IPMIX vs. QCGDX

Last updated Aug 1, 2026

IPMIX (Voya Index Plus MidCap Portfolio) and QCGDX (Quantified Common Ground Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, IPMIX returned 8.95%/yr vs 7.37%/yr for QCGDX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. IPMIX charges 0.60%/yr vs 1.68%/yr for QCGDX.

Performance

IPMIX vs. QCGDX - Performance Comparison

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

Returns By Period

In the year-to-date period, IPMIX achieves a 15.43% return, which is significantly higher than QCGDX's 10.59% return.

IPMIX

• 1D: 1.10%
• 1M: 0.04%
• 6M: 11.79%
• YTD: 15.43%
• 1Y: 23.10%
• 3Y*: 14.16%
• 5Y*: 8.95%
• 10Y*: 10.26%
• ALL TIME*: 9.91%

QCGDX

• 1D: 2.98%
• 1M: -0.60%
• 6M: 7.23%
• YTD: 10.59%
• 1Y: 14.86%
• 3Y*: 8.67%
• 5Y*: 7.37%
• 10Y*: —
• ALL TIME*: 10.03%

*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)
IPMIX Voya Index Plus MidCap Portfolio	$0.00	$0.00	$0.00
QCGDX Quantified Common Ground Fund	$0.00	$0.00	$0.00

IPMIX vs. QCGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IPMIX Voya Index Plus MidCap Portfolio	15.43%	8.27%	15.17%	17.49%	-14.10%	27.70%	8.18%	0.00%
QCGDX Quantified Common Ground Fund	10.59%	1.02%	9.87%	14.74%	-12.23%	32.19%	14.65%	0.10%

Correlation

The correlation between IPMIX and QCGDX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019	0.77

The correlation between IPMIX and QCGDX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

IPMIX vs. QCGDX — Risk / Return Rank

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

IPMIX

IPMIX Risk / Return Rank: 41
IPMIX Sharpe Ratio Rank: 36
IPMIX Sortino Ratio Rank: 36
IPMIX Omega Ratio Rank: 50
IPMIX Calmar Ratio Rank: 49
IPMIX Martin Ratio Rank: 35

QCGDX

QCGDX Risk / Return Rank: 32
QCGDX Sharpe Ratio Rank: 28
QCGDX Sortino Ratio Rank: 28
QCGDX Omega Ratio Rank: 29
QCGDX Calmar Ratio Rank: 36
QCGDX Martin Ratio Rank: 39

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.

IPMIX vs. QCGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus MidCap Portfolio (IPMIX) and Quantified Common Ground Fund (QCGDX). 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	QCGDX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	0.96	+0.19
Sortino ratio: Return per unit of downside risk	1.66	1.41	+0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	1.87	1.57	+0.30
Martin ratio: Return relative to average drawdown	5.27	5.84	-0.57

IPMIX vs. QCGDX - Sharpe Ratio Comparison

The current IPMIX Sharpe Ratio is 1.15, which is comparable to the QCGDX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of IPMIX and QCGDX, 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. QCGDX - Drawdown Comparison

The maximum IPMIX drawdown since its inception was -54.71%, which is greater than QCGDX's maximum drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for IPMIX and QCGDX.

Drawdown Indicators

	IPMIX	QCGDX	Difference
Max Drawdown Largest peak-to-trough decline	-54.71%	-22.37%	-32.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-9.38%	-3.29%
Max Drawdown (3Y) Largest decline over 3 years	-23.97%	-16.10%	-7.87%
Max Drawdown (5Y) Largest decline over 5 years	-24.28%	-20.18%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	-43.76%	—	—
Current Drawdown Current decline from peak	-6.50%	-6.69%	+0.19%
Average Drawdown Average peak-to-trough decline	-10.14%	-6.09%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	2.51%	+1.83%

Volatility

IPMIX vs. QCGDX - Volatility Comparison

The current volatility for Voya Index Plus MidCap Portfolio (IPMIX) is 3.62%, while Quantified Common Ground Fund (QCGDX) has a volatility of 6.32%. This indicates that IPMIX experiences smaller price fluctuations and is considered to be less risky than QCGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPMIX	QCGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	6.32%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	17.60%	13.27%	+4.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	15.29%	+5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.23%	15.17%	+6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	16.73%	+5.30%

IPMIX vs. QCGDX - Expense Ratio Comparison

IPMIX has a 0.60% expense ratio, which is lower than QCGDX's 1.68% expense ratio.

Dividends

IPMIX vs. QCGDX - Dividend Comparison

IPMIX's dividend yield for the trailing twelve months is around 6.54%, more than QCGDX's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPMIX Voya Index Plus MidCap Portfolio	6.54%	7.59%	4.15%	4.66%	29.03%	1.13%	1.20%	10.96%	16.62%	7.62%	10.43%	17.41%
QCGDX Quantified Common Ground Fund	0.63%	0.69%	4.42%	0.22%	0.00%	5.44%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IPMIX and QCGDX in my portfolio?

IPMIX and QCGDX have a correlation of 0.69, 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 QCGDX?

QCGDX has higher volatility (6.32%) compared to IPMIX (3.62%). In terms of maximum drawdown, IPMIX dropped -54.71% vs QCGDX's -22.37%.

Which has better risk-adjusted returns?

IPMIX currently has the higher Sharpe Ratio (1.15 vs 0.96), 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.