Ivy Small Correlations

WSGAX Fund

USD 11.92 0.17 1.45%

The current 90-days correlation between Ivy Small Cap and Vanguard Small Cap Value is 0.03 (i.e., Significant diversification). The correlation of Ivy Small 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.

Ivy Small Correlation With Market

Average diversification

The correlation between Ivy Small Cap and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Small Cap 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 Ivy Small Cap. 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 nation.

Moving together with Ivy Mutual Fund

0.84	WASAX	Ivy Asset Strategy	Pair Corr
0.82	WCEAX	Ivy E Equity	Pair Corr
0.62	IPOAX	Ivy Emerging Markets	Pair Corr
0.92	IRSAX	Ivy Advantus Real	Pair Corr
0.69	FGINX	First Investors Growth	Pair Corr
0.84	IBNAX	Ivy Balanced	Pair Corr
0.78	IVIAX	Ivy International	Pair Corr
0.82	IVINX	Ivy Global Growth	Pair Corr
0.81	FIUSX	First Investors Oppo	Pair Corr
0.8	FIVUX	First Investors Oppo	Pair Corr

Related Correlations Analysis

	VISVX	VVSCX	PCSVX	WBVNX	BRSVX	RSPMX	JISCX
VISVX		0.84	0.9	0.86	0.92	0.69	0.84	VISVX
VVSCX	0.84		0.69	0.94	0.77	0.48	0.93	VVSCX
PCSVX	0.9	0.69		0.78	0.94	0.85	0.66	PCSVX
WBVNX	0.86	0.94	0.78		0.88	0.62	0.93	WBVNX
BRSVX	0.92	0.77	0.94	0.88		0.82	0.81	BRSVX
RSPMX	0.69	0.48	0.85	0.62	0.82		0.46	RSPMX
JISCX	0.84	0.93	0.66	0.93	0.81	0.46		JISCX
	VISVX	VVSCX	PCSVX	WBVNX	BRSVX	RSPMX	JISCX

Risk-Adjusted Indicators

There is a big difference between Ivy Mutual Fund performing well and Ivy Small 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 Ivy Small'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
VISVX	0.71	(0.02)	(0.02)	0.04	0.94	(0.70)	1.74	(1.38)	4.03
VVSCX	0.85	0.05	0.01	0.26	0.99	(0.96)	2.04	(1.93)	4.46
PCSVX	0.79	(0.08)	(0.05)	(0.01)	1.18	(0.82)	1.72	(1.32)	6.88
WBVNX	0.74	(0.01)	(0.05)	0.01	1.05	(0.75)	1.78	(1.78)	4.70
BRSVX	0.78	(0.06)	(0.05)	0.01	1.06	(0.87)	1.87	(2.16)	5.81
RSPMX	0.76	(0.10)	0.00	(0.03)	0.00	0.00	1.64	(1.87)	7.54
JISCX	0.76	0.07	0.04	0.23	0.77	(0.84)	1.84	(1.23)	4.81

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Ivy Small Correlations

Ivy Small Correlation With Market

Average diversification

Moving together with Ivy Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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