Vy(r) Columbia Correlations

ICVPX Fund

USD 17.43 0.00 0.00%

The current 90-days correlation between Vy Umbia Small and Voya Bond Index is 0.11 (i.e., Average diversification). The correlation of Vy(r) Columbia 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) Columbia Correlation With Market

Significant diversification

The correlation between Vy Umbia Small 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 Umbia Small 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 Umbia Small. 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 american community survey.

Moving together with Vy(r) Mutual Fund

0.89	IMCVX	Voya Multi Manager	Pair Corr
0.95	IMOZX	Voya Midcap Opportunities	Pair Corr
0.9	INGIX	Voya Stock Index	Pair Corr
0.79	VPISX	Voya Index Solution	Pair Corr
0.85	VPRAX	Voya T Rowe	Pair Corr
0.8	VPSAX	Voya Index Solution	Pair Corr
0.94	NAWGX	Voya Global Equity	Pair Corr
0.91	NAWIX	Voya Global Equity	Pair Corr
0.94	IPEIX	Voya Large Cap	Pair Corr
0.94	IPESX	Voya Large Cap	Pair Corr
0.71	IPHYX	Voya High Yield	Pair Corr
0.64	IPSRX	Voya Global Perspectives	Pair Corr
0.72	IPYAX	Voya High Yield	Pair Corr
0.8	VRROX	Voya Target Retirement	Pair Corr
0.82	VSPSX	Voya Solution 2060	Pair Corr
0.68	VSQUX	Voya Solution 2065	Pair Corr
0.92	PLCIX	Voya Large Cap	Pair Corr
0.77	VSZFX	Voya Index Solution	Pair Corr
0.83	IRMGX	Voya Retirement Moderate	Pair Corr
0.79	VTRMX	Voya Target Retirement	Pair Corr
0.72	VTRHX	Voya Target Retirement	Pair Corr
0.67	VTRFX	Voya Target Retirement	Pair Corr
0.65	VTREX	Voya Target Retirement	Pair Corr
0.9	IAGAX	Voya Solution Moderately	Pair Corr

Moving against Vy(r) Mutual Fund

0.77	IOSAX	Voya Global Bond	Pair Corr
0.77	IOSIX	Voya Global Bond	Pair Corr
0.76	INGBX	Voya Global Bond	Pair Corr
0.75	IOSSX	Voya Global Bond	Pair Corr
0.7	ILBAX	Voya Bond Index	Pair Corr
0.68	ILABX	Voya Bond Index	Pair Corr
0.68	ILUAX	Voya Bond Index	Pair Corr
0.66	INTIX	Voya International Index	Pair Corr
0.66	IPISX	Voya Intermediate Bond	Pair Corr
0.43	VSPTX	Voya Solution 2060	Pair Corr

Related Correlations Analysis

	ILABX	ILBAX	ILBPX	ILMBX	ILUAX	IMBAX	IMCDX	IMCVX	IMOPX	IMORX
ILABX		0.97	0.49	0.64	1.0	0.62	0.0	-0.53	-0.73	-0.72	ILABX
ILBAX	0.97		0.57	0.7	0.97	0.69	0.0	-0.52	-0.73	-0.73	ILBAX
ILBPX	0.49	0.57		0.97	0.48	0.97	0.0	0.01	-0.14	-0.12	ILBPX
ILMBX	0.64	0.7	0.97		0.63	0.97	0.0	-0.1	-0.27	-0.24	ILMBX
ILUAX	1.0	0.97	0.48	0.63		0.6	0.0	-0.53	-0.73	-0.73	ILUAX
IMBAX	0.62	0.69	0.97	0.97	0.6		0.0	-0.12	-0.3	-0.28	IMBAX
IMCDX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IMCDX
IMCVX	-0.53	-0.52	0.01	-0.1	-0.53	-0.12	0.0		0.9	0.91	IMCVX
IMOPX	-0.73	-0.73	-0.14	-0.27	-0.73	-0.3	0.0	0.9		0.98	IMOPX
IMORX	-0.72	-0.73	-0.12	-0.24	-0.73	-0.28	0.0	0.91	0.98		IMORX
	ILABX	ILBAX	ILBPX	ILMBX	ILUAX	IMBAX	IMCDX	IMCVX	IMOPX	IMORX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ILUAX	+ 1.0	ILABX
IMORX	+ 0.98	IMOPX
ILBAX	+ 0.97	ILABX
ILUAX	+ 0.97	ILBAX
ILMBX	+ 0.97	ILBPX
IMBAX	+ 0.97	ILBPX

High negative correlations

IMORX	- 0.73	ILUAX
IMOPX	- 0.73	ILUAX
IMORX	- 0.73	ILBAX
IMOPX	- 0.73	ILBAX
IMOPX	- 0.73	ILABX
IMORX	- 0.72	ILABX

Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Columbia 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) Columbia'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
ILABX	0.23	(0.01)	0.00	0.23	0.00	0.00	0.44	(0.66)	1.54
ILBAX	0.24	(0.03)	0.00	(0.24)	0.00	0.00	0.44	(0.55)	1.54
ILBPX	0.10	0.00	(0.78)	0.31	0.00	(0.16)	0.21	(0.11)	0.95
ILMBX	0.09	0.00	(0.79)	(0.11)	0.00	(0.17)	0.21	(0.10)	0.94
ILUAX	0.24	(0.01)	0.00	0.23	0.00	0.00	0.44	(0.55)	1.54
IMBAX	0.09	0.00	(0.74)	(0.01)	0.00	(0.16)	0.22	(0.11)	0.86
IMCDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMCVX	0.57	(0.02)	(0.05)	0.09	0.53	(0.68)	1.14	(0.99)	3.59
IMOPX	0.72	0.23	0.14	0.95	0.65	(0.86)	1.86	(1.33)	4.41
IMORX	0.74	0.14	0.16	0.25	0.64	(0.88)	1.95	(1.34)	4.38

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

2024 Macroaxis LLC