Delaware Limited Correlations

DLTRX Fund

USD 7.91 0.01 0.13%

The current 90-days correlation between Delaware Limited Term and Goehring Rozencwajg Resources is -0.08 (i.e., Good diversification). The correlation of Delaware Limited 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 Limited Correlation With Market

Significant diversification

The correlation between Delaware Limited Term Diversif and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Limited Term Diversif 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 Limited Term Diversified. 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

0.77	WSGAX	Ivy Small Cap	Pair Corr
0.8	OCIEX	Optimum International	Pair Corr
0.61	OCLVX	Optimum Large Cap	Pair Corr
0.78	OCSVX	Optimum Small Mid	Pair Corr
0.84	WSTAX	Ivy Science And	Pair Corr
0.71	DMO	Western Asset Mortgage	Pair Corr
0.84	WCEAX	Ivy E Equity	Pair Corr
0.71	DLTZX	Delaware Limited Term	Pair Corr
0.81	IPOAX	Ivy Emerging Markets	Pair Corr
0.61	IRSAX	Ivy Advantus Real	Pair Corr
0.92	OIFIX	Optimum Fixed Income	Pair Corr
0.8	OIIEX	Optimum International	Pair Corr
0.81	OILGX	Optimum Large Cap	Pair Corr
0.84	OILVX	Optimum Large Cap	Pair Corr
0.94	DPCFX	Delaware Diversified	Pair Corr
0.95	DPDFX	Delaware Diversified	Pair Corr
0.96	DPFFX	Delaware Diversified	Pair Corr

Moving against Delaware Mutual Fund

0.37

VAZIX

Delaware Tax Free

Pair Corr

Related Correlations Analysis

	GRHAX	GMOWX	XTYGX	IGNAX	ICBAX	PNRCX
GRHAX		0.92	0.5	0.78	0.91	0.97	GRHAX
GMOWX	0.92		0.49	0.71	0.95	0.92	GMOWX
XTYGX	0.5	0.49		0.8	0.43	0.48	XTYGX
IGNAX	0.78	0.71	0.8		0.69	0.73	IGNAX
ICBAX	0.91	0.95	0.43	0.69		0.9	ICBAX
PNRCX	0.97	0.92	0.48	0.73	0.9		PNRCX
	GRHAX	GMOWX	XTYGX	IGNAX	ICBAX	PNRCX

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Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Limited 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 Limited'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
GRHAX	0.94	0.41	0.29	(3.18)	0.40	(1.17)	2.28	(1.42)	5.23
GMOWX	1.21	0.31	0.13	(43.01)	1.04	(1.45)	2.81	(2.06)	7.36
XTYGX	0.80	0.10	(0.03)	7.15	0.94	(0.87)	1.85	(2.06)	5.33
IGNAX	0.72	0.21	0.14	1.49	0.29	(0.94)	1.88	(1.02)	3.09
ICBAX	0.93	0.25	0.10	(3.20)	0.80	(1.05)	2.15	(1.75)	5.13
PNRCX	0.68	0.19	0.10	1.81	0.40	(0.80)	1.74	(1.00)	3.80

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