Voya Vacs Correlations

Mutual Funds . USA . 
Fund . Voya Vacs Index
VVIEX Fund   13.15  0.05  0.38%   
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 weak diversification

The correlation between Voya Vacs Index and DJI is 0.52 (i.e., Very weak 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 income.

Moving together with Voya Mutual Fund

  0.86ILBPX Voya Limited MaturityPairCorr
  0.84ILMBX Voya Limited MaturityPairCorr
  0.83IMBAX Voya Limited MaturityPairCorr
  0.94IMCVX Voya Multi ManagerPairCorr
  0.95IMOPX Voya Midcap OpportunitiesPairCorr
  0.95IMORX Voya Midcap OpportunitiesPairCorr
  0.95IMOWX Voya Midcap OpportunitiesPairCorr
  0.95IMOZX Voya Midcap OpportunitiesPairCorr
  0.95IMYCX Voya High YieldPairCorr
  0.78INGIX Voya Stock IndexPairCorr
  0.97VPISX Voya Index SolutionPairCorr
  0.93INTIX Voya International IndexPairCorr
  0.97VPSSX Voya Index SolutionPairCorr
  0.68VPRSX Voya Jpmorgan SmallPairCorr
  0.97VPSAX Voya Index SolutionPairCorr
  0.97IOGPX Vy Oppenheimer GlobalPairCorr
  0.66IOSAX Voya Global BondPairCorr
  0.68IOSIX Voya Global BondPairCorr
  0.69IOSSX Voya Global BondPairCorr
  0.97NAPIX Voya Multi ManagerPairCorr
  0.97NARCX Voya Multi ManagerPairCorr
  0.94NAWCX Voya Global EquityPairCorr
  0.93NAWGX Voya Global EquityPairCorr
  0.94NAWIX Voya Global EquityPairCorr
  0.88IPARX Voya Global PerspectivesPairCorr
  0.66IPIIX Ing Intermediate BondPairCorr
  0.95IPIMX Voya High YieldPairCorr
  0.68IPISX Voya Intermediate BondPairCorr
  0.88IPIRX Voya Global PerspectivesPairCorr
  0.95IPHYX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILABX  0.25 (0.01)(0.36) 0.08  0.27 
(0.27)
 0.45 
(0.45)
 1.24 
ILBAX  0.24  0.00 (0.36) 0.12  0.26 
(0.27)
 0.45 
(0.55)
 1.12 
ILBPX  0.08  0.01 (0.92) 6.37  0.00 
(0.16)
 0.21 
(0.11)
 0.63 
ILMBX  0.08  0.01 (1.12) 3.11  0.00 
(0.17)
 0.21 
(0.10)
 0.63 
ILUAX  0.25 (0.01)(0.39) 0.07  0.27 
(0.27)
 0.45 
(0.45)
 1.24 
IMBAX  0.09  0.00 (0.96) 0.00  0.00 
(0.17)
 0.22 
(0.11)
 0.64 
IMCVX  0.65  0.02  0.00  0.17  0.63 
(0.77)
 1.84 
(1.17)
 4.55 
IMOPX  0.94  0.33  0.14 (1.18) 0.80 
(1.18)
 2.57 
(1.68)
 5.69 
IMORX  0.92  0.14  0.13  0.27  0.77 
(1.09)
 2.60 
(1.76)
 5.77 
IMOWX  0.93  0.14  0.13  0.27  0.79 
(1.10)
 2.60 
(1.85)
 5.83 

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