IPMIX vs. IPHYX
IPMIX (Voya Index Plus MidCap Portfolio) and IPHYX (Voya High Yield Portfolio) are both mutual funds - IPMIX is a Mid Cap Blend Equities fund managed by Voya, while IPHYX is a High Yield Bonds fund managed by Voya. Over the past 10 years, IPMIX returned 11.02%/yr vs 4.55%/yr for IPHYX. At a 0.35 correlation, their price movements are largely independent. IPMIX charges 0.60%/yr vs 0.73%/yr for IPHYX.
Performance
IPMIX vs. IPHYX - Performance Comparison
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Returns By Period
In the year-to-date period, IPMIX achieves a 15.63% return, which is significantly higher than IPHYX's 1.17% return. Over the past 10 years, IPMIX has outperformed IPHYX with an annualized return of 11.02%, while IPHYX has yielded a comparatively lower 4.55% annualized return.
IPMIX
- 1D
- 0.70%
- 1M
- 3.96%
- YTD
- 15.63%
- 6M
- 13.59%
- 1Y
- 26.62%
- 3Y*
- 17.33%
- 5Y*
- 9.49%
- 10Y*
- 11.02%
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%
IPMIX vs. IPHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPMIX Voya Index Plus MidCap Portfolio | 15.63% | 8.27% | 15.17% | 17.49% | -14.10% | 27.70% | 8.18% | 26.62% | -14.34% | 13.66% |
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% |
Correlation
The correlation between IPMIX and IPHYX is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 4, 2004 | 0.35 |
The correlation between IPMIX and IPHYX shifts across timeframes, from 0.35 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IPMIX vs. IPHYX — Risk / Return Rank
IPMIX
IPHYX
IPMIX vs. IPHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus MidCap Portfolio (IPMIX) and Voya High Yield Portfolio (IPHYX). 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.
| IPMIX | IPHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.15 | +0.31 |
| Martin ratioReturn relative to average drawdown | 7.94 | 10.09 | -2.14 |
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Drawdowns
IPMIX vs. IPHYX - Drawdown Comparison
The maximum IPMIX drawdown since its inception was -54.71%, which is greater than IPHYX's maximum drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for IPMIX and IPHYX.
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Drawdown Indicators
| IPMIX | IPHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.71% | -32.43% | -22.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -2.62% | -10.05% |
Max Drawdown (3Y)Largest decline over 3 years | -23.97% | -3.81% | -20.16% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -17.18% | -7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -43.76% | -20.45% | -23.31% |
Current DrawdownCurrent decline from peak | -6.34% | -0.23% | -6.11% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -2.78% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 0.54% | +3.24% |
Volatility
IPMIX vs. IPHYX - Volatility Comparison
Voya Index Plus MidCap Portfolio (IPMIX) has a higher volatility of 4.70% compared to Voya High Yield Portfolio (IPHYX) at 1.01%. This indicates that IPMIX's price experiences larger fluctuations and is considered to be riskier than IPHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPMIX | IPHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 1.01% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 2.77% | +14.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.85% | 3.53% | +17.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.30% | 5.22% | +16.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 5.51% | +16.59% |
IPMIX vs. IPHYX - Expense Ratio Comparison
IPMIX has a 0.60% expense ratio, which is lower than IPHYX's 0.73% expense ratio.
Dividends
IPMIX vs. IPHYX - Dividend Comparison
IPMIX's dividend yield for the trailing twelve months is around 6.53%, more than IPHYX's 4.77% 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% |
IPMIX Voya Index Plus MidCap Portfolio | 6.53% | 7.59% | 4.15% | 4.66% | 29.03% | 1.13% | 1.20% | 10.96% | 16.62% | 7.62% | 10.43% | 17.41% |
Frequently Asked Questions
IPMIX and IPHYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPMIX has higher volatility (4.70%) compared to IPHYX (1.01%). In terms of maximum drawdown, IPMIX dropped -54.71% vs IPHYX's -32.43%.
IPHYX currently has the higher Sharpe Ratio (1.61 vs 1.50), 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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