Wilmington Diversified Correlations

Mutual Funds . USA . 
Fund . Wilmington Diversified Income
WDIIX Fund  USD 14.08  0.07  0.50%   
The current 90-days correlation between Wilmington Diversified and Payden High Income is 0.61 (i.e., Poor diversification). The correlation of Wilmington 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.

Wilmington Diversified Correlation With Market

Very poor diversification

The correlation between Wilmington Diversified Income and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wilmington 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 gross domestic product.

Moving together with Wilmington Mutual Fund

  0.98WRAAX Wilmington Global AlphaPairCorr
  0.98WRAIX Wilmington Global AlphaPairCorr
  0.63WABMX Wilmington Broad MarketPairCorr
  0.95WTABX Wilmington Municipal BondPairCorr
  0.95WTAIX Wilmington Municipal BondPairCorr
  1.0WDIAX Wilmington DiversifiedPairCorr
  0.63WIBMX Wilmington Broad MarketPairCorr
  0.93WINAX Wilmington InternationalPairCorr
  0.96WINIX Wilmington InternationalPairCorr
  0.99WMLIX Wilmington Large CapPairCorr
  0.87WMMRX Wilmington Multi ManPairCorr
  0.89WMRIX Wilmington Multi ManPairCorr
  0.94WNYIX Wilmington New YorkPairCorr
  1.0VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  1.0VIVAX Vanguard Value IndexPairCorr
  0.68RYMEX Commodities StrategyPairCorr
  0.67RYMJX Commodities StrategyPairCorr
  0.68RYMBX Commodities StrategyPairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.98SPGSX State Street PremierPairCorr
  0.93KF Korea ClosedPairCorr
  0.97NTBIX Navigator Tactical FixedPairCorr
  1.0APLIX Cavanal Hill HedgedPairCorr
  0.99MURQX Mutual Of AmericaPairCorr
  0.97VVSCX Valic Company IPairCorr
  0.95QICNX Aqr International MultiPairCorr
  0.98NSMVX North Star MicroPairCorr
  0.99PADEX Putnam Dynamic AssetPairCorr
  0.99MGDIX Mainstay Moderate GrowthPairCorr
  0.99NELCX Nuveen Equity LongshortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington 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 Wilmington 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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