Voya Index Correlations

Mutual Funds . USA . 
Fund . Voya Index Plus
IPSIX Fund  USD 25.02  0.71  2.92%   
The current 90-days correlation between Voya Index Plus and Versatile Bond Portfolio is 0.4 (i.e., Very 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

Almost no diversification

The correlation between Voya Index Plus and DJI is 0.96 (i.e., Almost no 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

  0.86ILBPX Voya Limited MaturityPairCorr
  0.68ILMBX Voya Limited MaturityPairCorr
  0.61IMBAX Voya Limited MaturityPairCorr
  0.92IMCVX Voya Multi ManagerPairCorr
  0.7IMORX Voya Midcap OpportunitiesPairCorr
  0.83IMOWX Voya Midcap OpportunitiesPairCorr
  0.84IMOZX Voya Midcap OpportunitiesPairCorr
  0.75IMYCX Voya High YieldPairCorr
  0.85INGIX Voya Stock IndexPairCorr
  0.8VPISX Voya Index SolutionPairCorr
  0.92INTIX Voya International IndexPairCorr
  0.81VPSSX Voya Index SolutionPairCorr
  0.99VPRSX Voya Jpmorgan SmallPairCorr
  0.92VPSAX Voya Index SolutionPairCorr
  0.85IOGPX Vy Oppenheimer GlobalPairCorr
  0.72IOSAX Voya Global BondPairCorr
  0.73NAPIX Voya Multi ManagerPairCorr
  0.91NARCX Voya Multi ManagerPairCorr
  0.9NAWCX Voya Global EquityPairCorr
  0.91NAWGX Voya Global EquityPairCorr
  0.91NAWIX Voya Global EquityPairCorr
  0.92IPARX Voya Global PerspectivesPairCorr
  0.62IPEAX Voya Large CapPairCorr
  0.69IPEIX Voya Large CapPairCorr
  0.66IPETX Voya Large CapPairCorr
  0.76IPIMX Voya High YieldPairCorr
  0.92IPIRX Voya Global PerspectivesPairCorr
  0.9IPHYX Voya High YieldPairCorr
  0.73IPLIX Voya Index PlusPairCorr

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.

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