Voya Index Correlations

Mutual Funds . USA . 
Fund . Voya Index Plus
IPLIX Fund  USD 30.95  0.59  1.94%   
The current 90-days correlation between Voya Index Plus and Voya Midcap Opportunities is 0.31 (i.e., Weak diversification). The correlation of Voya Index 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 Index Correlation With Market

Very poor diversification

The correlation between Voya Index Plus and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Index Plus 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 Index Plus. 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 gross domestic product.

Moving together with Voya Mutual Fund

  0.61ILBPX Voya Limited MaturityPairCorr
  0.64ILMBX Voya Limited MaturityPairCorr
  0.62IMBAX Voya Limited MaturityPairCorr
  0.73IMOPX Voya Midcap OpportunitiesPairCorr
  0.65IMOWX Voya Midcap OpportunitiesPairCorr
  0.66IMOZX Voya Midcap OpportunitiesPairCorr
  0.77IMYCX Voya High YieldPairCorr
  0.97INGIX Voya Stock IndexPairCorr
  0.65INGBX Voya Global BondPairCorr
  0.84VPISX Voya Index SolutionPairCorr
  0.69INTIX Voya International IndexPairCorr
  0.83VPRAX Voya T RowePairCorr
  0.84VPSSX Voya Index SolutionPairCorr
  0.74VPRSX Voya Jpmorgan SmallPairCorr
  0.84VPSAX Voya Index SolutionPairCorr
  0.92IOGPX Vy Oppenheimer GlobalPairCorr
  0.65IOSAX Voya Global BondPairCorr
  0.67IOSIX Voya Global BondPairCorr
  0.64IOSSX Voya Global BondPairCorr
  0.63NAPIX Voya Multi ManagerPairCorr
  0.63NARCX Voya Multi ManagerPairCorr
  0.79IPARX Voya Global PerspectivesPairCorr
  0.69IPEAX Voya Large CapPairCorr
  0.72IPEIX Voya Large CapPairCorr
  0.71IPESX Voya Large CapPairCorr
  0.71IPETX Voya Large CapPairCorr
  0.77IPIMX Voya High YieldPairCorr
  0.79IPIRX Voya Global PerspectivesPairCorr
  0.76IPHYX Voya High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Index 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 Index'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  0.13 (0.01)(0.40)(0.15) 0.14 
(0.18)
 0.22 
(0.33)
 0.76 
ILBAX  0.14  0.00 (0.39)(0.07) 0.13 
(0.17)
 0.22 
(0.33)
 0.66 
ILBPX  0.06  0.00 (0.71)(0.31) 0.00 
(0.13)
 0.11 
(0.10)
 0.42 
ILMBX  0.06  0.00 (0.71)(0.15) 0.00 
(0.15)
 0.10 
(0.10)
 0.52 
ILUAX  0.13 (0.01)(0.40)(0.16) 0.14 
(0.17)
 0.22 
(0.33)
 0.66 
IMBAX  0.06  0.00 (0.71)(0.06) 0.00 
(0.14)
 0.11 
(0.11)
 0.43 
IMCVX  0.73  0.26  0.33  0.50  0.00 
(0.98)
 1.66 
(0.96)
 9.72 
IMOPX  0.92 (0.15) 0.00 (0.05) 0.00 
 0.00 
 1.52 
(2.04)
 3.95 
IMORX  1.31  0.29  0.23  0.49  0.83 
(1.73)
 1.73 
(2.10)
 27.67 
IMOWX  1.11  0.11  0.08  0.20  1.02 
(1.32)
 1.71 
(2.11)
 16.18 

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
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY