Voya Large Correlations

VRLCX Fund

USD 18.76 0.23 1.24%

The current 90-days correlation between Voya Large Cap and Specialized Technology Fund is 0.08 (i.e., Significant diversification). The correlation of Voya Large 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 Correlation With Market

Very weak diversification

The correlation between Voya Large Cap and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Large Cap 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 Voya Large Cap. 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

0.64	ILBPX	Voya Limited Maturity	Pair Corr
0.64	ILMBX	Voya Limited Maturity	Pair Corr
0.66	IMBAX	Voya Limited Maturity	Pair Corr
0.76	IMOPX	Voya Midcap Opportunities	Pair Corr
0.67	IMYCX	Voya High Yield	Pair Corr
0.85	INGIX	Voya Stock Index	Pair Corr
0.7	VPRAX	Voya T Rowe	Pair Corr
0.74	IOGPX	Vy Oppenheimer Global	Pair Corr
0.65	IPIMX	Voya High Yield	Pair Corr

Moving against Voya Mutual Fund

0.4

IMCVX

Voya Multi Manager

Pair Corr

Related Correlations Analysis

	WFSTX	PGKAX	RAGTX	HTECX	VITAX	ROGSX
WFSTX		0.43	-0.11	0.7	0.0	0.43	WFSTX
PGKAX	0.43		0.77	0.81	0.82	0.76	PGKAX
RAGTX	-0.11	0.77		0.49	0.97	0.49	RAGTX
HTECX	0.7	0.81	0.49		0.59	0.65	HTECX
VITAX	0.0	0.82	0.97	0.59		0.59	VITAX
ROGSX	0.43	0.76	0.49	0.65	0.59		ROGSX
	WFSTX	PGKAX	RAGTX	HTECX	VITAX	ROGSX

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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

VITAX	+ 0.97	RAGTX
VITAX	+ 0.82	PGKAX
HTECX	+ 0.81	PGKAX
RAGTX	+ 0.77	PGKAX
ROGSX	+ 0.76	PGKAX
HTECX	+ 0.7	WFSTX

High negative correlations

RAGTX	- 0.11	WFSTX
VITAX	- 0.0	WFSTX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Large 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'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
WFSTX	0.93	(0.12)	0.00	(0.27)	0.00	0.00	1.46	(2.14)	10.00
PGKAX	1.11	0.00	0.00	0.03	1.58	(1.01)	2.19	(2.65)	6.31
RAGTX	1.09	0.09	0.05	0.30	1.48	(1.05)	2.20	(2.43)	7.50
HTECX	1.02	(0.01)	(0.01)	0.00	1.56	(0.92)	1.67	(2.15)	9.04
VITAX	0.97	0.04	0.02	0.12	1.34	(0.92)	1.98	(2.19)	6.47
ROGSX	0.95	(0.05)	0.00	(0.12)	0.00	0.00	1.70	(2.51)	8.31

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