Vy(r) Oppenheimer Correlations

IGMIX Fund

USD 9.57 0.17 1.81%

The current 90-days correlation between Vy Oppenheimer Global and Multi Manager High Yield is 0.14 (i.e., Average diversification). The correlation of Vy(r) Oppenheimer 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.

Vy(r) Oppenheimer Correlation With Market

Good diversification

The correlation between Vy Oppenheimer Global and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Oppenheimer Global 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 Vy Oppenheimer Global. 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 Vy(r) Mutual Fund

0.69	ILABX	Voya Bond Index	Pair Corr
0.68	ILBAX	Voya Bond Index	Pair Corr
0.68	ILUAX	Voya Bond Index	Pair Corr
0.65	IMBAX	Voya Limited Maturity	Pair Corr
0.66	INGBX	Voya Global Bond	Pair Corr
0.62	INTIX	Voya International Index	Pair Corr
0.99	IOGPX	Vy Oppenheimer Global	Pair Corr
0.65	IOSAX	Voya Global Bond	Pair Corr
0.66	IOSIX	Voya Global Bond	Pair Corr
0.65	IOSSX	Voya Global Bond	Pair Corr
0.68	IPIIX	Ing Intermediate Bond	Pair Corr
0.69	IPISX	Voya Intermediate Bond	Pair Corr

Moving against Vy(r) Mutual Fund

0.32	IPLIX	Voya Index Plus	Pair Corr
0.32	VRLCX	Voya Large Cap	Pair Corr
0.31	IPLSX	Voya Index Plus	Pair Corr

Related Correlations Analysis

	NMHYX	SHYIX	ISD	PGHCX	SGYAX	PHYSX	MRHYX
NMHYX		0.7	0.39	0.86	0.68	0.67	0.8	NMHYX
SHYIX	0.7		0.48	0.86	0.86	0.75	0.74	SHYIX
ISD	0.39	0.48		0.36	0.64	0.4	0.32	ISD
PGHCX	0.86	0.86	0.36		0.77	0.78	0.88	PGHCX
SGYAX	0.68	0.86	0.64	0.77		0.83	0.79	SGYAX
PHYSX	0.67	0.75	0.4	0.78	0.83		0.86	PHYSX
MRHYX	0.8	0.74	0.32	0.88	0.79	0.86		MRHYX
	NMHYX	SHYIX	ISD	PGHCX	SGYAX	PHYSX	MRHYX

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Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Oppenheimer 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 Vy(r) Oppenheimer'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
NMHYX	0.11	(0.02)	0.00	4.36	0.00	0.00	0.12	(0.24)	1.89
SHYIX	0.10	(0.01)	0.00	(2.00)	0.00	0.00	0.25	(0.25)	1.23
ISD	0.62	0.00	(0.01)	0.05	0.83	(0.58)	1.08	(1.30)	3.04
PGHCX	0.08	(0.02)	0.00	1.84	0.00	0.00	0.26	(0.26)	0.79
SGYAX	0.11	0.00	(0.06)	0.11	0.06	(0.21)	0.14	(0.28)	1.13
PHYSX	0.11	0.00	(0.05)	(0.11)	0.16	(0.14)	0.22	(0.22)	0.88
MRHYX	0.11	(0.01)	(0.09)	(0.17)	0.14	(0.14)	0.23	(0.24)	0.82

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