Wilmington Broad Correlations

WIBMX Fund

USD 8.73 0.01 0.11%

The current 90-days correlation between Wilmington Broad Market and Alpine High Yield is -0.01 (i.e., Good diversification). The correlation of Wilmington Broad 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 Broad Correlation With Market

Average diversification

The correlation between Wilmington Broad Market and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Broad Market 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 Broad Market. 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 population.

Moving together with Wilmington Mutual Fund

0.65	WRAAX	Wilmington Global Alpha	Pair Corr
0.65	WRAIX	Wilmington Global Alpha	Pair Corr
1.0	WABMX	Wilmington Broad Market	Pair Corr
0.8	WTABX	Wilmington Municipal Bond	Pair Corr
0.82	WTAIX	Wilmington Municipal Bond	Pair Corr
0.88	WINAX	Wilmington International	Pair Corr
0.88	WINIX	Wilmington International	Pair Corr
0.73	WMMRX	Wilmington Multi Man	Pair Corr
0.73	WMRIX	Wilmington Multi-manager	Pair Corr
0.63	WNYAX	Wilmington New York	Pair Corr
0.81	WNYIX	Wilmington New York	Pair Corr
0.91	VBTLX	Vanguard Total Bond	Pair Corr
0.92	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	FBOFX	American Funds	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.82	VTISX	Vanguard Total Inter	Pair Corr
0.86	VTSNX	Vanguard Total Inter	Pair Corr
0.86	VTPSX	Vanguard Total Inter	Pair Corr
0.99	MFAAX	American Funds Mortgage	Pair Corr
0.87	WHYIX	Wells Fargo Advantage	Pair Corr
0.93	THCAX	Thornburg Core Plus	Pair Corr
0.9	TIKPX	Tiaa-cref Inflation-linked	Pair Corr

Moving against Wilmington Mutual Fund

0.52	WMLIX	Wilmington Large Cap	Pair Corr
0.53	VITSX	Vanguard Total Stock	Pair Corr
0.51	VINIX	Vanguard Institutional	Pair Corr
0.47	VSTSX	Vanguard Total Stock	Pair Corr
0.47	VSMPX	Vanguard Total Stock	Pair Corr
0.47	VTSAX	Vanguard Total Stock	Pair Corr
0.43	VFFSX	Vanguard 500 Index	Pair Corr
0.42	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	AHYMX	TAHFX	MRHYX	PBHAX	GHVIX	ARTFX	PHDTX
AHYMX		0.7	0.68	0.9	0.87	0.88	0.91	AHYMX
TAHFX	0.7		0.85	0.72	0.76	0.77	0.73	TAHFX
MRHYX	0.68	0.85		0.65	0.74	0.68	0.72	MRHYX
PBHAX	0.9	0.72	0.65		0.96	0.98	0.97	PBHAX
GHVIX	0.87	0.76	0.74	0.96		0.96	0.98	GHVIX
ARTFX	0.88	0.77	0.68	0.98	0.96		0.94	ARTFX
PHDTX	0.91	0.73	0.72	0.97	0.98	0.94		PHDTX
	AHYMX	TAHFX	MRHYX	PBHAX	GHVIX	ARTFX	PHDTX

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Broad 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 Broad'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
AHYMX	0.13	(0.01)	(0.04)	0.22	0.15	(0.18)	0.22	(0.33)	0.76
TAHFX	0.16	0.01	0.04	0.10	0.08	(0.21)	0.49	(0.25)	1.24
MRHYX	0.12	0.01	0.04	(6.79)	0.00	(0.18)	0.24	(0.24)	0.95
PBHAX	0.16	0.02	0.05	(0.29)	0.00	(0.29)	0.41	(0.21)	1.26
GHVIX	0.16	0.01	0.02	(0.16)	0.15	(0.17)	0.30	(0.35)	1.01
ARTFX	0.13	0.01	0.01	(0.14)	0.07	(0.19)	0.44	(0.22)	0.89
PHDTX	0.12	0.01	0.03	(0.63)	0.05	(0.16)	0.23	(0.23)	0.79

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