Voya Vacs Correlations

Mutual Funds . USA . 
Fund . Voya Vacs Index
VVICX Fund   10.36  0.06  0.58%   
The current 90-days correlation between Voya Vacs Index and Balanced Fund Retail is 0.87 (i.e., Very poor diversification). The correlation of Voya Vacs 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 Vacs Correlation With Market

Very poor diversification

The correlation between Voya Vacs Index and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Vacs Index 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 Voya Vacs Index. 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 Voya Mutual Fund

  0.82ILBPX Voya Limited MaturityPairCorr
  0.82ILMBX Voya Limited MaturityPairCorr
  0.79IMBAX Voya Limited MaturityPairCorr
  0.98IMCVX Voya Multi ManagerPairCorr
  0.96IMOPX Voya Midcap OpportunitiesPairCorr
  0.96IMORX Voya Midcap OpportunitiesPairCorr
  0.96IMOWX Voya Midcap OpportunitiesPairCorr
  0.96IMOZX Voya Midcap OpportunitiesPairCorr
  0.94IMYCX Voya High YieldPairCorr
  0.85INGIX Voya Stock IndexPairCorr
  0.99VPISX Voya Index SolutionPairCorr
  0.93INTIX Voya International IndexPairCorr
  0.99VPSSX Voya Index SolutionPairCorr
  0.74VPRSX Voya Jpmorgan SmallPairCorr
  0.99VPSAX Voya Index SolutionPairCorr
  0.98IOGPX Vy Oppenheimer GlobalPairCorr
  0.63IOSAX Voya Global BondPairCorr
  0.64IOSIX Voya Global BondPairCorr
  0.66IOSSX Voya Global BondPairCorr
  0.96NAPIX Voya Multi ManagerPairCorr
  0.96NARCX Voya Multi ManagerPairCorr
  0.95NAWCX Voya Global EquityPairCorr
  0.95NAWGX Voya Global EquityPairCorr
  0.95NAWIX Voya Global EquityPairCorr
  0.92IPARX Voya Global PerspectivesPairCorr
  0.65IPIIX Ing Intermediate BondPairCorr
  0.94IPIMX Voya High YieldPairCorr
  0.66IPISX Voya Intermediate BondPairCorr
  0.91IPIRX Voya Global PerspectivesPairCorr
  0.94IPHYX Voya High YieldPairCorr

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 Vacs 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 Vacs' 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.

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