Voya Solution Correlations

Mutual Funds USA . 
Fund . Voya Solution 2030
ISNHX Fund  USD 15.91  0.04  0.25%   
The current 90-days correlation between Voya Solution 2030 and Voya Bond Index is 0.36 (i.e., Weak diversification). The correlation of Voya Solution 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 Solution Correlation With Market

Very poor diversification

The correlation between Voya Solution 2030 and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Solution 2030 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 Solution 2030. 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 rate.

Moving together with Voya Mutual Fund

  0.8ILBPX Voya Limited MaturityPairCorr
  0.8ILMBX Voya Limited MaturityPairCorr
  0.77IMBAX Voya Limited MaturityPairCorr
  0.91IMCVX Voya Multi ManagerPairCorr
  0.96IMOPX Voya Midcap OpportunitiesPairCorr
  0.96IMORX Voya Midcap OpportunitiesPairCorr
  0.96IMOWX Voya Midcap OpportunitiesPairCorr
  0.96IMOZX Voya Midcap OpportunitiesPairCorr
  0.93IMYCX Voya High YieldPairCorr
  0.99INGIX Voya Stock IndexPairCorr
  1.0VPISX Voya Index SolutionPairCorr
  0.91INTIX Voya International IndexPairCorr
  0.66VPRDX Voya Morgan StanleyPairCorr
  0.99VPRAX Voya T RowePairCorr
  0.98VPSSX Voya Index SolutionPairCorr
  0.95VPRSX Voya Jpmorgan SmallPairCorr
  0.98VPSAX Voya Index SolutionPairCorr
  0.97IOGPX Vy Oppenheimer GlobalPairCorr
  0.64IOSAX Voya Global BondPairCorr
  0.64IOSIX Voya Global BondPairCorr
  0.66IOSSX Voya Global BondPairCorr
  0.98NAPIX Voya Multi ManagerPairCorr
  0.98NARCX Voya Multi ManagerPairCorr
  0.94NAWCX Voya Global EquityPairCorr
  0.95NAWGX Voya Global EquityPairCorr
  0.95NAWIX Voya Global EquityPairCorr
  0.99IPARX Voya Global PerspectivesPairCorr
  0.98IPEAX Voya Large CapPairCorr
  0.98IPEIX Voya Large CapPairCorr
  0.96IPESX Voya Large CapPairCorr
  0.98IPETX Voya Large CapPairCorr
  0.64IPIIX Ing Intermediate BondPairCorr
  0.93IPIMX Voya High YieldPairCorr
  0.64IPISX Voya Intermediate BondPairCorr
  0.99IPIRX Voya Global PerspectivesPairCorr
  0.99IPLIX Voya Index PlusPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Solution 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 Solution'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILABX  0.24 (0.01)(0.42)(0.10) 0.28 
(0.27)
 0.45 
(0.44)
 1.12 
ILBAX  0.23 (0.01)(0.39)(0.02) 0.26 
(0.27)
 0.44 
(0.55)
 1.12 
ILBPX  0.07  0.00 (0.97)(0.02) 0.00 
(0.16)
 0.21 
(0.11)
 0.63 
ILMBX  0.08  0.00 (1.14) 0.07  0.00 
(0.17)
 0.21 
(0.10)
 0.63 
ILUAX  0.24 (0.01)(0.44)(0.14) 0.27 
(0.26)
 0.44 
(0.45)
 1.23 
IMBAX  0.08  0.00 (0.99)(0.01) 0.00 
(0.17)
 0.22 
(0.11)
 0.64 
IMCVX  0.59  0.12 (0.03)(1.11) 0.56 
(0.71)
 1.58 
(1.03)
 4.50 
IMOPX  0.80  0.09  0.10  0.22  0.61 
(1.05)
 2.16 
(1.02)
 5.69 
IMORX  0.79  0.08  0.10  0.22  0.60 
(0.96)
 1.98 
(0.91)
 5.77 
IMOWX  0.80  0.08  0.10  0.22  0.60 
(0.97)
 2.05 
(0.93)
 5.83 

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