Delaware Tax Correlations
| VIDAX Fund | USD 9.83 0.19 0.19% | 
The correlation of Delaware Tax 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  | 
Moving together with Delaware Mutual Fund
| 0.8 | OASGX | Optimum Small Mid | PairCorr | 
| 0.97 | OCFIX | Optimum Fixed Income | PairCorr | 
| 0.94 | WASAX | Ivy Asset Strategy | PairCorr | 
| 0.8 | WSGAX | Ivy Small Cap | PairCorr | 
| 0.79 | OCIEX | Optimum International | PairCorr | 
| 0.91 | OCLGX | Optimum Large Cap | PairCorr | 
| 0.72 | OCSGX | Optimum Small Mid | PairCorr | 
| 0.94 | WSTAX | Ivy Science And | PairCorr | 
| 0.84 | DMO | Western Asset Mortgage | PairCorr | 
| 0.9 | CXHYX | Delaware National High | PairCorr | 
| 0.8 | WCEAX | Ivy E Equity | PairCorr | 
| 1.0 | FTORX | First Investors Tax | PairCorr | 
| 0.9 | FTOTX | First Investors Tax | PairCorr | 
| 0.8 | DLHIX | Delaware Healthcare | PairCorr | 
| 0.86 | DLHCX | Delaware Healthcare | PairCorr | 
| 0.86 | DLHAX | Delaware Healthcare | PairCorr | 
| 0.75 | DLRHX | Delaware Healthcare | PairCorr | 
| 0.79 | DLTZX | Delaware Limited Term | PairCorr | 
| 0.92 | DLTRX | Delaware Limited Term | PairCorr | 
| 0.93 | IPOAX | Ivy Emerging Markets | PairCorr | 
| 0.92 | DMHIX | Delaware Minnesota High | PairCorr | 
| 1.0 | DMOCX | Delaware Tax Free | PairCorr | 
| 1.0 | DMNIX | Delaware Tax Free | PairCorr | 
| 0.99 | DMTFX | Delaware Tax Free | PairCorr | 
| 1.0 | DMUSX | Delaware Tax Free | PairCorr | 
| 0.76 | IRSAX | Ivy Advantus Real | PairCorr | 
| 0.97 | OIFIX | Optimum Fixed Income | PairCorr | 
| 0.81 | OIIEX | Optimum International | PairCorr | 
| 0.91 | OILGX | Optimum Large Cap | PairCorr | 
| 0.71 | OILVX | Optimum Large Cap Potential Growth | PairCorr | 
| 0.9 | VCTFX | Delaware Tax Free | PairCorr | 
| 0.96 | DPCFX | Delaware Diversified | PairCorr | 
| 0.86 | DPDFX | Delaware Diversified | PairCorr | 
| 0.86 | DPFFX | Delaware Diversified | PairCorr | 
| 0.73 | OISGX | Optimum Small Mid | PairCorr | 
| 0.85 | FGIPX | First Investors Growth | PairCorr | 
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Delaware Mutual Fund performing well and Delaware Tax 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 Tax'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHSCX | 0.61 | 0.24 | 0.13 | (1.49) | 0.45 |  1.27   | 3.41 | |||
| DLRHX | 0.70 | 0.26 | 0.12 | (1.18) | 0.63 |  1.81   | 4.61 | |||
| GTHIX | 0.54 | 0.08 | 0.05 | 0.26 | 0.58 |  1.14   | 3.17 | |||
| LYFAX | 0.76 | 0.36 | 0.24 | (1.48) | 0.49 |  1.76   | 3.97 | |||
| AHSAX | 0.60 | 0.24 | 0.14 | (1.68) | 0.43 |  1.31   | 3.47 | |||
| SHSKX | 0.58 | 0.07 | 0.05 | 0.23 | 0.47 |  1.46   | 3.34 | |||
| PJHRX | 0.81 | 0.30 | 0.15 | (0.88) | 0.66 |  1.75   | 4.29 |