Voya Global Correlations

INGBX Fund

USD 7.18 0.01 0.14%

The current 90-days correlation between Voya Global Bond and Western Asset E is 0.13 (i.e., Average diversification). The correlation of Voya Global 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 Global Correlation With Market

Average diversification

The correlation between Voya Global Bond and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Global Bond 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 Global Bond. 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 bureau of labor statistics.

Moving together with Voya Mutual Fund

0.96	FGBRX	Templeton Global Bond	Pair Corr
0.96	FBNRX	Templeton Global Bond	Pair Corr
0.98	RCWBX	Capital World Bond	Pair Corr
0.98	CCWFX	Capital World Bond	Pair Corr
0.98	CCWCX	Capital World Bond	Pair Corr
0.98	RCWEX	Capital World Bond	Pair Corr
0.98	CCWEX	Capital World Bond	Pair Corr
0.98	RCWCX	Capital World Bond	Pair Corr
0.98	RCWGX	Capital World Bond	Pair Corr
0.98	RCWFX	Capital World Bond	Pair Corr
0.7	PDI	Pimco Dynamic Income	Pair Corr
0.68	UIPIX	Ultrashort Mid Cap	Pair Corr
0.89	FTCAX	Templeton Strained Bond	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.79	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr
0.73	MCD	McDonalds	Pair Corr
0.67	IBM	International Business	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.79	PG	Procter Gamble	Pair Corr

Moving against Voya Mutual Fund

0.31	TCTGX	Transamerica Cleartrack	Pair Corr
0.56	MSFT	Microsoft	Pair Corr
0.54	AXP	American Express	Pair Corr
0.51	BAC	Bank of America	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.35	DIS	Walt Disney	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	WACIX	GANPX	ARTFX	DBLFX	UIITX	ANBIX	FLQTVX	GHVIX
WACIX		0.94	0.82	0.99	0.99	0.98	0.98	0.87	WACIX
GANPX	0.94		0.91	0.9	0.93	0.95	0.87	0.9	GANPX
ARTFX	0.82	0.91		0.74	0.77	0.84	0.73	0.96	ARTFX
DBLFX	0.99	0.9	0.74		0.99	0.97	0.99	0.82	DBLFX
UIITX	0.99	0.93	0.77	0.99		0.97	0.98	0.83	UIITX
ANBIX	0.98	0.95	0.84	0.97	0.97		0.94	0.88	ANBIX
FLQTVX	0.98	0.87	0.73	0.99	0.98	0.94		0.81	FLQTVX
GHVIX	0.87	0.9	0.96	0.82	0.83	0.88	0.81		GHVIX
	WACIX	GANPX	ARTFX	DBLFX	UIITX	ANBIX	FLQTVX	GHVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Global 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 Global'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
WACIX	0.25	0.02	0.28	0.29	0.21	(0.30)	0.55	(0.44)	1.56
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
DBLFX	0.22	0.02	0.30	0.44	0.17	(0.27)	0.54	(0.33)	1.33
UIITX	0.23	0.02	0.29	0.56	0.18	(0.28)	0.55	(0.43)	1.45
ANBIX	0.16	0.03	0.41	1.08	0.00	(0.21)	0.38	(0.38)	0.98
FLQTVX	0.12	0.00	0.44	0.05	0.11	(0.12)	0.24	(0.23)	0.77
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01

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

2024 Macroaxis LLC