Delaware Wealth Correlations

Mutual Funds . USA . 
Fund . Delaware Wealth Builder
DDDRX Fund  USD 15.33  0.07  0.46%   
The current 90-days correlation between Delaware Wealth Builder and Matson Money Equity is 0.92 (i.e., Almost no diversification). The correlation of Delaware Wealth 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 Wealth Correlation With Market

Almost no diversification

The correlation between Delaware Wealth Builder and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Wealth Builder 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 Wealth Builder. 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 metropolitan statistical area.

Moving together with Delaware Mutual Fund

  0.99OASGX Optimum Small MidPairCorr
  0.98OASVX Optimum Small MidPairCorr
  0.65IMAAX Ivy Apollo MultiPairCorr
  0.71OCFIX Optimum Fixed IncomePairCorr
  0.99WASAX Ivy Asset StrategyPairCorr
  0.97WSGAX Ivy Small CapPairCorr
  1.0OCLVX Optimum Large CapPairCorr
  0.98OCLGX Optimum Large CapPairCorr
  0.99OCSGX Optimum Small MidPairCorr
  0.98OCSVX Optimum Small MidPairCorr
  0.99WSTAX Ivy Science AndPairCorr
  0.92DMO Western Asset MortgagePairCorr
  0.99WCEAX Ivy E EquityPairCorr
  0.87DLTZX Delaware Limited TermPairCorr
  0.87DLTRX Delaware Limited TermPairCorr
  0.97IPOAX Ivy Emerging MarketsPairCorr
  0.77IRSAX Ivy Advantus RealPairCorr
  0.75OIFIX Optimum Fixed IncomePairCorr
  0.96OIIEX Optimum InternationalPairCorr
  0.99OILGX Optimum Large CapPairCorr
  1.0OILVX Optimum Large CapPairCorr
  0.77DPCFX Delaware DiversifiedPairCorr
  0.8DPDFX Delaware DiversifiedPairCorr
  0.8DPFFX Delaware DiversifiedPairCorr
  0.99OISGX Optimum Small MidPairCorr
  0.98OISVX Optimum Small MidPairCorr

Moving against Delaware Mutual Fund

  0.35VAZIX Delaware Tax FreePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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