Wilmington Diversified Correlations

Mutual Funds . USA . 
Fund . Wilmington Diversified Income
WDIAX Fund  USD 14.40  0.01  0.07%   
The current 90-days correlation between Wilmington Diversified and Wilmington Global Alpha is 0.79 (i.e., Poor diversification). The correlation of Wilmington 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.

Wilmington Diversified Correlation With Market

Good diversification

The correlation between Wilmington Diversified Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Diversified Income 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 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 nation.

Moving together with Wilmington Mutual Fund

  0.79WTABX Wilmington Municipal BondPairCorr
  1.0WDIIX Wilmington DiversifiedPairCorr
  0.93WINIX Wilmington InternationalPairCorr
  0.63WMLIX Wilmington Large CapPairCorr
  0.67VVIAX Vanguard Value IndexPairCorr
  0.61DOXGX Dodge Cox StockPairCorr
  0.66AFMFX American MutualPairCorr
  0.67FFMMX American Funds AmericanPairCorr
  0.66FFFMX American Funds AmericanPairCorr
  0.66AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.66AMFCX American MutualPairCorr
  0.61DODGX Dodge Stock FundPairCorr
  0.68VIVAX Vanguard Value IndexPairCorr
  0.61UOPIX Ultra Nasdaq 100PairCorr
  0.64UOPSX Ultranasdaq 100 ProfundPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.75BHBFX Madison Dividend IncomePairCorr
  0.63JSAQX Jpmorgan SmartretirementPairCorr
  0.8GEADX Goldman Sachs EnhancedPairCorr
  0.96PGFMX Putnam Global FinancialsPairCorr
  0.62MAGMX Mfs Growth AllocationPairCorr
  0.62FIWEX Fidelity Municipal IncomePairCorr
  0.93BRXAX Mfs Blended ResearchPairCorr
  0.96GFVRX Goldman Sachs FocusedPairCorr
  0.97JSAPX Jpmorgan SmartretirementPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington 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 Wilmington 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WRAAX  0.20  0.04 (0.24)(0.43) 0.10 
(0.25)
 0.58 
(0.44)
 1.10 
WRAIX  0.19  0.04 (0.22)(0.46) 0.06 
(0.25)
 0.50 
(0.43)
 1.14 
WABMX  0.22  0.04 (0.23) 3.19  0.00 
(0.30)
 0.45 
(0.34)
 1.14 
WTABX  0.08  0.03 (0.70)(2.73) 0.00 
(0.14)
 0.25 
(0.08)
 0.41 
WTAIX  0.09  0.03 (0.61)(1.51) 0.00 
(0.15)
 0.25 
(0.16)
 0.58 
WDIAX  0.43  0.10 (0.01)(1.34) 0.41 
(0.46)
 0.87 
(1.07)
 2.22 
WDIIX  0.43  0.10  0.00 (1.76) 0.35 
(0.48)
 0.96 
(0.76)
 2.24 
WIBMX  0.22  0.04 (0.24) 0.67  0.00 
(0.30)
 0.46 
(0.23)
 1.03 
WINAX  0.50  0.06 (0.05)(3.56) 0.69 
(0.52)
 1.16 
(1.04)
 3.33 
WINIX  0.47  0.09 (0.02)(1.74) 0.44 
(0.52)
 1.11 
(1.03)
 2.98 

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