IPSIX vs. IFTIX

Last updated Jun 25, 2026

IPSIX (Voya Index Plus SmallCap Portfolio) and IFTIX (Voya International High Dividend Low Volatility Portfolio) are both mutual funds - IPSIX is a Small Cap Blend Equities fund managed by Voya, while IFTIX is a Foreign Large Cap Equities fund managed by Voya. Over the past 10 years, IPSIX returned 10.80%/yr vs 9.42%/yr for IFTIX. A 0.70 correlation means they provide meaningful diversification when combined. IPSIX charges 0.60%/yr vs 0.72%/yr for IFTIX.

Performance

IPSIX vs. IFTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Index Plus SmallCap Portfolio (IPSIX) and Voya International High Dividend Low Volatility Portfolio (IFTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPSIX achieves a 20.87% return, which is significantly higher than IFTIX's 6.53% return. Over the past 10 years, IPSIX has outperformed IFTIX with an annualized return of 10.80%, while IFTIX has yielded a comparatively lower 9.42% annualized return.

IPSIX

• 1D: -0.58%
• 1M: 4.47%
• YTD: 20.87%
• 6M: 18.01%
• 1Y: 36.87%
• 3Y*: 17.75%
• 5Y*: 8.45%
• 10Y*: 10.80%

IFTIX

• 1D: -0.78%
• 1M: -1.35%
• YTD: 6.53%
• 6M: 6.29%
• 1Y: 17.46%
• 3Y*: 19.17%
• 5Y*: 10.73%
• 10Y*: 9.42%

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

IPSIX vs. IFTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPSIX Voya Index Plus SmallCap Portfolio	20.87%	8.46%	8.64%	18.17%	-13.82%	28.42%	5.25%	21.07%	-12.34%	9.94%
IFTIX Voya International High Dividend Low Volatility Portfolio	6.53%	37.73%	7.31%	14.73%	-8.89%	12.10%	-0.52%	16.67%	-14.95%	22.34%

Correlation

The correlation between IPSIX and IFTIX 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	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.70

The correlation between IPSIX and IFTIX shifts across timeframes, from 0.52 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IPSIX vs. IFTIX — Risk / Return Rank

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

IPSIX

IPSIX Risk / Return Rank: 86
IPSIX Sharpe Ratio Rank: 85
IPSIX Sortino Ratio Rank: 84
IPSIX Omega Ratio Rank: 70
IPSIX Calmar Ratio Rank: 96
IPSIX Martin Ratio Rank: 95

IFTIX

IFTIX Risk / Return Rank: 42
IFTIX Sharpe Ratio Rank: 41
IFTIX Sortino Ratio Rank: 40
IFTIX Omega Ratio Rank: 40
IFTIX Calmar Ratio Rank: 47
IFTIX 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.

IPSIX vs. IFTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus SmallCap Portfolio (IPSIX) and Voya International High Dividend Low Volatility Portfolio (IFTIX). 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.

	IPSIX	IFTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.68	+0.77
Sortino ratio: Return per unit of downside risk	3.51	2.38	+1.13
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	5.65	2.42	+3.23
Martin ratio: Return relative to average drawdown	18.77	7.84	+10.93

IPSIX vs. IFTIX - Sharpe Ratio Comparison

The current IPSIX Sharpe Ratio is 2.45, which is higher than the IFTIX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of IPSIX and IFTIX, 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

IPSIX vs. IFTIX - Drawdown Comparison

The maximum IPSIX drawdown since its inception was -58.01%, roughly equal to the maximum IFTIX drawdown of -57.91%. Use the drawdown chart below to compare losses from any high point for IPSIX and IFTIX.

Drawdown Indicators

	IPSIX	IFTIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.01%	-57.91%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-8.44%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-26.60%	-10.20%	-16.40%
Max Drawdown (5Y) Largest decline over 5 years	-26.60%	-25.56%	-1.04%
Max Drawdown (10Y) Largest decline over 10 years	-47.92%	-37.08%	-10.84%
Current Drawdown Current decline from peak	-0.58%	-3.22%	+2.64%
Average Drawdown Average peak-to-trough decline	-9.69%	-11.53%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.49%	-0.22%

Volatility

IPSIX vs. IFTIX - Volatility Comparison

Voya Index Plus SmallCap Portfolio (IPSIX) has a higher volatility of 5.14% compared to Voya International High Dividend Low Volatility Portfolio (IFTIX) at 2.68%. This indicates that IPSIX's price experiences larger fluctuations and is considered to be riskier than IFTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPSIX	IFTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	2.68%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	9.41%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	12.15%	+5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	13.47%	+8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.73%	14.53%	+9.20%

IPSIX vs. IFTIX - Expense Ratio Comparison

IPSIX has a 0.60% expense ratio, which is lower than IFTIX's 0.72% expense ratio.

Dividends

IPSIX vs. IFTIX - Dividend Comparison

IPSIX's dividend yield for the trailing twelve months is around 9.04%, less than IFTIX's 43.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFTIX Voya International High Dividend Low Volatility Portfolio	43.45%	5.45%	4.88%	4.42%	4.87%	2.41%	17.71%	10.80%	2.45%	1.89%	3.45%	4.29%
IPSIX Voya Index Plus SmallCap Portfolio	9.04%	5.72%	4.44%	4.20%	19.88%	0.65%	1.98%	16.87%	18.12%	9.69%	3.19%	0.93%

Frequently Asked Questions

Can I hold both IPSIX and IFTIX in my portfolio?

IPSIX and IFTIX 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.

Which is riskier, IPSIX or IFTIX?

IPSIX has higher volatility (5.14%) compared to IFTIX (2.68%). In terms of maximum drawdown, IPSIX dropped -58.01% vs IFTIX's -57.91%.

Which has better risk-adjusted returns?

IPSIX currently has the higher Sharpe Ratio (2.45 vs 1.68), 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.