IPIRX vs. CENTX

Last updated Jun 4, 2026

IPIRX (Voya Global Perspectives Portfolio) and CENTX (Centerstone Investors Fund) are both Global Allocation funds. Over the past 5 years, IPIRX returned 4.43%/yr vs 3.19%/yr for CENTX. A 0.80 correlation means they provide meaningful diversification when combined. IPIRX charges 0.20%/yr vs 1.10%/yr for CENTX.

Performance

IPIRX vs. CENTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Global Perspectives Portfolio (IPIRX) and Centerstone Investors Fund (CENTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPIRX achieves a 6.84% return, which is significantly higher than CENTX's 2.97% return.

IPIRX

• 1D: 0.00%
• 1M: 2.01%
• YTD: 6.84%
• 6M: 7.17%
• 1Y: 16.10%
• 3Y*: 11.74%
• 5Y*: 4.43%
• 10Y*: 6.45%

CENTX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 2.97%
• 6M: 6.03%
• 1Y: 12.22%
• 3Y*: 9.21%
• 5Y*: 3.19%
• 10Y*: —

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

IPIRX vs. CENTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPIRX Voya Global Perspectives Portfolio	6.84%	14.21%	7.31%	10.65%	-17.52%	6.06%	16.10%	18.35%	-9.87%	14.55%
CENTX Centerstone Investors Fund	2.97%	24.41%	-0.04%	7.56%	-11.05%	10.67%	3.64%	17.70%	-9.14%	13.82%

Correlation

The correlation between IPIRX and CENTX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.80

Over the past year, the correlation between IPIRX and CENTX has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

IPIRX vs. CENTX — Risk / Return Rank

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

IPIRX

IPIRX Risk / Return Rank: 54
IPIRX Sharpe Ratio Rank: 54
IPIRX Sortino Ratio Rank: 61
IPIRX Omega Ratio Rank: 57
IPIRX Calmar Ratio Rank: 43
IPIRX Martin Ratio Rank: 56

CENTX

CENTX Risk / Return Rank: 50
CENTX Sharpe Ratio Rank: 39
CENTX Sortino Ratio Rank: 42
CENTX Omega Ratio Rank: 52
CENTX Calmar Ratio Rank: 59
CENTX Martin Ratio Rank: 59

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.

IPIRX vs. CENTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Perspectives Portfolio (IPIRX) and Centerstone Investors Fund (CENTX). 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.

	IPIRX	CENTX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.82	+0.36
Sortino ratio: Return per unit of downside risk	3.27	2.72	+0.55
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	2.48	2.96	-0.48
Martin ratio: Return relative to average drawdown	11.31	11.81	-0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPIRX vs. CENTX - Sharpe Ratio Comparison

The current IPIRX Sharpe Ratio is 2.18, which is comparable to the CENTX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IPIRX and CENTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IPIRX	CENTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	1.82	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.29	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.46	+0.15

Drawdowns

IPIRX vs. CENTX - Drawdown Comparison

The maximum IPIRX drawdown since its inception was -24.97%, smaller than the maximum CENTX drawdown of -35.29%. Use the drawdown chart below to compare losses from any high point for IPIRX and CENTX.

Drawdown Indicators

	IPIRX	CENTX	Difference
Max Drawdown Largest peak-to-trough decline	-24.97%	-35.29%	+10.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-4.56%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-10.54%	-14.22%	+3.68%
Max Drawdown (5Y) Largest decline over 5 years	-24.97%	-24.13%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-24.97%	—	—
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-4.85%	-6.12%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.10%	+0.57%

Volatility

IPIRX vs. CENTX - Volatility Comparison

Voya Global Perspectives Portfolio (IPIRX) has a higher volatility of 2.53% compared to Centerstone Investors Fund (CENTX) at 0.00%. This indicates that IPIRX's price experiences larger fluctuations and is considered to be riskier than CENTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPIRX	CENTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	0.00%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	7.32%	4.25%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	9.11%	7.44%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.82%	11.42%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.78%	12.98%	-3.20%

IPIRX vs. CENTX - Expense Ratio Comparison

IPIRX has a 0.20% expense ratio, which is lower than CENTX's 1.10% expense ratio.

Dividends

IPIRX vs. CENTX - Dividend Comparison

IPIRX's dividend yield for the trailing twelve months is around 44.20%, more than CENTX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CENTX Centerstone Investors Fund	4.41%	4.54%	2.39%	1.57%	1.72%	1.26%	0.69%	2.95%	3.46%	1.15%	0.00%	0.00%
IPIRX Voya Global Perspectives Portfolio	44.20%	5.64%	3.25%	14.65%	13.55%	6.34%	6.25%	7.80%	1.30%	2.78%	2.78%	7.16%

Frequently Asked Questions

Can I hold both IPIRX and CENTX in my portfolio?

IPIRX and CENTX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPIRX or CENTX?

IPIRX has higher volatility (2.53%) compared to CENTX (0.00%). In terms of maximum drawdown, IPIRX dropped -24.97% vs CENTX's -35.29%.

Which has better risk-adjusted returns?

IPIRX currently has the higher Sharpe Ratio (2.17 vs 1.82), 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.