IIRSX vs. AUERX

Last updated Aug 4, 2026

IIRSX (Voya Russell Small Cap Index Portfolio) and AUERX (Auer Growth Fund) are both Small Cap Blend Equities funds. Over the past 10 years, IIRSX returned 10.54%/yr vs 15.87%/yr for AUERX. Their correlation of 0.82 means they have usually moved in the same direction. IIRSX charges 0.45%/yr vs 2.37%/yr for AUERX.

Performance

IIRSX vs. AUERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Russell Small Cap Index Portfolio (IIRSX) and Auer Growth Fund (AUERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IIRSX achieves a 20.07% return, which is significantly higher than AUERX's 13.58% return. Over the past 10 years, IIRSX has underperformed AUERX with an annualized return of 10.54%, while AUERX has yielded a comparatively higher 15.87% annualized return.

IIRSX

• 1D: -0.55%
• 1M: -2.18%
• 6M: 12.81%
• YTD: 20.07%
• 1Y: 35.56%
• 3Y*: 15.49%
• 5Y*: 7.12%
• 10Y*: 10.54%
• ALL TIME*: 6.22%

AUERX

• 1D: -0.11%
• 1M: -0.45%
• 6M: 7.85%
• YTD: 13.58%
• 1Y: 41.81%
• 3Y*: 20.71%
• 5Y*: 20.07%
• 10Y*: 15.87%
• ALL TIME*: 5.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AUERX Auer Growth Fund	$0.00	$0.00	$0.00
IIRSX Voya Russell Small Cap Index Portfolio	$0.00	$0.00	$0.00

IIRSX vs. AUERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IIRSX Voya Russell Small Cap Index Portfolio	20.07%	12.84%	11.14%	16.61%	-20.58%	14.32%	19.15%	24.63%	-11.26%	14.32%
AUERX Auer Growth Fund	13.58%	30.10%	11.12%	21.42%	9.95%	45.11%	-1.85%	27.96%	-25.63%	28.75%

Correlation

The correlation between IIRSX and AUERX is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Dec 26, 2007	0.82

The correlation between IIRSX and AUERX shifts across timeframes, from 0.68 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IIRSX vs. AUERX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IIRSX

IIRSX Risk / Return Rank: 78
IIRSX Sharpe Ratio Rank: 71
IIRSX Sortino Ratio Rank: 69
IIRSX Omega Ratio Rank: 69
IIRSX Calmar Ratio Rank: 90
IIRSX Martin Ratio Rank: 88

AUERX

AUERX Risk / Return Rank: 90
AUERX Sharpe Ratio Rank: 92
AUERX Sortino Ratio Rank: 86
AUERX Omega Ratio Rank: 84
AUERX Calmar Ratio Rank: 94
AUERX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IIRSX vs. AUERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Russell Small Cap Index Portfolio (IIRSX) and Auer Growth Fund (AUERX). 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.

	IIRSX	AUERX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.41	-0.65
Sortino ratio: Return per unit of downside risk	2.48	3.15	-0.68
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.09
Calmar ratio: Return relative to maximum drawdown	3.52	4.03	-0.52
Martin ratio: Return relative to average drawdown	12.13	15.01	-2.87

IIRSX vs. AUERX - Sharpe Ratio Comparison

The current IIRSX Sharpe Ratio is 1.76, which is comparable to the AUERX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of IIRSX and AUERX, 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

IIRSX vs. AUERX - Drawdown Comparison

The maximum IIRSX drawdown since its inception was -63.18%, smaller than the maximum AUERX drawdown of -67.23%. Use the drawdown chart below to compare losses from any high point for IIRSX and AUERX.

Drawdown Indicators

	IIRSX	AUERX	Difference
Max Drawdown Largest peak-to-trough decline	-63.18%	-67.23%	+4.05%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-10.06%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-27.95%	-34.80%	+6.85%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-34.80%	+2.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	-51.89%	+9.57%
Current Drawdown Current decline from peak	-3.04%	-3.33%	+0.29%
Average Drawdown Average peak-to-trough decline	-11.37%	-24.69%	+13.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.70%	+0.44%

Volatility

IIRSX vs. AUERX - Volatility Comparison

The current volatility for Voya Russell Small Cap Index Portfolio (IIRSX) is 3.84%, while Auer Growth Fund (AUERX) has a volatility of 4.77%. This indicates that IIRSX experiences smaller price fluctuations and is considered to be less risky than AUERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IIRSX	AUERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	4.77%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	17.77%	12.92%	+4.85%
Volatility (1Y) Calculated over the trailing 1-year period	22.23%	16.87%	+5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.56%	24.73%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.93%	24.36%	-0.43%

IIRSX vs. AUERX - Expense Ratio Comparison

IIRSX has a 0.45% expense ratio, which is lower than AUERX's 2.37% expense ratio.

Dividends

IIRSX vs. AUERX - Dividend Comparison

IIRSX's dividend yield for the trailing twelve months is around 14.15%, more than AUERX's 10.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUERX Auer Growth Fund	10.03%	11.39%	24.55%	4.54%	5.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IIRSX Voya Russell Small Cap Index Portfolio	14.15%	12.31%	7.55%	5.71%	11.02%	0.61%	6.29%	12.33%	8.34%	7.95%	12.75%	11.26%

Frequently Asked Questions

Can I hold both IIRSX and AUERX in my portfolio?

IIRSX and AUERX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IIRSX or AUERX?

AUERX has higher volatility (4.77%) compared to IIRSX (3.84%). In terms of maximum drawdown, IIRSX dropped -63.18% vs AUERX's -67.23%.

Which has better risk-adjusted returns?

AUERX currently has the higher Sharpe Ratio (2.41 vs 1.76), 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.