IJMIX vs. IIRLX

Last updated Jun 23, 2026

IJMIX (VY JPMorgan Mid Cap Value Portfolio) and IIRLX (Voya Russell Large Cap Index Portfolio) are both mutual funds - IJMIX is a Mid Cap Value Equities fund managed by Voya, while IIRLX is a Large Cap Blend Equities fund managed by Voya. Over the past 10 years, IJMIX returned 8.93%/yr vs 16.11%/yr for IIRLX. Their correlation of 0.84 suggests significant overlap in exposure. IJMIX charges 0.88%/yr vs 0.36%/yr for IIRLX.

Performance

IJMIX vs. IIRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY JPMorgan Mid Cap Value Portfolio (IJMIX) and Voya Russell Large Cap Index Portfolio (IIRLX). 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 IJMIX having a 8.78% return and IIRLX slightly higher at 9.13%. Over the past 10 years, IJMIX has underperformed IIRLX with an annualized return of 8.93%, while IIRLX has yielded a comparatively higher 16.11% annualized return.

IJMIX

• 1D: 0.38%
• 1M: 1.81%
• YTD: 8.78%
• 6M: 6.43%
• 1Y: 14.85%
• 3Y*: 11.77%
• 5Y*: 7.65%
• 10Y*: 8.93%

IIRLX

• 1D: 1.10%
• 1M: 0.10%
• YTD: 9.13%
• 6M: 8.79%
• 1Y: 26.82%
• 3Y*: 21.67%
• 5Y*: 14.36%
• 10Y*: 16.11%

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

IJMIX vs. IIRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJMIX VY JPMorgan Mid Cap Value Portfolio	8.78%	3.49%	14.20%	10.81%	-8.20%	29.83%	0.61%	26.34%	-11.91%	14.06%
IIRLX Voya Russell Large Cap Index Portfolio	9.13%	18.77%	26.95%	29.41%	-20.07%	27.26%	21.71%	31.18%	-3.45%	22.58%

Correlation

The correlation between IJMIX and IIRLX is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 11, 2008	0.84

Over the past year, the correlation between IJMIX and IIRLX has dropped to 0.52 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

IJMIX vs. IIRLX — Risk / Return Rank

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

IJMIX

IJMIX Risk / Return Rank: 23
IJMIX Sharpe Ratio Rank: 14
IJMIX Sortino Ratio Rank: 14
IJMIX Omega Ratio Rank: 20
IJMIX Calmar Ratio Rank: 32
IJMIX Martin Ratio Rank: 35

IIRLX

IIRLX Risk / Return Rank: 64
IIRLX Sharpe Ratio Rank: 61
IIRLX Sortino Ratio Rank: 59
IIRLX Omega Ratio Rank: 61
IIRLX Calmar Ratio Rank: 69
IIRLX Martin Ratio Rank: 71

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.

IJMIX vs. IIRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY JPMorgan Mid Cap Value Portfolio (IJMIX) and Voya Russell Large Cap Index Portfolio (IIRLX). 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.

	IJMIX	IIRLX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	2.11	-1.13
Sortino ratio: Return per unit of downside risk	1.47	2.94	-1.47
Omega ratio: Gain probability vs. loss probability	1.22	1.39	-0.17
Calmar ratio: Return relative to maximum drawdown	2.00	3.06	-1.05
Martin ratio: Return relative to average drawdown	7.45	12.72	-5.27

IJMIX vs. IIRLX - Sharpe Ratio Comparison

The current IJMIX Sharpe Ratio is 0.98, which is lower than the IIRLX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IJMIX and IIRLX, 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

IJMIX vs. IIRLX - Drawdown Comparison

The maximum IJMIX drawdown since its inception was -54.73%, which is greater than IIRLX's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for IJMIX and IIRLX.

Drawdown Indicators

	IJMIX	IIRLX	Difference
Max Drawdown Largest peak-to-trough decline	-54.73%	-50.33%	-4.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-9.83%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-18.61%	-19.58%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	-25.83%	+6.87%
Max Drawdown (10Y) Largest decline over 10 years	-43.18%	-32.60%	-10.58%
Current Drawdown Current decline from peak	-1.01%	-1.76%	+0.75%
Average Drawdown Average peak-to-trough decline	-10.20%	-6.76%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.26%	-0.08%

Volatility

IJMIX vs. IIRLX - Volatility Comparison

The current volatility for VY JPMorgan Mid Cap Value Portfolio (IJMIX) is 3.55%, while Voya Russell Large Cap Index Portfolio (IIRLX) has a volatility of 4.91%. This indicates that IJMIX experiences smaller price fluctuations and is considered to be less risky than IIRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJMIX	IIRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	4.91%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	13.95%	11.49%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	14.22%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	17.87%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.70%	18.56%	+1.14%

IJMIX vs. IIRLX - Expense Ratio Comparison

IJMIX has a 0.88% expense ratio, which is higher than IIRLX's 0.36% expense ratio.

Dividends

IJMIX vs. IIRLX - Dividend Comparison

IJMIX's dividend yield for the trailing twelve months is around 14.46%, more than IIRLX's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIRLX Voya Russell Large Cap Index Portfolio	4.85%	3.76%	0.96%	1.14%	5.04%	4.77%	4.71%	4.35%	1.73%	1.47%	1.77%	1.66%
IJMIX VY JPMorgan Mid Cap Value Portfolio	14.46%	15.72%	6.03%	11.36%	20.71%	4.23%	9.14%	14.29%	11.98%	10.41%	10.24%	17.53%

Frequently Asked Questions

Can I hold both IJMIX and IIRLX in my portfolio?

IJMIX and IIRLX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJMIX or IIRLX?

IIRLX has higher volatility (4.91%) compared to IJMIX (3.55%). In terms of maximum drawdown, IJMIX dropped -54.73% vs IIRLX's -50.33%.

Which has better risk-adjusted returns?

IIRLX currently has the higher Sharpe Ratio (2.11 vs 0.98), 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.