Wilmington Diversified Correlations

WDIIX Fund

USD 14.15 0.01 0.07%

The current 90-days correlation between Wilmington Diversified and Wilmington Global Alpha is 0.77 (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

Almost no diversification

The correlation between Wilmington Diversified Income and DJI is 0.9 (i.e., Almost no 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 gross domestic product.

Moving together with Wilmington Mutual Fund

0.96	WRAAX	Wilmington Global Alpha	Pair Corr
0.96	WRAIX	Wilmington Global Alpha	Pair Corr
1.0	WDIAX	Wilmington Diversified	Pair Corr
0.91	WMLIX	Wilmington Large Cap	Pair Corr
0.96	VVIAX	Vanguard Value Index	Pair Corr
0.88	DOXGX	Dodge Cox Stock	Pair Corr
0.99	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.99	AMRMX	American Mutual	Pair Corr
0.99	AMFFX	American Mutual	Pair Corr
0.99	AMFCX	American Mutual	Pair Corr
0.88	DODGX	Dodge Stock Fund	Pair Corr
0.96	VIVAX	Vanguard Value Index	Pair Corr
0.8	PFN	Pimco Income Strategy	Pair Corr
0.85	XNKGX	Nuveen Georgia Quality	Pair Corr
0.62	XPPRX	Voya Prime Rate	Pair Corr
0.83	PCF	Putnam High Income	Pair Corr
0.92	RNGHX	New Economy Fund	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.85	NBGIX	Neuberger Berman Genesis	Pair Corr
0.82	FSELX	Fidelity Select Semi	Pair Corr
0.88	TAIAX	American Funds Tax	Pair Corr

Moving against Wilmington Mutual Fund

0.57	WABMX	Wilmington Broad Market	Pair Corr
0.57	WIBMX	Wilmington Broad Market	Pair Corr
0.51	XNXJX	Nuveen New Jersey	Pair Corr
0.41	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	WRAAX	WRAIX	WABMX	WTABX	WTAIX	WDIAX	WIBMX	WINAX	WINIX
WRAAX		1.0	-0.43	-0.03	-0.07	0.96	-0.43	0.14	0.15	WRAAX
WRAIX	1.0		-0.44	-0.04	-0.08	0.96	-0.44	0.12	0.14	WRAIX
WABMX	-0.43	-0.44		0.77	0.79	-0.57	1.0	0.53	0.52	WABMX
WTABX	-0.03	-0.04	0.77		0.99	-0.17	0.77	0.48	0.48	WTABX
WTAIX	-0.07	-0.08	0.79	0.99		-0.21	0.79	0.44	0.43	WTAIX
WDIAX	0.96	0.96	-0.57	-0.17	-0.21		-0.56	0.0	0.01	WDIAX
WIBMX	-0.43	-0.44	1.0	0.77	0.79	-0.56		0.52	0.51	WIBMX
WINAX	0.14	0.12	0.53	0.48	0.44	0.0	0.52		1.0	WINAX
WINIX	0.15	0.14	0.52	0.48	0.43	0.01	0.51	1.0		WINIX
	WRAAX	WRAIX	WABMX	WTABX	WTAIX	WDIAX	WIBMX	WINAX	WINIX

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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

WRAIX	+ 1.0	WRAAX
WIBMX	+ 1.0	WABMX
WINIX	+ 1.0	WINAX
WTAIX	+ 0.99	WTABX
WDIAX	+ 0.96	WRAAX
WDIAX	+ 0.96	WRAIX

High negative correlations

WDIAX	- 0.57	WABMX
WIBMX	- 0.56	WDIAX
WIBMX	- 0.44	WRAIX
WABMX	- 0.44	WRAIX
WIBMX	- 0.43	WRAAX
WABMX	- 0.43	WRAAX

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
WRAAX	0.23	(0.02)	(0.33)	0.06	0.24	(0.26)	0.38	(0.60)	1.29
WRAIX	0.23	(0.02)	(0.33)	0.07	0.23	(0.26)	0.44	(0.59)	1.26
WABMX	0.21	(0.01)	0.00	0.36	0.00	0.00	0.44	(0.56)	1.36
WTABX	0.12	0.01	(0.39)	0.02	0.17	(0.17)	0.24	(0.32)	1.06
WTAIX	0.12	0.01	(0.40)	(0.02)	0.18	(0.16)	0.25	(0.32)	1.14
WDIAX	0.51	(0.04)	(0.10)	0.08	0.44	(0.64)	1.16	(1.00)	3.56
WIBMX	0.22	(0.01)	0.00	0.34	0.00	0.00	0.45	(0.57)	1.24
WINAX	0.59	(0.10)	0.00	(0.12)	0.00	0.00	1.08	(1.36)	3.43
WINIX	0.59	(0.10)	0.00	(0.11)	0.00	0.00	1.06	(1.45)	3.49

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