Delaware Diversified Correlations

DPDFX Fund

USD 7.79 0.01 0.13%

The current 90-days correlation between Delaware Diversified and Delaware Healthcare Fund is 0.19 (i.e., Average diversification). The correlation of Delaware Diversified 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 Diversified Correlation With Market

Very weak diversification

The correlation between Delaware Diversified Income and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Diversified Income 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 Diversified Income. 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 price.

Moving together with Delaware Mutual Fund

0.9	CXHYX	Delaware National High	Pair Corr
0.94	FTNYX	Delaware Tax Free	Pair Corr
0.94	FTORX	First Investors Tax	Pair Corr
0.93	FTOTX	First Investors Tax	Pair Corr
0.78	IPOAX	Ivy Emerging Markets	Pair Corr
0.93	DMOCX	Delaware Tax Free	Pair Corr
0.92	DMTFX	Delaware Tax Free	Pair Corr
0.93	DMUSX	Delaware Tax Free	Pair Corr
0.94	VCTFX	Delaware Tax Free	Pair Corr
0.94	DPCFX	Delaware Diversified	Pair Corr
0.63	FGIPX	First Investors Growth	Pair Corr
0.77	FGINX	First Investors Growth	Pair Corr
0.9	DPREX	Delaware Reit	Pair Corr
0.9	DPRCX	Delaware Reit	Pair Corr
0.93	DPTCX	Delaware Tax Free	Pair Corr
0.9	FIUSX	First Investors Oppo	Pair Corr
0.72	FIVUX	First Investors Oppo	Pair Corr
0.94	IVSAX	Ivy Global Bond	Pair Corr
0.83	IEYAX	Ivy Energy Fund	Pair Corr
0.86	DTICX	Delaware Limited Term	Pair Corr
0.79	DTRIX	Delaware Limited Term	Pair Corr
0.94	DUICX	Delaware Tax Free	Pair Corr
0.94	VIDAX	Delaware Tax Free	Pair Corr

Moving against Delaware Mutual Fund

0.67	WLGAX	Ivy Large Cap	Pair Corr
0.34	DDFCX	Delaware Floating Rate	Pair Corr

Related Correlations Analysis

	WASAX	WSGAX	WSTAX	CXHYX	WCEAX	FTNYX	FTORX	FTOTX	DLHCX	DLHAX
WASAX		0.92	0.71	0.47	0.97	0.53	0.65	0.67	0.75	0.8	WASAX
WSGAX	0.92		0.55	0.33	0.94	0.39	0.5	0.52	0.69	0.72	WSGAX
WSTAX	0.71	0.55		0.5	0.62	0.47	0.56	0.59	0.62	0.66	WSTAX
CXHYX	0.47	0.33	0.5		0.27	0.97	0.96	0.93	0.36	0.4	CXHYX
WCEAX	0.97	0.94	0.62	0.27		0.34	0.47	0.49	0.71	0.75	WCEAX
FTNYX	0.53	0.39	0.47	0.97	0.34		0.99	0.96	0.41	0.45	FTNYX
FTORX	0.65	0.5	0.56	0.96	0.47	0.99		0.97	0.5	0.54	FTORX
FTOTX	0.67	0.52	0.59	0.93	0.49	0.96	0.97		0.52	0.56	FTOTX
DLHCX	0.75	0.69	0.62	0.36	0.71	0.41	0.5	0.52		0.89	DLHCX
DLHAX	0.8	0.72	0.66	0.4	0.75	0.45	0.54	0.56	0.89		DLHAX
	WASAX	WSGAX	WSTAX	CXHYX	WCEAX	FTNYX	FTORX	FTOTX	DLHCX	DLHAX

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Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Diversified 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 Diversified'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
WASAX	0.55	0.24	0.30	(1.28)	0.00	(0.66)	0.96	(0.77)	10.31
WSGAX	1.92	0.59	0.15	4.51	2.94	(2.43)	1.69	(1.47)	68.29
WSTAX	1.12	0.13	0.05	(0.69)	1.53	(1.11)	2.07	(2.36)	7.16
CXHYX	0.12	0.01	(0.13)	(1.51)	0.07	(0.18)	0.31	(0.31)	0.93
WCEAX	0.83	0.28	0.26	(1.14)	0.51	(0.97)	1.10	(1.21)	17.19
FTNYX	0.11	0.01	(0.10)	2.26	0.00	(0.18)	0.29	(0.29)	0.97
FTORX	0.10	0.00	(0.10)	0.00	0.00	(0.13)	0.25	(0.25)	0.82
FTOTX	0.11	0.01	(0.11)	0.57	0.07	(0.15)	0.25	(0.32)	0.83
DLHCX	0.85	0.10	0.10	0.22	0.70	(1.10)	1.91	(1.46)	9.05
DLHAX	0.89	0.17	0.16	0.96	0.62	(1.15)	1.93	(1.46)	10.20

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