Wilmington Multi-manager Correlations

WMRIX Fund

USD 14.47 0.03 0.21%

The current 90-days correlation between Wilmington Multi-manager and Diversified Bond Fund is 0.02 (i.e., Significant diversification). The correlation of Wilmington Multi-manager 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 Multi-manager Correlation With Market

Good diversification

The correlation between Wilmington Multi Manager Real and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Multi Manager Real 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 Multi Manager Real. 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

0.86	WRAAX	Wilmington Global Alpha	Pair Corr
0.67	WRAIX	Wilmington Global Alpha	Pair Corr
0.74	WABMX	Wilmington Broad Market	Pair Corr
0.64	WTABX	Wilmington Municipal Bond	Pair Corr
0.67	WTAIX	Wilmington Municipal Bond	Pair Corr
0.69	WDIIX	Wilmington Diversified	Pair Corr
0.75	WIBMX	Wilmington Broad Market	Pair Corr
0.66	WINAX	Wilmington International	Pair Corr
0.74	WINIX	Wilmington International	Pair Corr
0.73	WMMRX	Wilmington Multi Man	Pair Corr
0.67	WNYAX	Wilmington New York	Pair Corr
0.63	WNYIX	Wilmington New York	Pair Corr
0.84	RIRAX	Capital Income Builder	Pair Corr
0.79	RIREX	Capital Income Builder	Pair Corr
0.79	RIRCX	Capital Income Builder	Pair Corr
0.79	RIRFX	Capital Income Builder	Pair Corr
0.79	CIRCX	Capital Income Builder	Pair Corr
0.94	CIREX	Capital Income Builder	Pair Corr
0.94	RIRBX	Capital Income Builder	Pair Corr
0.79	CAIFX	Capital Income Builder	Pair Corr
0.84	CIRFX	Capital Income Builder	Pair Corr
0.94	CIRAX	Capital Income Builder	Pair Corr
0.71	JOEAX	Johcm Emerging Markets	Pair Corr
0.77	ARMGX	Western Asset Adjustable	Pair Corr
0.77	DISMX	Dfa International	Pair Corr
0.68	FHYCX	Federated High Yield	Pair Corr
0.69	PEAPX	International Emerging	Pair Corr
0.64	MBFAX	Total Return Bond	Pair Corr
0.89	RYAEX	Europe 125x Strategy	Pair Corr

Moving against Wilmington Mutual Fund

0.42	SMPIX	Semiconductor Ultrasector	Pair Corr
0.4	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	CDBCX	ACDOX	DIFIX	JDJRX	SRDAX	MBLAX	HIIDX
CDBCX		0.96	0.95	0.26	-0.43	0.6	0.86	CDBCX
ACDOX	0.96		0.92	0.25	-0.44	0.51	0.87	ACDOX
DIFIX	0.95	0.92		0.46	-0.33	0.77	0.93	DIFIX
JDJRX	0.26	0.25	0.46		0.28	0.7	0.35	JDJRX
SRDAX	-0.43	-0.44	-0.33	0.28		0.02	-0.31	SRDAX
MBLAX	0.6	0.51	0.77	0.7	0.02		0.68	MBLAX
HIIDX	0.86	0.87	0.93	0.35	-0.31	0.68		HIIDX
	CDBCX	ACDOX	DIFIX	JDJRX	SRDAX	MBLAX	HIIDX

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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

ACDOX	+ 0.96	CDBCX
DIFIX	+ 0.95	CDBCX
HIIDX	+ 0.93	DIFIX
DIFIX	+ 0.92	ACDOX
HIIDX	+ 0.87	ACDOX
HIIDX	+ 0.86	CDBCX

High negative correlations

SRDAX	- 0.44	ACDOX
SRDAX	- 0.43	CDBCX
SRDAX	- 0.33	DIFIX
HIIDX	- 0.31	SRDAX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Multi-manager 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 Multi-manager'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
CDBCX	0.24	0.00	0.12	0.16	0.24	(0.30)	0.56	(0.44)	1.34
ACDOX	0.24	0.01	0.17	(0.19)	0.21	(0.30)	0.55	(0.43)	1.46
DIFIX	0.28	0.01	0.10	0.03	0.35	(0.33)	0.58	(0.57)	1.51
JDJRX	0.33	0.00	0.08	(0.11)	0.39	(0.41)	0.66	(0.75)	2.62
SRDAX	0.16	0.00	0.15	(0.11)	0.16	(0.20)	0.29	(0.37)	0.76
MBLAX	0.27	0.00	0.08	(0.02)	0.35	(0.30)	0.62	(0.54)	1.51
HIIDX	0.62	0.08	0.10	0.10	0.82	(0.64)	1.27	(0.97)	5.23

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