington Diversified	Pair Corr
0.64	WIBMX	Wilmington Broad Market	Pair Corr
0.83	WINAX	Wilmington International	Pair Corr
0.79	WINIX	Wilmington International	Pair Corr
0.9	WMMRX	Wilmington Multi-manager	Pair Corr
0.89	WMRIX	Wilmington Multi-manager	Pair Corr
0.74	WNYAX	Wilmington New York	Pair Corr
0.75	WNYIX	Wilmington New York	Pair Corr
0.99	VVIAX	Vanguard Value Index	Pair Corr
0.93	DOXGX	Dodge Cox Stock	Pair Corr
0.84	AFMFX	American Mutual	Pair Corr
0.83	FFMMX	American Funds American	Pair Corr
0.84	FFFMX	American Funds American	Pair Corr
0.83	AMRMX	American Mutual	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.82	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.68	BXECX	Barings Emerging Markets	Pair Corr
0.7	BXEIX	Barings Emerging Markets	Pair Corr
0.72	BXEAX	Barings Emerging Markets	Pair Corr
0.75	HLDIX	Hartford Emerging	Pair Corr
0.77	HLDRX	Hartford Emerging	Pair Corr
0.77	HLDAX	Hartford Emerging	Pair Corr
0.76	HLDCX	Hartford Emerging	Pair Corr
0.8	HLDTX	Hartford Emerging	Pair Corr
0.64	RAAGX	Short Term Bond	Pair Corr
0.81	MRSHX	Mfs Research Interna	Pair Corr
0.71	SIFZX	Sextant International	Pair Corr

Related Correlations Analysis

	BHSRX	JAFKX	LYFAX	RAGHX	SCHLX	ETAHX	LHCCX	PGHAX
BHSRX		0.94	0.87	0.83	0.89	0.83	0.76	0.89	BHSRX
JAFKX	0.94		0.88	0.9	0.91	0.94	0.83	0.84	JAFKX
LYFAX	0.87	0.88		0.87	0.92	0.82	0.87	0.85	LYFAX
RAGHX	0.83	0.9	0.87		0.95	0.84	0.72	0.69	RAGHX
SCHLX	0.89	0.91	0.92	0.95		0.84	0.71	0.77	SCHLX
ETAHX	0.83	0.94	0.82	0.84	0.84		0.82	0.75	ETAHX
LHCCX	0.76	0.83	0.87	0.72	0.71	0.82		0.83	LHCCX
PGHAX	0.89	0.84	0.85	0.69	0.77	0.75	0.83		PGHAX
	BHSRX	JAFKX	LYFAX	RAGHX	SCHLX	ETAHX	LHCCX	PGHAX

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington 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 Wilmington 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
BHSRX	0.65	(0.01)	0.00	(0.03)	0.00	0.00	1.21	(1.25)	6.63
JAFKX	0.71	0.00	0.00	(0.01)	0.93	(0.76)	1.28	(1.46)	4.10
LYFAX	0.58	0.04	0.06	(0.73)	0.72	(0.58)	1.12	(1.18)	2.95
RAGHX	0.64	0.05	0.06	0.11	0.76	(0.64)	1.23	(1.25)	3.32
SCHLX	0.61	0.05	0.07	0.10	0.66	(0.66)	1.27	(1.17)	3.10
ETAHX	1.09	(0.01)	0.00	(0.02)	0.00	0.00	1.83	(2.49)	7.13
LHCCX	0.75	(0.01)	0.00	0.06	1.05	(0.71)	1.50	(1.44)	4.79
PGHAX	0.61	0.00	0.01	0.00	0.77	(0.64)	1.30	(1.10)	3.63

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Wilmington Diversified Correlations

Wilmington Diversified Correlation With Market

Very weak diversification

Moving together with Wilmington Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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