Voya Target Correlations

VTRCX Fund

USD 12.51 0.08 0.64%

The current 90-days correlation between Voya Target Retirement and Kinetics Global Fund is 0.14 (i.e., Average diversification). The correlation of Voya Target 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 Target Correlation With Market

Modest diversification

The correlation between Voya Target Retirement and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Target Retirement 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 Target Retirement. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Voya Mutual Fund

0.82	FAPTX	American Funds 2025	Pair Corr
0.9	PARJX	T Rowe Price	Pair Corr
0.7	BRUFX	Bruce Fund Bruce	Pair Corr
0.67	KF	Korea Closed	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.62	KO	Coca Cola	Pair Corr
0.7	VZ	Verizon Communications Aggressive Push	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.7	GE	GE Aerospace	Pair Corr
0.7	IBM	International Business	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.75	T	ATT Inc	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.68	WMT	Walmart	Pair Corr

Moving against Voya Mutual Fund

0.58

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	KGLCX	DHGCX	GLOIX	NGJCX	XAWFX	ANAZX	BXFIX
KGLCX		0.05	0.28	0.3	0.33	0.13	0.54	KGLCX
DHGCX	0.05		0.79	0.86	0.83	0.98	0.39	DHGCX
GLOIX	0.28	0.79		0.83	0.67	0.84	0.61	GLOIX
NGJCX	0.3	0.86	0.83		0.86	0.87	0.35	NGJCX
XAWFX	0.33	0.83	0.67	0.86		0.81	0.32	XAWFX
ANAZX	0.13	0.98	0.84	0.87	0.81		0.52	ANAZX
BXFIX	0.54	0.39	0.61	0.35	0.32	0.52		BXFIX
	KGLCX	DHGCX	GLOIX	NGJCX	XAWFX	ANAZX	BXFIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Target 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 Target'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
KGLCX	0.91	0.00	0.00	(0.07)	0.00	0.00	1.95	(2.88)	5.66
DHGCX	0.17	(0.01)	0.00	(0.26)	0.00	0.00	0.37	(0.42)	1.46
GLOIX	0.60	0.06	0.15	0.16	0.75	(0.69)	1.64	(1.12)	4.04
NGJCX	0.69	0.02	0.00	(0.05)	0.00	0.00	1.41	(1.42)	3.68
XAWFX	0.13	(0.01)	0.00	(0.29)	0.00	0.00	0.26	(0.44)	1.15
ANAZX	0.19	(0.01)	0.00	(0.27)	0.00	0.00	0.44	(0.44)	1.32
BXFIX	0.08	0.00	0.62	(0.30)	0.00	(0.24)	0.23	(0.12)	0.81

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC