Voya Large Correlations

Mutual Funds USA . 
Fund . Voya Large Cap
IPESX Fund  USD 5.38  0.01  0.19%   
The current 90-days correlation between Voya Large Cap and Voya Bond Index is -0.17 (i.e., Good 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

Good diversification

The correlation between Voya Large Cap and DJI is -0.16 (i.e., Good 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 manufacturing.

Moving together with Voya Mutual Fund

  0.61ILABX Voya Bond IndexPairCorr
  0.63ILBPX Voya Limited MaturityPairCorr
  0.78IMOZX Voya Midcap OpportunitiesPairCorr
  0.78IOGPX Vy Oppenheimer GlobalPairCorr
  0.76NAPIX Voya Multi ManagerPairCorr
  0.65NAWCX Voya Global EquityPairCorr
  0.66NAWGX Voya Global EquityPairCorr
  0.66NAWIX Voya Global EquityPairCorr
  0.82IPARX Voya Global PerspectivesPairCorr
  0.77IPIMX Voya High YieldPairCorr
  0.81IPLSX Voya Index PlusPairCorr
  0.8VRRJX Voya Target RetirementPairCorr
  0.82VRRFX Voya Target InPairCorr
  0.82VSQUX Voya Solution 2065PairCorr
  0.8VSZEX Voya Index SolutionPairCorr
  0.76VSZJX Voya Index SolutionPairCorr
  0.87IRMCX Voya Russelltm MidPairCorr
  0.86IRSVX Voya Target RetirementPairCorr
  0.85IRSNX Voya Target RetirementPairCorr
  0.88IRVIX Voya Russelltm LargePairCorr
  0.82IAGTX Voya Solution ModeratelyPairCorr
  0.86VTRKX Voya Target RetirementPairCorr
  0.86VTRUX Voya Target RetirementPairCorr
  0.86VTRNX Voya Target RetirementPairCorr
  0.61IAGIX Voya Solution ModeratelyPairCorr
  0.86VTURX Voya Target RetirementPairCorr
  0.82ISDIX Voya Index SolutionPairCorr
  0.64IASBX Voya Short TermPairCorr
  0.82ISGTX Voya Solution BalancedPairCorr
  0.78ISMSX Vy American CenturyPairCorr
  0.82ISPBX Voya Solution 2025PairCorr
  0.82ISZAX Ing Solution 2025PairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILABX  0.22  0.03 (0.27) 0.54  0.07 
(0.29)
 0.56 
(0.33)
 1.12 
ILBAX  0.21  0.03 (0.26) 0.89  0.00 
(0.28)
 0.44 
(0.33)
 1.12 
ILBPX  0.09  0.02 (0.72) 1.68  0.00 
(0.19)
 0.32 
(0.11)
 0.64 
ILMBX  0.10  0.01 (0.78) 1.41  0.00 
(0.17)
 0.31 
(0.10)
 0.63 
ILUAX  0.21  0.02 (0.30) 0.52  0.04 
(0.28)
 0.45 
(0.33)
 1.24 
IMBAX  0.09  0.01 (0.76) 0.75  0.00 
(0.18)
 0.32 
(0.11)
 0.65 
IMCVX  0.56 (0.03)(0.06) 0.07  0.55 
(0.65)
 1.47 
(1.03)
 3.13 
IMOPX  0.75  0.01  0.00  0.11  0.66 
(0.92)
 1.57 
(1.25)
 3.54 
IMORX  0.75  0.01  0.00  0.12  0.64 
(0.88)
 1.53 
(1.17)
 3.53 
IMOWX  0.75  0.01  0.00  0.12  0.63 
(0.89)
 1.47 
(1.14)
 3.56 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY