Wilmington International Correlations

Mutual Funds . USA . 
Fund . Wilmington International Fund
WINIX Fund  USD 10.75  0.01  0.09%   
The current 90-days correlation between Wilmington International and Wilmington Global Alpha is -0.17 (i.e., Good diversification). The correlation of Wilmington International 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 International Correlation With Market

Very weak diversification

The correlation between Wilmington International Fund and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington International Fund 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 International Fund. 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
  0.92WTABX Wilmington Municipal BondPairCorr
  0.91WTAIX Wilmington Municipal BondPairCorr
  0.96WDIAX Wilmington DiversifiedPairCorr
  0.96WDIIX Wilmington DiversifiedPairCorr
  0.97WINAX Wilmington InternationalPairCorr
  0.97WMLIX Wilmington Large CapPairCorr
  0.88WMMRX Wilmington Multi ManPairCorr
  0.89WMRIX Wilmington Multi ManPairCorr
  0.89WNYAX Wilmington New YorkPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  1.0VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  1.0VTMGX Vanguard DevelopedPairCorr
  0.99VDVIX Vanguard DevelopedPairCorr
  1.0VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.99FSPSX Fidelity InternationalPairCorr
  0.91PFN Pimco Income StrategyPairCorr
  0.93CIF Mfs Intermediate HighPairCorr
  0.92PCF Putnam High IncomePairCorr
  0.98GGEIX Nationwide Global EquityPairCorr
  0.67FBIOX Biotechnology PortfolioPairCorr
  0.98UTVGX My529 Growth IndexPairCorr
  0.96VEMPX Vanguard Extended MarketPairCorr
  0.73QSPIX Aqr Style PremiaPairCorr
  0.98COMSX Dws CommunicationsPairCorr
  0.86FMFIX Free Market FixedPairCorr
  0.99LRAGX Lord Abbett InternationalPairCorr

Moving against Wilmington Mutual Fund

  0.59XNBHX Neuberger Berman IntPairCorr
  0.55XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington International 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 International'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
WRAAX  0.24  0.07 (0.28)(1.96) 0.04 
(0.29)
 0.61 
(0.59)
 1.83 
WRAIX  0.24  0.07 (0.28)(2.08) 0.00 
(0.29)
 0.66 
(0.58)
 1.79 
WABMX  0.24  0.01 (0.50) 0.48  0.22 
(0.28)
 0.46 
(0.46)
 1.14 
WTABX  0.11  0.01 (0.83) 0.54  0.00 
(0.14)
 0.25 
(0.17)
 0.75 
WTAIX  0.11  0.01 (0.88) 0.44  0.00 
(0.14)
 0.25 
(0.17)
 0.59 
WDIAX  0.55  0.18  0.00 (1.50) 0.51 
(0.61)
 1.52 
(1.10)
 3.90 
WDIIX  0.54  0.08  0.04  0.28  0.40 
(0.64)
 1.52 
(1.06)
 3.89 
WIBMX  0.24  0.00 (0.50) 0.13  0.24 
(0.27)
 0.47 
(0.46)
 1.16 
WINAX  0.49  0.18  0.02  142.08  0.49 
(0.57)
 1.26 
(0.97)
 4.61 
WINIX  0.45  0.16  0.09  0.62  0.00 
(0.55)
 1.26 
(0.77)
 3.09 

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