Correlation Analysis Between Delaware Dividend and Vanguard Index

This module allows you to analyze existing cross correlation between Delaware Dividend Income Fund and Vanguard Index Trust Total Stoc. You can compare the effects of market volatilities on Delaware Dividend and Vanguard Index and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Delaware Dividend with a short position of Vanguard Index. See also your portfolio center. Please also check ongoing floating volatility patterns of Delaware Dividend and Vanguard Index.
Horizon     30 Days    Login   to change
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Comparative Performance

Delaware Dividend  
00

Risk-Adjusted Fund Performance

Over the last 30 days Delaware Dividend Income Fund has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Delaware Dividend is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Vanguard Index Trust  
55

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Vanguard Index Trust Total Stoc are ranked lower than 5 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, Vanguard Index is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Delaware Dividend and Vanguard Index Volatility Contrast

 Predicted Return Density 
      Returns 

Delaware Dividend Income Fund  vs.  Vanguard Index Trust Total Sto

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Delaware Dividend Income Fund is expected to under-perform the Vanguard Index. But the fund apears to be less risky and, when comparing its historical volatility, Delaware Dividend Income Fund is 1.35 times less risky than Vanguard Index. The fund trades about -0.02 of its potential returns per unit of risk. The Vanguard Index Trust Total Stoc is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest  7,451  in Vanguard Index Trust Total Stoc on November 10, 2019 and sell it today you would earn a total of  322.00  from holding Vanguard Index Trust Total Stoc or generate 4.32% return on investment over 30 days.

Pair Corralation between Delaware Dividend and Vanguard Index

0.67
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Delaware Dividend and Vanguard Index

Delaware Dividend Income Fund diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Delaware Dividend Income Fund and Vanguard Index Trust Total Sto in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Index Trust and Delaware Dividend is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Delaware Dividend Income Fund are associated (or correlated) with Vanguard Index. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Index Trust has no effect on the direction of Delaware Dividend i.e. Delaware Dividend and Vanguard Index go up and down completely randomly.
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