Valic Company Correlations

VVSCX Fund

USD 12.63 0.12 0.96%

The current 90-days correlation between Valic Company I and Tiaa Cref Real Estate is 0.17 (i.e., Average 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

Good diversification

The correlation between Valic Company I and DJI is -0.07 (i.e., Good 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

0.9	VMIDX	Mid Cap Index	Pair Corr
0.71	VMSGX	Mid Cap Strategic	Pair Corr
0.69	VSRDX	Valic Company I	Pair Corr
0.91	VSSVX	Small Cap Special	Pair Corr
0.7	VBCVX	Broad Cap Value	Pair Corr
0.8	VCAAX	Asset Allocation	Pair Corr
0.65	VCGAX	Growth Income	Pair Corr
0.63	VCIFX	International Government	Pair Corr
0.93	VCSLX	Small Cap Index	Pair Corr
0.72	VDAFX	Dynamic Allocation	Pair Corr
0.89	VVMCX	Valic Company I	Pair Corr
0.77	VVSGX	Valic Company I	Pair Corr
0.8	VGREX	Global Real Estate	Pair Corr
0.63	VLCGX	Large Capital Growth	Pair Corr
0.92	VSIIX	Vanguard Small Cap	Pair Corr
0.92	VISVX	Vanguard Small Cap	Pair Corr
0.92	DFSVX	Us Small Cap	Pair Corr
0.92	DFFVX	Us Targeted Value	Pair Corr

Related Correlations Analysis

	TIREX	SAREX	CREFX	SRPIX	RRRZX	CREMX	GREZX
TIREX		0.92	1.0	-1.0	0.99	-0.29	0.99	TIREX
SAREX	0.92		0.94	-0.92	0.94	-0.43	0.92	SAREX
CREFX	1.0	0.94		-1.0	0.99	-0.32	0.99	CREFX
SRPIX	-1.0	-0.92	-1.0		-0.98	0.26	-0.99	SRPIX
RRRZX	0.99	0.94	0.99	-0.98		-0.41	0.97	RRRZX
CREMX	-0.29	-0.43	-0.32	0.26	-0.41		-0.23	CREMX
GREZX	0.99	0.92	0.99	-0.99	0.97	-0.23		GREZX
	TIREX	SAREX	CREFX	SRPIX	RRRZX	CREMX	GREZX

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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

CREFX	+ 1.0	TIREX
RRRZX	+ 0.99	TIREX
GREZX	+ 0.99	TIREX
RRRZX	+ 0.99	CREFX
GREZX	+ 0.99	CREFX
GREZX	+ 0.97	RRRZX

High negative correlations

SRPIX	- 1.0	CREFX
SRPIX	- 1.0	TIREX
GREZX	- 0.99	SRPIX
RRRZX	- 0.98	SRPIX
SRPIX	- 0.92	SAREX
CREMX	- 0.43	SAREX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TIREX	0.76	(0.01)	0.00	(0.04)	0.00	0.00	1.49	(1.52)	4.93
SAREX	0.80	(0.04)	0.00	0.22	0.00	0.00	1.43	(1.60)	5.70
CREFX	0.79	(0.02)	0.00	(0.05)	0.00	0.00	1.54	(1.63)	4.83
SRPIX	0.80	0.00	0.04	(0.03)	0.87	(0.94)	1.73	(1.51)	6.06
RRRZX	0.78	(0.02)	0.00	(0.07)	0.00	0.00	1.61	(1.62)	5.26
CREMX	0.04	0.01	0.00	(0.49)	0.00	0.00	0.08	0.00	0.08
GREZX	0.67	(0.01)	0.00	(0.04)	0.00	0.00	1.32	(1.34)	4.51

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