Voya Solution Correlations

VSQUX Fund

USD 11.72 0.09 0.77%

The current 90-days correlation between Voya Solution 2065 and Fm Investments Large is 0.18 (i.e., Average 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

Weak diversification

The correlation between Voya Solution 2065 and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Solution 2065 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 Solution 2065. 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 employment.

Moving together with Voya Mutual Fund

0.73	ILABX	Voya Bond Index	Pair Corr
0.72	ILBAX	Voya Bond Index	Pair Corr
0.73	ILUAX	Voya Bond Index	Pair Corr
0.71	IMCVX	Voya Multi Manager	Pair Corr
0.75	IMORX	Voya Midcap Opportunities	Pair Corr
0.73	IMOWX	Voya Midcap Opportunities	Pair Corr
0.73	IMOZX	Voya Midcap Opportunities	Pair Corr
0.73	INGBX	Voya Global Bond	Pair Corr
0.68	VPRSX	Voya Jpmorgan Small	Pair Corr
0.76	IOSAX	Voya Global Bond	Pair Corr
0.74	IOSIX	Voya Global Bond	Pair Corr
0.74	IOSSX	Voya Global Bond	Pair Corr
0.63	NAWCX	Voya Global Equity	Pair Corr
0.62	NAWGX	Voya Global Equity	Pair Corr
0.61	NAWIX	Voya Global Equity	Pair Corr
0.73	IPARX	Voya Global Perspectives	Pair Corr
0.64	IPIIX	Ing Intermediate Bond	Pair Corr
0.64	IPISX	Voya Intermediate Bond	Pair Corr
0.72	IPIRX	Voya Global Perspectives	Pair Corr

Moving against Voya Mutual Fund

0.5	ILMBX	Voya Limited Maturity	Pair Corr
0.48	ILBPX	Voya Limited Maturity	Pair Corr
0.44	IMBAX	Voya Limited Maturity	Pair Corr

Related Correlations Analysis

	IAFLX	BPGSX	TADGX	ANAGX	MSTGX	XAWFX	SMYIX
IAFLX		0.12	0.07	0.54	0.26	0.48	0.37	IAFLX
BPGSX	0.12		0.79	0.57	0.91	0.81	0.8	BPGSX
TADGX	0.07	0.79		0.43	0.73	0.66	0.75	TADGX
ANAGX	0.54	0.57	0.43		0.71	0.84	0.69	ANAGX
MSTGX	0.26	0.91	0.73	0.71		0.87	0.86	MSTGX
XAWFX	0.48	0.81	0.66	0.84	0.87		0.79	XAWFX
SMYIX	0.37	0.8	0.75	0.69	0.86	0.79		SMYIX
	IAFLX	BPGSX	TADGX	ANAGX	MSTGX	XAWFX	SMYIX

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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
IAFLX	1.08	0.01	(0.03)	0.86	2.01	(1.02)	2.13	(2.29)	10.11
BPGSX	0.52	0.02	(0.08)	0.33	0.67	(0.54)	1.03	(0.95)	3.31
TADGX	0.54	(0.06)	0.00	(0.06)	0.00	0.00	0.97	(1.18)	5.71
ANAGX	0.17	(0.01)	(0.41)	(0.63)	0.16	(0.27)	0.44	(0.29)	1.16
MSTGX	0.25	0.01	(0.19)	0.16	0.30	(0.32)	0.55	(0.33)	1.83
XAWFX	0.12	0.00	(0.30)	(0.21)	0.17	(0.14)	0.18	(0.44)	0.88
SMYIX	0.65	(0.01)	(0.04)	0.08	1.06	(0.61)	1.48	(1.35)	4.86

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