Voya Large Correlations

IPEIX Fund

USD 6.54 0.03 0.46%

The current 90-days correlation between Voya Large Cap and Wesmark Government Bond is 0.31 (i.e., Weak diversification). The correlation of Voya Large 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 Large Correlation With Market

Poor diversification

The correlation between Voya Large Cap and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Large Cap 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 Large Cap. 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 Voya Mutual Fund

0.61	IMCVX	Voya Multi Manager	Pair Corr
0.81	IMYCX	Voya High Yield	Pair Corr
0.89	VPISX	Voya Index Solution	Pair Corr
0.94	VPRDX	Voya Morgan Stanley	Pair Corr
0.89	VPSSX	Voya Index Solution	Pair Corr
0.89	VPSAX	Voya Index Solution	Pair Corr
0.67	NAPIX	Voya Multi Manager	Pair Corr
0.64	NARCX	Voya Multi Manager	Pair Corr
0.64	NAWCX	Voya Global Equity	Pair Corr
0.64	NAWGX	Voya Global Equity	Pair Corr
0.64	NAWIX	Voya Global Equity	Pair Corr
0.93	IPARX	Voya Global Perspectives	Pair Corr
1.0	IPEAX	Voya Large Cap	Pair Corr
1.0	IPESX	Voya Large Cap	Pair Corr
0.78	IPIMX	Voya High Yield	Pair Corr
0.84	IPIRX	Voya Global Perspectives	Pair Corr
0.78	IPHYX	Voya High Yield	Pair Corr
0.71	VREQX	Voya Real Estate	Pair Corr

Related Correlations Analysis

	WMBDX	TWARX	VSBIX	RGVEX	USGFX	UGSDX	PYUSX	CGTCX
WMBDX		0.9	0.92	0.96	0.99	0.67	0.91	0.99	WMBDX
TWARX	0.9		0.96	0.92	0.92	0.88	0.96	0.91	TWARX
VSBIX	0.92	0.96		0.9	0.95	0.87	0.94	0.94	VSBIX
RGVEX	0.96	0.92	0.9		0.97	0.71	0.96	0.96	RGVEX
USGFX	0.99	0.92	0.95	0.97		0.74	0.94	1.0	USGFX
UGSDX	0.67	0.88	0.87	0.71	0.74		0.84	0.72	UGSDX
PYUSX	0.91	0.96	0.94	0.96	0.94	0.84		0.94	PYUSX
CGTCX	0.99	0.91	0.94	0.96	1.0	0.72	0.94		CGTCX
	WMBDX	TWARX	VSBIX	RGVEX	USGFX	UGSDX	PYUSX	CGTCX

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Large 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 Large'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
WMBDX	0.25	0.02	0.25	0.50	0.23	(0.31)	0.63	(0.51)	1.43
TWARX	0.09	0.01	0.61	(0.31)	0.00	(0.15)	0.22	(0.11)	0.56
VSBIX	0.06	0.01	0.94	6.53	0.00	(0.08)	0.16	(0.12)	0.33
RGVEX	0.25	0.01	0.26	(0.25)	0.24	(0.31)	0.51	(0.42)	1.38
USGFX	0.25	0.02	0.29	0.72	0.23	(0.31)	0.51	(0.43)	1.55
UGSDX	0.03	0.00	0.00	(0.24)	0.00	0.00	0.00	0.00	0.52
PYUSX	0.12	0.00	0.47	(0.29)	0.00	(0.17)	0.32	(0.21)	0.74
CGTCX	0.25	0.02	0.26	0.39	0.25	(0.29)	0.61	(0.43)	1.56

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Voya Large Correlations

Voya Large Correlation With Market

Poor diversification

Moving together with Voya Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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