Voya Large-cap Correlations
| PLCIX Fund | USD 59.64 0.73 1.21% |
The current 90-days correlation between Voya Large Cap and Emerging Growth Fund is 0.62 (i.e., Poor diversification). The correlation of Voya Large-cap 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 Large-cap Correlation With Market
Weak diversification
The correlation between Voya Large Cap Growth and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Large Cap Growth and DJI in the same portfolio, assuming nothing else is changed.
Voya |
Moving together with Voya Mutual Fund
| 0.85 | IMOPX | Voya Midcap Opportunities | PairCorr |
| 0.64 | IMOWX | Voya Midcap Opportunities | PairCorr |
| 0.65 | IMOZX | Voya Midcap Opportunities | PairCorr |
| 0.84 | INGIX | Voya Stock Index | PairCorr |
| 0.75 | VPISX | Voya Index Solution Potential Growth | PairCorr |
| 0.69 | VPRAX | Voya T Rowe | PairCorr |
| 0.75 | VPSSX | Voya Index Solution | PairCorr |
| 0.62 | VPRSX | Voya Jpmorgan Small | PairCorr |
| 0.75 | VPSAX | Voya Index Solution | PairCorr |
| 0.85 | IOGPX | Vy Oppenheimer Global | PairCorr |
| 0.76 | IPARX | Voya Global Perspectives | PairCorr |
| 0.76 | IPIRX | Voya Global Perspectives | PairCorr |
Related Correlations Analysis
| 0.46 | 0.91 | 0.37 | 0.97 | WEMIX | ||
| 0.46 | 0.7 | 0.37 | 0.55 | MBFIX | ||
| 0.91 | 0.7 | 0.31 | 0.91 | TQMIX | ||
| 0.37 | 0.37 | 0.31 | 0.41 | HSIIX | ||
| 0.97 | 0.55 | 0.91 | 0.41 | VSOIX | ||
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Risk-Adjusted Indicators
There is a big difference between Voya Mutual Fund performing well and Voya Large-cap 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 Large-cap'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEMIX | 1.06 | (0.19) | 0.00 | (0.20) | 0.00 | 1.90 | 6.96 | |||
| MBFIX | 0.24 | 0.02 | 0.05 | 0.37 | 0.18 | 0.55 | 1.47 | |||
| TQMIX | 0.86 | (0.10) | 0.00 | (0.11) | 0.00 | 1.55 | 8.40 | |||
| HSIIX | 1.27 | (0.50) | 0.00 | (0.43) | 0.00 | 1.54 | 20.16 | |||
| VSOIX | 0.82 | (0.19) | 0.00 | (0.21) | 0.00 | 1.62 | 9.21 |