IGMIX vs. IEDAX

Last updated Jun 27, 2026

IGMIX (VY Invesco Oppenheimer Global Portfolio) and IEDAX (Voya Large Cap Value Fund) are both mutual funds - IGMIX is a Global Equities fund managed by Voya, while IEDAX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IGMIX returned 13.14%/yr vs 13.20%/yr for IEDAX. Their correlation of 0.81 suggests significant overlap in exposure. IGMIX charges 0.80%/yr vs 1.10%/yr for IEDAX.

Performance

IGMIX vs. IEDAX - Performance Comparison

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

Returns By Period

In the year-to-date period, IGMIX achieves a 8.05% return, which is significantly lower than IEDAX's 11.72% return. Both investments have delivered pretty close results over the past 10 years, with IGMIX having a 13.14% annualized return and IEDAX not far ahead at 13.20%.

IGMIX

• 1D: 1.03%
• 1M: -0.61%
• YTD: 8.05%
• 6M: 6.17%
• 1Y: 23.18%
• 3Y*: 16.50%
• 5Y*: 5.96%
• 10Y*: 13.14%

IEDAX

• 1D: 1.66%
• 1M: 3.46%
• YTD: 11.72%
• 6M: 10.38%
• 1Y: 18.89%
• 3Y*: 17.27%
• 5Y*: 11.18%
• 10Y*: 13.20%

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

IGMIX vs. IEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGMIX VY Invesco Oppenheimer Global Portfolio	8.05%	24.34%	6.81%	32.60%	-31.74%	15.39%	27.76%	31.41%	-13.19%	36.49%
IEDAX Voya Large Cap Value Fund	11.72%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	13.36%

Correlation

The correlation between IGMIX and IEDAX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007	0.81

The correlation between IGMIX and IEDAX shifts across timeframes, from 0.68 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IGMIX vs. IEDAX — Risk / Return Rank

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

IGMIX

IGMIX Risk / Return Rank: 43
IGMIX Sharpe Ratio Rank: 38
IGMIX Sortino Ratio Rank: 34
IGMIX Omega Ratio Rank: 35
IGMIX Calmar Ratio Rank: 55
IGMIX Martin Ratio Rank: 53

IEDAX

IEDAX Risk / Return Rank: 52
IEDAX Sharpe Ratio Rank: 56
IEDAX Sortino Ratio Rank: 62
IEDAX Omega Ratio Rank: 53
IEDAX Calmar Ratio Rank: 44
IEDAX Martin Ratio Rank: 47

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.

IGMIX vs. IEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Oppenheimer Global Portfolio (IGMIX) and Voya Large Cap Value Fund (IEDAX). 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.

	IGMIX	IEDAX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.78	-0.28
Sortino ratio: Return per unit of downside risk	2.05	2.64	-0.58
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	2.45	2.16	+0.29
Martin ratio: Return relative to average drawdown	9.25	8.42	+0.83

IGMIX vs. IEDAX - Sharpe Ratio Comparison

The current IGMIX Sharpe Ratio is 1.50, which is comparable to the IEDAX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IGMIX and IEDAX, 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

IGMIX vs. IEDAX - Drawdown Comparison

The maximum IGMIX drawdown since its inception was -54.68%, which is greater than IEDAX's maximum drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for IGMIX and IEDAX.

Drawdown Indicators

	IGMIX	IEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-47.31%	-7.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-10.04%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-26.93%	-22.40%	-4.53%
Max Drawdown (5Y) Largest decline over 5 years	-41.51%	-22.40%	-19.11%
Max Drawdown (10Y) Largest decline over 10 years	-41.51%	-39.36%	-2.15%
Current Drawdown Current decline from peak	-2.96%	0.00%	-2.96%
Average Drawdown Average peak-to-trough decline	-13.86%	-6.47%	-7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.47%	+0.39%

Volatility

IGMIX vs. IEDAX - Volatility Comparison

VY Invesco Oppenheimer Global Portfolio (IGMIX) has a higher volatility of 7.99% compared to Voya Large Cap Value Fund (IEDAX) at 4.62%. This indicates that IGMIX's price experiences larger fluctuations and is considered to be riskier than IEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGMIX	IEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	4.62%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	9.63%	+5.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	12.21%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	17.27%	+6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.83%	18.82%	+3.01%

IGMIX vs. IEDAX - Expense Ratio Comparison

IGMIX has a 0.80% expense ratio, which is lower than IEDAX's 1.10% expense ratio.

Dividends

IGMIX vs. IEDAX - Dividend Comparison

IGMIX's dividend yield for the trailing twelve months is around 24.33%, more than IEDAX's 7.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDAX Voya Large Cap Value Fund	7.15%	8.03%	15.43%	10.92%	8.06%	16.02%	9.13%	17.61%	11.75%	11.03%	1.89%	8.59%
IGMIX VY Invesco Oppenheimer Global Portfolio	24.33%	7.32%	101.91%	11.19%	19.30%	4.38%	3.99%	18.95%	10.27%	1.11%	8.51%	9.89%

Frequently Asked Questions

Can I hold both IGMIX and IEDAX in my portfolio?

IGMIX and IEDAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGMIX or IEDAX?

IGMIX has higher volatility (7.99%) compared to IEDAX (4.62%). In terms of maximum drawdown, IGMIX dropped -54.68% vs IEDAX's -47.31%.

Which has better risk-adjusted returns?

IEDAX currently has the higher Sharpe Ratio (1.78 vs 1.50), 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.