Delaware Wealth Correlations

DDICX Fund

USD 15.38 0.03 0.20%

The current 90-days correlation between Delaware Wealth Builder and Optimum Small Mid Cap is -0.15 (i.e., Good 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

Good diversification

The correlation between Delaware Wealth Builder and DJI is -0.13 (i.e., Good 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 main economic indicators.

Moving together with Delaware Mutual Fund

0.63	IMAAX	Ivy Apollo Multi	Pair Corr
0.98	OCLVX	Optimum Large Cap	Pair Corr
0.98	WSTAX	Ivy Science And	Pair Corr
0.98	WCEAX	Ivy E Equity	Pair Corr
0.86	DLTZX	Delaware Limited Term	Pair Corr
0.86	DLTRX	Delaware Limited Term	Pair Corr
0.97	IPOAX	Ivy Emerging Markets	Pair Corr
0.75	OIFIX	Optimum Fixed Income	Pair Corr
0.99	OILGX	Optimum Large Cap	Pair Corr
1.0	OILVX	Optimum Large Cap	Pair Corr
0.77	DPCFX	Delaware Diversified	Pair Corr
0.8	DPDFX	Delaware Diversified	Pair Corr
0.79	DPFFX	Delaware Diversified	Pair Corr
0.99	OISGX	Optimum Small Mid	Pair Corr
0.98	OISVX	Optimum Small Mid	Pair Corr
0.98	FGINX	First Investors Growth	Pair Corr
0.95	DPRSX	Delaware Reit	Pair Corr

Moving against Delaware Mutual Fund

0.36

VAZIX

Delaware Tax Free

Pair Corr

Related Correlations Analysis

	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX
OASGX		0.96	-0.3	0.55	0.99	0.98	0.43	0.49	0.97	1.0	OASGX
OASVX	0.96		-0.29	0.52	0.94	0.92	0.38	0.49	0.91	0.96	OASVX
IMAAX	-0.3	-0.29		-0.33	-0.26	-0.19	0.66	0.63	-0.28	-0.27	IMAAX
OCFIX	0.55	0.52	-0.33		0.58	0.45	0.09	0.21	0.51	0.55	OCFIX
WASAX	0.99	0.94	-0.26	0.58		0.97	0.48	0.52	0.98	0.99	WASAX
WSGAX	0.98	0.92	-0.19	0.45	0.97		0.52	0.55	0.95	0.98	WSGAX
OCIEX	0.43	0.38	0.66	0.09	0.48	0.52		0.95	0.45	0.45	OCIEX
OCLVX	0.49	0.49	0.63	0.21	0.52	0.55	0.95		0.47	0.51	OCLVX
OCLGX	0.97	0.91	-0.28	0.51	0.98	0.95	0.45	0.47		0.97	OCLGX
OCSGX	1.0	0.96	-0.27	0.55	0.99	0.98	0.45	0.51	0.97		OCSGX
	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX

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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

OCSGX	+ 1.0	OASGX
WASAX	+ 0.99	OASGX
OCSGX	+ 0.99	WASAX
WSGAX	+ 0.98	OASGX
OCLGX	+ 0.98	WASAX
OCSGX	+ 0.98	WSGAX

High negative correlations

OCFIX	- 0.33	IMAAX
IMAAX	- 0.3	OASGX
IMAAX	- 0.29	OASVX
OCLGX	- 0.28	IMAAX
OCSGX	- 0.27	IMAAX
WASAX	- 0.26	IMAAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OASGX	0.79	0.12	0.08	0.31	0.58	(0.94)	1.76	(1.17)	6.95
OASVX	0.80	0.05	0.02	0.23	0.76	(0.93)	1.97	(1.29)	6.81
IMAAX	0.03	0.00	0.00	0.43	0.00	0.00	0.11	0.00	0.45
OCFIX	0.24	0.01	(0.45)	0.38	0.22	(0.29)	0.35	(0.46)	1.27
WASAX	0.29	0.09	(0.07)	0.46	0.00	(0.35)	0.97	(0.53)	2.37
WSGAX	0.77	0.09	0.04	0.30	0.63	(0.87)	1.66	(1.39)	4.89
OCIEX	0.49	0.20	0.08	2.96	0.00	(0.61)	1.25	(0.83)	3.22
OCLVX	0.56	0.04	0.00	0.22	0.49	(0.66)	1.46	(0.86)	3.86
OCLGX	0.69	0.35	0.22	(2.66)	0.00	(0.87)	1.51	(1.08)	5.62
OCSGX	0.77	0.11	0.07	0.30	0.57	(1.02)	1.83	(1.17)	6.89

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