Voya Real Correlations

CRCRX Fund

USD 9.80 0.12 1.24%

The current 90-days correlation between Voya Real Estate and Qs Defensive Growth is 0.44 (i.e., Very weak diversification). The correlation of Voya Real 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 Real Correlation With Market

Average diversification

The correlation between Voya Real Estate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Voya Real Estate. 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 metropolitan statistical area.

Moving together with Voya Mutual Fund

0.86	O	Realty Income	Pair Corr
0.93	FR	First Industrial Realty	Pair Corr
0.64	HR	Healthcare Realty Trust	Pair Corr
0.74	KW	Kennedy Wilson Holdings	Pair Corr
0.94	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.63	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.82	ADC-PA	Agree Realty	Pair Corr
0.68	VNO-PL	Vornado Realty Trust	Pair Corr
0.63	VNO-PM	Vornado Realty Trust	Pair Corr
0.64	VNO-PO	Vornado Realty Trust	Pair Corr
0.98	VICI	VICI Properties	Pair Corr
0.84	ELME	Elme Communities	Pair Corr
0.78	EPRT	Essential Properties	Pair Corr
0.66	ESBA	Empire State Realty	Pair Corr
0.8	ESRT	Empire State Realty	Pair Corr
0.65	WHLR	Wheeler Real Estate	Pair Corr
0.82	BFS-PD	Saul Centers	Pair Corr

Moving against Voya Mutual Fund

0.62	OZ	Belpointe PREP LLC	Pair Corr
0.61	MITT-PC	AG Mortgage Investment	Pair Corr
0.43	DX	Dynex Capital	Pair Corr
0.42	AHR	American Healthcare REIT,	Pair Corr
0.32	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	LMLRX	SCGCX	EIPIX	ARTSX	LGLSX
LMLRX		0.94	0.72	0.76	0.24	LMLRX
SCGCX	0.94		0.72	0.78	0.42	SCGCX
EIPIX	0.72	0.72		0.8	0.36	EIPIX
ARTSX	0.76	0.78	0.8		0.43	ARTSX
LGLSX	0.24	0.42	0.36	0.43		LGLSX
	LMLRX	SCGCX	EIPIX	ARTSX	LGLSX

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Real 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 Real'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
LMLRX	0.28	(0.05)	0.00	(0.32)	0.00	0.00	0.53	(0.53)	3.02
SCGCX	0.48	(0.06)	0.00	(0.20)	0.00	0.00	0.87	(0.71)	6.81
EIPIX	0.75	(0.01)	0.00	(0.04)	0.00	0.00	1.33	(1.08)	10.11
ARTSX	1.02	(0.07)	0.00	(0.19)	0.00	0.00	1.98	(2.17)	8.55
LGLSX	0.96	0.20	0.12	3.21	1.23	(0.95)	2.43	(1.75)	7.49

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