IRLNX vs. ISWIX

Last updated Jun 25, 2026

IRLNX (Voya Russell Large Cap Growth Index Portfolio) and ISWIX (Voya Solution Income Portfolio) are both mutual funds - IRLNX is a Large Cap Growth Equities fund managed by Voya, while ISWIX is a Target Retirement Date fund managed by Voya. Over the past 10 years, IRLNX returned 18.96%/yr vs 5.61%/yr for ISWIX. A 0.78 correlation means they provide meaningful diversification when combined. IRLNX charges 0.43%/yr vs 0.25%/yr for ISWIX.

Performance

IRLNX vs. ISWIX - 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 Solution Income Portfolio (ISWIX). 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 ISWIX's 3.91% return. Over the past 10 years, IRLNX has outperformed ISWIX with an annualized return of 18.96%, while ISWIX has yielded a comparatively lower 5.61% 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%

ISWIX

• 1D: -0.60%
• 1M: 0.17%
• YTD: 3.91%
• 6M: 3.63%
• 1Y: 10.06%
• 3Y*: 9.03%
• 5Y*: 3.57%
• 10Y*: 5.61%

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

IRLNX vs. ISWIX - 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%
ISWIX Voya Solution Income Portfolio	3.91%	11.26%	6.47%	10.89%	-14.74%	6.70%	12.19%	13.37%	-2.80%	9.66%

Correlation

The correlation between IRLNX and ISWIX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 4, 2009	0.78

The correlation between IRLNX and ISWIX shifts across timeframes, from 0.60 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IRLNX vs. ISWIX — 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

ISWIX

ISWIX Risk / Return Rank: 68
ISWIX Sharpe Ratio Rank: 67
ISWIX Sortino Ratio Rank: 73
ISWIX Omega Ratio Rank: 67
ISWIX Calmar Ratio Rank: 63
ISWIX Martin Ratio Rank: 72

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. ISWIX - 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 Solution Income Portfolio (ISWIX). 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	ISWIX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.01	-0.75
Sortino ratio: Return per unit of downside risk	1.82	3.01	-1.20
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.16
Calmar ratio: Return relative to maximum drawdown	1.29	2.67	-1.38
Martin ratio: Return relative to average drawdown	3.97	11.75	-7.78

IRLNX vs. ISWIX - Sharpe Ratio Comparison

The current IRLNX Sharpe Ratio is 1.25, which is lower than the ISWIX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IRLNX and ISWIX, 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. ISWIX - Drawdown Comparison

The maximum IRLNX drawdown since its inception was -32.90%, which is greater than ISWIX's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for IRLNX and ISWIX.

Drawdown Indicators

	IRLNX	ISWIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.90%	-27.14%	-5.76%
Max Drawdown (1Y) Largest decline over 1 year	-16.64%	-4.42%	-12.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-6.47%	-16.84%
Max Drawdown (5Y) Largest decline over 5 years	-32.90%	-18.78%	-14.12%
Max Drawdown (10Y) Largest decline over 10 years	-32.90%	-18.78%	-14.12%
Current Drawdown Current decline from peak	-7.10%	-1.10%	-6.00%
Average Drawdown Average peak-to-trough decline	-4.74%	-3.02%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	0.97%	+4.18%

Volatility

IRLNX vs. ISWIX - Volatility Comparison

Voya Russell Large Cap Growth Index Portfolio (IRLNX) has a higher volatility of 6.12% compared to Voya Solution Income Portfolio (ISWIX) at 2.32%. This indicates that IRLNX's price experiences larger fluctuations and is considered to be riskier than ISWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRLNX	ISWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	2.32%	+3.80%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	4.80%	+8.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	5.90%	+11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	7.03%	+15.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	6.58%	+14.92%

IRLNX vs. ISWIX - Expense Ratio Comparison

IRLNX has a 0.43% expense ratio, which is higher than ISWIX's 0.25% expense ratio.

Dividends

IRLNX vs. ISWIX - Dividend Comparison

IRLNX's dividend yield for the trailing twelve months is around 20.25%, more than ISWIX's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ISWIX Voya Solution Income Portfolio	3.71%	3.85%	2.99%	4.17%	17.41%	6.86%	2.76%	5.10%	5.54%	2.79%	2.38%	6.99%

Frequently Asked Questions

Can I hold both IRLNX and ISWIX in my portfolio?

IRLNX and ISWIX have a correlation of 0.62, 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 ISWIX?

IRLNX has higher volatility (6.12%) compared to ISWIX (2.32%). In terms of maximum drawdown, IRLNX dropped -32.90% vs ISWIX's -27.14%.

Which has better risk-adjusted returns?

ISWIX currently has the higher Sharpe Ratio (2.01 vs 1.25), 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.