Delaware Diversified Correlations

Mutual Funds . USA . 
Fund . Delaware Diversified Income
DPDFX Fund  USD 7.62  0.03  0.39%   
The current 90-days correlation between Delaware Diversified and Nuveen Short Term is 0.41 (i.e., Very weak diversification). The correlation of Delaware 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.

Delaware Diversified Correlation With Market

Average diversification

The correlation between Delaware Diversified Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Diversified Income 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 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 census.

Moving together with Delaware Mutual Fund

  0.72OASGX Optimum Small MidPairCorr
  0.68OASVX Optimum Small MidPairCorr
  0.99OCFIX Optimum Fixed IncomePairCorr
  0.72WASAX Ivy Asset StrategyPairCorr
  0.67WSGAX Ivy Small CapPairCorr
  0.66OCIEX Optimum InternationalPairCorr
  0.72OCLVX Optimum Large CapPairCorr
  0.69OCLGX Optimum Large CapPairCorr
  0.71OCSGX Optimum Small MidPairCorr
  0.68OCSVX Optimum Small MidPairCorr
  0.73WSTAX Ivy Science AndPairCorr
  0.77DMO Western Asset MortgagePairCorr
  0.72WCEAX Ivy E EquityPairCorr
  0.64DLHIX Delaware HealthcarePairCorr
  0.63DLHCX Delaware HealthcarePairCorr
  0.64DLHAX Delaware HealthcarePairCorr
  0.64DLRHX Delaware HealthcarePairCorr
  0.95DLTZX Delaware Limited TermPairCorr
  0.92DLTRX Delaware Limited TermPairCorr
  0.7IPOAX Ivy Emerging MarketsPairCorr
  0.61DMNIX Delaware Tax FreePairCorr
  0.62DMUSX Delaware Tax FreePairCorr
  0.99OIFIX Optimum Fixed IncomePairCorr
  0.67OIIEX Optimum InternationalPairCorr
  0.7OILGX Optimum Large CapPairCorr
  0.72OILVX Optimum Large CapPairCorr
  1.0DPCFX Delaware DiversifiedPairCorr
  1.0DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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