ATLAX vs. IJPIX

Last updated Jun 23, 2026

ATLAX (Atlas U.S. Tactical Income Fund) and IJPIX (VY JPMorgan Emerging Markets Equity Portfolio) are both mutual funds - ATLAX is a Diversified Portfolio fund managed by Voya, while IJPIX is a Emerging Markets Diversified fund managed by Voya. Over the past 10 years, ATLAX returned -0.19%/yr vs 11.46%/yr for IJPIX. At a 0.45 correlation, their price movements are largely independent. ATLAX charges 1.18%/yr vs 1.51%/yr for IJPIX.

Performance

ATLAX vs. IJPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Atlas U.S. Tactical Income Fund (ATLAX) and VY JPMorgan Emerging Markets Equity Portfolio (IJPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATLAX achieves a 0.42% return, which is significantly lower than IJPIX's 34.27% return. Over the past 10 years, ATLAX has underperformed IJPIX with an annualized return of -0.19%, while IJPIX has yielded a comparatively higher 11.46% annualized return.

ATLAX

• 1D: 0.00%
• 1M: 1.13%
• YTD: 0.42%
• 6M: 0.60%
• 1Y: 9.83%
• 3Y*: 8.17%
• 5Y*: -0.40%
• 10Y*: -0.19%

IJPIX

• 1D: 3.49%
• 1M: 7.16%
• YTD: 34.27%
• 6M: 36.71%
• 1Y: 64.09%
• 3Y*: 23.25%
• 5Y*: 5.90%
• 10Y*: 11.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATLAX vs. IJPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATLAX Atlas U.S. Tactical Income Fund	0.42%	13.62%	4.51%	9.92%	-23.76%	-1.25%	1.46%	4.27%	-8.13%	2.39%
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	34.27%	38.95%	1.91%	6.58%	-26.16%	-10.00%	33.28%	31.72%	-16.76%	43.11%

Correlation

The correlation between ATLAX and IJPIX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015	0.45

The correlation between ATLAX and IJPIX shifts across timeframes, from 0.29 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ATLAX vs. IJPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATLAX

ATLAX Risk / Return Rank: 39
ATLAX Sharpe Ratio Rank: 38
ATLAX Sortino Ratio Rank: 39
ATLAX Omega Ratio Rank: 39
ATLAX Calmar Ratio Rank: 36
ATLAX Martin Ratio Rank: 41

IJPIX

IJPIX Risk / Return Rank: 93
IJPIX Sharpe Ratio Rank: 97
IJPIX Sortino Ratio Rank: 88
IJPIX Omega Ratio Rank: 88
IJPIX Calmar Ratio Rank: 96
IJPIX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATLAX vs. IJPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Atlas U.S. Tactical Income Fund (ATLAX) and VY JPMorgan Emerging Markets Equity Portfolio (IJPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ATLAX	IJPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	3.30	-1.63
Sortino ratio: Return per unit of downside risk	2.44	3.94	-1.50
Omega ratio: Gain probability vs. loss probability	1.31	1.58	-0.28
Calmar ratio: Return relative to maximum drawdown	2.15	5.81	-3.67
Martin ratio: Return relative to average drawdown	8.35	22.40	-14.05

ATLAX vs. IJPIX - Sharpe Ratio Comparison

The current ATLAX Sharpe Ratio is 1.67, which is lower than the IJPIX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of ATLAX and IJPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATLAX vs. IJPIX - Drawdown Comparison

The maximum ATLAX drawdown since its inception was -39.28%, smaller than the maximum IJPIX drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for ATLAX and IJPIX.

Drawdown Indicators

	ATLAX	IJPIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-64.21%	+24.93%
Max Drawdown (1Y) Largest decline over 1 year	-4.66%	-12.53%	+7.87%
Max Drawdown (3Y) Largest decline over 3 years	-11.47%	-15.42%	+3.95%
Max Drawdown (5Y) Largest decline over 5 years	-31.49%	-45.22%	+13.73%
Max Drawdown (10Y) Largest decline over 10 years	-39.28%	-49.88%	+10.60%
Current Drawdown Current decline from peak	-14.13%	0.00%	-14.13%
Average Drawdown Average peak-to-trough decline	-14.57%	-20.09%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	3.11%	-1.91%

Volatility

ATLAX vs. IJPIX - Volatility Comparison

The current volatility for Atlas U.S. Tactical Income Fund (ATLAX) is 2.15%, while VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) has a volatility of 11.09%. This indicates that ATLAX experiences smaller price fluctuations and is considered to be less risky than IJPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATLAX	IJPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.15%	11.09%	-8.94%
Volatility (6M) Calculated over the trailing 6-month period	4.76%	19.02%	-14.26%
Volatility (1Y) Calculated over the trailing 1-year period	5.99%	22.08%	-16.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.97%	19.85%	-10.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	19.75%	-3.29%

ATLAX vs. IJPIX - Expense Ratio Comparison

ATLAX has a 1.18% expense ratio, which is lower than IJPIX's 1.51% expense ratio.

Dividends

ATLAX vs. IJPIX - Dividend Comparison

ATLAX's dividend yield for the trailing twelve months is around 4.97%, less than IJPIX's 19.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATLAX Atlas U.S. Tactical Income Fund	4.97%	4.68%	5.15%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	19.27%	25.88%	0.82%	1.67%	42.85%	8.66%	5.75%	5.37%	0.66%	0.40%	1.15%	9.47%

Frequently Asked Questions

Can I hold both ATLAX and IJPIX in my portfolio?

ATLAX and IJPIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATLAX or IJPIX?

IJPIX has higher volatility (11.09%) compared to ATLAX (2.15%). In terms of maximum drawdown, ATLAX dropped -39.28% vs IJPIX's -64.21%.

Which has better risk-adjusted returns?

IJPIX currently has the higher Sharpe Ratio (3.30 vs 1.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.