Delaware National Correlations

Mutual Funds . USA . 
Fund . Delaware National Municipal
XVFLX Fund  USD 11.75  0.06  0.51%   
The current 90-days correlation between Delaware National and Vanguard Total Stock is 0.31 (i.e., Weak diversification). The correlation of Delaware National 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.

Delaware National Correlation With Market

Average diversification

The correlation between Delaware National Municipal and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware National Municipal 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 Delaware National Municipal. 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 bureau of economic analysis.

Moving together with Delaware Mutual Fund

  0.82TSBRX Tiaa Cref SocialPairCorr
  0.76CGAFX Calvert Green BondPairCorr
  0.8ATBYX Intermediate Term TaxPairCorr
  0.65PBPAX Pimco Realpath BlendPairCorr

Moving against Delaware Mutual Fund

  0.54BGCKX Blackrock Global LonPairCorr
  0.54RUSIX Rbc Ultra ShortPairCorr
  0.5FLOTX Power Floating RatePairCorr
  0.5LUSNX Lord Abbett UltraPairCorr
  0.48QLEIX Aqr Long ShortPairCorr
  0.38AGVRX Invesco GovernmentPairCorr
  0.5BXMYX Blackstone AlternativePairCorr
  0.4FGUAX Federated GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware National 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 Delaware National'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.60  0.02  0.03  0.05  0.86 
(0.57)
 1.08 
(1.30)
 3.96 
VFIAX  0.58  0.03  0.03  0.06  0.82 
(0.52)
 1.09 
(1.31)
 3.76 
VTSMX  0.60  0.02  0.02  0.05  0.87 
(0.57)
 1.08 
(1.31)
 3.98 
VITSX  0.60  0.02  0.03  0.05  0.86 
(0.57)
 1.08 
(1.30)
 3.97 
VSTSX  0.60  0.02  0.03  0.05  0.86 
(0.57)
 1.09 
(1.31)
 3.97 
VSMPX  0.60  0.02  0.03  0.05  0.86 
(0.57)
 1.09 
(1.30)
 3.96 
VFINX  0.58  0.03  0.03  0.05  0.82 
(0.52)
 1.09 
(1.31)
 3.77 
VFFSX  0.58  0.03  0.03  0.06  0.82 
(0.52)
 1.09 
(1.31)
 3.76 
VGTSX  0.51  0.03  0.04  0.08  0.71 
(0.51)
 1.13 
(1.07)
 2.95 
VTIAX  0.51  0.03  0.04  0.08  0.71 
(0.50)
 1.12 
(1.07)
 3.00 

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