IVY SCIENCE Correlations

WSTAX Fund

USD 57.95 -1.80 -3.01%

Current 90-days correlation between Ivy Science And and Heritage Fund Investor is 0.82 (i.e., Very poor diversification).The correlation of IVY SCIENCE 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.

IVY SCIENCE Correlation to Market

Very weak diversification

WSTAX currently posts a 0.51 correlation with DJI, indicating a Very weak diversification relationship for the active sample. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Review Your Current Watchlist for context on portfolio diversification. Portfolio-level transparency adds depth to allocation analysis. A position in Ivy Science And appears within the mix. The allocation reflects this within the position set. Position sizing reflects the allocation methodology applied to the portfolio. All figures are presented for informational review and are not prescriptive. 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 IVY Mutual Fund

0.8	WASAX	Ivy Asset Strategy	Pair Corr
0.7	WSGAX	Ivy Small Cap	Pair Corr
0.65	WCEAX	Ivy E Equity	Pair Corr
0.67	IPOAX	Ivy Emerging Markets	Pair Corr
0.66	DDIAX	Delaware Dividend Incme	Pair Corr
0.66	DDICX	Delaware Wealth Builder	Pair Corr
0.61	DEDCX	Delaware Emerging Markets	Pair Corr

Related Correlations Analysis

	BGSAX	VGICX	NYVTX	VADRX	DFSCX	DFREX	JEPIX	MUTHX	DFEMX	TWHIX
BGSAX		0.45	0.56	0.43	0.37	-0.17	0.24	0.53	0.29	0.77	BGSAX
VGICX	0.45		0.96	0.81	0.96	0.53	0.89	0.95	0.83	0.21	VGICX
NYVTX	0.56	0.96		0.81	0.88	0.41	0.82	0.92	0.79	0.3	NYVTX
VADRX	0.43	0.81	0.81		0.78	0.6	0.81	0.71	0.82	0.09	VADRX
DFSCX	0.37	0.96	0.88	0.78		0.59	0.88	0.89	0.82	0.18	DFSCX
DFREX	-0.17	0.53	0.41	0.6	0.59		0.8	0.36	0.79	-0.49	DFREX
JEPIX	0.24	0.89	0.82	0.81	0.88	0.8		0.8	0.88	-0.04	JEPIX
MUTHX	0.53	0.95	0.92	0.71	0.89	0.36	0.8		0.66	0.43	MUTHX
DFEMX	0.29	0.83	0.79	0.82	0.82	0.79	0.88	0.66		-0.18	DFEMX
TWHIX	0.77	0.21	0.3	0.09	0.18	-0.49	-0.04	0.43	-0.18		TWHIX
	BGSAX	VGICX	NYVTX	VADRX	DFSCX	DFREX	JEPIX	MUTHX	DFEMX	TWHIX

Please upgrade your account to get full access to Macroaxis premium features

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

NYVTX	+ 0.96	VGICX
DFSCX	+ 0.96	VGICX
MUTHX	+ 0.95	VGICX
MUTHX	+ 0.92	NYVTX
JEPIX	+ 0.89	VGICX
MUTHX	+ 0.89	DFSCX

High negative correlations

TWHIX	- 0.49	DFREX
TWHIX	- 0.18	DFEMX
DFREX	- 0.17	BGSAX
TWHIX	- 0.04	JEPIX

Risk-Adjusted Indicators

There is a big difference between IVY Mutual Fund performing well and IVY SCIENCE 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 IVY SCIENCE'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
BGSAX	1.23	0.08	0.00	-0.03	0.00	0.00	2.12	-2.97	8.26
VGICX	0.53	0.05	0.00	-0.03	0.00	0.00	1.07	-1.29	2.89
NYVTX	0.66	0.07	0.00	-0.02	0.00	0.00	1.18	-1.62	3.37
VADRX	0.74	0.21	0.25	0.13	0.67	-0.84	1.23	-1.38	11.42
DFSCX	0.79	0.09	0.00	-0.02	0.00	0.00	1.45	-1.80	4.97
DFREX	0.64	0.06	0.11	0.04	1.03	-0.57	1.44	-1.47	3.27
JEPIX	0.42	0.03	0.00	-0.05	0.00	0.00	0.99	-1.07	3.13
MUTHX	0.56	0.01	0.00	-0.08	0.00	0.00	1.23	-1.34	3.39
DFEMX	0.87	0.18	0.14	0.11	1.25	-0.90	1.85	-1.81	6.95
TWHIX	0.94	-0.01	0.00	-0.11	0.00	0.00	1.52	-2.19	6.33

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC