- Issuer
- Voya
- Inception Date
- Jan 4, 1994
- Category
- Small Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Russell 2000 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VYSAX Performance Chart
Voya MI Dynamic Small Cap Fund Class I (VYSAX) is up 15.9% since the beginning of the year. VYSAX is currently trading at $17 per share. Investors who bought $1,000 worth of VYSAX shares 5 years ago would now be looking at an investment worth $1,403.
Loading charts...
Returns By Period
Voya MI Dynamic Small Cap Fund Class I (VYSAX) has returned 15.89% so far this year and 31.30% over the past 12 months. Over the last ten years, VYSAX has returned 9.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Voya MI Dynamic Small Cap Fund Class I
- 1D
- 1.78%
- 1M
- 5.41%
- YTD
- 15.89%
- 6M
- 13.19%
- 1Y
- 31.30%
- 3Y*
- 15.12%
- 5Y*
- 7.00%
- 10Y*
- 9.11%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VYSAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1995, VYSAX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Feb 2000 with a return of +35.7%, while the worst month was Mar 2020 at -21.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VYSAX closed higher 52% of trading days. The best single day was Dec 30, 1996 with a return of +43.0%, while the worst single day was Dec 24, 1996 at -22.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.22% | -0.81% | -6.02% | 11.93% | 3.70% | 3.76% | 15.89% | ||||||
| 2025 | 4.34% | -5.53% | -4.27% | -3.24% | 4.09% | 3.28% | 1.11% | 6.70% | 0.58% | -0.57% | 2.69% | -0.34% | 8.38% |
| 2024 | -4.55% | 2.73% | 3.34% | -6.20% | 5.41% | -1.40% | 9.54% | 1.30% | 0.24% | -2.37% | 10.59% | -6.82% | 10.56% |
| 2023 | 10.75% | -2.13% | -4.06% | -2.79% | -1.16% | 7.93% | 6.55% | -4.10% | -5.56% | -6.79% | 9.87% | 10.67% | 17.97% |
| 2022 | -6.47% | 1.82% | -0.21% | -8.26% | 1.35% | -7.55% | 8.73% | -5.82% | -10.79% | 11.92% | 4.46% | -4.09% | -16.32% |
| 2021 | 1.37% | 7.73% | 1.47% | 3.48% | 0.57% | -1.18% | -1.30% | 1.16% | -3.34% | 3.62% | -4.27% | 4.50% | 14.00% |
Benchmark Metrics
Voya MI Dynamic Small Cap Fund Class I has an annualized alpha of 2.79%, beta of 0.98, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since January 03, 1995.
- This fund captured 107.78% of S&P 500 Index gains and 100.90% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.79% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.98 and R2 of 0.58, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.79%
- Beta
- 0.98
- R²
- 0.58
- Upside Capture
- 107.78%
- Downside Capture
- 100.90%
Expense Ratio
VYSAX has an expense ratio of 0.86%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VYSAX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Voya MI Dynamic Small Cap Fund Class I (VYSAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VYSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.78 | +0.03 |
| Martin ratioReturn relative to average drawdown | 9.79 | 12.44 | -2.65 |
Dividends
Dividend History
Voya MI Dynamic Small Cap Fund Class I provided a 10.52% dividend yield over the last twelve months, with an annual payout of $1.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.74 | $1.74 | $1.93 | $0.06 | $0.05 | $3.80 | $0.02 | $0.04 | $2.37 | $2.06 | $1.12 | $2.56 |
Dividend yield | 10.52% | 12.19% | 13.06% | 0.43% | 0.43% | 24.83% | 0.14% | 0.26% | 19.83% | 12.11% | 6.53% | 17.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Voya MI Dynamic Small Cap Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.74 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.93 | $1.93 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.80 | $3.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Voya MI Dynamic Small Cap Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Voya MI Dynamic Small Cap Fund Class I was 54.76%, occurring on Mar 9, 2009. Recovery took 449 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.76%Mar 2009 | 1y 5mo | 1y 9mo | 3y 2moOct 2007 - Dec 2010 |
Dot-com crash2000–2002 | -46.76%Oct 2002 | 2y 7mo | 2y 9mo | 5y 4moMar 2000 - Jul 2005 |
COVID crash2020 | -43.28%Mar 2020 | 1y 6mo | 7mo 28d | 2y 2moSep 2018 - Nov 2020 |
Bear market2022 | -38.82%Sep 2022 | 9mo 17d | 3y 2mo | 3y 12moDec 2021 - Dec 2025 |
1998 bear market1998 | -35.50%Oct 1998 | 5mo 18d | 1y 1mo | 1y 6moApr 1998 - Nov 1999 |
Drawdown Indicators
| VYSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -56.78% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -9.10% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -18.90% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.82% | -25.43% | -13.39% |
Max Drawdown (10Y)Largest decline over 10 years | -43.28% | -33.92% | -9.36% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -10.71% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.03% | +1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VYSAX
Add Voya MI Dynamic Small Cap Fund Class I to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VYSAX