Vy T Correlations

IAXIX Fund

USD 12.30 0.16 1.32%

The current 90-days correlation between Vy T Rowe and Mirova Global Green is -0.13 (i.e., Good diversification). The correlation of Vy T 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 T Correlation With Market

Almost no diversification

The correlation between Vy T Rowe and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy T Rowe 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 T Rowe. 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 IAXIX Mutual Fund

0.81	IMCVX	Voya Multi Manager	Pair Corr
1.0	IMOPX	Voya Midcap Opportunities	Pair Corr
1.0	IMORX	Voya Midcap Opportunities	Pair Corr
1.0	IMOWX	Voya Midcap Opportunities	Pair Corr
1.0	IMOZX	Voya Midcap Opportunities	Pair Corr
0.87	IMYCX	Voya High Yield	Pair Corr
0.95	INGIX	Voya Stock Index	Pair Corr
0.87	INTIX	Voya International Index	Pair Corr
0.94	VPRDX	Voya Morgan Stanley	Pair Corr
0.95	VPRAX	Voya T Rowe	Pair Corr
0.74	VPRSX	Voya Jpmorgan Small	Pair Corr
0.96	VPSAX	Voya Index Solution	Pair Corr
0.83	NARCX	Voya Multi Manager	Pair Corr
0.91	NAWCX	Voya Global Equity	Pair Corr
0.91	NAWGX	Voya Global Equity	Pair Corr
0.91	NAWIX	Voya Global Equity	Pair Corr
0.97	IPARX	Voya Global Perspectives	Pair Corr
0.75	IPEAX	Voya Large Cap	Pair Corr
0.64	IPEIX	Voya Large Cap	Pair Corr
0.74	IPESX	Voya Large Cap	Pair Corr
0.95	IPIMX	Voya High Yield	Pair Corr
0.87	IPHYX	Voya High Yield	Pair Corr
0.93	IPLIX	Voya Index Plus	Pair Corr
0.9	IPMSX	Voya Index Plus	Pair Corr
0.61	VREQX	Voya Real Estate	Pair Corr
0.93	IPLSX	Voya Index Plus	Pair Corr
0.9	IPMIX	Voya Index Plus	Pair Corr
0.8	IPSIX	Voya Index Plus	Pair Corr
0.7	IPSSX	Voya Index Plus	Pair Corr
0.92	IPSRX	Voya Global Perspectives	Pair Corr
0.95	VRRJX	Voya Target Retirement	Pair Corr

Related Correlations Analysis

	MGGNX	MGKAX	ARTRX	DBLGX	FMIGX	GLOIX	TBCUX	RGELX
MGGNX		0.53	0.33	0.92	-0.5	0.68	0.52	0.33	MGGNX
MGKAX	0.53		0.92	0.45	-0.12	0.91	0.95	0.95	MGKAX
ARTRX	0.33	0.92		0.23	-0.15	0.86	0.95	0.98	ARTRX
DBLGX	0.92	0.45	0.23		-0.52	0.65	0.46	0.22	DBLGX
FMIGX	-0.5	-0.12	-0.15	-0.52		-0.28	-0.19	-0.06	FMIGX
GLOIX	0.68	0.91	0.86	0.65	-0.28		0.96	0.84	GLOIX
TBCUX	0.52	0.95	0.95	0.46	-0.19	0.96		0.94	TBCUX
RGELX	0.33	0.95	0.98	0.22	-0.06	0.84	0.94		RGELX
	MGGNX	MGKAX	ARTRX	DBLGX	FMIGX	GLOIX	TBCUX	RGELX

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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

RGELX	+ 0.98	ARTRX
TBCUX	+ 0.96	GLOIX
TBCUX	+ 0.95	MGKAX
RGELX	+ 0.95	MGKAX
TBCUX	+ 0.95	ARTRX
RGELX	+ 0.94	TBCUX

High negative correlations

FMIGX	- 0.52	DBLGX
FMIGX	- 0.5	MGGNX
GLOIX	- 0.28	FMIGX
TBCUX	- 0.19	FMIGX
FMIGX	- 0.15	ARTRX
FMIGX	- 0.12	MGKAX

Risk-Adjusted Indicators

There is a big difference between IAXIX Mutual Fund performing well and Vy T 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 T'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
MGGNX	0.16	0.02	0.08	(2.65)	0.05	(0.23)	0.35	(0.34)	0.93
MGKAX	1.08	0.25	0.14	0.27	1.35	(1.14)	2.18	(2.10)	12.03
ARTRX	1.03	0.14	0.08	0.15	1.67	(1.02)	2.18	(1.83)	8.91
DBLGX	0.30	0.04	0.11	(0.55)	0.24	(0.38)	0.58	(0.46)	2.69
FMIGX	0.56	0.19	0.37	3.00	0.14	(0.79)	1.46	(0.77)	2.89
GLOIX	0.78	0.21	0.11	0.47	1.29	(0.83)	1.52	(1.34)	8.33
TBCUX	0.72	0.13	0.11	0.25	1.04	(0.87)	1.48	(1.08)	6.79
RGELX	0.98	0.14	0.07	0.15	1.58	(0.95)	2.02	(2.03)	10.08

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