Voya Vacs Correlations

Mutual Funds . USA . 
Fund . Voya Vacs Index
VVIMX Fund   12.86  0.02  0.16%   
The current 90-days correlation between Voya Vacs Index and Voya Bond Index is 0.16 (i.e., Average diversification). 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 poor diversification

The correlation between Voya Vacs Index and DJI is 0.89 (i.e., Very poor 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 industry.

Moving together with Voya Mutual Fund

  0.75ILABX Voya Bond IndexPairCorr
  0.75ILBAX Voya Bond IndexPairCorr
  0.82ILMBX Voya Limited MaturityPairCorr
  0.98IMCVX Voya Multi ManagerPairCorr
  0.93IMOPX Voya Midcap OpportunitiesPairCorr
  0.93IMOZX Voya Midcap OpportunitiesPairCorr
  0.96INGIX Voya Stock IndexPairCorr
  0.94VPISX Voya Index SolutionPairCorr
  0.94VPRAX Voya T RowePairCorr
  0.96VPSSX Voya Index SolutionPairCorr
  0.96VPSAX Voya Index SolutionPairCorr
  0.91IOGPX Vy Oppenheimer GlobalPairCorr
  0.83NAWCX Voya Global EquityPairCorr
  0.84NAWGX Voya Global EquityPairCorr
  0.86NAWIX Voya Global EquityPairCorr
  0.96IPARX Voya Global PerspectivesPairCorr
  0.86IPETX Voya Large CapPairCorr
  0.79IPIIX Ing Intermediate BondPairCorr
  0.89IPIMX Voya High YieldPairCorr
  0.9IPHYX Voya High YieldPairCorr
  0.96IPLIX Voya Index PlusPairCorr
  0.92IPMSX Voya Index PlusPairCorr
  0.93IPSIX Voya Index PlusPairCorr
  0.93IPSSX Voya Index PlusPairCorr
  0.94VRRJX Voya Target RetirementPairCorr
  0.92VRRFX Voya Target InPairCorr
  0.97VRROX Voya Target RetirementPairCorr
  0.94VRRKX Voya Target RetirementPairCorr
  0.81VSCWX Voya Securitized CreditPairCorr
  0.96VSQUX Voya Solution 2065PairCorr
  0.93PLCIX Voya Large CapPairCorr
  0.91IRCAX Voya Retirement ServativePairCorr
  0.93VSZEX Voya Index SolutionPairCorr
  0.93VSZHX Voya Index SolutionPairCorr

Moving against Voya Mutual Fund

  0.38VRLCX Voya Large CapPairCorr

Related Correlations Analysis


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  0.23  0.02 (0.26) 0.46  0.11 
(0.30)
 0.56 
(0.33)
 1.22 
ILBAX  0.21  0.02 (0.25) 0.69  0.09 
(0.29)
 0.44 
(0.33)
 1.12 
ILBPX  0.09  0.02 (0.66) 1.39  0.00 
(0.19)
 0.32 
(0.11)
 0.64 
ILMBX  0.09  0.01 (0.74) 1.23  0.00 
(0.16)
 0.21 
(0.10)
 0.52 
ILUAX  0.22  0.02 (0.29) 0.43  0.09 
(0.28)
 0.45 
(0.33)
 1.24 
IMBAX  0.09  0.01 (0.67) 0.71  0.00 
(0.19)
 0.32 
(0.11)
 0.65 
IMCVX  0.56 (0.02)(0.05) 0.07  0.54 
(0.67)
 1.47 
(1.03)
 3.13 
IMOPX  0.76 (0.01)(0.02) 0.08  0.69 
(0.92)
 1.57 
(1.25)
 3.54 
IMORX  0.75 (0.01)(0.02) 0.08  0.68 
(0.89)
 1.53 
(1.17)
 3.53 
IMOWX  0.75 (0.01)(0.02) 0.09  0.67 
(0.89)
 1.47 
(1.14)
 3.56 

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