Voya High Competition

IPIMX Fund

USD 8.88 0.01 0.11%

Voya High Yield competes with Arrow Managed, Rbb Fund, Materials Portfolio, and Abr 75/25; as well as few others. The fund is listed under High Yield Bond category and is part of Voya family. Analyzing Voya High competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Voya High to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Voya High Correlation with its peers.

Voya High vs Fanisx Correlation

Excellent diversification

The correlation between Voya High Yield and FANISX is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya High Yield and FANISX in the same portfolio, assuming nothing else is changed.

Moving together with Voya Mutual Fund

0.94	ILBPX	Voya Limited Maturity	Pair Corr
0.95	ILMBX	Voya Limited Maturity	Pair Corr

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Hype

Prediction

Low	Estimated	High
8.75	8.89	9.03

Details

Intrinsic

Valuation

Low	Real	High
8.02	8.16	9.78

Details

Voya High Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Voya High and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Voya and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Voya High Yield does not affect the price movement of the other competitor.

	FABWX	MFTFX	FFCGX	OPTCX	FIJFX	VOLJX	FANISX
FABWX		0.76	0.8	0.67	0.76	0.8	-0.53	FABWX
MFTFX	0.76		0.97	0.87	0.97	0.67	-0.57	MFTFX
FFCGX	0.8	0.97		0.9	0.95	0.74	-0.6	FFCGX
OPTCX	0.67	0.87	0.9		0.89	0.83	-0.63	OPTCX
FIJFX	0.76	0.97	0.95	0.89		0.66	-0.55	FIJFX
VOLJX	0.8	0.67	0.74	0.83	0.66		-0.41	VOLJX
FANISX	-0.53	-0.57	-0.6	-0.63	-0.55	-0.41		FANISX
	FABWX	MFTFX	FFCGX	OPTCX	FIJFX	VOLJX	FANISX

High positive correlations

FFCGX	+ 0.97	MFTFX
FIJFX	+ 0.97	MFTFX
FIJFX	+ 0.95	FFCGX
OPTCX	+ 0.9	FFCGX
FIJFX	+ 0.89	OPTCX
OPTCX	+ 0.87	MFTFX

High negative correlations

FANISX	- 0.63	OPTCX
FANISX	- 0.6	FFCGX
FANISX	- 0.57	MFTFX
FANISX	- 0.55	FIJFX
FANISX	- 0.53	FABWX
FANISX	- 0.41	VOLJX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya High 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 High'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
FABWX	0.66	0.10	0.09	0.21	0.65	(0.73)	1.22	(1.34)	3.34
MFTFX	1.08	0.30	0.15	4.42	1.13	(1.17)	2.06	(2.15)	6.76
FFCGX	0.56	0.12	0.06	4.10	0.61	(0.59)	1.07	(1.21)	2.84
OPTCX	0.14	0.01	(0.24)	0.11	0.00	(0.20)	0.30	(0.30)	1.00
FIJFX	0.98	0.25	0.19	0.30	0.94	(1.07)	2.11	(1.75)	5.59
VOLJX	0.62	(0.03)	(0.06)	0.03	0.83	(0.68)	1.32	(1.40)	4.25
FANISX	0.20	0.00	(0.27)	(0.05)	0.25	(0.21)	0.38	(0.41)	1.01

