Delaware Emerging Correlations

DEMIX Fund

USD 20.98 0.18 0.85%

The current 90-days correlation between Delaware Emerging Markets and Clearbridge Energy Mlp is 0.08 (i.e., Significant diversification). The correlation of Delaware Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Delaware Emerging Markets and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Emerging Markets 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 Emerging Markets. 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

0.7	IMAAX	Ivy Apollo Multi	Pair Corr
0.91	OCIEX	Optimum International	Pair Corr
0.94	IPOAX	Ivy Emerging Markets	Pair Corr
0.91	OIIEX	Optimum International	Pair Corr

Related Correlations Analysis

	XEMOX	ALEFX	ALTEX	RYVIX	ENPSX	IVEIX	XNDPX	SNPIX
XEMOX		0.98	-0.42	0.62	0.86	-0.34	0.94	-0.84	XEMOX
ALEFX	0.98		-0.45	0.55	0.87	-0.37	0.96	-0.85	ALEFX
ALTEX	-0.42	-0.45		0.14	-0.24	0.92	-0.37	0.23	ALTEX
RYVIX	0.62	0.55	0.14		0.8	0.1	0.69	-0.79	RYVIX
ENPSX	0.86	0.87	-0.24	0.8		-0.19	0.96	-1.0	ENPSX
IVEIX	-0.34	-0.37	0.92	0.1	-0.19		-0.31	0.18	IVEIX
XNDPX	0.94	0.96	-0.37	0.69	0.96	-0.31		-0.96	XNDPX
SNPIX	-0.84	-0.85	0.23	-0.79	-1.0	0.18	-0.96		SNPIX
	XEMOX	ALEFX	ALTEX	RYVIX	ENPSX	IVEIX	XNDPX	SNPIX

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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

ALEFX	+ 0.98	XEMOX
XNDPX	+ 0.96	ALEFX
XNDPX	+ 0.96	ENPSX
XNDPX	+ 0.94	XEMOX
IVEIX	+ 0.92	ALTEX
ENPSX	+ 0.87	ALEFX

High negative correlations

SNPIX	- 1.0	ENPSX
SNPIX	- 0.96	XNDPX
SNPIX	- 0.85	ALEFX
SNPIX	- 0.84	XEMOX
SNPIX	- 0.79	RYVIX
ALTEX	- 0.45	ALEFX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Emerging 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 Emerging'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
XEMOX	0.72	0.19	0.16	0.49	0.45	(0.86)	1.81	(1.01)	4.31
ALEFX	0.63	0.24	0.23	0.77	0.19	(0.83)	1.37	(0.77)	4.42
ALTEX	1.31	(0.17)	0.00	(0.03)	0.00	0.00	2.10	(2.74)	7.75
RYVIX	1.39	(0.15)	(0.05)	0.02	1.72	(1.48)	2.63	(3.08)	10.74
ENPSX	1.36	0.01	0.00	0.14	1.91	(1.33)	2.58	(3.15)	8.91
IVEIX	0.70	(0.03)	(0.12)	0.00	1.01	(0.71)	1.25	(1.80)	4.95
XNDPX	0.91	0.10	0.04	0.28	1.12	(0.94)	1.83	(2.38)	6.62
SNPIX	0.90	0.00	0.00	0.13	0.00	0.00	2.11	(1.71)	6.81

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