Wilmington Diversified Correlations

WDIAX Fund

USD 13.41 0.05 0.37%

The current 90-days correlation between Wilmington Diversified and Fa 529 Aggressive is 0.68 (i.e., Poor 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 poor diversification

The correlation between Wilmington Diversified Income and DJI is 0.83 (i.e., Very poor 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

0.82	WRAAX	Wilmington Global Alpha	Pair Corr
0.81	WRAIX	Wilmington Global Alpha	Pair Corr
0.61	WTABX	Wilmington Municipal Bond	Pair Corr
1.0	WDIIX	Wilmington Diversified	Pair Corr
0.77	WMMRX	Wilmington Multi Man	Pair Corr
0.76	WMRIX	Wilmington Multi-manager	Pair Corr
0.66	WNYAX	Wilmington New York	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.91	DOXGX	Dodge Cox Stock	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.98	FFMMX	American Funds American	Pair Corr
0.98	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.9	AMFFX	American Mutual	Pair Corr
0.9	AMFCX	American Mutual	Pair Corr
0.91	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.68	RYMEX	Commodities Strategy	Pair Corr
0.86	JLBHX	Retirement Living Through	Pair Corr
0.83	AWF	Alliancebernstein	Pair Corr
0.88	AQRRX	Aqr Risk Parity	Pair Corr

Related Correlations Analysis

	FFCGX	RPBAX	WABMSX	FTUFOX	FURYAX	IAADX	FVKVWX	OPTCX
FFCGX		0.83	0.98	-0.02	0.85	0.27	0.54	0.21	FFCGX
RPBAX	0.83		0.84	0.26	0.64	0.55	0.35	0.43	RPBAX
WABMSX	0.98	0.84		0.09	0.85	0.28	0.59	0.12	WABMSX
FTUFOX	-0.02	0.26	0.09		-0.31	0.74	-0.16	0.38	FTUFOX
FURYAX	0.85	0.64	0.85	-0.31		-0.11	0.61	-0.1	FURYAX
IAADX	0.27	0.55	0.28	0.74	-0.11		-0.03	0.71	IAADX
FVKVWX	0.54	0.35	0.59	-0.16	0.61	-0.03		-0.12	FVKVWX
OPTCX	0.21	0.43	0.12	0.38	-0.1	0.71	-0.12		OPTCX
	FFCGX	RPBAX	WABMSX	FTUFOX	FURYAX	IAADX	FVKVWX	OPTCX

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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

WABMSX	+ 0.98	FFCGX
FURYAX	+ 0.85	FFCGX
FURYAX	+ 0.85	WABMSX
WABMSX	+ 0.84	RPBAX
RPBAX	+ 0.83	FFCGX
IAADX	+ 0.74	FTUFOX

High negative correlations

FURYAX	- 0.31	FTUFOX
FVKVWX	- 0.16	FTUFOX
OPTCX	- 0.12	FVKVWX
IAADX	- 0.11	FURYAX
OPTCX	- 0.1	FURYAX
FVKVWX	- 0.03	IAADX

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
FFCGX	0.72	0.04	0.05	0.03	0.92	(0.75)	1.37	(1.45)	4.66
RPBAX	0.46	0.02	0.08	(0.19)	0.58	(0.46)	0.93	(0.99)	2.71
WABMSX	0.61	0.03	0.05	0.02	0.80	(0.61)	1.13	(1.21)	3.66
FTUFOX	0.10	0.00	0.22	0.08	0.03	(0.10)	0.20	(0.19)	0.60
FURYAX	0.68	0.00	0.00	(0.02)	0.00	0.00	1.21	(1.39)	2.96
IAADX	0.19	0.01	0.14	0.43	0.15	(0.25)	0.45	(0.34)	0.90
FVKVWX	0.71	0.10	0.10	0.14	1.01	(0.72)	1.50	(1.67)	4.47
OPTCX	0.06	0.00	0.14	0.34	0.00	(0.18)	0.21	(0.10)	0.93

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