IPLIX vs. DHAMX

Last updated Jun 24, 2026

IPLIX (Voya Index Plus LargeCap Portfolio) and DHAMX (Centre American Select Equity Fund) are both Large Cap Blend Equities funds. Over the past 10 years, IPLIX returned 14.95%/yr vs 14.86%/yr for DHAMX. Their correlation of 0.86 suggests significant overlap in exposure. IPLIX charges 0.55%/yr vs 1.46%/yr for DHAMX.

Performance

IPLIX vs. DHAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Index Plus LargeCap Portfolio (IPLIX) and Centre American Select Equity Fund (DHAMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPLIX achieves a 9.76% return, which is significantly lower than DHAMX's 24.16% return. Both investments have delivered pretty close results over the past 10 years, with IPLIX having a 14.95% annualized return and DHAMX not far behind at 14.86%.

IPLIX

• 1D: -0.23%
• 1M: 0.53%
• YTD: 9.76%
• 6M: 8.53%
• 1Y: 24.51%
• 3Y*: 20.58%
• 5Y*: 12.73%
• 10Y*: 14.95%

DHAMX

• 1D: 0.79%
• 1M: 2.98%
• YTD: 24.16%
• 6M: 22.60%
• 1Y: 47.33%
• 3Y*: 16.22%
• 5Y*: 12.92%
• 10Y*: 14.86%

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

IPLIX vs. DHAMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPLIX Voya Index Plus LargeCap Portfolio	9.76%	15.30%	25.20%	26.06%	-19.04%	29.01%	15.56%	29.67%	-6.79%	24.66%
DHAMX Centre American Select Equity Fund	24.16%	19.37%	1.33%	14.91%	-3.34%	27.41%	30.79%	16.38%	-3.82%	25.26%

Correlation

The correlation between IPLIX and DHAMX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011	0.86

Over the past year, the correlation between IPLIX and DHAMX has dropped to 0.63 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

IPLIX vs. DHAMX — Risk / Return Rank

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

IPLIX

IPLIX Risk / Return Rank: 64
IPLIX Sharpe Ratio Rank: 58
IPLIX Sortino Ratio Rank: 57
IPLIX Omega Ratio Rank: 54
IPLIX Calmar Ratio Rank: 71
IPLIX Martin Ratio Rank: 78

DHAMX

DHAMX Risk / Return Rank: 91
DHAMX Sharpe Ratio Rank: 94
DHAMX Sortino Ratio Rank: 89
DHAMX Omega Ratio Rank: 84
DHAMX Calmar Ratio Rank: 93
DHAMX Martin Ratio Rank: 93

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.

IPLIX vs. DHAMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus LargeCap Portfolio (IPLIX) and Centre American Select Equity Fund (DHAMX). 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.

	IPLIX	DHAMX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	3.02	-0.96
Sortino ratio: Return per unit of downside risk	2.90	4.04	-1.13
Omega ratio: Gain probability vs. loss probability	1.37	1.52	-0.14
Calmar ratio: Return relative to maximum drawdown	3.13	4.93	-1.80
Martin ratio: Return relative to average drawdown	13.65	17.95	-4.30

IPLIX vs. DHAMX - Sharpe Ratio Comparison

The current IPLIX Sharpe Ratio is 2.06, which is lower than the DHAMX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of IPLIX and DHAMX, 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

IPLIX vs. DHAMX - Drawdown Comparison

The maximum IPLIX drawdown since its inception was -51.01%, which is greater than DHAMX's maximum drawdown of -28.47%. Use the drawdown chart below to compare losses from any high point for IPLIX and DHAMX.

Drawdown Indicators

	IPLIX	DHAMX	Difference
Max Drawdown Largest peak-to-trough decline	-51.01%	-28.47%	-22.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-9.84%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.56%	-28.47%	+8.91%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-28.47%	+3.69%
Max Drawdown (10Y) Largest decline over 10 years	-35.40%	-28.47%	-6.93%
Current Drawdown Current decline from peak	-1.47%	-0.24%	-1.23%
Average Drawdown Average peak-to-trough decline	-9.94%	-4.15%	-5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.70%	-0.72%

Volatility

IPLIX vs. DHAMX - Volatility Comparison

The current volatility for Voya Index Plus LargeCap Portfolio (IPLIX) is 4.78%, while Centre American Select Equity Fund (DHAMX) has a volatility of 5.86%. This indicates that IPLIX experiences smaller price fluctuations and is considered to be less risky than DHAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPLIX	DHAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	5.86%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	12.47%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	16.09%	-2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	17.73%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	17.43%	+1.42%

IPLIX vs. DHAMX - Expense Ratio Comparison

IPLIX has a 0.55% expense ratio, which is lower than DHAMX's 1.46% expense ratio.

Dividends

IPLIX vs. DHAMX - Dividend Comparison

IPLIX's dividend yield for the trailing twelve months is around 11.79%, less than DHAMX's 29.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHAMX Centre American Select Equity Fund	29.04%	36.05%	0.00%	2.58%	1.37%	16.31%	4.52%	9.94%	22.37%	13.14%	3.57%	11.03%
IPLIX Voya Index Plus LargeCap Portfolio	11.79%	10.85%	5.16%	2.88%	35.98%	7.06%	10.07%	9.90%	10.97%	3.12%	1.59%	1.61%

Frequently Asked Questions

Can I hold both IPLIX and DHAMX in my portfolio?

IPLIX and DHAMX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPLIX or DHAMX?

DHAMX has higher volatility (5.86%) compared to IPLIX (4.78%). In terms of maximum drawdown, IPLIX dropped -51.01% vs DHAMX's -28.47%.

Which has better risk-adjusted returns?

DHAMX currently has the higher Sharpe Ratio (3.02 vs 2.06), 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.