Voya Bond Correlations

Mutual Funds . USA . 
Fund . Voya Bond Index
ILBAX Fund  USD 9.01  0.02  0.22%   
The current 90-days correlation between Voya Bond Index and Nationwide Small Cap is -0.17 (i.e., Good diversification). The correlation of Voya Bond 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 Bond Correlation With Market

Very good diversification

The correlation between Voya Bond Index and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Bond Index 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 Bond Index. 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 Voya Mutual Fund

  1.0ILABX Voya Bond IndexPairCorr
  1.0ILUAX Voya Bond IndexPairCorr
  0.98INGBX Voya Global BondPairCorr
  0.74INTIX Voya International IndexPairCorr
  0.81IOGPX Vy Oppenheimer GlobalPairCorr
  0.98IOSAX Voya Global BondPairCorr
  0.98IOSIX Voya Global BondPairCorr
  0.98IOSSX Voya Global BondPairCorr
  1.0IPIIX Ing Intermediate BondPairCorr
  1.0IPISX Voya Intermediate BondPairCorr

Moving against Voya Mutual Fund

  0.78IMOWX Voya Midcap OpportunitiesPairCorr
  0.78IMOZX Voya Midcap OpportunitiesPairCorr
  0.77IMOPX Voya Midcap OpportunitiesPairCorr
  0.77IMORX Voya Midcap OpportunitiesPairCorr
  0.74INGIX Voya Stock IndexPairCorr
  0.65VPRSX Voya Jpmorgan SmallPairCorr
  0.59VPRAX Voya T RowePairCorr
  0.54IMCVX Voya Multi ManagerPairCorr
  0.53VPISX Voya Index SolutionPairCorr
  0.53VPSSX Voya Index SolutionPairCorr
  0.53VPSAX Voya Index SolutionPairCorr
  0.53NAWIX Voya Global EquityPairCorr
  0.52NAWGX Voya Global EquityPairCorr
  0.5NAWCX Voya Global EquityPairCorr
  0.79IPLIX Voya Index PlusPairCorr
  0.79IPLSX Voya Index PlusPairCorr
  0.78VRLCX Voya Large CapPairCorr
  0.73IPEAX Voya Large CapPairCorr
  0.73IPEIX Voya Large CapPairCorr
  0.73IPESX Voya Large CapPairCorr
  0.73IPETX Voya Large CapPairCorr
  0.73IPMSX 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 Bond 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 Bond'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY