Vy(r) Clarion Correlations

IVRTX Fund

USD 28.22 0.07 0.25%

The current 90-days correlation between Vy Clarion Real and Arrow Managed Futures is -0.05 (i.e., Good diversification). The correlation of Vy(r) Clarion 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) Clarion Correlation With Market

Modest diversification

The correlation between Vy Clarion Real and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Clarion Real 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 Clarion Real. 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 estimate.

Moving together with Vy(r) Mutual Fund

0.97	VGSIX	Vanguard Reit Index	Pair Corr
0.78	VGSLX	Vanguard Reit Index	Pair Corr
0.78	VGSNX	Vanguard Reit Index	Pair Corr
0.97	DFREX	Dfa Real Estate	Pair Corr
0.95	CSCIX	Cohen Steers Real	Pair Corr
0.95	CSEIX	Cohen Steers Real	Pair Corr
0.95	CSDIX	Cohen Steers Real	Pair Corr
0.97	VRTPX	Vanguard Reit Ii	Pair Corr
0.77	CSRIX	Cohen And Steers	Pair Corr
0.96	PIREX	Real Estate Securities	Pair Corr
0.73	GPBFX	Gmo E Plus	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.68	INTC	Intel Earnings Call This Week	Pair Corr
0.69	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.77	TRV	The Travelers Companies	Pair Corr
0.64	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Moving against Vy(r) Mutual Fund

0.72	PQTAX	Pimco Trends Managed	Pair Corr
0.72	PQTIX	Aa Pimco Tr	Pair Corr
0.58	GPMFX	Guidepath Managed Futures	Pair Corr
0.55	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	MFTFX	WMCAPX	FZSVMX	FUIEVX	FBJYGX	VOLJX	OPTCX
MFTFX		-0.42	-0.35	-0.2	-0.42	0.44	0.73	MFTFX
WMCAPX	-0.42		0.57	0.6	0.43	0.26	-0.31	WMCAPX
FZSVMX	-0.35	0.57		0.69	0.79	0.2	-0.25	FZSVMX
FUIEVX	-0.2	0.6	0.69		0.6	0.15	0.01	FUIEVX
FBJYGX	-0.42	0.43	0.79	0.6		0.18	-0.31	FBJYGX
VOLJX	0.44	0.26	0.2	0.15	0.18		0.71	VOLJX
OPTCX	0.73	-0.31	-0.25	0.01	-0.31	0.71		OPTCX
	MFTFX	WMCAPX	FZSVMX	FUIEVX	FBJYGX	VOLJX	OPTCX

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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

FBJYGX	+ 0.79	FZSVMX
OPTCX	+ 0.73	MFTFX
OPTCX	+ 0.71	VOLJX
FUIEVX	+ 0.69	FZSVMX
FUIEVX	+ 0.6	WMCAPX
FBJYGX	+ 0.6	FUIEVX

High negative correlations

FBJYGX	- 0.42	MFTFX
WMCAPX	- 0.42	MFTFX
FZSVMX	- 0.35	MFTFX
OPTCX	- 0.31	FBJYGX
OPTCX	- 0.31	WMCAPX
OPTCX	- 0.25	FZSVMX

Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Clarion 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) Clarion'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
MFTFX	0.96	0.07	0.03	(1.78)	1.35	(0.92)	1.70	(2.06)	5.15
WMCAPX	0.57	0.11	0.00	0.77	0.00	0.00	1.58	(1.56)	2.61
FZSVMX	0.41	0.07	0.00	1.09	0.00	0.00	0.84	(1.30)	2.14
FUIEVX	0.96	(0.08)	0.00	(0.78)	0.00	0.00	1.55	(2.57)	4.01
FBJYGX	0.45	0.02	0.00	0.47	0.64	(0.45)	0.87	(1.30)	2.17
VOLJX	0.73	0.01	0.00	0.05	1.15	(0.72)	1.52	(1.60)	6.07
OPTCX	0.14	0.02	0.01	0.47	0.00	(0.20)	0.31	(0.31)	1.35

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