Delaware Diversified Correlations

Mutual Funds USA . 
Fund . Delaware Diversified Income
DPRFX Fund  USD 7.61  0.01  0.13%   
The current 90-days correlation between Delaware Diversified and The Hartford Inflation is 0.79 (i.e., Poor 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

  0.73OASGX Optimum Small MidPairCorr
  0.7OASVX Optimum Small MidPairCorr
  0.99OCFIX Optimum Fixed IncomePairCorr
  0.74WASAX Ivy Asset StrategyPairCorr
  0.67WSGAX Ivy Small CapPairCorr
  0.68OCIEX Optimum InternationalPairCorr
  0.75OCLVX Optimum Large CapPairCorr
  0.71OCLGX Optimum Large CapPairCorr
  0.72OCSGX Optimum Small MidPairCorr
  0.7OCSVX Optimum Small MidPairCorr
  0.74WSTAX Ivy Science AndPairCorr
  0.82DMO Western Asset MortgagePairCorr
  0.74WCEAX Ivy E EquityPairCorr
  0.61DLHIX Delaware HealthcarePairCorr
  0.95DLTZX Delaware Limited TermPairCorr
  0.95DLTRX Delaware Limited TermPairCorr
  0.71IPOAX Ivy Emerging MarketsPairCorr
  0.99OIFIX Optimum Fixed IncomePairCorr
  0.69OIIEX Optimum InternationalPairCorr
  0.71OILGX Optimum Large CapPairCorr
  0.75OILVX Optimum Large CapPairCorr
  0.99DPCFX Delaware DiversifiedPairCorr
  0.99DPDFX 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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