Wilmington Broad Correlations

WIBMX Fund

USD 8.77 0.02 0.23%

The current 90-days correlation between Wilmington Broad Market and Champlain Mid Cap is -0.07 (i.e., Good diversification). The correlation of Wilmington Broad 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.

Wilmington Broad Correlation With Market

Good diversification

The correlation between Wilmington Broad Market and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Broad Market 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 Wilmington Broad Market. 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 population.

Moving together with Wilmington Mutual Fund

0.97	WABMX	Wilmington Broad Market	Pair Corr
0.73	WTAIX	Wilmington Municipal Bond	Pair Corr
0.78	WNYAX	Wilmington New York	Pair Corr
0.74	WNYIX	Wilmington New York	Pair Corr
0.97	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.96	BFACX	Bond Fund	Pair Corr
0.96	FFBOX	American Funds	Pair Corr
0.96	GABFX	Gmo Asset Allocation	Pair Corr

Moving against Wilmington Mutual Fund

0.71	WMLIX	Wilmington Large Cap	Pair Corr
0.57	WDIIX	Wilmington Diversified	Pair Corr
0.5	WRAAX	Wilmington Global Alpha	Pair Corr
0.5	WDIAX	Wilmington Diversified	Pair Corr
0.38	WRAIX	Wilmington Global Alpha	Pair Corr
0.7	SJCRX	Steward Large Cap	Pair Corr
0.69	MGRPX	Growth Portfolio Class	Pair Corr
0.68	PGTAX	Putnam Global Technology	Pair Corr
0.65	THCGX	Thornburg E Growth	Pair Corr
0.63	GMCQX	Gmo Equity Allocation	Pair Corr
0.55	GVCIX	Gabelli Val	Pair Corr
0.5	GCAVX	Gmo Small Cap	Pair Corr
0.5	JPTBX	Jpmorgan Smartretirement*	Pair Corr
0.47	FTYPX	Fidelity Freedom Index	Pair Corr
0.31	FFBTX	Fidelity Freedom Blend	Pair Corr

Related Correlations Analysis

	CIPMX	LGLSX	EIPIX	MSSGX	CHASX	WBGSX
CIPMX		0.93	0.94	0.95	0.92	0.9	CIPMX
LGLSX	0.93		0.94	0.94	0.99	0.97	LGLSX
EIPIX	0.94	0.94		0.95	0.91	0.88	EIPIX
MSSGX	0.95	0.94	0.95		0.91	0.89	MSSGX
CHASX	0.92	0.99	0.91	0.91		0.99	CHASX
WBGSX	0.9	0.97	0.88	0.89	0.99		WBGSX
	CIPMX	LGLSX	EIPIX	MSSGX	CHASX	WBGSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Broad 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 Wilmington Broad'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
CIPMX	0.64	0.02	0.01	0.13	0.71	(0.67)	1.24	(1.23)	4.05
LGLSX	0.89	0.28	0.12	2.64	1.04	(0.93)	2.65	(1.69)	5.57
EIPIX	0.59	0.12	0.08	0.36	0.52	(0.68)	1.26	(1.09)	3.55
MSSGX	1.44	0.54	0.28	5.93	1.16	(1.74)	3.46	(2.26)	7.23
CHASX	0.66	0.17	0.08	2.43	0.71	(0.73)	1.31	(1.44)	4.83
WBGSX	0.71	0.15	0.04	(2.58)	0.93	(0.77)	1.51	(1.75)	4.98

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