Delaware Diversified Correlations

Mutual Funds . USA . 
Fund . Delaware Diversified Income
DPFFX Fund  USD 7.62  0.01  0.13%   
The current 90-days correlation between Delaware Diversified and Bbh Intermediate Municipal is -0.14 (i.e., Good 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

Weak diversification

The correlation between Delaware Diversified Income and DJI is 0.31 (i.e., Weak 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
  0.69OASVX Optimum Small MidPairCorr
  0.98OCFIX Optimum Fixed IncomePairCorr
  0.74WASAX Ivy Asset StrategyPairCorr
  0.67WSGAX Ivy Small CapPairCorr
  0.69OCIEX Optimum InternationalPairCorr
  0.76OCLVX Optimum Large CapPairCorr
  0.71OCLGX Optimum Large CapPairCorr
  0.73OCSGX Optimum Small MidPairCorr
  0.71OCSVX Optimum Small MidPairCorr
  0.75WSTAX Ivy Science AndPairCorr
  0.83DMO Western Asset MortgagePairCorr
  0.74WCEAX Ivy E EquityPairCorr
  0.61DLHIX Delaware HealthcarePairCorr
  0.96DLTZX Delaware Limited TermPairCorr
  0.91DLTRX Delaware Limited TermPairCorr
  0.72IPOAX Ivy Emerging MarketsPairCorr
  0.99OIFIX Optimum Fixed IncomePairCorr
  0.7OIIEX Optimum InternationalPairCorr
  0.71OILGX Optimum Large CapPairCorr
  0.74OILVX Optimum Large CapPairCorr
  0.99DPCFX Delaware DiversifiedPairCorr
  1.0DPDFX 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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