Vy(r) American Correlations

ISMSX Fund

USD 9.79 0.03 0.31%

The current 90-days correlation between Vy American Century and Principal Lifetime Hybrid is 0.67 (i.e., Poor diversification). The correlation of Vy(r) American 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) American Correlation With Market

Poor diversification

The correlation between Vy American Century and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy American Century 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 American Century. 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 Vy(r) Mutual Fund

0.96	IMCVX	Voya Multi Manager	Pair Corr
0.69	IMORX	Voya Midcap Opportunities	Pair Corr
0.68	IMOWX	Voya Midcap Opportunities	Pair Corr
0.68	IMOZX	Voya Midcap Opportunities	Pair Corr
0.75	VPRSX	Voya Jpmorgan Small	Pair Corr
0.64	NAWCX	Voya Global Equity	Pair Corr
0.61	NAWGX	Voya Global Equity	Pair Corr
0.72	NAWIX	Voya Global Equity	Pair Corr

Moving against Vy(r) Mutual Fund

0.57	ILBPX	Voya Limited Maturity	Pair Corr
0.57	ILMBX	Voya Limited Maturity	Pair Corr
0.55	IMBAX	Voya Limited Maturity	Pair Corr
0.48	IMOPX	Voya Midcap Opportunities	Pair Corr
0.46	ILABX	Voya Bond Index	Pair Corr
0.41	ILBAX	Voya Bond Index	Pair Corr
0.39	ILUAX	Voya Bond Index	Pair Corr
0.36	INGIX	Voya Stock Index	Pair Corr
0.46	VPSAX	Voya Index Solution	Pair Corr
0.46	IOGPX	Vy Oppenheimer Global	Pair Corr
0.43	VPRAX	Voya T Rowe	Pair Corr
0.51	VRLCX	Voya Large Cap	Pair Corr
0.49	IPIIX	Ing Intermediate Bond	Pair Corr
0.46	IPISX	Voya Intermediate Bond	Pair Corr
0.36	VRRFX	Voya Target In	Pair Corr
0.33	IPLIX	Voya Index Plus	Pair Corr
0.33	VRRJX	Voya Target Retirement	Pair Corr

Related Correlations Analysis

	PHTYX	FARIX	PDNIX	CDEYX	EIIMX	VDSCX	LIGQX
PHTYX		0.86	0.82	0.85	0.77	0.87	0.97	PHTYX
FARIX	0.86		0.86	0.86	0.88	0.87	0.82	FARIX
PDNIX	0.82	0.86		0.84	0.93	0.9	0.8	PDNIX
CDEYX	0.85	0.86	0.84		0.82	0.95	0.78	CDEYX
EIIMX	0.77	0.88	0.93	0.82		0.87	0.73	EIIMX
VDSCX	0.87	0.87	0.9	0.95	0.87		0.82	VDSCX
LIGQX	0.97	0.82	0.8	0.78	0.73	0.82		LIGQX
	PHTYX	FARIX	PDNIX	CDEYX	EIIMX	VDSCX	LIGQX

Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) American 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) American'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
PHTYX	0.48	0.02	0.01	0.09	0.64	(0.48)	1.02	(1.00)	3.22
FARIX	0.35	0.07	0.05	0.30	0.26	(0.42)	1.06	(0.67)	1.94
PDNIX	0.14	0.04	(0.14)	1.91	0.00	(0.20)	0.31	(0.20)	0.82
CDEYX	0.50	0.08	0.04	0.56	0.58	(0.54)	1.08	(0.96)	3.28
EIIMX	0.14	0.01	(0.21)	0.51	0.00	(0.19)	0.30	(0.29)	0.74
VDSCX	0.63	0.10	0.05	0.80	0.85	(0.64)	1.19	(1.27)	3.87
LIGQX	0.23	0.01	(0.09)	0.10	0.19	(0.26)	0.51	(0.39)	1.40

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