IJPIX vs. LEXCX

Last updated Jun 24, 2026

IJPIX (VY JPMorgan Emerging Markets Equity Portfolio) and LEXCX (Voya Corporate Leaders Trust Fund) are both mutual funds - IJPIX is a Emerging Markets Diversified fund managed by Voya, while LEXCX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IJPIX returned 11.76%/yr vs 11.73%/yr for LEXCX. A 0.56 correlation means they provide meaningful diversification when combined. IJPIX charges 1.51%/yr vs 0.52%/yr for LEXCX.

Performance

IJPIX vs. LEXCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) and Voya Corporate Leaders Trust Fund (LEXCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJPIX achieves a 35.61% return, which is significantly higher than LEXCX's 15.98% return. Both investments have delivered pretty close results over the past 10 years, with IJPIX having a 11.76% annualized return and LEXCX not far behind at 11.73%.

IJPIX

• 1D: 0.99%
• 1M: 8.23%
• YTD: 35.61%
• 6M: 37.34%
• 1Y: 66.07%
• 3Y*: 24.98%
• 5Y*: 5.95%
• 10Y*: 11.76%

LEXCX

• 1D: 0.86%
• 1M: -2.86%
• YTD: 15.98%
• 6M: 15.38%
• 1Y: 18.10%
• 3Y*: 13.73%
• 5Y*: 11.28%
• 10Y*: 11.73%

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

IJPIX vs. LEXCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	35.61%	38.95%	1.91%	6.58%	-26.16%	-10.00%	33.28%	31.72%	-16.76%	43.11%
LEXCX Voya Corporate Leaders Trust Fund	15.98%	7.04%	3.60%	14.53%	3.95%	26.77%	4.36%	21.43%	-5.44%	16.61%

Correlation

The correlation between IJPIX and LEXCX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 23, 1998	0.56

Over the past year, the correlation between IJPIX and LEXCX has dropped to 0.01 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

IJPIX vs. LEXCX — Risk / Return Rank

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

IJPIX

IJPIX Risk / Return Rank: 94
IJPIX Sharpe Ratio Rank: 97
IJPIX Sortino Ratio Rank: 89
IJPIX Omega Ratio Rank: 89
IJPIX Calmar Ratio Rank: 96
IJPIX Martin Ratio Rank: 97

LEXCX

LEXCX Risk / Return Rank: 43
LEXCX Sharpe Ratio Rank: 31
LEXCX Sortino Ratio Rank: 34
LEXCX Omega Ratio Rank: 30
LEXCX Calmar Ratio Rank: 78
LEXCX Martin Ratio Rank: 40

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.

IJPIX vs. LEXCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) and Voya Corporate Leaders Trust Fund (LEXCX). 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.

	IJPIX	LEXCX	Difference
Sharpe ratio: Return per unit of total volatility	3.37	1.49	+1.89
Sortino ratio: Return per unit of downside risk	4.01	2.25	+1.76
Omega ratio: Gain probability vs. loss probability	1.60	1.27	+0.33
Calmar ratio: Return relative to maximum drawdown	5.93	3.36	+2.57
Martin ratio: Return relative to average drawdown	22.91	8.21	+14.70

IJPIX vs. LEXCX - Sharpe Ratio Comparison

The current IJPIX Sharpe Ratio is 3.37, which is higher than the LEXCX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IJPIX and LEXCX, 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

IJPIX vs. LEXCX - Drawdown Comparison

The maximum IJPIX drawdown since its inception was -64.21%, which is greater than LEXCX's maximum drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for IJPIX and LEXCX.

Drawdown Indicators

	IJPIX	LEXCX	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-50.42%	-13.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-6.22%	-6.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-14.03%	-1.39%
Max Drawdown (5Y) Largest decline over 5 years	-45.22%	-19.75%	-25.47%
Max Drawdown (10Y) Largest decline over 10 years	-49.88%	-39.21%	-10.67%
Current Drawdown Current decline from peak	0.00%	-4.80%	+4.80%
Average Drawdown Average peak-to-trough decline	-20.09%	-7.11%	-12.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.50%	+0.61%

Volatility

IJPIX vs. LEXCX - Volatility Comparison

VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) has a higher volatility of 11.03% compared to Voya Corporate Leaders Trust Fund (LEXCX) at 4.61%. This indicates that IJPIX's price experiences larger fluctuations and is considered to be riskier than LEXCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPIX	LEXCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.03%	4.61%	+6.42%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	10.95%	+8.07%
Volatility (1Y) Calculated over the trailing 1-year period	22.08%	14.09%	+7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	16.52%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	19.02%	+0.73%

IJPIX vs. LEXCX - Expense Ratio Comparison

IJPIX has a 1.51% expense ratio, which is higher than LEXCX's 0.52% expense ratio.

Dividends

IJPIX vs. LEXCX - Dividend Comparison

IJPIX's dividend yield for the trailing twelve months is around 19.08%, more than LEXCX's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	19.08%	25.88%	0.82%	1.67%	42.85%	8.66%	5.75%	5.37%	0.66%	0.40%	1.15%	9.47%
LEXCX Voya Corporate Leaders Trust Fund	1.42%	1.65%	1.66%	1.58%	1.65%	1.54%	1.91%	1.86%	2.03%	1.79%	3.93%	2.37%

Frequently Asked Questions

Can I hold both IJPIX and LEXCX in my portfolio?

IJPIX and LEXCX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJPIX or LEXCX?

IJPIX has higher volatility (11.03%) compared to LEXCX (4.61%). In terms of maximum drawdown, IJPIX dropped -64.21% vs LEXCX's -50.42%.

Which has better risk-adjusted returns?

IJPIX currently has the higher Sharpe Ratio (3.37 vs 1.49), 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.