Valic Company Correlations

VGCLX Fund

USD 11.78 0.05 0.43%

The current 90-days correlation between Valic Company I and Valic Company I is 0.66 (i.e., Poor diversification). The correlation of Valic Company 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.

Valic Company Correlation With Market

Poor diversification

The correlation between Valic Company I and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I 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 Valic Company I. 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 bureau of economic analysis.

Moving together with Valic Mutual Fund

0.76	VGLSX	Global Strategy	Pair Corr
0.72	VHYLX	Valic Company I	Pair Corr
0.62	VLAGX	Valic Company I	Pair Corr
0.81	VLSMX	Valic Company I	Pair Corr
0.96	VWINX	Vanguard Wellesley Income	Pair Corr
0.96	VWIAX	Vanguard Wellesley Income	Pair Corr
0.86	BKMIX	Blackrock Multi Asset	Pair Corr
0.89	HBLTX	Hartford Balanced	Pair Corr
0.91	HBLRX	Hartford Balanced	Pair Corr
0.9	HBLSX	Hartford Balanced	Pair Corr
0.89	HBLVX	Hartford Balanced	Pair Corr
0.89	HBLYX	Hartford Balanced	Pair Corr
0.92	HBLCX	Hartford Balanced	Pair Corr
0.89	HBLIX	Hartford Balanced	Pair Corr

Related Correlations Analysis

	VVMCX	VVSGX	VHYLX	VIOPX	VAPPX	VSRDX	VCBDX	VLAGX
VVMCX		0.94	0.74	-0.59	0.95	0.95	-0.65	0.92	VVMCX
VVSGX	0.94		0.66	-0.48	0.83	0.84	-0.46	0.85	VVSGX
VHYLX	0.74	0.66		-0.13	0.71	0.76	-0.18	0.84	VHYLX
VIOPX	-0.59	-0.48	-0.13		-0.62	-0.52	0.82	-0.28	VIOPX
VAPPX	0.95	0.83	0.71	-0.62		0.98	-0.75	0.91	VAPPX
VSRDX	0.95	0.84	0.76	-0.52	0.98		-0.67	0.95	VSRDX
VCBDX	-0.65	-0.46	-0.18	0.82	-0.75	-0.67		-0.47	VCBDX
VLAGX	0.92	0.85	0.84	-0.28	0.91	0.95	-0.47		VLAGX
	VVMCX	VVSGX	VHYLX	VIOPX	VAPPX	VSRDX	VCBDX	VLAGX

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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

VSRDX	+ 0.98	VAPPX
VAPPX	+ 0.95	VVMCX
VSRDX	+ 0.95	VVMCX
VLAGX	+ 0.95	VSRDX
VVSGX	+ 0.94	VVMCX
VLAGX	+ 0.92	VVMCX

High negative correlations

VCBDX	- 0.75	VAPPX
VCBDX	- 0.67	VSRDX
VCBDX	- 0.65	VVMCX
VAPPX	- 0.62	VIOPX
VIOPX	- 0.59	VVMCX
VSRDX	- 0.52	VIOPX

Risk-Adjusted Indicators

There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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
VVMCX	0.66	(0.01)	0.00	0.12	0.62	(0.78)	1.43	(1.18)	5.56
VVSGX	0.86	(0.05)	0.00	0.09	0.97	(0.97)	1.91	(1.54)	6.17
VHYLX	0.12	0.01	(0.53)	0.22	0.00	(0.19)	0.28	(0.14)	0.83
VIOPX	0.65	(0.14)	0.00	(0.15)	0.00	0.00	1.06	(1.32)	3.64
VAPPX	0.73	0.02	0.01	0.15	1.12	(0.71)	1.50	(2.13)	4.99
VSRDX	0.57	(0.01)	(0.04)	0.11	0.66	(0.61)	1.12	(1.39)	3.62
VCBDX	0.25	(0.01)	0.00	0.33	0.00	0.00	0.41	(0.61)	1.42
VLAGX	0.45	(0.03)	(0.11)	0.08	0.54	(0.48)	0.83	(0.97)	2.78

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