Voya Global Correlations

NAWCX Fund

USD 43.71 0.41 0.95%

The current 90-days correlation between Voya Global Equity and Limited Term Tax is 0.13 (i.e., Average diversification). The correlation of Voya Global 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 Global Correlation With Market

Good diversification

The correlation between Voya Global Equity and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Global Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Voya Global Equity. 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 main economic indicators.

Moving together with Voya Mutual Fund

0.69	VTSMX	Vanguard Total Stock	Pair Corr
0.63	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	DIS	Walt Disney Aggressive Push	Pair Corr
0.65	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.67	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Voya Mutual Fund

0.32	PG	Procter Gamble	Pair Corr
0.31	PFHCX	Pacific Funds Small	Pair Corr
0.63	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.52	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.52	KO	Coca Cola Aggressive Push	Pair Corr
0.42	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	LTEBX	MFIRX	BXDCX	MBSAX	MGGYX	BBINX	PBBIX
LTEBX		0.74	0.47	0.81	0.71	0.91	0.29	LTEBX
MFIRX	0.74		0.79	0.84	0.81	0.66	0.53	MFIRX
BXDCX	0.47	0.79		0.5	0.52	0.34	0.88	BXDCX
MBSAX	0.81	0.84	0.5		0.75	0.81	0.33	MBSAX
MGGYX	0.71	0.81	0.52	0.75		0.74	0.27	MGGYX
BBINX	0.91	0.66	0.34	0.81	0.74		0.2	BBINX
PBBIX	0.29	0.53	0.88	0.33	0.27	0.2		PBBIX
	LTEBX	MFIRX	BXDCX	MBSAX	MGGYX	BBINX	PBBIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Global 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 Global'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
LTEBX	0.09	(0.01)	(0.43)	(0.24)	0.12	(0.13)	0.20	(0.19)	0.78
MFIRX	0.09	0.00	(0.42)	0.20	0.00	(0.23)	0.19	(0.19)	0.76
BXDCX	0.10	0.01	(0.66)	(9.64)	0.00	(0.15)	0.22	(0.11)	0.65
MBSAX	0.22	0.00	(0.29)	0.09	0.23	(0.24)	0.37	(0.44)	1.48
MGGYX	0.20	(0.01)	(0.39)	(0.11)	0.22	(0.22)	0.34	(0.45)	0.91
BBINX	0.11	0.00	(0.37)	0.10	0.16	(0.18)	0.29	(0.29)	1.07
PBBIX	0.12	0.02	(0.50)	(0.39)	0.00	(0.20)	0.29	(0.20)	0.98

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