IRGMX vs. SPY
Compare and contrast key facts about Voya Retirement Moderate Growth Portfolio (IRGMX) and State Street SPDR S&P 500 ETF (SPY).
IRGMX is managed by Voya. It was launched on Apr 27, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
IRGMX vs. SPY - Performance Comparison
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IRGMX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRGMX Voya Retirement Moderate Growth Portfolio | -2.13% | 14.26% | 12.89% | 15.88% | -16.04% | 14.38% | 13.54% | 20.44% | -8.06% | 15.10% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, IRGMX achieves a -2.13% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, IRGMX has underperformed SPY with an annualized return of 7.94%, while SPY has yielded a comparatively higher 14.06% annualized return.
IRGMX
- 1D
- 2.01%
- 1M
- -3.89%
- YTD
- -2.13%
- 6M
- -0.31%
- 1Y
- 12.55%
- 3Y*
- 11.60%
- 5Y*
- 6.31%
- 10Y*
- 7.94%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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IRGMX vs. SPY - Expense Ratio Comparison
IRGMX has a 0.26% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IRGMX vs. SPY — Risk / Return Rank
IRGMX
SPY
IRGMX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Moderate Growth Portfolio (IRGMX) and State Street SPDR S&P 500 ETF (SPY). 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.
| IRGMX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.96 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.49 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.53 | -0.33 |
Martin ratioReturn relative to average drawdown | 5.66 | 7.27 | -1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRGMX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.96 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.79 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.56 | +0.14 |
Correlation
The correlation between IRGMX and SPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IRGMX vs. SPY - Dividend Comparison
IRGMX's dividend yield for the trailing twelve months is around 23.49%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRGMX Voya Retirement Moderate Growth Portfolio | 23.49% | 22.99% | 7.83% | 9.72% | 17.03% | 6.44% | 6.69% | 8.86% | 8.13% | 9.42% | 11.83% | 5.09% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
IRGMX vs. SPY - Drawdown Comparison
The maximum IRGMX drawdown since its inception was -23.38%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IRGMX and SPY.
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Drawdown Indicators
| IRGMX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.38% | -55.19% | +31.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -12.05% | +4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -24.50% | +2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -23.38% | -33.72% | +10.34% |
Current DrawdownCurrent decline from peak | -4.46% | -5.53% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -9.09% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.54% | -0.56% |
Volatility
IRGMX vs. SPY - Volatility Comparison
The current volatility for Voya Retirement Moderate Growth Portfolio (IRGMX) is 3.37%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that IRGMX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRGMX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 5.35% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 9.50% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 19.06% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 17.06% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 17.92% | -6.64% |