Wilmington Municipal Correlations

WTAIX Fund

USD 12.38 0.02 0.16%

The current 90-days correlation between Wilmington Municipal Bond and Wilmington Broad Market is 0.05 (i.e., Significant diversification). The correlation of Wilmington Municipal 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 Municipal Correlation With Market

Significant diversification

The correlation between Wilmington Municipal Bond and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Municipal Bond 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 Municipal Bond. 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

0.77	WRAAX	Wilmington Global Alpha	Pair Corr
0.95	WTABX	Wilmington Municipal Bond	Pair Corr
0.63	WDIAX	Wilmington Diversified	Pair Corr
0.66	WMLIX	Wilmington Large Cap	Pair Corr
0.84	VWITX	Vanguard Intermediate-ter	Pair Corr
0.85	VWIUX	Vanguard Intermediate	Pair Corr
0.91	AFTEX	Tax Exempt Bond	Pair Corr
0.96	AFTFX	Tax Exempt Bond	Pair Corr
0.94	TEBCX	Tax Exempt Bond	Pair Corr
0.87	TEAFX	Tax Exempt Bond	Pair Corr
0.87	TFEBX	Tax Exempt Bond	Pair Corr
0.83	FLTMX	Fidelity Intermediate	Pair Corr
0.93	MDNLX	Blackrock National	Pair Corr
0.89	MFNLX	Blackrock Natl Muni	Pair Corr
0.82	PBBIX	Fundvantage Trust	Pair Corr
0.71	WARIX	Western Asset Total	Pair Corr
0.69	APDKX	Artisan International	Pair Corr
0.67	DFCEX	Emerging Markets E	Pair Corr
0.61	FCEEX	Franklin Fund Allocator	Pair Corr
0.7	PRRIX	Real Return Fund	Pair Corr
0.62	JAACX	Alternative Asset	Pair Corr

Moving against WILMINGTON Mutual Fund

0.81	SRPSX	Short Real Estate	Pair Corr
0.63	RYIFX	Guggenheim Managed	Pair Corr
0.42	CCD	Calamos Dynamic Conv	Pair Corr

Related Correlations Analysis

	WIBMX	WRAAX	WRAIX	WINAX	WINIX	WABMX	WTABX	WTAIX	WDIIX
WIBMX		0.73	0.69	0.59	0.67	0.93	0.92	0.85	0.61	WIBMX
WRAAX	0.73		0.93	0.83	0.91	0.76	0.83	0.77	0.86	WRAAX
WRAIX	0.69	0.93		0.88	0.85	0.66	0.76	0.68	0.93	WRAIX
WINAX	0.59	0.83	0.88		0.85	0.58	0.69	0.64	0.86	WINAX
WINIX	0.67	0.91	0.85	0.85		0.7	0.77	0.75	0.79	WINIX
WABMX	0.93	0.76	0.66	0.58	0.7		0.93	0.94	0.57	WABMX
WTABX	0.92	0.83	0.76	0.69	0.77	0.93		0.95	0.68	WTABX
WTAIX	0.85	0.77	0.68	0.64	0.75	0.94	0.95		0.6	WTAIX
WDIIX	0.61	0.86	0.93	0.86	0.79	0.57	0.68	0.6		WDIIX
	WIBMX	WRAAX	WRAIX	WINAX	WINIX	WABMX	WTABX	WTAIX	WDIIX

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Risk-Adjusted Indicators

There is a big difference between WILMINGTON Mutual Fund performing well and Wilmington Municipal 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 Municipal'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
WIBMX	0.23	(0.01)	0.00	(0.10)	0.26	(0.30)	0.57	(0.58)	1.40
WRAAX	0.21	(0.01)	(0.01)	0.71	0.33	(0.23)	0.46	(0.46)	1.31
WRAIX	0.22	(0.01)	0.00	(0.05)	0.00	0.00	0.52	(0.45)	1.36
WINAX	0.52	0.06	0.10	0.16	0.60	(0.59)	1.20	(0.75)	3.19
WINIX	0.52	0.06	0.09	(1.15)	0.64	(0.57)	1.23	(1.18)	3.05
WABMX	0.22	0.00	0.00	0.00	0.25	(0.28)	0.46	(0.45)	1.26
WTABX	0.13	(0.01)	0.00	(0.13)	0.20	(0.15)	0.32	(0.33)	0.90
WTAIX	0.14	(0.01)	0.00	(0.55)	0.21	(0.15)	0.33	(0.40)	0.82
WDIIX	0.55	(0.03)	0.00	(0.07)	0.00	0.00	1.07	(0.97)	3.63

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