IPHYX vs. IJPIX
IPHYX (Voya High Yield Portfolio) and IJPIX (VY JPMorgan Emerging Markets Equity Portfolio) are both mutual funds - IPHYX is a High Yield Bonds fund managed by Voya, while IJPIX is a Emerging Markets Equities fund managed by Voya. Over the past 10 years, IPHYX returned 4.14%/yr vs 9.20%/yr for IJPIX. Their 0.39 correlation means their historical movements had little consistent relationship. IPHYX charges 0.73%/yr vs 1.51%/yr for IJPIX.
Performance
IPHYX vs. IJPIX - Performance Comparison
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Returns By Period
In the year-to-date period, IPHYX achieves a 0.59% return, which is significantly lower than IJPIX's 20.55% return. Over the past 10 years, IPHYX has underperformed IJPIX with an annualized return of 4.14%, while IJPIX has yielded a comparatively higher 9.20% annualized return.
IPHYX
- 1D
- 0.12%
- 1M
- -0.91%
- 6M
- 0.35%
- YTD
- 0.59%
- 1Y
- 3.15%
- 3Y*
- 6.26%
- 5Y*
- 2.25%
- 10Y*
- 4.14%
- ALL TIME*
- 5.74%
IJPIX
- 1D
- 3.97%
- 1M
- -4.52%
- 6M
- 9.35%
- YTD
- 20.55%
- 1Y
- 41.72%
- 3Y*
- 18.37%
- 5Y*
- 4.77%
- 10Y*
- 9.20%
- ALL TIME*
- 6.83%
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 |
IPHYX vs. IJPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPHYX Voya High Yield Portfolio | 0.59% | 6.80% | 6.74% | 11.47% | -13.75% | 4.15% | 5.66% | 15.24% | -3.18% | 6.24% |
IJPIX VY JPMorgan Emerging Markets Equity Portfolio | 20.55% | 38.95% | 1.91% | 6.58% | -26.16% | -10.00% | 33.28% | 31.72% | -16.76% | 43.11% |
Correlation
The correlation between IPHYX and IJPIX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 4, 2004 | 0.39 |
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Return for Risk
IPHYX vs. IJPIX — Risk / Return Rank
IPHYX
IJPIX
IPHYX vs. IJPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Portfolio (IPHYX) and VY JPMorgan Emerging Markets Equity Portfolio (IJPIX). 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.
| IPHYX | IJPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.14 | -1.60 |
| Martin ratioReturn relative to average drawdown | 6.92 | 10.78 | -3.86 |
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Drawdowns
IPHYX vs. IJPIX - Drawdown Comparison
The maximum IPHYX drawdown since its inception was -32.43%, smaller than the maximum IJPIX drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for IPHYX and IJPIX.
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Drawdown Indicators
| IPHYX | IJPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -64.21% | +31.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -14.50% | +11.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -15.42% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -44.11% | +26.93% |
Max Drawdown (10Y)Largest decline over 10 years | -20.45% | -49.88% | +29.43% |
Current DrawdownCurrent decline from peak | -1.03% | -11.11% | +10.08% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -20.04% | +17.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 4.07% | -3.50% |
Volatility
IPHYX vs. IJPIX - Volatility Comparison
The current volatility for Voya High Yield Portfolio (IPHYX) is 0.65%, while VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) has a volatility of 10.33%. This indicates that IPHYX experiences smaller price fluctuations and is considered to be less risky than IJPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPHYX | IJPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 10.33% | -9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 22.03% | -19.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 24.86% | -21.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 20.32% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 19.95% | -14.47% |
IPHYX vs. IJPIX - Expense Ratio Comparison
IPHYX has a 0.73% expense ratio, which is lower than IJPIX's 1.51% expense ratio.
Dividends
IPHYX vs. IJPIX - Dividend Comparison
IPHYX's dividend yield for the trailing twelve months is around 4.17%, less than IJPIX's 20.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJPIX VY JPMorgan Emerging Markets Equity Portfolio | 20.80% | 25.88% | 0.82% | 1.67% | 42.85% | 8.66% | 5.75% | 5.37% | 0.66% | 0.40% | 1.15% | 9.47% |
IPHYX Voya High Yield Portfolio | 4.17% | 4.47% | 5.90% | 5.68% | 4.36% | 4.26% | 5.03% | 5.14% | 6.03% | 6.82% | 6.44% | 6.32% |
Frequently Asked Questions
IPHYX and IJPIX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJPIX has higher volatility (10.33%) compared to IPHYX (0.65%). In terms of maximum drawdown, IPHYX dropped -32.43% vs IJPIX's -64.21%.
IJPIX currently has the higher Sharpe Ratio (1.83 vs 1.15), 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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