Voya Vacs Correlations

VVIFX Fund

10.63 0.12 1.12%

The current 90-days correlation between Voya Vacs Series and Vanguard Emerging Markets is 0.11 (i.e., Average diversification). The correlation of Voya Vacs 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 Vacs Correlation With Market

Average diversification

The correlation between Voya Vacs Series and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Vacs Series 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 Vacs Series. 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 census.

Moving together with Voya Mutual Fund

0.61	ILABX	Voya Bond Index	Pair Corr
0.69	ILUAX	Voya Bond Index	Pair Corr
0.68	IMCVX	Voya Multi Manager	Pair Corr
0.71	IMORX	Voya Midcap Opportunities	Pair Corr
0.62	IMOZX	Voya Midcap Opportunities	Pair Corr
0.64	INGBX	Voya Global Bond	Pair Corr
0.63	INTIX	Voya International Index	Pair Corr
0.62	VPRSX	Voya Jpmorgan Small	Pair Corr
0.7	IOSAX	Voya Global Bond	Pair Corr
0.69	IOSIX	Voya Global Bond	Pair Corr
0.69	IOSSX	Voya Global Bond	Pair Corr
0.68	NAPIX	Voya Multi Manager	Pair Corr
0.71	NARCX	Voya Multi Manager	Pair Corr
0.68	NAWCX	Voya Global Equity	Pair Corr
0.62	IPARX	Voya Global Perspectives	Pair Corr

Moving against Voya Mutual Fund

0.63	ILMBX	Voya Limited Maturity	Pair Corr
0.6	IMBAX	Voya Limited Maturity	Pair Corr
0.58	VRLCX	Voya Large Cap	Pair Corr

Related Correlations Analysis

	VEMAX	VEIEX	VEMIX	VEMRX	FWWNX	FNFWX	NEWFX	NWFFX	NEWCX	ODVYX
VEMAX		0.89	1.0	1.0	0.88	0.88	0.88	0.82	0.88	0.96	VEMAX
VEIEX	0.89		0.89	0.89	0.8	0.8	0.79	0.88	0.8	0.86	VEIEX
VEMIX	1.0	0.89		1.0	0.88	0.88	0.88	0.82	0.88	0.96	VEMIX
VEMRX	1.0	0.89	1.0		0.88	0.88	0.88	0.82	0.88	0.96	VEMRX
FWWNX	0.88	0.8	0.88	0.88		1.0	1.0	0.93	1.0	0.89	FWWNX
FNFWX	0.88	0.8	0.88	0.88	1.0		1.0	0.93	1.0	0.89	FNFWX
NEWFX	0.88	0.79	0.88	0.88	1.0	1.0		0.93	1.0	0.89	NEWFX
NWFFX	0.82	0.88	0.82	0.82	0.93	0.93	0.93		0.93	0.83	NWFFX
NEWCX	0.88	0.8	0.88	0.88	1.0	1.0	1.0	0.93		0.89	NEWCX
ODVYX	0.96	0.86	0.96	0.96	0.89	0.89	0.89	0.83	0.89		ODVYX
	VEMAX	VEIEX	VEMIX	VEMRX	FWWNX	FNFWX	NEWFX	NWFFX	NEWCX	ODVYX

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Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Vacs 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 Vacs' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VEMAX	0.61	(0.08)	(0.15)	1.27	(1.62)	3.43
VEIEX	0.60	(0.07)	(0.25)	1.30	(1.63)	3.47
VEMIX	0.61	(0.08)	(0.15)	1.30	(1.63)	3.41
VEMRX	0.61	(0.08)	(0.15)	1.29	(1.62)	3.46
FWWNX	0.60	(0.08)	(0.29)	0.89	(1.31)	3.97
FNFWX	0.60	(0.08)	(0.29)	0.90	(1.32)	3.96
NEWFX	0.59	(0.06)	(0.59)	0.90	(1.64)	3.96
NWFFX	0.59	(0.09)	(0.21)	0.88	(1.31)	3.97
NEWCX	0.60	(0.09)	(0.31)	0.90	(1.31)	4.09
ODVYX	0.66	(0.10)	(0.21)	1.39	(1.75)	3.59

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