Valic Company Correlations

Mutual Funds . USA . 
Fund . Valic Company I
VVSCX Fund  USD 11.23  0.05  0.44%   
The current 90-days correlation between Valic Company I and American Funds Inflation is 0.21 (i.e., Modest diversification). The correlation of Valic Company 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.

Valic Company Correlation With Market

Poor diversification

The correlation between Valic Company I and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valic Company I. 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 main economic indicators.

Moving together with Valic Mutual Fund

  0.68VMIDX Mid Cap IndexPairCorr
  0.72VMSGX Mid Cap StrategicPairCorr
  0.68VAPPX Valic Company IPairCorr
  0.64VSRDX Valic Company IPairCorr
  0.68VSTIX Stock Index FundPairCorr
  0.98VSSVX Small Cap SpecialPairCorr
  0.85VBCVX Broad Cap ValuePairCorr
  0.91VCAAX Asset AllocationPairCorr
  0.97VCBCX Blue Chip GrowthPairCorr
  0.98VCGAX Growth IncomePairCorr
  0.61VCIGX Valic Company IPairCorr
  0.95VCNIX Nasdaq 100 IndexPairCorr
  0.93VCSTX Science TechnologyPairCorr
  0.99VCSLX Small Cap IndexPairCorr
  0.68VCULX Growth Fund GrowthPairCorr
  0.88VDAFX Dynamic AllocationPairCorr
  0.69VVMCX Valic Company IPairCorr
  0.95VVSGX Valic Company IPairCorr
  0.77VLAGX Valic Company IPairCorr
  0.94VLCGX Large Capital GrowthPairCorr
  0.96VSIIX Vanguard Small CapPairCorr
  0.96VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr

Moving against Valic Mutual Fund

  0.59VCBDX Valic Company IPairCorr
  0.47VCIEX International EquitiesPairCorr
  0.45VCGSX Government SecuritiesPairCorr
  0.43VCIFX International GovernmentPairCorr
  0.38VCTPX Inflation ProtectedPairCorr
  0.42PFN Pimco Income StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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.

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