IRCPX vs. INGIX

Last updated Jun 4, 2026

IRCPX (Voya Retirement Conservative Portfolio) and INGIX (Voya U.S. Stock Index Portfolio) are both mutual funds - IRCPX is a Diversified Portfolio fund managed by Voya, while INGIX is a Large Cap Blend Equities fund managed by Voya. Over the past 10 years, IRCPX returned 4.51%/yr vs 15.21%/yr for INGIX. A 0.74 correlation means they provide meaningful diversification when combined. IRCPX charges 0.28%/yr vs 0.27%/yr for INGIX.

Performance

IRCPX vs. INGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Retirement Conservative Portfolio (IRCPX) 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, IRCPX achieves a 3.61% return, which is significantly lower than INGIX's 11.59% return. Over the past 10 years, IRCPX has underperformed INGIX with an annualized return of 4.51%, while INGIX has yielded a comparatively higher 15.21% annualized return.

IRCPX

• 1D: 0.13%
• 1M: 1.84%
• YTD: 3.61%
• 6M: 3.75%
• 1Y: 10.61%
• 3Y*: 8.04%
• 5Y*: 3.11%
• 10Y*: 4.51%

INGIX

• 1D: 0.13%
• 1M: 5.76%
• YTD: 11.59%
• 6M: 10.07%
• 1Y: 26.86%
• 3Y*: 21.89%
• 5Y*: 13.66%
• 10Y*: 15.21%

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

IRCPX vs. INGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRCPX Voya Retirement Conservative Portfolio	3.61%	9.54%	5.85%	9.09%	-13.69%	4.87%	10.77%	13.81%	-4.66%	7.82%
INGIX Voya U.S. Stock Index Portfolio	11.59%	15.88%	24.71%	26.04%	-18.40%	28.33%	18.07%	31.15%	-4.62%	21.49%

Correlation

The correlation between IRCPX and INGIX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 10, 2009	0.74

The correlation between IRCPX and INGIX shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IRCPX vs. INGIX — Risk / Return Rank

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

IRCPX

IRCPX Risk / Return Rank: 80
IRCPX Sharpe Ratio Rank: 82
IRCPX Sortino Ratio Rank: 85
IRCPX Omega Ratio Rank: 81
IRCPX Calmar Ratio Rank: 73
IRCPX Martin Ratio Rank: 79

INGIX

INGIX Risk / Return Rank: 55
INGIX Sharpe Ratio Rank: 40
INGIX Sortino Ratio Rank: 38
INGIX Omega Ratio Rank: 57
INGIX Calmar Ratio Rank: 72
INGIX Martin Ratio Rank: 71

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.

IRCPX vs. INGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Conservative Portfolio (IRCPX) 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.

	IRCPX	INGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	1.83	+0.85
Sortino ratio: Return per unit of downside risk	4.06	2.58	+1.48
Omega ratio: Gain probability vs. loss probability	1.54	1.42	+0.12
Calmar ratio: Return relative to maximum drawdown	3.31	3.27	+0.04
Martin ratio: Return relative to average drawdown	14.74	13.66	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IRCPX vs. INGIX - Sharpe Ratio Comparison

The current IRCPX Sharpe Ratio is 2.68, which is higher than the INGIX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of IRCPX 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.

Sharpe Ratios by Period

	IRCPX	INGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.83	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.78	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.83	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.47	+0.44

Drawdowns

IRCPX vs. INGIX - Drawdown Comparison

The maximum IRCPX drawdown since its inception was -17.75%, smaller than the maximum INGIX drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IRCPX and INGIX.

Drawdown Indicators

	IRCPX	INGIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-55.38%	+37.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	-9.53%	+5.99%
Max Drawdown (3Y) Largest decline over 3 years	-5.29%	-19.08%	+13.79%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-24.69%	+6.94%
Max Drawdown (10Y) Largest decline over 10 years	-17.75%	-33.84%	+16.09%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.41%	-8.18%	+5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	2.17%	-1.40%

Volatility

IRCPX vs. INGIX - Volatility Comparison

The current volatility for Voya Retirement Conservative Portfolio (IRCPX) is 1.70%, while Voya U.S. Stock Index Portfolio (INGIX) has a volatility of 11.84%. This indicates that IRCPX experiences smaller price fluctuations and is considered to be less risky than INGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRCPX	INGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	11.84%	-10.14%
Volatility (6M) Calculated over the trailing 6-month period	3.51%	14.54%	-11.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	16.99%	-12.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	18.02%	-11.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.82%	18.60%	-12.78%

IRCPX vs. INGIX - Expense Ratio Comparison

IRCPX has a 0.28% expense ratio, which is higher than INGIX's 0.27% expense ratio.

Dividends

IRCPX vs. INGIX - Dividend Comparison

IRCPX's dividend yield for the trailing twelve months is around 16.57%, more than INGIX's 9.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INGIX Voya U.S. Stock Index Portfolio	9.55%	10.66%	9.12%	11.02%	12.95%	10.29%	5.21%	6.82%	8.29%	6.30%	7.74%	11.51%
IRCPX Voya Retirement Conservative Portfolio	16.57%	17.17%	4.99%	4.01%	13.97%	4.50%	4.29%	4.59%	2.93%	3.78%	3.95%	5.67%

Frequently Asked Questions

Can I hold both IRCPX and INGIX in my portfolio?

IRCPX and INGIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRCPX or INGIX?

INGIX has higher volatility (11.84%) compared to IRCPX (1.70%). In terms of maximum drawdown, IRCPX dropped -17.75% vs INGIX's -55.38%.

Which has better risk-adjusted returns?

IRCPX currently has the higher Sharpe Ratio (2.68 vs 1.83), 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.