Voya Index Correlations
| IDXHX Fund | USD 17.71 0.04 0.23% |
The current 90-days correlation between Voya Index Solution and Icon Natural Resources is -0.02 (i.e., Good diversification). The correlation of Voya Index 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.
Voya Index Correlation With Market
Poor diversification
The correlation between Voya Index Solution and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Index Solution and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.91 | AAETX | American Funds 2030 | PairCorr |
| 0.91 | CCETX | American Funds 2030 | PairCorr |
| 0.9 | FSNQX | Fidelity Freedom 2030 | PairCorr |
| 0.9 | FFFEX | Fidelity Freedom 2030 | PairCorr |
| 0.9 | FGTKX | Fidelity Freedom 2030 | PairCorr |
| 0.9 | TRFHX | T Rowe Price | PairCorr |
| 0.9 | FNILX | Fidelity Zero Large | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Index 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 Voya Index'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICBAX | 0.94 | 0.31 | 0.08 | (2.94) | 0.79 | 2.15 | 5.13 | |||
| ALTEX | 1.17 | 0.34 | 0.25 | 0.59 | 0.80 | 2.69 | 7.39 | |||
| PSPFX | 0.67 | 0.29 | 0.08 | (2.54) | 0.09 | 1.84 | 3.42 | |||
| GMOWX | 1.18 | 0.33 | 0.09 | (6.77) | 0.99 | 2.81 | 7.36 | |||
| ICBMX | 0.95 | 0.31 | 0.08 | (2.99) | 0.80 | 2.11 | 5.15 | |||
| CAEIX | 0.65 | 0.21 | 0.16 | 0.54 | 0.26 | 1.70 | 4.46 | |||
| PNRCX | 0.68 | 0.17 | 0.01 | 1.04 | 0.39 | 1.74 | 3.80 |