IEOSX vs. IRSOX

Last updated Jun 4, 2026

IEOSX (Voya Large Cap Growth Portfolio) and IRSOX (Voya Target Retirement 2040 Fund) are both mutual funds - IEOSX is a Large Cap Growth Equities fund managed by Voya, while IRSOX is a Target Retirement Date fund managed by Voya. Over the past 10 years, IEOSX returned 16.00%/yr vs 11.24%/yr for IRSOX. Their correlation of 0.86 suggests significant overlap in exposure. IEOSX charges 0.92%/yr vs 0.23%/yr for IRSOX.

Performance

IEOSX vs. IRSOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Large Cap Growth Portfolio (IEOSX) and Voya Target Retirement 2040 Fund (IRSOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IEOSX having a 11.23% return and IRSOX slightly higher at 11.67%. Over the past 10 years, IEOSX has outperformed IRSOX with an annualized return of 16.00%, while IRSOX has yielded a comparatively lower 11.24% annualized return.

IEOSX

• 1D: -0.05%
• 1M: 8.88%
• YTD: 11.23%
• 6M: 10.39%
• 1Y: 28.13%
• 3Y*: 25.10%
• 5Y*: 13.70%
• 10Y*: 16.00%

IRSOX

• 1D: 0.35%
• 1M: 5.13%
• YTD: 11.67%
• 6M: 12.45%
• 1Y: 26.71%
• 3Y*: 18.38%
• 5Y*: 9.48%
• 10Y*: 11.24%

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

IEOSX vs. IRSOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEOSX Voya Large Cap Growth Portfolio	11.23%	15.13%	34.53%	37.38%	-30.74%	19.20%	30.20%	32.51%	-2.11%	29.48%
IRSOX Voya Target Retirement 2040 Fund	11.67%	19.10%	13.74%	19.25%	-18.43%	17.65%	16.93%	23.69%	-8.31%	20.15%

Correlation

The correlation between IEOSX and IRSOX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 26, 2012	0.86

Over the past year, the correlation between IEOSX and IRSOX has dropped to 0.63 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

IEOSX vs. IRSOX — Risk / Return Rank

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

IEOSX

IEOSX Risk / Return Rank: 29
IEOSX Sharpe Ratio Rank: 29
IEOSX Sortino Ratio Rank: 28
IEOSX Omega Ratio Rank: 36
IEOSX Calmar Ratio Rank: 26
IEOSX Martin Ratio Rank: 23

IRSOX

IRSOX Risk / Return Rank: 82
IRSOX Sharpe Ratio Rank: 85
IRSOX Sortino Ratio Rank: 83
IRSOX Omega Ratio Rank: 78
IRSOX Calmar Ratio Rank: 78
IRSOX Martin Ratio Rank: 87

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.

IEOSX vs. IRSOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Large Cap Growth Portfolio (IEOSX) and Voya Target Retirement 2040 Fund (IRSOX). 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.

	IEOSX	IRSOX	Difference
Sharpe ratio Return per unit of total volatility	1.55	2.75	-1.21
Sortino ratio Return per unit of downside risk	2.21	3.99	-1.78
Omega ratio Gain probability vs. loss probability	1.32	1.51	-0.19
Calmar ratio Return relative to maximum drawdown	1.89	3.53	-1.64
Martin ratio Return relative to average drawdown	5.88	16.89	-11.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEOSX vs. IRSOX - Sharpe Ratio Comparison

The current IEOSX Sharpe Ratio is 1.55, which is lower than the IRSOX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of IEOSX and IRSOX, 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

	IEOSX	IRSOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.75	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.70	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.77	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.75	-0.15

Drawdowns

IEOSX vs. IRSOX - Drawdown Comparison

The maximum IEOSX drawdown since its inception was -44.03%, which is greater than IRSOX's maximum drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for IEOSX and IRSOX.

Drawdown Indicators

	IEOSX	IRSOX	Difference
Max Drawdown Largest peak-to-trough decline	-44.03%	-31.25%	-12.78%
Max Drawdown (1Y) Largest decline over 1 year	-17.29%	-8.38%	-8.91%
Max Drawdown (3Y) Largest decline over 3 years	-25.33%	-13.84%	-11.49%
Max Drawdown (5Y) Largest decline over 5 years	-34.91%	-25.24%	-9.67%
Max Drawdown (10Y) Largest decline over 10 years	-34.91%	-31.25%	-3.66%
Current Drawdown Current decline from peak	-4.06%	0.00%	-4.06%
Average Drawdown Average peak-to-trough decline	-6.54%	-4.28%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	1.69%	+3.58%

Volatility

IEOSX vs. IRSOX - Volatility Comparison

Voya Large Cap Growth Portfolio (IEOSX) has a higher volatility of 13.44% compared to Voya Target Retirement 2040 Fund (IRSOX) at 3.36%. This indicates that IEOSX's price experiences larger fluctuations and is considered to be riskier than IRSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEOSX	IRSOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	3.36%	+10.08%
Volatility (6M) Calculated over the trailing 6-month period	17.75%	8.82%	+8.93%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	10.75%	+10.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.23%	13.87%	+9.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.85%	14.80%	+7.05%

IEOSX vs. IRSOX - Expense Ratio Comparison

IEOSX has a 0.92% expense ratio, which is higher than IRSOX's 0.23% expense ratio.

Dividends

IEOSX vs. IRSOX - Dividend Comparison

IEOSX's dividend yield for the trailing twelve months is around 10.95%, less than IRSOX's 12.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEOSX Voya Large Cap Growth Portfolio	10.95%	12.18%	0.00%	0.00%	64.49%	21.60%	11.24%	17.89%	16.66%	7.29%	15.02%	11.09%
IRSOX Voya Target Retirement 2040 Fund	12.27%	13.71%	2.25%	2.13%	6.01%	17.52%	3.71%	4.14%	5.84%	5.86%	1.98%	0.41%

Frequently Asked Questions

Can I hold both IEOSX and IRSOX in my portfolio?

IEOSX and IRSOX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEOSX or IRSOX?

IEOSX has higher volatility (13.44%) compared to IRSOX (3.36%). In terms of maximum drawdown, IEOSX dropped -44.03% vs IRSOX's -31.25%.

Which has better risk-adjusted returns?

IRSOX currently has the higher Sharpe Ratio (2.75 vs 1.55), 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.