Voya Emerging Correlations

Funds . USA . 
Fund . Voya Emerging Markets
IHD Fund  USD 5.17  0.01  0.19%   
The current 90-days correlation between Voya Emerging Markets and Nuveen Mortgage Opportunity is 0.04 (i.e., Significant diversification). The correlation of Voya Emerging 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.

Voya Emerging Correlation With Market

Average diversification

The correlation between Voya Emerging Markets 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 Emerging Markets 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 Emerging Markets. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Voya Fund

  0.82DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.68MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Moving against Voya Fund

  0.4PG Procter Gamble Sell-off TrendPairCorr
  0.35BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
GHY
+ 0.79
JLS
JCE
+ 0.77
JRI
GGN
+ 0.72
AEF
FAX
+ 0.69
AEF
AEF
+ 0.68
JLS
JCE
+ 0.68
GHY
  
High negative correlations   
JRO
- 0.75
FAX
JRO
- 0.65
AEF
FCT
- 0.62
FAX
JRO
- 0.38
GGN
FAX
- 0.24
JCE
JRO
- 0.22
JLS

Risk-Adjusted Indicators

There is a big difference between Voya Fund performing well and Voya Emerging 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 Emerging'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
JRI  0.53  0.11  0.01  0.70  0.47 
(0.64)
 1.28 
(0.97)
 3.78 
JLS  0.37  0.04 (0.18)(4.08) 0.40 
(0.39)
 0.78 
(0.72)
 2.17 
GHY  0.51  0.01 (0.11) 0.18  0.63 
(0.55)
 1.12 
(1.02)
 3.76 
JCE  0.60  0.01 (0.04) 0.14  0.73 
(0.63)
 1.12 
(1.19)
 3.70 
AEF  0.92 (0.05)(0.11)(0.02) 1.17 
(1.01)
 2.29 
(2.08)
 6.33 
IGD  0.65 (0.02)(0.07) 0.09  0.89 
(0.65)
 1.28 
(1.43)
 4.35 
FAX  0.64 (0.09) 0.00 (0.15) 0.00 
 0.00 
 1.18 
(1.41)
 4.54 
GGN  0.64 (0.01)(0.09) 0.09  1.03 
(0.67)
 1.15 
(1.46)
 6.01 
FCT  0.38  0.03 (0.18) 0.52  0.38 
(0.46)
 0.88 
(0.79)
 2.75 
JRO  0.48  0.01 (0.15)(0.12) 0.72 
(0.45)
 0.92 
(1.17)
 2.86 

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