Voya Large Correlations

IPEIX Fund

USD 6.19 0.01 0.16%

The current 90-days correlation between Voya Large Cap and Lord Abbett Short is 0.31 (i.e., Weak diversification). The correlation of Voya Large 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 Large Correlation With Market

Almost no diversification

The correlation between Voya Large Cap and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Large Cap 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 Large Cap. 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 gross domestic product.

Moving together with Voya Mutual Fund

0.9	ILBPX	Voya Limited Maturity	Pair Corr
0.9	ILMBX	Voya Limited Maturity	Pair Corr
0.91	IMBAX	Voya Limited Maturity	Pair Corr
0.91	IMCVX	Voya Multi Manager	Pair Corr
0.84	IMORX	Voya Midcap Opportunities	Pair Corr
0.86	IMOWX	Voya Midcap Opportunities	Pair Corr
0.86	IMOZX	Voya Midcap Opportunities	Pair Corr
0.96	IMYCX	Voya High Yield	Pair Corr
0.84	INGIX	Voya Stock Index	Pair Corr
0.94	VPISX	Voya Index Solution	Pair Corr
0.95	INTIX	Voya International Index	Pair Corr
0.72	VPRAX	Voya T Rowe	Pair Corr
0.94	VPSSX	Voya Index Solution	Pair Corr
0.94	VPRSX	Voya Jpmorgan Small	Pair Corr
0.94	VPSAX	Voya Index Solution	Pair Corr
0.78	IOGPX	Vy Oppenheimer Global	Pair Corr
0.69	IOSIX	Voya Global Bond	Pair Corr
0.62	IOSSX	Voya Global Bond	Pair Corr
0.92	NAPIX	Voya Multi Manager	Pair Corr
0.91	NARCX	Voya Multi Manager	Pair Corr
0.91	NAWCX	Voya Global Equity	Pair Corr
0.89	NAWGX	Voya Global Equity	Pair Corr
0.92	NAWIX	Voya Global Equity	Pair Corr
0.94	IPARX	Voya Global Perspectives	Pair Corr
1.0	IPEAX	Voya Large Cap	Pair Corr
1.0	IPESX	Voya Large Cap	Pair Corr
1.0	IPETX	Voya Large Cap	Pair Corr
0.94	IPIMX	Voya High Yield	Pair Corr
0.94	IPIRX	Voya Global Perspectives	Pair Corr
0.95	IPHYX	Voya High Yield	Pair Corr

Related Correlations Analysis

	BUFHX	MRHYX	NMHYX	JYHRX	RIMOX	IPIMX	LSYFX
BUFHX		0.95	0.97	0.92	0.91	0.92	0.9	BUFHX
MRHYX	0.95		0.98	0.98	0.98	0.97	0.95	MRHYX
NMHYX	0.97	0.98		0.95	0.94	0.94	0.94	NMHYX
JYHRX	0.92	0.98	0.95		0.99	0.97	0.94	JYHRX
RIMOX	0.91	0.98	0.94	0.99		0.96	0.94	RIMOX
IPIMX	0.92	0.97	0.94	0.97	0.96		0.96	IPIMX
LSYFX	0.9	0.95	0.94	0.94	0.94	0.96		LSYFX
	BUFHX	MRHYX	NMHYX	JYHRX	RIMOX	IPIMX	LSYFX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Large 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 Large'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BUFHX	0.10	0.00	(0.32)	0.08	(0.14)	0.19	(0.19)	0.76
MRHYX	0.09	0.01	(0.27)	0.20	(0.15)	0.24	(0.23)	0.47
NMHYX	0.10	0.01	(0.33)	0.15	(0.14)	0.24	(0.12)	0.60
JYHRX	0.08	0.02	(0.29)	(3.65)	(0.15)	0.15	(0.15)	0.31
RIMOX	0.05	0.03	(0.62)	0.69	(0.09)	0.15	(0.05)	0.36
IPIMX	0.12	0.01	(0.29)	0.71	(0.20)	0.34	(0.23)	0.92
LSYFX	0.13	0.02	(0.30)	0.24	(0.22)	0.31	(0.21)	1.14

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Voya Large Correlations

Voya Large Correlation With Market

Almost no diversification

Moving together with Voya Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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