Ivy Small Correlations

Mutual Funds . USA . 
Fund . Ivy Small Cap
IVVIX Fund  USD 19.88  0.24  1.19%   
The current 90-days correlation between Ivy Small Cap and Ivy Large Cap is 0.91 (i.e., Almost no diversification). The correlation of Ivy Small 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 Small Correlation With Market

Almost no diversification

The correlation between Ivy Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Small Cap 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 Small Cap. 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 gross domestic product.

Moving together with IVY Mutual Fund

  0.98ILGRX Ivy Large CapPairCorr
  0.95WRGCX Ivy Small CapPairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.65IMACX Ivy Apollo MultiPairCorr
  0.66IMAIX Ivy Apollo MultiPairCorr
  0.66IMAYX Ivy Apollo MultiPairCorr
  0.99WSCYX Ivy Small CapPairCorr
  0.98IMEGX Ivy Emerging MarketsPairCorr
  0.99WSGRX Ivy Small CapPairCorr
  0.99WASCX Ivy Asset StrategyPairCorr
  0.99WASYX Ivy Asset StrategyPairCorr
  0.96WSTRX Ivy Science AndPairCorr
  0.98WSTYX Ivy Science AndPairCorr
  0.96WSTCX Ivy Science AndPairCorr
  0.98INPEX American Funds IncomePairCorr
  0.96INRSX Ivy Natural ResourcesPairCorr
  0.96WTRCX Ivy E EquityPairCorr
  0.98WCEYX Ivy E EquityPairCorr
  0.98IPOYX Ivy Emerging MarketsPairCorr
  0.95IPOCX Ivy Emerging MarketsPairCorr
  0.98IPOIX Ivy Emerging MarketsPairCorr
  0.87IREIX Ivy Advantus RealPairCorr
  0.99IRGFX Ivy Small CapPairCorr
  0.87IRSRX Ivy Advantus RealPairCorr
  0.87IRSYX Ivy Advantus RealPairCorr
  0.87IRSEX Ivy Advantus RealPairCorr
  0.99IASTX Ivy Asset StrategyPairCorr
  0.99IASRX Ivy Asset StrategyPairCorr
  1.0ISPVX Ivy Small CapPairCorr
  0.98IBARX Ivy BalancedPairCorr
  0.98ISTIX Ivy Science AndPairCorr
  0.98ISTNX Ivy Science AndPairCorr
  0.96WHIYX Ivy High IncomePairCorr
  0.98IBNYX Ivy BalancedPairCorr
  0.98IBNCX Ivy BalancedPairCorr
  0.99ITGRX Ivy Global GrowthPairCorr
  0.97ICEIX Ivy InternationalPairCorr
  0.98ICEQX Ivy E EquityPairCorr
  0.98ICIEX Ivy E EquityPairCorr
  0.73IVBDX Ivy Global BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between IVY Mutual Fund performing well and Ivy Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILGRX  0.94  0.04  0.06  0.27  0.85 
(1.11)
 2.20 
(1.59)
 12.91 
WRGCX  1.09  0.46  0.07 (0.78) 0.94 
(1.26)
 2.35 
(2.07)
 13.85 
WRHIX  0.22  0.07 (0.42) 42.03  0.00 
(0.34)
 0.69 
(0.34)
 1.24 
IMACX  0.19  0.05  0.00 (0.32) 0.00 
 0.00 
 0.34 
(0.33)
 4.29 
IMAIX  0.20  0.06  0.00 (0.33) 0.00 
 0.00 
 0.34 
(0.45)
 4.30 
IMAYX  0.19  0.06  0.00 (0.33) 0.00 
 0.00 
 0.45 
(0.45)
 4.18 
WSCYX  1.11  0.06  0.06  0.28  1.00 
(1.17)
 2.41 
(2.07)
 13.86 
IMEGX  0.76  0.17  0.06  0.55  0.45 
(0.88)
 2.66 
(1.42)
 6.34 
WSGRX  1.11  0.05  0.06  0.28  0.98 
(1.23)
 2.41 
(2.17)
 13.90 
WASCX  0.48  0.09 (0.01) 0.39  0.00 
(0.56)
 1.33 
(0.83)
 7.04 

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