Valic Company Correlations

VGCLX Fund

USD 12.39 0.07 0.57%

The current 90-days correlation between Valic Company I and Guidepath Conservative Income is 0.46 (i.e., Very weak diversification). The correlation of Valic Company 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.

Valic Company Correlation With Market

Poor diversification

The correlation between Valic Company I and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valic Company I. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Valic Mutual Fund

0.9	VWINX	Vanguard Wellesley Income	Pair Corr
0.78	VWIAX	Vanguard Wellesley Income	Pair Corr
0.95	BKMIX	Blackrock Multi Asset	Pair Corr
0.81	HBLTX	Hartford Balanced	Pair Corr
0.78	HBLRX	Hartford Balanced	Pair Corr
0.79	HBLSX	Hartford Balanced	Pair Corr
0.81	HBLVX	Hartford Balanced	Pair Corr
0.81	HBLYX	Hartford Balanced	Pair Corr
0.74	HBLCX	Hartford Balanced	Pair Corr
0.81	HBLIX	Hartford Balanced	Pair Corr
0.73	FTCAX	Templeton Strained Bond	Pair Corr
0.86	GPICX	Guidepath Conservative	Pair Corr
0.89	GE	GE Aerospace	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.83	INTC	Intel Aggressive Push	Pair Corr
0.69	AXP	American Express	Pair Corr

Moving against Valic Mutual Fund

0.94	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.93	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.44	PDI	Pimco Dynamic Income	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.45	BA	Boeing	Pair Corr
0.42	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	GPICX	SRDAX	FHCOX	PGFCX	DLTZX	FARIX
GPICX		0.61	0.88	0.88	0.85	0.9	GPICX
SRDAX	0.61		0.68	0.5	0.61	0.69	SRDAX
FHCOX	0.88	0.68		0.72	0.94	0.82	FHCOX
PGFCX	0.88	0.5	0.72		0.75	0.86	PGFCX
DLTZX	0.85	0.61	0.94	0.75		0.79	DLTZX
FARIX	0.9	0.69	0.82	0.86	0.79		FARIX
	GPICX	SRDAX	FHCOX	PGFCX	DLTZX	FARIX

Risk-Adjusted Indicators

There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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
GPICX	0.03	0.00	0.00	(0.07)	0.00	0.00	0.10	0.00	0.42
SRDAX	0.13	0.03	0.05	(0.61)	0.00	(0.18)	0.28	(0.28)	0.85
FHCOX	0.05	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.60
PGFCX	0.21	0.01	0.00	0.07	0.18	(0.24)	0.37	(0.46)	1.19
DLTZX	0.07	0.01	(0.07)	0.57	0.00	(0.18)	0.13	(0.13)	0.63
FARIX	0.32	0.05	0.07	0.21	0.32	(0.38)	0.61	(0.67)	1.94

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