Vy Invesco Correlations
| IVGIX Fund | USD 23.42 0.22 0.95% |
The current 90-days correlation between Vy Invesco Growth and Fidelity Real Estate is 0.43 (i.e., Very weak diversification). The correlation of Vy Invesco 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 Invesco Correlation With Market
Very weak diversification
The correlation between Vy Invesco Growth and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Invesco Growth and DJI in the same portfolio, assuming nothing else is changed.
IVGIX |
Moving together with IVGIX Mutual Fund
| 0.74 | IMOPX | Voya Midcap Opportunities | PairCorr |
| 0.72 | IMORX | Voya Midcap Opportunities | PairCorr |
| 0.81 | IMOWX | Voya Midcap Opportunities | PairCorr |
| 0.82 | IMOZX | Voya Midcap Opportunities | PairCorr |
| 0.72 | INGIX | Voya Stock Index | PairCorr |
| 0.81 | VPISX | Voya Index Solution | PairCorr |
| 0.7 | VPRDX | Voya Morgan Stanley | PairCorr |
| 0.8 | VPRAX | Voya T Rowe | PairCorr |
| 0.82 | VPSSX | Voya Index Solution | PairCorr |
| 0.9 | VPRSX | Voya Jpmorgan Small | PairCorr |
| 0.81 | VPSAX | Voya Index Solution | PairCorr |
| 0.74 | IOGPX | Vy Oppenheimer Global | PairCorr |
| 0.92 | NAWCX | Voya Global Equity | PairCorr |
| 0.93 | NAWGX | Voya Global Equity | PairCorr |
| 0.93 | NAWIX | Voya Global Equity | PairCorr |
| 0.82 | IPARX | Voya Global Perspectives | PairCorr |
| 0.97 | IPEAX | Voya Large Cap | PairCorr |
| 0.97 | IPEIX | Voya Large Cap | PairCorr |
| 0.97 | IPESX | Voya Large Cap | PairCorr |
| 0.97 | IPETX | Voya Large Cap | PairCorr |
| 0.83 | IPIRX | Voya Global Perspectives | PairCorr |
Related Correlations Analysis
| 0.9 | 0.91 | 0.91 | 0.91 | -0.91 | FIKMX | ||
| 0.9 | 1.0 | 0.98 | 1.0 | -1.0 | REPIX | ||
| 0.91 | 1.0 | 0.99 | 1.0 | -0.99 | MRESX | ||
| 0.91 | 0.98 | 0.99 | 0.98 | -0.98 | PJEAX | ||
| 0.91 | 1.0 | 1.0 | 0.98 | -1.0 | NBRFX | ||
| -0.91 | -1.0 | -0.99 | -0.98 | -1.0 | SRPIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between IVGIX Mutual Fund performing well and Vy Invesco 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 Invesco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIKMX | 0.26 | (0.03) | 0.00 | (0.11) | 0.00 | 0.59 | 1.59 | |||
| REPIX | 1.41 | (0.22) | 0.00 | (0.20) | 0.00 | 2.49 | 8.45 | |||
| MRESX | 0.88 | (0.14) | 0.00 | (0.22) | 0.00 | 1.43 | 5.43 | |||
| PJEAX | 0.86 | (0.10) | 0.00 | (0.13) | 0.00 | 1.57 | 5.60 | |||
| NBRFX | 0.92 | (0.14) | 0.00 | (0.22) | 0.00 | 1.51 | 5.48 | |||
| SRPIX | 0.93 | 0.14 | 0.01 | (0.19) | 0.91 | 1.79 | 6.06 |