INGIX vs. VOO

Last updated Aug 1, 2026

INGIX (Voya U.S. Stock Index Portfolio) and VOO (Vanguard S&P 500 ETF) are both funds - INGIX is a Large Cap Blend Equities fund managed by Voya, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, INGIX returned 14.57%/yr vs 15.14%/yr for VOO. Their 0.98 correlation means they have historically moved very closely together. INGIX charges 0.27%/yr vs 0.03%/yr for VOO.

Performance

INGIX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya U.S. Stock Index Portfolio (INGIX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INGIX achieves a 9.47% return, which is significantly lower than VOO's 10.16% return. Both investments have delivered pretty close results over the past 10 years, with INGIX having a 14.57% annualized return and VOO not far ahead at 15.14%.

INGIX

• 1D: 1.67%
• 1M: -0.33%
• 6M: 7.93%
• YTD: 9.47%
• 1Y: 17.08%
• 3Y*: 18.27%
• 5Y*: 12.13%
• 10Y*: 14.57%
• ALL TIME*: 8.52%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

*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)
INGIX Voya U.S. Stock Index Portfolio	$0.00	$0.00	$0.00
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

INGIX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INGIX Voya U.S. Stock Index Portfolio	9.47%	15.88%	24.71%	26.04%	-18.40%	28.33%	18.07%	31.15%	-4.62%	21.49%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between INGIX and VOO is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.98

The correlation between INGIX and VOO has been stable across timeframes, ranging from 0.88 to 0.98 - a consistent structural relationship.

Return for Risk

INGIX vs. VOO — Risk / Return Rank

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

INGIX

INGIX Risk / Return Rank: 43
INGIX Sharpe Ratio Rank: 32
INGIX Sortino Ratio Rank: 33
INGIX Omega Ratio Rank: 44
INGIX Calmar Ratio Rank: 52
INGIX Martin Ratio Rank: 57

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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.

INGIX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya U.S. Stock Index Portfolio (INGIX) and Vanguard S&P 500 ETF (VOO). 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.

	INGIX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.53	-0.50
Sortino ratio: Return per unit of downside risk	1.55	2.13	-0.58
Omega ratio: Gain probability vs. loss probability	1.23	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	1.90	2.21	-0.30
Martin ratio: Return relative to average drawdown	7.56	9.44	-1.88

INGIX vs. VOO - Sharpe Ratio Comparison

The current INGIX Sharpe Ratio is 1.03, which is lower than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of INGIX and VOO, 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

INGIX vs. VOO - Drawdown Comparison

The maximum INGIX drawdown since its inception was -55.38%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for INGIX and VOO.

Drawdown Indicators

	INGIX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-33.99%	-21.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-8.90%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-19.08%	-18.69%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-24.69%	-24.52%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-33.99%	+0.15%
Current Drawdown Current decline from peak	-1.90%	-1.38%	-0.52%
Average Drawdown Average peak-to-trough decline	-8.13%	-3.67%	-4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.08%	+0.23%

Volatility

INGIX vs. VOO - Volatility Comparison

Voya U.S. Stock Index Portfolio (INGIX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.49% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INGIX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.54%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	10.10%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	12.82%	+4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.13%	16.93%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	18.01%	+0.60%

INGIX vs. VOO - Expense Ratio Comparison

INGIX has a 0.27% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

INGIX vs. VOO - Dividend Comparison

INGIX's dividend yield for the trailing twelve months is around 65.18%, more than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INGIX Voya U.S. Stock Index Portfolio	65.18%	10.66%	9.12%	11.02%	12.95%	10.29%	5.21%	6.82%	8.29%	6.30%	7.74%	11.51%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both INGIX and VOO in my portfolio?

With a correlation of 0.90, INGIX and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, INGIX or VOO?

VOO has higher volatility (3.54%) compared to INGIX (3.49%). In terms of maximum drawdown, INGIX dropped -55.38% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 1.03), 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.