Voya Large Correlations

IPESX Fund

USD 5.39 0.01 0.19%

The current 90-days correlation between Voya Large Cap and The Gold Bullion is -0.04 (i.e., Good 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

Very poor diversification

The correlation between Voya Large Cap and DJI is 0.85 (i.e., Very 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 manufacturing.

Moving together with Voya Mutual Fund

0.76	VVIAX	Vanguard Value Index	Pair Corr
0.82	DOXGX	Dodge Cox Stock	Pair Corr
0.62	AFMFX	American Mutual	Pair Corr
0.62	FFMMX	American Funds American	Pair Corr
0.62	FFFMX	American Funds American	Pair Corr
0.77	AMRMX	American Mutual	Pair Corr
0.78	DODGX	Dodge Stock Fund	Pair Corr
0.69	VIVAX	Vanguard Value Index	Pair Corr
0.63	RYMJX	Commodities Strategy	Pair Corr
0.64	RYMBX	Commodities Strategy	Pair Corr
0.64	XOM	Exxon Mobil Corp	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr
0.8	BAC	Bank of America	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.79	AXP	American Express	Pair Corr

Moving against Voya Mutual Fund

0.38

Coca Cola

Pair Corr

Related Correlations Analysis

	QGLDX	IIGCX	UNWPX	SGDIX	FRGOX	AGGWX	FGDTX	OGMCX
QGLDX		0.95	0.98	0.96	0.97	0.95	0.95	0.95	QGLDX
IIGCX	0.95		0.98	0.99	0.98	0.99	0.99	1.0	IIGCX
UNWPX	0.98	0.98		0.98	0.99	0.98	0.97	0.97	UNWPX
SGDIX	0.96	0.99	0.98		1.0	1.0	1.0	0.99	SGDIX
FRGOX	0.97	0.98	0.99	1.0		0.99	0.99	0.98	FRGOX
AGGWX	0.95	0.99	0.98	1.0	0.99		1.0	0.99	AGGWX
FGDTX	0.95	0.99	0.97	1.0	0.99	1.0		0.99	FGDTX
OGMCX	0.95	1.0	0.97	0.99	0.98	0.99	0.99		OGMCX
	QGLDX	IIGCX	UNWPX	SGDIX	FRGOX	AGGWX	FGDTX	OGMCX

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
QGLDX	0.65	0.20	0.18	(1.62)	0.54	(0.77)	1.69	(1.02)	3.59
IIGCX	1.24	0.52	0.30	1.40	1.06	(1.47)	2.96	(2.55)	7.04
UNWPX	1.26	0.57	0.35	1.86	0.78	(1.59)	3.59	(1.88)	7.38
SGDIX	1.21	0.55	0.33	1.32	0.88	(1.39)	3.18	(2.35)	6.38
FRGOX	1.32	0.56	0.38	1.23	0.79	(1.61)	3.38	(2.03)	6.76
AGGWX	1.31	0.54	0.34	1.19	1.02	(1.58)	3.31	(2.55)	7.51
FGDTX	1.25	0.48	0.28	1.11	1.17	(1.51)	3.06	(2.57)	7.09
OGMCX	1.19	0.51	0.32	1.08	0.94	(1.37)	2.96	(2.28)	6.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC