IPLIX vs. INGIX

Last updated Aug 1, 2026

IPLIX (Voya Index Plus LargeCap Portfolio) and INGIX (Voya U.S. Stock Index Portfolio) are both Large Cap Blend Equities funds from Voya. Over the past 10 years, IPLIX returned 14.27%/yr vs 14.57%/yr for INGIX. Their correlation of 0.93 means they have usually moved in the same direction. IPLIX charges 0.55%/yr vs 0.27%/yr for INGIX.

Performance

IPLIX vs. INGIX - Performance Comparison

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

Returns By Period

In the year-to-date period, IPLIX achieves a 10.53% return, which is significantly higher than INGIX's 9.47% return. Both investments have delivered pretty close results over the past 10 years, with IPLIX having a 14.27% annualized return and INGIX not far ahead at 14.57%.

IPLIX

• 1D: 1.71%
• 1M: 0.53%
• 6M: 9.57%
• YTD: 10.53%
• 1Y: 19.49%
• 3Y*: 18.63%
• 5Y*: 12.03%
• 10Y*: 14.27%
• ALL TIME*: 9.64%

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%

*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
IPLIX Voya Index Plus LargeCap Portfolio	$0.00	$0.00	$0.00

IPLIX vs. INGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPLIX Voya Index Plus LargeCap Portfolio	10.53%	15.30%	25.20%	26.06%	-19.04%	29.01%	15.56%	29.67%	-6.79%	24.66%
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%

Correlation

The correlation between IPLIX and INGIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (10Y) Provides a long-term view across more market conditions.	0.99
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002	0.93

The correlation between IPLIX and INGIX has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.

Return for Risk

IPLIX vs. INGIX — Risk / Return Rank

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

IPLIX

IPLIX Risk / Return Rank: 64
IPLIX Sharpe Ratio Rank: 57
IPLIX Sortino Ratio Rank: 58
IPLIX Omega Ratio Rank: 55
IPLIX Calmar Ratio Rank: 68
IPLIX Martin Ratio Rank: 79

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

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.

IPLIX vs. INGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus LargeCap Portfolio (IPLIX) and Voya U.S. Stock Index Portfolio (INGIX). 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	INGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.03	+0.45
Sortino ratio: Return per unit of downside risk	2.15	1.55	+0.60
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.31	1.90	+0.40
Martin ratio: Return relative to average drawdown	9.81	7.56	+2.25

IPLIX vs. INGIX - Sharpe Ratio Comparison

The current IPLIX Sharpe Ratio is 1.49, which is higher than the INGIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of IPLIX and INGIX, 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. INGIX - Drawdown Comparison

The maximum IPLIX drawdown since its inception was -51.01%, smaller than the maximum INGIX drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IPLIX and INGIX.

Drawdown Indicators

	IPLIX	INGIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.01%	-55.38%	+4.37%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-9.53%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.56%	-19.08%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-24.69%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-35.40%	-33.84%	-1.56%
Current Drawdown Current decline from peak	-1.40%	-1.90%	+0.50%
Average Drawdown Average peak-to-trough decline	-9.91%	-8.13%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.31%	-0.27%

Volatility

IPLIX vs. INGIX - Volatility Comparison

Voya Index Plus LargeCap Portfolio (IPLIX) and Voya U.S. Stock Index Portfolio (INGIX) have volatilities of 3.63% and 3.49%, 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

	IPLIX	INGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	3.49%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	15.14%	-3.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	17.57%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	18.13%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	18.61%	+0.20%

IPLIX vs. INGIX - Expense Ratio Comparison

IPLIX has a 0.55% expense ratio, which is higher than INGIX's 0.27% expense ratio.

Dividends

IPLIX vs. INGIX - Dividend Comparison

IPLIX's dividend yield for the trailing twelve months is around 11.71%, less than INGIX's 65.18% 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%
IPLIX Voya Index Plus LargeCap Portfolio	11.71%	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 INGIX in my portfolio?

With a correlation of 0.98, IPLIX and INGIX 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, IPLIX or INGIX?

IPLIX has higher volatility (3.63%) compared to INGIX (3.49%). In terms of maximum drawdown, IPLIX dropped -51.01% vs INGIX's -55.38%.

Which has better risk-adjusted returns?

IPLIX currently has the higher Sharpe Ratio (1.49 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.