Voya Solution Correlations

VSPTX Fund

USD 3.80 0.70 15.56%

The current 90-days correlation between Voya Solution 2060 and Voya Bond Index is -0.17 (i.e., Good diversification). The correlation of Voya Solution 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 Solution Correlation With Market

Good diversification

The correlation between Voya Solution 2060 and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Solution 2060 and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 estimate.

Moving against Voya Mutual Fund

0.73	IMYCX	Voya High Yield	Pair Corr
0.63	ILBPX	Voya Limited Maturity	Pair Corr
0.56	IMBAX	Voya Limited Maturity	Pair Corr
0.54	ILMBX	Voya Limited Maturity	Pair Corr
0.49	INGIX	Voya Stock Index	Pair Corr
0.48	VPISX	Voya Index Solution	Pair Corr
0.45	IMOPX	Voya Midcap Opportunities	Pair Corr
0.45	IMOWX	Voya Midcap Opportunities	Pair Corr
0.45	IMOZX	Voya Midcap Opportunities	Pair Corr
0.44	IMCVX	Voya Multi Manager	Pair Corr
0.44	IMORX	Voya Midcap Opportunities	Pair Corr
0.57	VPRAX	Voya T Rowe	Pair Corr
0.53	IPEIX	Voya Large Cap	Pair Corr
0.52	IPEAX	Voya Large Cap	Pair Corr
0.48	VPSAX	Voya Index Solution	Pair Corr
0.47	VPRDX	Voya Morgan Stanley	Pair Corr
0.47	IPARX	Voya Global Perspectives	Pair Corr
0.46	VPSSX	Voya Index Solution	Pair Corr
0.43	NAWIX	Voya Global Equity	Pair Corr
0.42	NAWGX	Voya Global Equity	Pair Corr
0.41	NAWCX	Voya Global Equity	Pair Corr
0.32	VPRSX	Voya Jpmorgan Small	Pair Corr
0.75	IPIMX	Voya High Yield	Pair Corr
0.75	IPHYX	Voya High Yield	Pair Corr
0.74	IPYAX	Voya High Yield	Pair Corr
0.53	IPETX	Voya Large Cap	Pair Corr
0.52	IPESX	Voya Large Cap	Pair Corr
0.48	IPIRX	Voya Global Perspectives	Pair Corr

Related Correlations Analysis

	ILABX	ILBAX	ILBPX	ILMBX	ILUAX	IMBAX	IMCDX	IMCVX	IMOPX	IMORX
ILABX		1.0	0.43	0.56	1.0	0.55	0.0	-0.54	-0.78	-0.78	ILABX
ILBAX	1.0		0.44	0.57	1.0	0.55	0.0	-0.54	-0.77	-0.77	ILBAX
ILBPX	0.43	0.44		0.98	0.42	0.98	0.0	0.17	0.0	0.0	ILBPX
ILMBX	0.56	0.57	0.98		0.55	0.98	0.0	0.05	-0.13	-0.13	ILMBX
ILUAX	1.0	1.0	0.42	0.55		0.53	0.0	-0.55	-0.78	-0.78	ILUAX
IMBAX	0.55	0.55	0.98	0.98	0.53		0.0	0.07	-0.13	-0.14	IMBAX
IMCDX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IMCDX
IMCVX	-0.54	-0.54	0.17	0.05	-0.55	0.07	0.0		0.87	0.87	IMCVX
IMOPX	-0.78	-0.77	0.0	-0.13	-0.78	-0.13	0.0	0.87		1.0	IMOPX
IMORX	-0.78	-0.77	0.0	-0.13	-0.78	-0.14	0.0	0.87	1.0		IMORX
	ILABX	ILBAX	ILBPX	ILMBX	ILUAX	IMBAX	IMCDX	IMCVX	IMOPX	IMORX

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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

ILBAX	+ 1.0	ILABX
ILUAX	+ 1.0	ILABX
ILUAX	+ 1.0	ILBAX
IMORX	+ 1.0	IMOPX
ILMBX	+ 0.98	ILBPX
IMBAX	+ 0.98	ILBPX

High negative correlations

IMORX	- 0.78	ILUAX
IMOPX	- 0.78	ILUAX
IMORX	- 0.78	ILABX
IMOPX	- 0.78	ILABX
IMORX	- 0.77	ILBAX
IMOPX	- 0.77	ILBAX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Solution 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 Solution'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
ILABX	0.22	(0.03)	0.00	0.46	0.00	0.00	0.44	(0.66)	1.54
ILBAX	0.22	(0.03)	0.00	0.36	0.00	0.00	0.44	(0.55)	1.54
ILBPX	0.10	0.00	(0.84)	0.01	0.02	(0.16)	0.21	(0.11)	0.95
ILMBX	0.09	0.00	(0.85)	0.05	0.04	(0.17)	0.21	(0.11)	0.94
ILUAX	0.22	(0.03)	0.00	0.43	0.00	0.00	0.43	(0.55)	1.54
IMBAX	0.08	0.00	(0.81)	0.08	0.05	(0.15)	0.22	(0.11)	0.86
IMCDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMCVX	0.58	(0.01)	(0.05)	0.11	0.52	(0.69)	1.33	(0.99)	3.59
IMOPX	0.77	0.13	0.13	0.24	0.70	(0.94)	1.86	(1.33)	4.41
IMORX	0.77	0.13	0.14	0.24	0.66	(0.93)	1.95	(1.34)	4.38

Voya Solution Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Voya Solution mutual fund to make a market-neutral strategy. Peer analysis of Voya Solution could also be used in its relative valuation, which is a method of valuing Voya Solution by comparing valuation metrics with similar companies.

Voya Bond Index Voya Bond Index Voya Limited Maturity Voya Limited Maturity Voya Bond Index Voya Limited Maturity Voya Emerging Markets Voya Multi Manager Mid Voya Midcap Opportunities Voya Midcap Opportunities American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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