Wilmington International Correlations

Mutual Funds . USA . 
Fund . Wilmington International Fund
WINAX Fund  USD 9.64  0.06  0.62%   
The current 90-days correlation between Wilmington International and Morningstar International Equity is -0.03 (i.e., Good diversification). The correlation of Wilmington International 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 International Correlation With Market

Very weak diversification

The correlation between Wilmington International Fund and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington International Fund 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 International Fund. 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

  0.81WRAAX Wilmington Global AlphaPairCorr
  0.81WRAIX Wilmington Global AlphaPairCorr
  0.88WABMX Wilmington Broad MarketPairCorr
  0.65WTABX Wilmington Municipal BondPairCorr
  0.66WTAIX Wilmington Municipal BondPairCorr
  0.89WIBMX Wilmington Broad MarketPairCorr
  1.0WINIX Wilmington InternationalPairCorr
  0.85WMMRX Wilmington Multi ManPairCorr
  0.85WMRIX Wilmington Multi-managerPairCorr
  0.62WNYAX Wilmington New YorkPairCorr
  0.66WNYIX Wilmington New YorkPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.96VTMGX Vanguard DevelopedPairCorr
  0.99VDVIX Vanguard DevelopedPairCorr
  0.99VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.97FSPSX Fidelity InternationalPairCorr
  0.67PFJAX Putnam High YieldPairCorr
  0.82PCCMX Pimco Short DurationPairCorr
  0.99IUCEX Jpmorgan InternationalPairCorr
  0.71ARZDX Amg River RoadPairCorr
  0.7NVG Nuveen Amt FreePairCorr

Moving against Wilmington Mutual Fund

  0.4WMLIX Wilmington Large CapPairCorr
  0.56RYVLX Nasdaq 100 2xPairCorr
  0.56RYVYX Nasdaq 100 2xPairCorr
  0.56UOPIX Ultra Nasdaq 100PairCorr
  0.56RYCCX Nasdaq 100 2xPairCorr
  0.56UOPSX Ultranasdaq 100 ProfundPairCorr
  0.55BIPIX Biotechnology UltrasectorPairCorr
  0.54DXQLX Direxion Monthly NasdaqPairCorr
  0.52MKTBX Mainstay Tax FreePairCorr
  0.39INPIX Internet UltrasectorPairCorr
  0.39INPSX Internet UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington International 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 International'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.

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