Delaware Value Correlations

DDVIX Fund

USD 14.31 0.03 0.21%

The current 90-days correlation between Delaware Value and Brown Advisory Sustainable is 0.57 (i.e., Very weak diversification). The correlation of Delaware Value 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 Value Correlation With Market

Very poor diversification

The correlation between Delaware Value Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Value Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Value 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 Delaware Mutual Fund

0.63	OASGX	Optimum Small Mid	Pair Corr
0.61	WSGAX	Ivy Small Cap	Pair Corr
0.93	OCLVX	Optimum Large Cap	Pair Corr
0.76	OCSGX	Optimum Small Mid	Pair Corr
0.62	OCSVX	Optimum Small Mid	Pair Corr
0.71	DLHIX	Delaware Healthcare	Pair Corr
0.71	DLHCX	Delaware Healthcare	Pair Corr
0.66	DLHAX	Delaware Healthcare	Pair Corr
0.66	DLRHX	Delaware Healthcare	Pair Corr
0.63	DLTRX	Delaware Limited Term	Pair Corr
0.69	IRSAX	Ivy Advantus Real	Pair Corr
0.66	OIIEX	Optimum International	Pair Corr
0.78	OILVX	Optimum Large Cap	Pair Corr
0.76	OISGX	Optimum Small Mid	Pair Corr
0.65	OISVX	Optimum Small Mid	Pair Corr

Related Correlations Analysis

	BIAWX	BAWAX	BMGCX	BMGKX	BMGAX	CMGIX	HSWFX	MEMJX	TNBMX
BIAWX		1.0	0.56	0.67	0.57	0.67	0.62	0.65	0.61	BIAWX
BAWAX	1.0		0.55	0.67	0.56	0.67	0.62	0.64	0.6	BAWAX
BMGCX	0.56	0.55		0.81	1.0	0.81	0.46	0.65	0.55	BMGCX
BMGKX	0.67	0.67	0.81		0.82	1.0	0.57	0.68	0.56	BMGKX
BMGAX	0.57	0.56	1.0	0.82		0.82	0.49	0.67	0.57	BMGAX
CMGIX	0.67	0.67	0.81	1.0	0.82		0.57	0.68	0.56	CMGIX
HSWFX	0.62	0.62	0.46	0.57	0.49	0.57		0.94	0.86	HSWFX
MEMJX	0.65	0.64	0.65	0.68	0.67	0.68	0.94		0.92	MEMJX
TNBMX	0.61	0.6	0.55	0.56	0.57	0.56	0.86	0.92		TNBMX
	BIAWX	BAWAX	BMGCX	BMGKX	BMGAX	CMGIX	HSWFX	MEMJX	TNBMX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Value 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 Value'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
BIAWX	0.69	(0.11)	(0.10)	0.00	0.95	(0.66)	1.29	(1.35)	4.51
BAWAX	0.70	(0.11)	(0.10)	0.00	0.95	(0.66)	1.31	(1.36)	4.53
BMGCX	0.82	(0.02)	0.00	0.60	0.00	0.00	1.46	(1.78)	4.99
BMGKX	0.82	(0.13)	0.00	(0.02)	0.00	0.00	1.44	(1.80)	5.03
BMGAX	0.83	(0.02)	0.00	0.50	0.00	0.00	1.45	(1.77)	5.04
CMGIX	0.82	(0.13)	0.00	(0.02)	0.00	0.00	1.45	(1.79)	5.02
HSWFX	0.57	0.03	0.02	0.14	0.69	(0.59)	1.13	(0.90)	4.27
MEMJX	0.57	0.11	0.07	0.35	0.57	(0.66)	1.22	(0.99)	4.22
TNBMX	0.07	0.01	(0.68)	1.99	0.00	(0.13)	0.12	(0.12)	0.59

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Delaware Value Correlations

Delaware Value Correlation With Market

Very poor diversification

Moving together with Delaware Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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