IEDAX vs. IAVIX

Last updated Jun 4, 2026

IEDAX (Voya Large Cap Value Fund) and IAVIX (Voya Solution Aggressive Portfolio) are both mutual funds - IEDAX is a Large Cap Value Equities fund managed by Voya, while IAVIX is a Diversified Portfolio fund managed by Voya. Over the past 10 years, IEDAX returned 12.43%/yr vs 11.64%/yr for IAVIX. Their correlation of 0.87 suggests significant overlap in exposure. IEDAX charges 1.10%/yr vs 0.36%/yr for IAVIX.

Performance

IEDAX vs. IAVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Large Cap Value Fund (IEDAX) and Voya Solution Aggressive Portfolio (IAVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEDAX achieves a 8.93% return, which is significantly lower than IAVIX's 11.47% return. Over the past 10 years, IEDAX has outperformed IAVIX with an annualized return of 12.43%, while IAVIX has yielded a comparatively lower 11.64% annualized return.

IEDAX

• 1D: 0.81%
• 1M: 5.65%
• YTD: 8.93%
• 6M: 9.01%
• 1Y: 18.16%
• 3Y*: 16.93%
• 5Y*: 10.37%
• 10Y*: 12.43%

IAVIX

• 1D: 0.28%
• 1M: 5.39%
• YTD: 11.47%
• 6M: 11.75%
• 1Y: 25.90%
• 3Y*: 19.20%
• 5Y*: 9.91%
• 10Y*: 11.64%

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

IEDAX vs. IAVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEDAX Voya Large Cap Value Fund	8.93%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	13.36%
IAVIX Voya Solution Aggressive Portfolio	11.47%	17.02%	17.46%	21.18%	-19.47%	19.88%	16.13%	25.43%	-10.65%	22.20%

Correlation

The correlation between IEDAX and IAVIX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.87

Over the past year, the correlation between IEDAX and IAVIX has dropped to 0.62 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

IEDAX vs. IAVIX — Risk / Return Rank

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

IEDAX

IEDAX Risk / Return Rank: 37
IEDAX Sharpe Ratio Rank: 38
IEDAX Sortino Ratio Rank: 41
IEDAX Omega Ratio Rank: 38
IEDAX Calmar Ratio Rank: 30
IEDAX Martin Ratio Rank: 36

IAVIX

IAVIX Risk / Return Rank: 72
IAVIX Sharpe Ratio Rank: 70
IAVIX Sortino Ratio Rank: 71
IAVIX Omega Ratio Rank: 65
IAVIX Calmar Ratio Rank: 70
IAVIX Martin Ratio Rank: 84

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.

IEDAX vs. IAVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Large Cap Value Fund (IEDAX) and Voya Solution Aggressive Portfolio (IAVIX). 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.

	IEDAX	IAVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.45	-0.66
Sortino ratio: Return per unit of downside risk	2.67	3.50	-0.84
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	2.04	3.24	-1.20
Martin ratio: Return relative to average drawdown	7.97	16.01	-8.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEDAX vs. IAVIX - Sharpe Ratio Comparison

The current IEDAX Sharpe Ratio is 1.79, which is comparable to the IAVIX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of IEDAX and IAVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IEDAX	IAVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.45	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.64	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.69	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.62	-0.13

Drawdowns

IEDAX vs. IAVIX - Drawdown Comparison

The maximum IEDAX drawdown since its inception was -47.31%, which is greater than IAVIX's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for IEDAX and IAVIX.

Drawdown Indicators

	IEDAX	IAVIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.31%	-35.38%	-11.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-8.99%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.40%	-16.71%	-5.69%
Max Drawdown (5Y) Largest decline over 5 years	-22.40%	-26.35%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	-39.36%	-35.38%	-3.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.49%	-5.23%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	1.76%	+0.72%

Volatility

IEDAX vs. IAVIX - Volatility Comparison

Voya Large Cap Value Fund (IEDAX) and Voya Solution Aggressive Portfolio (IAVIX) have volatilities of 3.22% and 3.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEDAX	IAVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	3.14%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	9.57%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	11.89%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	15.78%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	17.00%	+1.82%

IEDAX vs. IAVIX - Expense Ratio Comparison

IEDAX has a 1.10% expense ratio, which is higher than IAVIX's 0.36% expense ratio.

Dividends

IEDAX vs. IAVIX - Dividend Comparison

IEDAX's dividend yield for the trailing twelve months is around 7.33%, more than IAVIX's 7.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAVIX Voya Solution Aggressive Portfolio	7.19%	8.01%	0.50%	6.64%	21.30%	1.19%	7.68%	8.98%	6.09%	1.91%	6.81%	5.86%
IEDAX Voya Large Cap Value Fund	7.33%	8.03%	15.43%	10.92%	8.06%	16.02%	9.13%	17.61%	11.75%	11.03%	1.89%	8.59%

Frequently Asked Questions

Can I hold both IEDAX and IAVIX in my portfolio?

IEDAX and IAVIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEDAX or IAVIX?

IEDAX has higher volatility (3.22%) compared to IAVIX (3.14%). In terms of maximum drawdown, IEDAX dropped -47.31% vs IAVIX's -35.38%.

Which has better risk-adjusted returns?

IAVIX currently has the higher Sharpe Ratio (2.45 vs 1.79), 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.