Delaware Minnesota Correlations

Mutual Funds . USA . 
Fund . Delaware Minnesota High Yield
DMHIX Fund  USD 9.98  0.01  0.10%   
The current 90-days correlation between Delaware Minnesota High and Science Technology Fund is 0.21 (i.e., Modest diversification). The correlation of Delaware Minnesota 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 Minnesota Correlation With Market

Poor diversification

The correlation between Delaware Minnesota High Yield and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Minnesota High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Minnesota High Yield. 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 Delaware Mutual Fund

  0.79OASGX Optimum Small MidPairCorr
  0.78OASVX Optimum Small MidPairCorr
  0.85OCIEX Optimum InternationalPairCorr
  0.79OCLVX Optimum Large CapPairCorr
  0.68OCLGX Optimum Large CapPairCorr
  0.78OCSGX Optimum Small MidPairCorr
  0.76OCSVX Optimum Small MidPairCorr
  0.67DLHIX Delaware HealthcarePairCorr
  0.66DLRHX Delaware HealthcarePairCorr
  0.85DLTZX Delaware Limited TermPairCorr
  0.78DLTRX Delaware Limited TermPairCorr
  0.99DMNIX Delaware Tax FreePairCorr
  0.85OIIEX Optimum InternationalPairCorr
  0.8OILVX Optimum Large CapPairCorr
  0.75DPFFX Delaware DiversifiedPairCorr
  0.75OISGX Optimum Small MidPairCorr
  0.78OISVX Optimum Small MidPairCorr
  0.83DPRSX Delaware ReitPairCorr
  0.82DPRRX Delaware ReitPairCorr
  0.71DPRFX Delaware DiversifiedPairCorr
  0.83DPRDX Real EstatePairCorr
  0.79DPZRX Delaware DiversifiedPairCorr
  0.66FICHX First Investors SelectPairCorr
  0.76FICGX First Investors SelectPairCorr
  0.83FIZRX Delaware OpportunityPairCorr
  0.84DTINX Delaware Limited TermPairCorr
  0.89DTIDX Delaware Tax FreePairCorr
  0.72DTPIX Delaware Tax FreePairCorr
  0.81DCCIX Delaware Small CapPairCorr
  0.81DCCRX Delaware Small CapPairCorr
  0.81DCOIX Delaware Tax FreePairCorr
  0.86DUGRX Delaware Strategic IncomePairCorr

Moving against Delaware Mutual Fund

  0.63DMO Western Asset MortgagePairCorr

Related Correlations Analysis


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

MTCCX
+ 0.94
RYBOX
USTCX
+ 0.93
MTCCX
RYBOX
+ 0.92
FRBRX
USTCX
+ 0.87
RYBOX
MTCCX
+ 0.81
FRBRX
USTCX
+ 0.76
FRBRX
  

High negative correlations

FIJYX
- 0.05
ROGSX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Minnesota 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 Minnesota'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY