Vy(r) T Correlations
| IAXTX Fund | USD 8.27 0.04 0.48% |
The current 90-days correlation between Vy T Rowe and American Funds Tax Exempt is 0.1 (i.e., Average diversification). The correlation of Vy(r) 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(r) T Correlation With Market
Poor diversification
The correlation between Vy T Rowe 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 T Rowe and DJI in the same portfolio, assuming nothing else is changed.
Vy(r) |
Moving together with Vy(r) Mutual Fund
Related Correlations Analysis
| 0.78 | 0.87 | 0.94 | 0.78 | 0.8 | 0.87 | TEPFX | ||
| 0.78 | 0.81 | 0.75 | 0.87 | 0.95 | 0.95 | FOSPX | ||
| 0.87 | 0.81 | 0.87 | 0.9 | 0.8 | 0.87 | FTFZX | ||
| 0.94 | 0.75 | 0.87 | 0.8 | 0.78 | 0.81 | PRMDX | ||
| 0.78 | 0.87 | 0.9 | 0.8 | 0.87 | 0.86 | HYSZX | ||
| 0.8 | 0.95 | 0.8 | 0.78 | 0.87 | 0.92 | SNORX | ||
| 0.87 | 0.95 | 0.87 | 0.81 | 0.86 | 0.92 | BSBIX | ||
Risk-Adjusted Indicators
There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) 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(r) 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEPFX | 0.05 | 0.01 | (0.90) | 0.98 | 0.00 | 0.10 | 0.21 | |||
| FOSPX | 0.06 | 0.00 | (0.78) | 0.28 | 0.00 | 0.22 | 0.44 | |||
| FTFZX | 0.03 | 0.00 | 0.00 | (0.14) | 0.00 | 0.10 | 0.39 | |||
| PRMDX | 0.03 | 0.00 | 0.00 | (0.11) | 0.00 | 0.19 | 0.39 | |||
| HYSZX | 0.09 | 0.01 | (0.65) | (0.57) | 0.00 | 0.12 | 0.71 | |||
| SNORX | 0.75 | 0.16 | 0.17 | 0.33 | 0.37 | 1.78 | 6.59 | |||
| BSBIX | 0.04 | 0.00 | 0.00 | 0.33 | 0.00 | 0.11 | 0.21 |