IDXLX vs. IRVIX

Last updated Jun 23, 2026

IDXLX (Voya Index Solution 2040 Portfolio) and IRVIX (Voya Russell Large Cap Value Index Portfolio) are both mutual funds - IDXLX is a Target Retirement Date fund managed by Voya, while IRVIX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IDXLX returned 11.00%/yr vs 11.74%/yr for IRVIX. Their correlation of 0.86 suggests significant overlap in exposure. IDXLX charges 0.20%/yr vs 0.35%/yr for IRVIX.

Performance

IDXLX vs. IRVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Index Solution 2040 Portfolio (IDXLX) and Voya Russell Large Cap Value Index Portfolio (IRVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDXLX achieves a 10.18% return, which is significantly lower than IRVIX's 15.79% return. Over the past 10 years, IDXLX has underperformed IRVIX with an annualized return of 11.00%, while IRVIX has yielded a comparatively higher 11.74% annualized return.

IDXLX

• 1D: 1.00%
• 1M: 1.54%
• YTD: 10.18%
• 6M: 9.98%
• 1Y: 24.32%
• 3Y*: 16.60%
• 5Y*: 9.19%
• 10Y*: 11.00%

IRVIX

• 1D: 0.66%
• 1M: 2.71%
• YTD: 15.79%
• 6M: 15.54%
• 1Y: 30.64%
• 3Y*: 18.44%
• 5Y*: 12.36%
• 10Y*: 11.74%

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

IDXLX vs. IRVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDXLX Voya Index Solution 2040 Portfolio	10.18%	18.90%	13.55%	18.84%	-17.96%	16.62%	15.65%	23.77%	-7.52%	19.68%
IRVIX Voya Russell Large Cap Value Index Portfolio	15.79%	18.08%	14.99%	10.26%	-5.48%	22.95%	1.38%	25.75%	-6.61%	13.47%

Correlation

The correlation between IDXLX and IRVIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011	0.86

Over the past year, the correlation between IDXLX and IRVIX has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

IDXLX vs. IRVIX — Risk / Return Rank

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

IDXLX

IDXLX Risk / Return Rank: 77
IDXLX Sharpe Ratio Rank: 76
IDXLX Sortino Ratio Rank: 78
IDXLX Omega Ratio Rank: 72
IDXLX Calmar Ratio Rank: 74
IDXLX Martin Ratio Rank: 85

IRVIX

IRVIX Risk / Return Rank: 92
IRVIX Sharpe Ratio Rank: 94
IRVIX Sortino Ratio Rank: 91
IRVIX Omega Ratio Rank: 86
IRVIX Calmar Ratio Rank: 94
IRVIX 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.

IDXLX vs. IRVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Index Solution 2040 Portfolio (IDXLX) and Voya Russell Large Cap Value Index Portfolio (IRVIX). 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.

	IDXLX	IRVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	3.00	-0.65
Sortino ratio: Return per unit of downside risk	3.39	4.20	-0.81
Omega ratio: Gain probability vs. loss probability	1.43	1.55	-0.12
Calmar ratio: Return relative to maximum drawdown	3.19	5.18	-1.98
Martin ratio: Return relative to average drawdown	14.73	21.42	-6.69

IDXLX vs. IRVIX - Sharpe Ratio Comparison

The current IDXLX Sharpe Ratio is 2.34, which is comparable to the IRVIX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of IDXLX and IRVIX, 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

IDXLX vs. IRVIX - Drawdown Comparison

The maximum IDXLX drawdown since its inception was -30.09%, smaller than the maximum IRVIX drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for IDXLX and IRVIX.

Drawdown Indicators

	IDXLX	IRVIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.09%	-35.67%	+5.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-6.64%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-13.65%	-13.38%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-25.08%	-18.37%	-6.71%
Max Drawdown (10Y) Largest decline over 10 years	-30.09%	-35.67%	+5.58%
Current Drawdown Current decline from peak	-0.33%	-0.55%	+0.22%
Average Drawdown Average peak-to-trough decline	-4.08%	-3.82%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.55%	+0.17%

Volatility

IDXLX vs. IRVIX - Volatility Comparison

Voya Index Solution 2040 Portfolio (IDXLX) has a higher volatility of 4.19% compared to Voya Russell Large Cap Value Index Portfolio (IRVIX) at 3.95%. This indicates that IDXLX's price experiences larger fluctuations and is considered to be riskier than IRVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDXLX	IRVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.95%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	9.09%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	11.47%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	14.34%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	16.89%	-2.12%

IDXLX vs. IRVIX - Expense Ratio Comparison

IDXLX has a 0.20% expense ratio, which is lower than IRVIX's 0.35% expense ratio.

Dividends

IDXLX vs. IRVIX - Dividend Comparison

IDXLX's dividend yield for the trailing twelve months is around 1.80%, less than IRVIX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDXLX Voya Index Solution 2040 Portfolio	1.80%	1.99%	0.62%	8.23%	13.44%	4.59%	4.31%	4.56%	3.62%	1.03%	0.17%	5.83%
IRVIX Voya Russell Large Cap Value Index Portfolio	3.80%	29.89%	3.60%	2.01%	1.36%	1.94%	3.78%	5.91%	6.32%	1.94%	2.90%	3.11%

Frequently Asked Questions

Can I hold both IDXLX and IRVIX in my portfolio?

IDXLX and IRVIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDXLX or IRVIX?

IDXLX has higher volatility (4.19%) compared to IRVIX (3.95%). In terms of maximum drawdown, IDXLX dropped -30.09% vs IRVIX's -35.67%.

Which has better risk-adjusted returns?

IRVIX currently has the higher Sharpe Ratio (3.00 vs 2.34), 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.