IIIIX vs. PZRIX
IIIIX (Voya International Index Portfolio) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, IIIIX returned 9.18%/yr vs 10.15%/yr for PZRIX. Their correlation of 0.90 means they have usually moved in the same direction. IIIIX charges 0.45%/yr vs 0.00%/yr for PZRIX.
Performance
IIIIX vs. PZRIX - Performance Comparison
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Returns By Period
In the year-to-date period, IIIIX achieves a 12.54% return, which is significantly lower than PZRIX's 16.22% return. Over the past 10 years, IIIIX has underperformed PZRIX with an annualized return of 9.18%, while PZRIX has yielded a comparatively higher 10.15% annualized return.
IIIIX
- 1D
- 2.82%
- 1M
- 2.07%
- 6M
- 7.04%
- YTD
- 12.54%
- 1Y
- 25.55%
- 3Y*
- 15.87%
- 5Y*
- 9.07%
- 10Y*
- 9.18%
- ALL TIME*
- 5.36%
PZRIX
- 1D
- 1.39%
- 1M
- 5.47%
- 6M
- 7.55%
- YTD
- 16.22%
- 1Y
- 32.46%
- 3Y*
- 18.36%
- 5Y*
- 11.46%
- 10Y*
- 10.15%
- ALL TIME*
- 10.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IIIIX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIIIX Voya International Index Portfolio | 12.54% | 30.88% | 3.03% | 17.70% | -14.60% | 10.83% | 7.87% | 21.37% | -13.73% | 24.91% |
PZRIX PIMCO RAE Global ex-US Fund | 16.22% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Correlation
The correlation between IIIIX and PZRIX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.90 |
The correlation between IIIIX and PZRIX shifts across timeframes, from 0.77 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IIIIX vs. PZRIX — Risk / Return Rank
IIIIX
PZRIX
IIIIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya International Index Portfolio (IIIIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| IIIIX | PZRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.48 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.88 | -1.60 |
| Martin ratioReturn relative to average drawdown | 8.29 | 11.77 | -3.48 |
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Drawdowns
IIIIX vs. PZRIX - Drawdown Comparison
The maximum IIIIX drawdown since its inception was -58.10%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for IIIIX and PZRIX.
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Drawdown Indicators
| IIIIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.10% | -43.53% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -8.18% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -13.81% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -29.79% | -30.85% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -34.34% | -43.53% | +9.19% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.32% | -8.80% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.69% | +0.43% |
Volatility
IIIIX vs. PZRIX - Volatility Comparison
Voya International Index Portfolio (IIIIX) has a higher volatility of 4.85% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 3.43%. This indicates that IIIIX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIIIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.43% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 9.65% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 11.98% | +5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 15.73% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 16.64% | +0.20% |
IIIIX vs. PZRIX - Expense Ratio Comparison
IIIIX has a 0.45% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Dividends
IIIIX vs. PZRIX - Dividend Comparison
IIIIX's dividend yield for the trailing twelve months is around 4.08%, less than PZRIX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIIIX Voya International Index Portfolio | 4.08% | 2.22% | 2.94% | 4.82% | 3.64% | 2.02% | 2.43% | 2.90% | 3.21% | 2.21% | 3.12% | 3.29% |
PZRIX PIMCO RAE Global ex-US Fund | 5.64% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Frequently Asked Questions
IIIIX and PZRIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIIIX has higher volatility (4.85%) compared to PZRIX (3.43%). In terms of maximum drawdown, IIIIX dropped -58.10% vs PZRIX's -43.53%.
PZRIX currently has the higher Sharpe Ratio (2.66 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.
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