Voya Asia Correlations

IAE Fund

USD 7.77 0.04 0.52%

The current 90-days correlation between Voya Asia Pacific and European Equity Closed is 0.09 (i.e., Significant diversification). The correlation of Voya Asia 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.

Voya Asia Correlation With Market

Significant diversification

The correlation between Voya Asia Pacific and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Asia Pacific and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya Asia Pacific. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Voya Fund

0.86	XDSMX	Dreyfus Strategic	Pair Corr
0.83	XNXJX	Nuveen New Jersey	Pair Corr
0.89	NXJ	Nuveen New Jersey	Pair Corr
0.83	XNBHX	Neuberger Berman Int	Pair Corr
0.89	PRPFX	Permanent Portfolio Class	Pair Corr
0.9	PQTNX	Pimco Trends Managed	Pair Corr
0.81	RBDTX	American Funds 2025	Pair Corr
0.83	PIMAX	Pioneer High Income	Pair Corr
0.91	IHAYX	Hartford Balanced	Pair Corr
0.74	MISEX	Midas Special	Pair Corr
0.94	VMMSX	Vanguard Emerging Markets	Pair Corr
0.83	JEMQX	John Hancock Emerging	Pair Corr
0.81	SEDAX	Siit Emerging Markets	Pair Corr
0.85	TSSCX	Thornburg Strategic	Pair Corr
0.72	RLESX	Us Small Cap	Pair Corr
0.93	LDMYX	Lord Abbett Emerging	Pair Corr
0.85	AMKIX	Emerging Markets	Pair Corr
0.76	VFISX	Vanguard Short Term	Pair Corr
0.84	CRDIX	Griffin Inst Access	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VMNVX	Vanguard Global Minimum	Pair Corr
0.86	AFB	Alliancebernstein	Pair Corr
0.83	DGEFX	Destinations Equity	Pair Corr
0.75	JSIGX	Jacob Small Cap	Pair Corr
0.61	RRSCX	Global Real Estate	Pair Corr
0.93	TADCX	Transamerica Growth	Pair Corr
0.77	QFVRX	Pear Tree Polaris	Pair Corr
0.81	HRBDX	Harbor Bond Fund	Pair Corr
0.93	MLOCX	Cohen Steers Mlp	Pair Corr
0.78	RMBHX	Rmb Fund A	Pair Corr
0.81	MBXAX	Catalystmillburn Hedge	Pair Corr
0.93	LPDAX	Blackrock Lifepath	Pair Corr
0.84	RETSX	Tax Managed Large	Pair Corr
0.87	BDSAX	Blackrock Advantage Small	Pair Corr
0.77	LGCCX	Lord Abbett Global	Pair Corr

Related Correlations Analysis

	TRAOX	EEA	PGZ	AFJAX	GLV	DMA	VGI	PLHHX	NMS	IHD
TRAOX		0.79	0.82	0.98	0.96	0.77	0.74	0.98	0.94	0.97	TRAOX
EEA	0.79		0.63	0.79	0.75	0.6	0.63	0.83	0.7	0.78	EEA
PGZ	0.82	0.63		0.78	0.81	0.67	0.64	0.83	0.79	0.79	PGZ
AFJAX	0.98	0.79	0.78		0.93	0.7	0.71	0.96	0.94	0.96	AFJAX
GLV	0.96	0.75	0.81	0.93		0.71	0.79	0.96	0.9	0.95	GLV
DMA	0.77	0.6	0.67	0.7	0.71		0.52	0.72	0.72	0.75	DMA
VGI	0.74	0.63	0.64	0.71	0.79	0.52		0.76	0.71	0.68	VGI
PLHHX	0.98	0.83	0.83	0.96	0.96	0.72	0.76		0.9	0.96	PLHHX
NMS	0.94	0.7	0.79	0.94	0.9	0.72	0.71	0.9		0.89	NMS
IHD	0.97	0.78	0.79	0.96	0.95	0.75	0.68	0.96	0.89		IHD
	TRAOX	EEA	PGZ	AFJAX	GLV	DMA	VGI	PLHHX	NMS	IHD

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Risk-Adjusted Indicators

There is a big difference between Voya Fund performing well and Voya Asia 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 Asia'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
TRAOX	0.70	0.20	0.08	(1.75)	0.74	(0.78)	1.43	(0.85)	5.15
EEA	0.60	0.11	(0.01)	(0.93)	0.63	(0.66)	1.32	(1.28)	3.76
PGZ	0.35	0.04	(0.15)	(0.57)	0.40	(0.40)	0.69	(0.79)	2.54
AFJAX	0.56	0.15	0.05	4.64	0.68	(0.64)	1.17	(0.69)	5.72
GLV	0.45	0.18	0.08	(0.83)	0.24	(0.59)	1.03	(0.89)	3.72
DMA	0.36	0.02	(0.23)	(0.12)	0.31	(0.64)	0.95	(0.58)	2.56
VGI	0.27	0.05	(0.17)	(1.74)	0.19	(0.33)	0.64	(0.51)	1.66
PLHHX	0.44	0.12	(0.01)	(0.68)	0.45	(0.52)	1.08	(0.63)	4.11
NMS	0.47	0.11	0.00	(2.79)	0.41	(0.58)	0.98	(0.84)	3.35
IHD	0.64	0.16	0.06	1.05	0.79	(0.73)	1.54	(0.96)	6.02

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Voya Asia Correlations

Voya Asia Correlation With Market

Significant diversification

Moving together with Voya Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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