Ivy Advantus Correlations

IRSRX Fund

USD 14.94 0.06 0.40%

The current 90-days correlation between Ivy Advantus Real and Aqr Sustainable Long Short is -0.17 (i.e., Good diversification). The correlation of Ivy Advantus 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.

Ivy Advantus Correlation With Market

Good diversification

The correlation between Ivy Advantus Real and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Advantus Real and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy Advantus Real. 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 Ivy Mutual Fund

0.61	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.76	FR	First Industrial Realty	Pair Corr
0.77	OZ	Belpointe PREP LLC	Pair Corr
0.62	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.72	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.72	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.78	DOUG	Douglas Elliman	Pair Corr
0.77	VNO-PL	Vornado Realty Trust	Pair Corr
0.73	VNO-PM	Vornado Realty Trust	Pair Corr
0.68	VNO-PN	Vornado Realty Trust	Pair Corr
0.69	MITT-PA	AG Mortgage Investment	Pair Corr
0.81	MITT-PB	AG Mortgage Investment	Pair Corr
0.83	MITT-PC	AG Mortgage Investment	Pair Corr
0.62	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.77	ELME	Elme Communities	Pair Corr
0.62	WELL	Welltower	Pair Corr
0.73	ESBA	Empire State Realty	Pair Corr
0.7	CDR-PC	Cedar Realty Trust	Pair Corr
0.73	ESRT	Empire State Realty Earnings Call This Week	Pair Corr

Moving against Ivy Mutual Fund

0.32	UK	Ucommune International	Pair Corr
0.73	WHLR	Wheeler Real Estate	Pair Corr
0.65	WETH	Wetouch Technology Common	Pair Corr
0.41	FBRT	Franklin BSP Realty	Pair Corr
0.32	FCPT	Four Corners Property	Pair Corr

Related Correlations Analysis

	QNZIX	ASDIX	CIABX	TSDUX	HCSBX	PRMDX	CWFIX	FTFZX
QNZIX		0.92	0.91	0.95	0.95	0.94	0.95	0.94	QNZIX
ASDIX	0.92		0.97	0.95	0.95	0.96	0.96	0.96	ASDIX
CIABX	0.91	0.97		0.98	0.96	0.99	0.95	0.98	CIABX
TSDUX	0.95	0.95	0.98		0.98	0.98	0.97	0.98	TSDUX
HCSBX	0.95	0.95	0.96	0.98		0.97	0.97	0.98	HCSBX
PRMDX	0.94	0.96	0.99	0.98	0.97		0.96	0.99	PRMDX
CWFIX	0.95	0.96	0.95	0.97	0.97	0.96		0.97	CWFIX
FTFZX	0.94	0.96	0.98	0.98	0.98	0.99	0.97		FTFZX
	QNZIX	ASDIX	CIABX	TSDUX	HCSBX	PRMDX	CWFIX	FTFZX

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Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Advantus 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 Ivy Advantus' 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
QNZIX	0.45	0.09	0.00	0.44	0.26	(0.52)	0.96	(0.75)	2.56
ASDIX	0.08	0.02	(0.75)	14.62	0.00	(0.13)	0.20	(0.10)	0.60
CIABX	0.07	0.02	0.00	(2.55)	0.00	0.00	0.20	0.00	0.40
TSDUX	0.04	0.01	0.00	10.00	0.00	0.00	0.10	0.00	0.10
HCSBX	0.06	0.02	0.00	(3.51)	0.00	0.00	0.11	(0.10)	0.52
PRMDX	0.07	0.02	0.00	2.35	0.00	0.00	0.20	0.00	0.40
CWFIX	0.08	0.03	(0.74)	0.57	0.00	(0.14)	0.21	(0.11)	0.43
FTFZX	0.07	0.02	(0.85)	(3.86)	0.00	(0.14)	0.20	(0.10)	0.49

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