Correlation Between Tiaa Cref and Delaware Value

Can any of the company-specific risk be diversified away by investing in both Tiaa Cref and Delaware Value at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Tiaa Cref and Delaware Value into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Tiaa Cref Lifecycle Index and Delaware Value Fund, you can compare the effects of market volatilities on Tiaa Cref and Delaware Value and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Tiaa Cref with a short position of Delaware Value. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tiaa Cref and Delaware Value.

Diversification Opportunities for Tiaa Cref and Delaware Value

0.73

Correlation Coefficient

Tiaa Cref  Delaware Value

Poor diversification

The 3 months correlation between Tiaa and Delaware is 0.73. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Lifecycle Index and Delaware Value Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Delaware Value and Tiaa Cref is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Tiaa Cref Lifecycle Index are associated (or correlated) with Delaware Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Delaware Value has no effect on the direction of Tiaa Cref i.e., Tiaa Cref and Delaware Value go up and down completely randomly.

Pair Corralation between Tiaa Cref and Delaware Value

Assuming the 90 days horizon Tiaa Cref is expected to generate 4.31 times less return on investment than Delaware Value. But when comparing it to its historical volatility, Tiaa Cref Lifecycle Index is 8.63 times less risky than Delaware Value. It trades about 0.07 of its potential returns per unit of risk. Delaware Value Fund is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  1,440  in Delaware Value Fund on September 17, 2025 and sell it today you would earn a total of  58.00  from holding Delaware Value Fund or generate 4.03% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Tiaa Cref Lifecycle Index  vs.  Delaware Value Fund

Tiaa Cref Lifecycle

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Tiaa Cref Lifecycle Index are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, Tiaa Cref is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Delaware Value

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Delaware Value Fund are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Delaware Value may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Tiaa Cref and Delaware Value

The main advantage of trading using opposite Tiaa Cref and Delaware Value positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Tiaa Cref position performs unexpectedly, Delaware Value can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Delaware Value will offset losses from the drop in Delaware Value's long position.

The idea behind Tiaa Cref Lifecycle Index and Delaware Value Fund pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.