Delaware Reit Correlations

Mutual Funds . USA . 
Fund . Delaware Reit Fund
DPREX Fund  USD 12.77  0.05  0.39%   
The current 90-days correlation between Delaware Reit and Vanguard Money Market is -0.12 (i.e., Good diversification). The correlation of Delaware Reit 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 Reit Correlation With Market

Very weak diversification

The correlation between Delaware Reit Fund and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Reit 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 Reit 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 income.

Moving together with Delaware Mutual Fund

  0.95OASGX Optimum Small MidPairCorr
  0.9OASVX Optimum Small MidPairCorr
  0.65IMAAX Ivy Apollo MultiPairCorr
  0.7OCFIX Optimum Fixed IncomePairCorr
  0.96WASAX Ivy Asset StrategyPairCorr
  0.94WSGAX Ivy Small CapPairCorr
  0.96OCIEX Optimum InternationalPairCorr
  0.94OCLVX Optimum Large CapPairCorr
  0.94OCLGX Optimum Large CapPairCorr
  0.95OCSGX Optimum Small MidPairCorr
  0.89OCSVX Optimum Small MidPairCorr
  0.95WSTAX Ivy Science AndPairCorr
  0.89DMO Western Asset MortgagePairCorr
  0.94WCEAX Ivy E EquityPairCorr
  0.86DLTZX Delaware Limited TermPairCorr
  0.87DLTRX Delaware Limited TermPairCorr
  0.96IPOAX Ivy Emerging MarketsPairCorr
  0.84IRSAX Ivy Advantus RealPairCorr
  0.74OIFIX Optimum Fixed IncomePairCorr
  0.96OIIEX Optimum InternationalPairCorr
  0.94OILGX Optimum Large CapPairCorr
  0.95OILVX Optimum Large CapPairCorr
  0.76DPCFX Delaware DiversifiedPairCorr
  0.79DPDFX Delaware DiversifiedPairCorr
  0.79DPFFX Delaware DiversifiedPairCorr

Moving against Delaware Mutual Fund

  0.42VAZIX Delaware Tax FreePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
IVMXX
+ 1.0
VMRXX
STPXX
+ 0.94
VMRXX
STPXX
+ 0.94
IVMXX
GMBXX
+ 0.88
STPXX
GABXX
+ 0.85
GMBXX
GMBXX
+ 0.83
VMRXX
  
High negative correlations   
GABXX
- 0.0
AEYXX
AEYXX
- 0.0
GMBXX
AEYXX
- 0.0
STPXX
AEYXX
- 0.0
TIMTX
AEYXX
- 0.0
IVMXX
AEYXX
- 0.0
VMRXX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Reit 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 Reit'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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