IPMIX vs. LEXCX

Last updated Jun 24, 2026

IPMIX (Voya Index Plus MidCap Portfolio) and LEXCX (Voya Corporate Leaders Trust Fund) are both mutual funds - IPMIX is a Mid Cap Blend Equities fund managed by Voya, while LEXCX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IPMIX returned 11.02%/yr vs 11.73%/yr for LEXCX. A 0.77 correlation means they provide meaningful diversification when combined. IPMIX charges 0.60%/yr vs 0.52%/yr for LEXCX.

Performance

IPMIX vs. LEXCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Index Plus MidCap Portfolio (IPMIX) and Voya Corporate Leaders Trust Fund (LEXCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IPMIX having a 15.63% return and LEXCX slightly higher at 15.98%. Over the past 10 years, IPMIX has underperformed LEXCX with an annualized return of 11.02%, while LEXCX has yielded a comparatively higher 11.73% 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%

LEXCX

• 1D: 0.86%
• 1M: -2.86%
• YTD: 15.98%
• 6M: 15.38%
• 1Y: 18.10%
• 3Y*: 13.73%
• 5Y*: 11.28%
• 10Y*: 11.73%

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

IPMIX vs. LEXCX - 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%
LEXCX Voya Corporate Leaders Trust Fund	15.98%	7.04%	3.60%	14.53%	3.95%	26.77%	4.36%	21.43%	-5.44%	16.61%

Correlation

The correlation between IPMIX and LEXCX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Dec 17, 1997	0.77

Over the past year, the correlation between IPMIX and LEXCX has dropped to 0.26 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

IPMIX vs. LEXCX — Risk / Return Rank

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

IPMIX

IPMIX Risk / Return Rank: 37
IPMIX Sharpe Ratio Rank: 32
IPMIX Sortino Ratio Rank: 30
IPMIX Omega Ratio Rank: 41
IPMIX Calmar Ratio Rank: 46
IPMIX Martin Ratio Rank: 39

LEXCX

LEXCX Risk / Return Rank: 43
LEXCX Sharpe Ratio Rank: 31
LEXCX Sortino Ratio Rank: 34
LEXCX Omega Ratio Rank: 30
LEXCX Calmar Ratio Rank: 78
LEXCX Martin Ratio Rank: 40

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.

IPMIX vs. LEXCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus MidCap Portfolio (IPMIX) and Voya Corporate Leaders Trust Fund (LEXCX). 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	LEXCX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.49	+0.01
Sortino ratio: Return per unit of downside risk	2.08	2.25	-0.17
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.05
Calmar ratio: Return relative to maximum drawdown	2.47	3.36	-0.89
Martin ratio: Return relative to average drawdown	7.94	8.21	-0.27

IPMIX vs. LEXCX - Sharpe Ratio Comparison

The current IPMIX Sharpe Ratio is 1.50, which is comparable to the LEXCX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IPMIX and LEXCX, 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

IPMIX vs. LEXCX - Drawdown Comparison

The maximum IPMIX drawdown since its inception was -54.71%, which is greater than LEXCX's maximum drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for IPMIX and LEXCX.

Drawdown Indicators

	IPMIX	LEXCX	Difference
Max Drawdown Largest peak-to-trough decline	-54.71%	-50.42%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-6.22%	-6.45%
Max Drawdown (3Y) Largest decline over 3 years	-23.97%	-14.03%	-9.94%
Max Drawdown (5Y) Largest decline over 5 years	-24.28%	-19.75%	-4.53%
Max Drawdown (10Y) Largest decline over 10 years	-43.76%	-39.21%	-4.55%
Current Drawdown Current decline from peak	-6.34%	-4.80%	-1.54%
Average Drawdown Average peak-to-trough decline	-10.15%	-7.11%	-3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	2.50%	+1.28%

Volatility

IPMIX vs. LEXCX - Volatility Comparison

Voya Index Plus MidCap Portfolio (IPMIX) and Voya Corporate Leaders Trust Fund (LEXCX) have volatilities of 4.70% and 4.61%, 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

	IPMIX	LEXCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	4.61%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	17.64%	10.95%	+6.69%
Volatility (1Y) Calculated over the trailing 1-year period	20.85%	14.09%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.30%	16.52%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	19.02%	+3.08%

IPMIX vs. LEXCX - Expense Ratio Comparison

IPMIX has a 0.60% expense ratio, which is higher than LEXCX's 0.52% expense ratio.

Dividends

IPMIX vs. LEXCX - Dividend Comparison

IPMIX's dividend yield for the trailing twelve months is around 6.53%, more than LEXCX's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LEXCX Voya Corporate Leaders Trust Fund	1.42%	1.65%	1.66%	1.58%	1.65%	1.54%	1.91%	1.86%	2.03%	1.79%	3.93%	2.37%

Frequently Asked Questions

Can I hold both IPMIX and LEXCX in my portfolio?

IPMIX and LEXCX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPMIX or LEXCX?

IPMIX has higher volatility (4.70%) compared to LEXCX (4.61%). In terms of maximum drawdown, IPMIX dropped -54.71% vs LEXCX's -50.42%.

Which has better risk-adjusted returns?

IPMIX currently has the higher Sharpe Ratio (1.50 vs 1.49), 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.