Valic Company Correlations

VAPPX Fund

USD 21.85 0.07 0.32%

The current 90-days correlation between Valic Company I and Pace High Yield is 0.09 (i.e., Significant diversification). The correlation of Valic Company 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.

Valic Company Correlation With Market

Modest diversification

The correlation between Valic Company I and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valic Company I. 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 american community survey.

Moving together with Valic Mutual Fund

0.66	VMSGX	Mid Cap Strategic	Pair Corr
0.89	VSTIX	Stock Index Fund	Pair Corr
0.85	VCGAX	Growth Income	Pair Corr
0.98	VCNIX	Nasdaq 100 Index	Pair Corr
0.98	VCSTX	Science Technology	Pair Corr
0.99	VCULX	Growth Fund Growth	Pair Corr
0.74	VLCGX	Large Capital Growth	Pair Corr
0.95	AGTHX	Growth Fund	Pair Corr

Moving against Valic Mutual Fund

0.64	KF	Korea Closed	Pair Corr
0.39	BRUFX	Bruce Fund Bruce	Pair Corr

Related Correlations Analysis

	PHDTX	TRRJX	XHIEX	SGYAX	NEAIX	FYAIX
PHDTX		0.42	0.66	0.82	0.81	0.7	PHDTX
TRRJX	0.42		0.18	0.24	0.58	0.75	TRRJX
XHIEX	0.66	0.18		0.5	0.65	0.46	XHIEX
SGYAX	0.82	0.24	0.5		0.71	0.74	SGYAX
NEAIX	0.81	0.58	0.65	0.71		0.78	NEAIX
FYAIX	0.7	0.75	0.46	0.74	0.78		FYAIX
	PHDTX	TRRJX	XHIEX	SGYAX	NEAIX	FYAIX

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Risk-Adjusted Indicators

There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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
PHDTX	0.12	0.01	(0.30)	0.31	0.09	(0.14)	0.22	(0.22)	1.01
TRRJX	0.40	(0.01)	(0.10)	0.06	0.60	(0.41)	0.95	(0.88)	3.33
XHIEX	0.13	0.01	(0.18)	0.21	0.08	(0.38)	0.32	(0.32)	2.41
SGYAX	0.15	0.02	(0.33)	0.75	0.00	(0.26)	0.56	(0.28)	1.27
NEAIX	1.16	0.05	0.01	0.19	1.43	(1.20)	2.28	(2.27)	9.37
FYAIX	0.19	0.00	(0.26)	0.12	0.24	(0.21)	0.30	(0.37)	1.44

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