IPHYX vs. IRGMX
IPHYX (Voya High Yield Portfolio) and IRGMX (Voya Retirement Moderate Growth Portfolio) are both mutual funds - IPHYX is a High Yield Bonds fund managed by Voya, while IRGMX is a Diversified Portfolio fund managed by Voya. Over the past 10 years, IPHYX returned 4.55%/yr vs 8.98%/yr for IRGMX. At a 0.46 correlation, their price movements are largely independent. IPHYX charges 0.73%/yr vs 0.26%/yr for IRGMX.
Performance
IPHYX vs. IRGMX - Performance Comparison
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Returns By Period
In the year-to-date period, IPHYX achieves a 1.17% return, which is significantly lower than IRGMX's 7.22% return. Over the past 10 years, IPHYX has underperformed IRGMX with an annualized return of 4.55%, while IRGMX has yielded a comparatively higher 8.98% annualized return.
IPHYX
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- 1.17%
- 6M
- 1.76%
- 1Y
- 5.00%
- 3Y*
- 7.34%
- 5Y*
- 2.58%
- 10Y*
- 4.55%
IRGMX
- 1D
- -0.19%
- 1M
- 0.76%
- YTD
- 7.22%
- 6M
- 6.67%
- 1Y
- 17.77%
- 3Y*
- 13.98%
- 5Y*
- 7.44%
- 10Y*
- 8.98%
IPHYX vs. IRGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPHYX Voya High Yield Portfolio | 1.17% | 6.80% | 6.74% | 11.47% | -13.75% | 4.15% | 5.66% | 15.24% | -3.18% | 6.24% |
IRGMX Voya Retirement Moderate Growth Portfolio | 7.22% | 14.26% | 12.89% | 15.88% | -16.04% | 14.38% | 13.54% | 20.44% | -8.06% | 15.10% |
Correlation
The correlation between IPHYX and IRGMX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2009 | 0.46 |
The correlation between IPHYX and IRGMX shifts across timeframes, from 0.46 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IPHYX vs. IRGMX — Risk / Return Rank
IPHYX
IRGMX
IPHYX vs. IRGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Portfolio (IPHYX) and Voya Retirement Moderate Growth Portfolio (IRGMX). 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 | IRGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.19 | -1.04 |
| Martin ratioReturn relative to average drawdown | 10.09 | 15.21 | -5.12 |
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Drawdowns
IPHYX vs. IRGMX - Drawdown Comparison
The maximum IPHYX drawdown since its inception was -32.43%, which is greater than IRGMX's maximum drawdown of -23.38%. Use the drawdown chart below to compare losses from any high point for IPHYX and IRGMX.
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Drawdown Indicators
| IPHYX | IRGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -23.38% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -6.35% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.81% | -11.12% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -21.53% | +4.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.45% | -23.38% | +2.93% |
Current DrawdownCurrent decline from peak | -0.23% | -0.75% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -3.39% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.28% | -0.74% |
Volatility
IPHYX vs. IRGMX - Volatility Comparison
The current volatility for Voya High Yield Portfolio (IPHYX) is 1.01%, while Voya Retirement Moderate Growth Portfolio (IRGMX) has a volatility of 3.18%. This indicates that IPHYX experiences smaller price fluctuations and is considered to be less risky than IRGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPHYX | IRGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 3.18% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 7.03% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 8.75% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 10.97% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 11.33% | -5.82% |
IPHYX vs. IRGMX - Expense Ratio Comparison
IPHYX has a 0.73% expense ratio, which is higher than IRGMX's 0.26% expense ratio.
Dividends
IPHYX vs. IRGMX - Dividend Comparison
IPHYX's dividend yield for the trailing twelve months is around 4.77%, less than IRGMX's 21.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPHYX Voya High Yield Portfolio | 4.77% | 4.47% | 5.90% | 5.68% | 4.36% | 4.26% | 5.03% | 5.14% | 6.03% | 6.82% | 6.44% | 6.32% |
IRGMX Voya Retirement Moderate Growth Portfolio | 21.44% | 22.99% | 7.83% | 9.72% | 17.03% | 6.44% | 6.69% | 8.86% | 8.13% | 9.42% | 11.83% | 5.09% |
Frequently Asked Questions
IPHYX and IRGMX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRGMX has higher volatility (3.18%) compared to IPHYX (1.01%). In terms of maximum drawdown, IPHYX dropped -32.43% vs IRGMX's -23.38%.
IRGMX currently has the higher Sharpe Ratio (2.32 vs 1.61), 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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