IRLNX vs. IIMOX

Last updated Jun 25, 2026

IRLNX (Voya Russell Large Cap Growth Index Portfolio) and IIMOX (Voya MidCap Opportunities Portfolio) are both mutual funds - IRLNX is a Large Cap Growth Equities fund managed by Voya, while IIMOX is a Mid Cap Growth Equities fund managed by Voya. Over the past 10 years, IRLNX returned 18.96%/yr vs 12.00%/yr for IIMOX. Their correlation of 0.85 suggests significant overlap in exposure. IRLNX charges 0.43%/yr vs 0.66%/yr for IIMOX.

Performance

IRLNX vs. IIMOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Russell Large Cap Growth Index Portfolio (IRLNX) and Voya MidCap Opportunities Portfolio (IIMOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRLNX achieves a 1.99% return, which is significantly lower than IIMOX's 7.00% return. Over the past 10 years, IRLNX has outperformed IIMOX with an annualized return of 18.96%, while IIMOX has yielded a comparatively lower 12.00% annualized return.

IRLNX

• 1D: -1.62%
• 1M: -4.31%
• YTD: 1.99%
• 6M: 0.55%
• 1Y: 17.70%
• 3Y*: 22.36%
• 5Y*: 14.09%
• 10Y*: 18.96%

IIMOX

• 1D: -1.97%
• 1M: 4.01%
• YTD: 7.00%
• 6M: 4.75%
• 1Y: 5.73%
• 3Y*: 12.45%
• 5Y*: 4.71%
• 10Y*: 12.00%

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

IRLNX vs. IIMOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRLNX Voya Russell Large Cap Growth Index Portfolio	1.99%	18.20%	34.60%	46.01%	-30.06%	30.63%	38.32%	35.61%	-2.02%	31.27%
IIMOX Voya MidCap Opportunities Portfolio	7.00%	3.84%	15.91%	23.54%	-22.65%	12.05%	41.21%	29.45%	-7.44%	25.08%

Correlation

The correlation between IRLNX and IIMOX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 4, 2009	0.85

The correlation between IRLNX and IIMOX shifts across timeframes, from 0.72 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IRLNX vs. IIMOX — Risk / Return Rank

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

IRLNX

IRLNX Risk / Return Rank: 21
IRLNX Sharpe Ratio Rank: 24
IRLNX Sortino Ratio Rank: 24
IRLNX Omega Ratio Rank: 23
IRLNX Calmar Ratio Rank: 16
IRLNX Martin Ratio Rank: 17

IIMOX

IIMOX Risk / Return Rank: 7
IIMOX Sharpe Ratio Rank: 7
IIMOX Sortino Ratio Rank: 7
IIMOX Omega Ratio Rank: 7
IIMOX Calmar Ratio Rank: 7
IIMOX Martin Ratio Rank: 7

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.

IRLNX vs. IIMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Russell Large Cap Growth Index Portfolio (IRLNX) and Voya MidCap Opportunities Portfolio (IIMOX). 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.

	IRLNX	IIMOX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.42	+0.83
Sortino ratio: Return per unit of downside risk	1.82	0.74	+1.08
Omega ratio: Gain probability vs. loss probability	1.22	1.08	+0.14
Calmar ratio: Return relative to maximum drawdown	1.29	0.47	+0.82
Martin ratio: Return relative to average drawdown	3.97	1.41	+2.56

IRLNX vs. IIMOX - Sharpe Ratio Comparison

The current IRLNX Sharpe Ratio is 1.25, which is higher than the IIMOX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of IRLNX and IIMOX, 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

IRLNX vs. IIMOX - Drawdown Comparison

The maximum IRLNX drawdown since its inception was -32.90%, smaller than the maximum IIMOX drawdown of -49.62%. Use the drawdown chart below to compare losses from any high point for IRLNX and IIMOX.

Drawdown Indicators

	IRLNX	IIMOX	Difference
Max Drawdown Largest peak-to-trough decline	-32.90%	-49.62%	+16.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.64%	-17.25%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-26.24%	+2.93%
Max Drawdown (5Y) Largest decline over 5 years	-32.90%	-38.63%	+5.73%
Max Drawdown (10Y) Largest decline over 10 years	-32.90%	-38.63%	+5.73%
Current Drawdown Current decline from peak	-7.10%	-1.97%	-5.13%
Average Drawdown Average peak-to-trough decline	-4.74%	-10.27%	+5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	5.54%	-0.39%

Volatility

IRLNX vs. IIMOX - Volatility Comparison

The current volatility for Voya Russell Large Cap Growth Index Portfolio (IRLNX) is 6.12%, while Voya MidCap Opportunities Portfolio (IIMOX) has a volatility of 7.21%. This indicates that IRLNX experiences smaller price fluctuations and is considered to be less risky than IIMOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRLNX	IIMOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	7.21%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	15.38%	-1.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	19.31%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	23.38%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	22.13%	-0.63%

IRLNX vs. IIMOX - Expense Ratio Comparison

IRLNX has a 0.43% expense ratio, which is lower than IIMOX's 0.66% expense ratio.

Dividends

IRLNX vs. IIMOX - Dividend Comparison

IRLNX's dividend yield for the trailing twelve months is around 20.25%, more than IIMOX's 9.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIMOX Voya MidCap Opportunities Portfolio	9.81%	10.50%	0.00%	0.00%	216.56%	14.45%	4.43%	12.33%	12.00%	5.41%	11.65%	17.54%
IRLNX Voya Russell Large Cap Growth Index Portfolio	20.25%	9.54%	3.55%	4.60%	11.22%	0.83%	4.18%	4.95%	3.70%	0.99%	1.23%	1.14%

Frequently Asked Questions

Can I hold both IRLNX and IIMOX in my portfolio?

IRLNX and IIMOX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRLNX or IIMOX?

IIMOX has higher volatility (7.21%) compared to IRLNX (6.12%). In terms of maximum drawdown, IRLNX dropped -32.90% vs IIMOX's -49.62%.

Which has better risk-adjusted returns?

IRLNX currently has the higher Sharpe Ratio (1.25 vs 0.42), 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.