Vy(r) Clarion Correlations

IVRSX Fund

USD 28.70 0.37 1.31%

The current 90-days correlation between Vy Clarion Real and Touchstone Large Cap is 0.49 (i.e., Very weak diversification). The correlation of Vy(r) Clarion 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) Clarion Correlation With Market

Weak diversification

The correlation between Vy Clarion Real and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Clarion Real 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 Clarion Real. 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 state.

Moving together with Vy(r) Mutual Fund

0.78	O	Realty Income	Pair Corr
0.75	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.81	HR	Healthcare Realty Trust	Pair Corr
0.89	KW	Kennedy Wilson Holdings	Pair Corr
0.78	UE	Urban Edge Properties	Pair Corr
0.85	WY	Weyerhaeuser	Pair Corr
0.86	ADC-PA	Agree Realty	Pair Corr
0.84	DOUG	Douglas Elliman	Pair Corr
0.96	VICI	VICI Properties	Pair Corr
0.81	ELME	Elme Communities	Pair Corr
0.85	EPRT	Essential Properties	Pair Corr
0.7	WELL	Welltower	Pair Corr
0.79	ESBA	Empire State Realty	Pair Corr
0.84	ESRT	Empire State Realty	Pair Corr
0.63	WHLR	Wheeler Real Estate	Pair Corr
0.81	EXPI	eXp World Holdings	Pair Corr

Moving against Vy(r) Mutual Fund

0.6	MITT-PC	AG Mortgage Investment	Pair Corr
0.43	DX	Dynex Capital	Pair Corr
0.53	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	TFCCX	LMISX	TRCPX	MKFOX	CMIFX	VAAGX	TALCX	FCLKX
TFCCX		0.72	0.95	-0.06	-0.44	0.94	0.94	0.57	TFCCX
LMISX	0.72		0.62	0.49	0.13	0.72	0.74	0.85	LMISX
TRCPX	0.95	0.62		-0.16	-0.43	0.89	0.96	0.59	TRCPX
MKFOX	-0.06	0.49	-0.16		0.67	-0.01	0.0	0.54	MKFOX
CMIFX	-0.44	0.13	-0.43	0.67		-0.4	-0.31	0.36	CMIFX
VAAGX	0.94	0.72	0.89	-0.01	-0.4		0.91	0.55	VAAGX
TALCX	0.94	0.74	0.96	0.0	-0.31	0.91		0.71	TALCX
FCLKX	0.57	0.85	0.59	0.54	0.36	0.55	0.71		FCLKX
	TFCCX	LMISX	TRCPX	MKFOX	CMIFX	VAAGX	TALCX	FCLKX

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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

TALCX	+ 0.96	TRCPX
TRCPX	+ 0.95	TFCCX
VAAGX	+ 0.94	TFCCX
TALCX	+ 0.94	TFCCX
TALCX	+ 0.91	VAAGX
VAAGX	+ 0.89	TRCPX

High negative correlations

CMIFX	- 0.44	TFCCX
CMIFX	- 0.43	TRCPX
VAAGX	- 0.4	CMIFX
TALCX	- 0.31	CMIFX
MKFOX	- 0.16	TRCPX
MKFOX	- 0.06	TFCCX

Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Clarion 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) Clarion'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
TFCCX	0.55	(0.02)	(0.10)	0.03	0.74	(0.63)	1.11	(0.99)	5.58
LMISX	0.74	0.00	(0.03)	0.09	1.19	(0.71)	1.27	(1.60)	6.30
TRCPX	0.59	(0.04)	(0.11)	(0.01)	0.79	(0.64)	1.14	(0.99)	5.66
MKFOX	0.97	0.09	0.00	(1.31)	1.42	(0.98)	1.83	(2.49)	6.74
CMIFX	0.07	0.00	(0.40)	0.06	0.06	(0.11)	0.10	(0.10)	0.41
VAAGX	0.62	(0.04)	0.00	(0.39)	0.00	0.00	1.14	(1.22)	5.45
TALCX	0.55	(0.02)	(0.10)	0.04	0.67	(0.61)	1.21	(1.03)	5.31
FCLKX	0.58	0.03	(0.03)	0.16	0.74	(0.63)	1.16	(1.21)	5.36

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