Voya High Competitive Analysis

The better you understand Voya High competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Voya High's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Voya High's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	IPIMX	FABWX	MFTFX	FFCGX	OPTCX	FIJFX	VOLJX	FANISX
	0.11 8.88 Voya	1.24 19.14 Fabwx	0.29 6.85 Arrow	0.24 50.71 FFCGX	0.20 10.03 Rbb	2.01 105.68 Materials	1.48 10.66 Abr	0.62 646.06 Fanisx
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Solid	Solid	Good	Good	Solid	Mild	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Fair	Low	Fair	Low	Low	Low	Fair
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Under Valued	Fairly Valued	Over Valued	Under Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Buy	Strong Buy	Cautious Hold	Strong Sell	Strong Buy	Strong Hold	Sell
Cash Position Weight	4.30 %	N/A	14.27 %	N/A	N/A	0.89 %	98.02 %	N/A
Equity Positions Weight	0.40 %	N/A	N/A	N/A	N/A	99.11 %	5.49 %	N/A
Three Year Return	8.21 %	N/A	6.25 %	N/A	N/A	7.55 %	N/A	N/A
Net Asset	520.76 M	N/A	233.08 M	N/A	35.56 M	559.89 M	270.08 M	N/A
Annual Yield	0.06 %	N/A	0.02 %	N/A	0.04 %	0.01 %	N/A	N/A
Five Year Return	3.86 %	N/A	12.00 %	N/A	N/A	8.69 %	N/A	N/A
Year To Date Return	0.63 %	N/A	11.60 %	N/A	N/A	12.87 %	N/A	N/A
One Year Return	7.98 %	N/A	12.34 %	N/A	N/A	17.87 %	N/A	N/A
Last Dividend Paid	0.05	N/A	0.01	N/A	N/A	0.02	N/A	N/A
Bond Positions Weight	11.13 %	N/A	1.00 %	N/A	N/A	N/A	N/A	N/A
Ten Year Return	6.19 %	N/A	(0.73) %	N/A	N/A	5.93 %	N/A	N/A
Daily Balance Of Power	0	0	9.2 T	9.2 T	0	0	0	9.2 T
Day Typical Price	8.88	19.14	6.85	50.71	10.03	105.68	10.66	646.06
Period Momentum Indicator	(0.01)	(0.24)	0.02	0.12	(0.02)	(2.17)	(0.16)	3.96
Rate Of Daily Change	1.0	0.99	1.0	1.0	1.0	0.98	0.99	1.01
Day Median Price	8.88	19.14	6.85	50.71	10.03	105.68	10.66	646.06
Price Action Indicator	(0.01)	(0.12)	0.01	0.06	(0.01)	(1.08)	(0.08)	1.98
Coefficient Of Variation	519.98	537.55	435.07	551.71	661.3	364.26	2831.12	3197.17
Mean Deviation	0.1046	0.6605	1.08	0.5561	0.1366	0.9827	0.6176	0.2002
Jensen Alpha	0.0168	0.0978	0.303	0.1216	0.0063	0.2529	(0.03)	(0)
Total Risk Alpha	0.0051	0.074	0.1874	0.0595	0.0017	0.2217	(0.05)	(0.02)
Sortino Ratio	(0.32)	0.0856	0.1526	0.0647	(0.24)	0.1921	(0.06)	(0.27)
Downside Variance	0.0273	0.816	2.42	0.672	0.0479	1.81	0.829	0.073
Standard Deviation	0.1436	0.8495	1.38	0.738	0.1826	1.24	0.8464	0.2575
Kurtosis	1.88	0.4594	0.049	0.4979	0.8052	0.1666	1.2	0.5154
Potential Upside	0.2294	1.22	2.06	1.07	0.304	2.11	1.32	0.3816
Treynor Ratio	1.49	0.2087	4.42	4.1	0.1105	0.3044	0.0269	(0.05)
Maximum Drawdown	0.7927	3.34	6.76	2.84	1.0	5.59	4.25	1.01
Variance	0.0206	0.7217	1.91	0.5446	0.0333	1.53	0.7164	0.0663
Market Risk Adjusted Performance	1.5	0.2187	4.43	4.11	0.1205	0.3144	0.0369	(0.04)
Risk Adjusted Performance	0.1096	0.1515	0.1908	0.1462	0.0883	0.2264	0.0291	0.0039
Skewness	0.5193	(0.05)	(0.46)	(0.22)	(0.11)	(0.55)	(0.37)	(0.28)
Semi Deviation	0.0	0.6548	1.13	0.6101	0.0	0.9405	0.8314	0.2493
Information Ratio	(0.37)	0.091	0.1715	0.0718	(0.29)	0.2092	(0.06)	(0.28)
Value At Risk	(0.11)	(1.34)	(2.15)	(1.21)	(0.30)	(1.75)	(1.40)	(0.41)
Expected Short fall	(0.18)	(0.73)	(1.17)	(0.59)	(0.20)	(1.07)	(0.68)	(0.21)
Downside Deviation	0.1654	0.9033	1.55	0.8197	0.2188	1.35	0.9105	0.2701
Semi Variance	(0.02)	0.4287	1.27	0.3722	(0.01)	0.8845	0.6912	0.0621

Voya High Competition Performance Charts

Five steps to successful analysis of Voya High Competition

Voya High's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Voya High Yield in relation to its competition. Voya High's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Voya High in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Voya High's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Voya High Yield, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Voya High position

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Other Information on Investing in Voya Mutual Fund

Voya High financial ratios help investors to determine whether Voya Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Voya with respect to the benefits of owning Voya High security.

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