Vy Baron Correlations

IBSAX Fund

USD 20.72 0.19 0.93%

The current 90-days correlation between Vy Baron Growth and Franklin Emerging Market is 0.22 (i.e., Modest diversification). The correlation of Vy Baron 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 Baron Correlation With Market

Significant diversification

The correlation between Vy Baron Growth and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Baron Growth 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 Baron Growth. 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 nation.

Moving together with IBSAX Mutual Fund

0.82	ILABX	Voya Bond Index	Pair Corr
0.81	ILBAX	Voya Bond Index	Pair Corr
0.82	ILUAX	Voya Bond Index	Pair Corr
0.72	IMCVX	Voya Multi Manager	Pair Corr
0.63	IMOPX	Voya Midcap Opportunities	Pair Corr
0.8	IMORX	Voya Midcap Opportunities	Pair Corr
0.77	IMOZX	Voya Midcap Opportunities	Pair Corr
0.61	VPRAX	Voya T Rowe	Pair Corr
0.63	IOGPX	Vy Oppenheimer Global	Pair Corr
0.68	IOSAX	Voya Global Bond	Pair Corr
0.73	NAWCX	Voya Global Equity	Pair Corr
0.84	NAWGX	Voya Global Equity	Pair Corr
0.92	NAWIX	Voya Global Equity	Pair Corr
0.85	IPETX	Voya Large Cap	Pair Corr
0.78	IPIIX	Ing Intermediate Bond	Pair Corr
0.65	IPISX	Voya Intermediate Bond	Pair Corr
0.89	IPIRX	Voya Global Perspectives	Pair Corr
0.81	IPMSX	Voya Index Plus	Pair Corr
0.85	VREQX	Voya Real Estate	Pair Corr
0.88	IPSIX	Voya Index Plus	Pair Corr
0.81	VRRJX	Voya Target Retirement	Pair Corr
0.86	VRRIX	Voya Target Retirement	Pair Corr
0.89	VRRNX	Voya Target Retirement	Pair Corr
0.81	VRRMX	Voya Target Retirement	Pair Corr
0.89	VRRLX	Voya Target Retirement	Pair Corr
0.83	VRRKX	Voya Target Retirement	Pair Corr
0.65	VRSAX	Voya Retirement Solution	Pair Corr
0.81	VACFX	Voya Investment Grade	Pair Corr
0.61	VSAQX	Voya Solution 2065	Pair Corr
0.86	IRCAX	Voya Retirement Servative	Pair Corr
0.73	IRCPX	Voya Retirement Servative	Pair Corr

Related Correlations Analysis

	FEMDX	UUPIX	DLTZX	BXECX	LOTCX	AMTOX	CDHIX	FGWMX
FEMDX		0.05	0.71	0.63	0.48	0.29	0.42	0.8	FEMDX
UUPIX	0.05		-0.23	0.58	-0.5	0.5	0.8	0.32	UUPIX
DLTZX	0.71	-0.23		0.21	0.62	-0.02	0.08	0.65	DLTZX
BXECX	0.63	0.58	0.21		-0.16	0.67	0.83	0.73	BXECX
LOTCX	0.48	-0.5	0.62	-0.16		-0.34	-0.3	0.28	LOTCX
AMTOX	0.29	0.5	-0.02	0.67	-0.34		0.65	0.41	AMTOX
CDHIX	0.42	0.8	0.08	0.83	-0.3	0.65		0.59	CDHIX
FGWMX	0.8	0.32	0.65	0.73	0.28	0.41	0.59		FGWMX
	FEMDX	UUPIX	DLTZX	BXECX	LOTCX	AMTOX	CDHIX	FGWMX

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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

CDHIX	+ 0.83	BXECX
FGWMX	+ 0.8	FEMDX
CDHIX	+ 0.8	UUPIX
FGWMX	+ 0.73	BXECX
DLTZX	+ 0.71	FEMDX
AMTOX	+ 0.67	BXECX

High negative correlations

LOTCX	- 0.5	UUPIX
AMTOX	- 0.34	LOTCX
CDHIX	- 0.3	LOTCX
DLTZX	- 0.23	UUPIX
LOTCX	- 0.16	BXECX
AMTOX	- 0.02	DLTZX

Risk-Adjusted Indicators

There is a big difference between IBSAX Mutual Fund performing well and Vy Baron 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 Baron'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
FEMDX	0.17	0.02	(0.27)	0.53	0.00	(0.22)	0.35	(0.35)	1.29
UUPIX	1.70	(0.05)	0.00	(0.12)	0.00	0.00	4.62	(4.84)	11.15
DLTZX	0.08	0.01	(0.47)	0.29	0.00	(0.19)	0.26	(0.13)	0.64
BXECX	0.21	0.00	(0.28)	0.13	0.20	(0.31)	0.54	(0.40)	1.46
LOTCX	0.52	0.05	(0.06)	(0.50)	0.66	(0.57)	0.79	(1.28)	3.77
AMTOX	0.45	(0.03)	(0.14)	(0.03)	0.60	(0.50)	1.13	(0.99)	3.48
CDHIX	0.55	0.00	(0.11)	0.03	0.76	(0.56)	1.20	(1.11)	3.77
FGWMX	0.24	0.02	(0.21)	0.54	0.23	(0.27)	0.48	(0.47)	1.97

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