Vy(r) T Correlations

ITGIX Fund

USD 100.03 1.03 1.04%

The current 90-days correlation between Vy T Rowe and Emerging Markets Fund is -0.03 (i.e., Good diversification). The correlation of Vy(r) T 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) T Correlation With Market

Modest diversification

The correlation between Vy T Rowe and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy T Rowe 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 T Rowe. 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 Vy(r) Mutual Fund

0.62	IMOPX	Voya Midcap Opportunities	Pair Corr
0.9	INGIX	Voya Stock Index	Pair Corr
0.75	VPRAX	Voya T Rowe	Pair Corr
0.63	IPLIX	Voya Index Plus	Pair Corr
0.92	IPLSX	Voya Index Plus	Pair Corr
0.98	VRLCX	Voya Large Cap	Pair Corr
0.72	IPYAX	Voya High Yield	Pair Corr

Moving against Vy(r) Mutual Fund

0.32	IOSSX	Voya Global Bond	Pair Corr
0.31	IOSAX	Voya Global Bond	Pair Corr
0.31	NAPIX	Voya Multi Manager	Pair Corr

Related Correlations Analysis

	UIEMX	UIIFX	UISCX	UIITX
UIEMX		0.84	0.31	0.4	UIEMX
UIIFX	0.84		0.7	0.72	UIIFX
UISCX	0.31	0.7		0.7	UISCX
UIITX	0.4	0.72	0.7		UIITX
	UIEMX	UIIFX	UISCX	UIITX

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Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) T 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) T'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
UIEMX	0.57	(0.09)	(0.35)	1.02	(1.59)	3.13
UIIFX	0.53	(0.09)	(0.34)	1.11	(1.53)	3.38
UISCX	0.95	(0.07)	(0.04)	1.70	(1.67)	10.60
UIITX	0.23	(0.02)	(0.87)	0.55	(0.55)	1.54

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