Valic Company Correlations

VIOPX Fund

USD 15.04 0.21 1.42%

The current 90-days correlation between Valic Company I and Mid Cap Index is 0.52 (i.e., Very weak 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

Weak diversification

The correlation between Valic Company I and DJI is 0.36 (i.e., Weak 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

0.78	VCBDX	Valic Company I	Pair Corr
0.81	VCGEX	Emerging Economies	Pair Corr
0.79	VCGSX	Government Securities	Pair Corr
0.84	VCFVX	Foreign Value	Pair Corr
0.89	VCIEX	International Equities	Pair Corr
0.89	VCIFX	International Government	Pair Corr
0.87	VCTPX	Inflation Protected	Pair Corr
0.94	VCSOX	Global Social Awareness	Pair Corr
0.66	VGCLX	Valic Company I	Pair Corr
0.81	VGREX	Global Real Estate	Pair Corr
0.85	OSMYX	Oppenheimer Intl Small	Pair Corr
0.85	OSCIX	Oppenheimer Intl Small	Pair Corr
0.83	OSMNX	Oppenheimer Intl Small	Pair Corr
0.98	TIDDX	T Rowe Price	Pair Corr

Moving against Valic Mutual Fund

0.32

VCBCX

Blue Chip Growth

Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX
VMIDX		0.92	0.41	0.93	0.74	0.9	0.94	0.91	0.66	0.21	VMIDX
VMSGX	0.92		0.66	0.9	0.89	0.73	0.8	0.87	0.54	0.47	VMSGX
VAPPX	0.41	0.66		0.48	0.89	0.15	0.14	0.53	0.09	0.91	VAPPX
VSRDX	0.93	0.9	0.48		0.81	0.83	0.9	0.96	0.65	0.27	VSRDX
VSTIX	0.74	0.89	0.89	0.81		0.52	0.56	0.83	0.41	0.73	VSTIX
VSSVX	0.9	0.73	0.15	0.83	0.52		0.91	0.84	0.69	-0.02	VSSVX
VBCVX	0.94	0.8	0.14	0.9	0.56	0.91		0.83	0.65	-0.05	VBCVX
VCAAX	0.91	0.87	0.53	0.96	0.83	0.84	0.83		0.75	0.33	VCAAX
VCBDX	0.66	0.54	0.09	0.65	0.41	0.69	0.65	0.75		-0.01	VCBDX
VCBCX	0.21	0.47	0.91	0.27	0.73	-0.02	-0.05	0.33	-0.01		VCBCX
	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX

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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

VCAAX	+ 0.96	VSRDX
VBCVX	+ 0.94	VMIDX
VSRDX	+ 0.93	VMIDX
VMSGX	+ 0.92	VMIDX
VCAAX	+ 0.91	VMIDX
VCBCX	+ 0.91	VAPPX

High negative correlations

VCBCX	- 0.05	VBCVX
VCBCX	- 0.02	VSSVX
VCBCX	- 0.01	VCBDX

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
VMIDX	0.72	0.02	(0.02)	0.14	0.90	(0.77)	1.62	(1.13)	8.00
VMSGX	0.85	0.07	0.03	0.23	1.16	(0.85)	1.70	(1.70)	7.16
VAPPX	0.88	0.09	0.02	0.33	1.20	(0.90)	1.86	(2.13)	5.93
VSRDX	0.63	(0.01)	(0.07)	0.05	0.96	(0.61)	1.17	(1.56)	5.12
VSTIX	0.61	0.03	(0.03)	0.18	0.86	(0.60)	1.21	(1.46)	5.49
VSSVX	0.82	(0.02)	(0.06)	0.06	0.98	(0.88)	1.55	(1.16)	9.72
VBCVX	0.56	0.00	(0.08)	0.09	0.64	(0.68)	1.31	(0.91)	5.58
VCAAX	0.43	(0.01)	(0.11)	0.04	0.63	(0.45)	0.74	(1.20)	3.81
VCBDX	0.23	(0.02)	0.00	(0.13)	0.00	0.00	0.51	(0.61)	1.53
VCBCX	0.87	0.12	0.02	(1.44)	1.21	(0.92)	1.69	(2.18)	5.85

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