Ivy Natural Correlations

IGNCX Fund

USD 13.57 0.15 1.09%

The current 90-days correlation between Ivy Natural Resources and Ivy Large Cap is 0.04 (i.e., Significant diversification). The correlation of Ivy Natural 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 Natural Correlation With Market

Significant diversification

The correlation between Ivy Natural Resources and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivy Natural Resources and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ivy Natural Resources. 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 main economic indicators.

Moving together with IVY Mutual Fund

0.67	WRHIX	Ivy High Income	Pair Corr
0.64	WHIYX	Ivy High Income	Pair Corr
0.69	IVHIX	Ivy High Income	Pair Corr
0.66	IHIFX	Ivy High Income	Pair Corr
0.85	TRNEX	T Rowe Price	Pair Corr
0.85	VMIAX	Vanguard Materials Index	Pair Corr
0.85	PRNEX	T Rowe Price	Pair Corr
0.87	GHAIX	Global Hard Assets	Pair Corr
0.94	FMFEX	Materials Portfolio	Pair Corr
0.88	FMFAX	Materials Portfolio	Pair Corr
0.88	FMFCX	Materials Portfolio	Pair Corr
0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.67	VTSMX	Vanguard Total Stock	Pair Corr
0.67	VSMPX	Vanguard Total Stock	Pair Corr
0.67	VSTSX	Vanguard Total Stock	Pair Corr
0.67	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.69	VFFSX	Vanguard 500 Index	Pair Corr
0.69	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.7	WCEYX	Ivy E Equity	Pair Corr
0.67	PRDSX	T Rowe Price	Pair Corr
0.61	HFCGX	Hennessy Nerstone Growth	Pair Corr
0.67	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.7	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.76	HD	Home Depot Sell-off Trend	Pair Corr
0.64	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against IVY Mutual Fund

0.45

JNJ

Johnson Johnson Fiscal Year End 28th of January 2025

Pair Corr

Related Correlations Analysis

	ILGRX	WRGCX	WRHIX	IMACX	IMAIX	IMAYX	WSCYX	WSGRX	WASCX	WASYX
ILGRX		0.79	0.51	-0.41	-0.35	-0.38	0.8	0.8	0.71	0.68	ILGRX
WRGCX	0.79		0.35	-0.31	-0.27	-0.29	1.0	1.0	0.53	0.48	WRGCX
WRHIX	0.51	0.35		0.19	0.24	0.22	0.35	0.35	0.63	0.66	WRHIX
IMACX	-0.41	-0.31	0.19		1.0	1.0	-0.32	-0.31	0.29	0.17	IMACX
IMAIX	-0.35	-0.27	0.24	1.0		1.0	-0.28	-0.28	0.34	0.22	IMAIX
IMAYX	-0.38	-0.29	0.22	1.0	1.0		-0.3	-0.29	0.31	0.19	IMAYX
WSCYX	0.8	1.0	0.35	-0.32	-0.28	-0.3		1.0	0.53	0.48	WSCYX
WSGRX	0.8	1.0	0.35	-0.31	-0.28	-0.29	1.0		0.53	0.48	WSGRX
WASCX	0.71	0.53	0.63	0.29	0.34	0.31	0.53	0.53		0.89	WASCX
WASYX	0.68	0.48	0.66	0.17	0.22	0.19	0.48	0.48	0.89		WASYX
	ILGRX	WRGCX	WRHIX	IMACX	IMAIX	IMAYX	WSCYX	WSGRX	WASCX	WASYX

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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

WSCYX	+ 1.0	WRGCX
WSGRX	+ 1.0	WRGCX
IMAIX	+ 1.0	IMACX
IMAYX	+ 1.0	IMACX
IMAYX	+ 1.0	IMAIX
WSGRX	+ 1.0	WSCYX

High negative correlations

IMACX	- 0.41	ILGRX
IMAYX	- 0.38	ILGRX
IMAIX	- 0.35	ILGRX
WSCYX	- 0.32	IMACX
WSGRX	- 0.31	IMACX
IMACX	- 0.31	WRGCX

Risk-Adjusted Indicators

There is a big difference between IVY Mutual Fund performing well and Ivy Natural 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 Natural'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
ILGRX	0.60	(0.01)	(0.04)	0.11	0.83	(0.60)	1.40	(1.54)	4.02
WRGCX	0.98	(0.08)	(0.02)	0.06	1.10	(1.11)	2.12	(1.78)	7.40
WRHIX	0.19	0.02	(0.35)	1.12	0.09	(0.29)	0.49	(0.33)	1.47
IMACX	0.33	(0.04)	0.00	(0.08)	0.00	0.00	0.62	(0.62)	2.25
IMAIX	0.35	(0.04)	0.00	(0.06)	0.00	0.00	0.63	(0.62)	2.35
IMAYX	0.35	(0.04)	0.00	(0.06)	0.00	0.00	0.62	(0.70)	2.25
WSCYX	0.97	(0.07)	(0.02)	0.07	1.07	(1.11)	2.19	(1.69)	7.31
WSGRX	0.97	(0.07)	(0.02)	0.07	1.06	(1.11)	2.21	(1.73)	7.33
WASCX	0.42	(0.05)	(0.16)	0.02	0.60	(0.41)	0.79	(1.07)	3.08
WASYX	0.42	0.02	(0.16)	(3.43)	0.59	(0.42)	0.81	(1.09)	3.06

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