IRMIX vs. ATLAX

Last updated Jun 23, 2026

IRMIX (Voya Retirement Moderate Portfolio) and ATLAX (Atlas U.S. Tactical Income Fund) are both Diversified Portfolio funds from Voya. Over the past 10 years, IRMIX returned 6.62%/yr vs -0.19%/yr for ATLAX. A 0.70 correlation means they provide meaningful diversification when combined. IRMIX charges 0.27%/yr vs 1.18%/yr for ATLAX.

Performance

IRMIX vs. ATLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Retirement Moderate Portfolio (IRMIX) and Atlas U.S. Tactical Income Fund (ATLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRMIX achieves a 5.35% return, which is significantly higher than ATLAX's 0.42% return. Over the past 10 years, IRMIX has outperformed ATLAX with an annualized return of 6.62%, while ATLAX has yielded a comparatively lower -0.19% annualized return.

IRMIX

• 1D: 0.66%
• 1M: 0.85%
• YTD: 5.35%
• 6M: 5.35%
• 1Y: 14.10%
• 3Y*: 10.20%
• 5Y*: 5.01%
• 10Y*: 6.62%

ATLAX

• 1D: 0.00%
• 1M: 1.13%
• YTD: 0.42%
• 6M: 0.60%
• 1Y: 9.83%
• 3Y*: 8.17%
• 5Y*: -0.40%
• 10Y*: -0.19%

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

IRMIX vs. ATLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRMIX Voya Retirement Moderate Portfolio	5.35%	12.07%	8.18%	11.66%	-14.89%	10.03%	12.48%	17.58%	-6.85%	12.23%
ATLAX Atlas U.S. Tactical Income Fund	0.42%	13.62%	4.51%	9.92%	-23.76%	-1.25%	1.46%	4.27%	-8.13%	2.39%

Correlation

The correlation between IRMIX and ATLAX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015	0.70

The correlation between IRMIX and ATLAX shifts across timeframes, from 0.57 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IRMIX vs. ATLAX — Risk / Return Rank

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

IRMIX

IRMIX Risk / Return Rank: 78
IRMIX Sharpe Ratio Rank: 78
IRMIX Sortino Ratio Rank: 80
IRMIX Omega Ratio Rank: 77
IRMIX Calmar Ratio Rank: 73
IRMIX Martin Ratio Rank: 84

ATLAX

ATLAX Risk / Return Rank: 39
ATLAX Sharpe Ratio Rank: 38
ATLAX Sortino Ratio Rank: 39
ATLAX Omega Ratio Rank: 39
ATLAX Calmar Ratio Rank: 36
ATLAX Martin Ratio Rank: 41

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.

IRMIX vs. ATLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Moderate Portfolio (IRMIX) and Atlas U.S. Tactical Income Fund (ATLAX). 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.

	IRMIX	ATLAX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.67	+0.70
Sortino ratio: Return per unit of downside risk	3.50	2.44	+1.06
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.14
Calmar ratio: Return relative to maximum drawdown	3.15	2.15	+1.01
Martin ratio: Return relative to average drawdown	14.64	8.35	+6.29

IRMIX vs. ATLAX - Sharpe Ratio Comparison

The current IRMIX Sharpe Ratio is 2.37, which is higher than the ATLAX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of IRMIX and ATLAX, 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

IRMIX vs. ATLAX - Drawdown Comparison

The maximum IRMIX drawdown since its inception was -19.50%, smaller than the maximum ATLAX drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for IRMIX and ATLAX.

Drawdown Indicators

	IRMIX	ATLAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-39.28%	+19.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.84%	-4.66%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-11.47%	+4.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.50%	-31.49%	+11.99%
Max Drawdown (10Y) Largest decline over 10 years	-19.50%	-39.28%	+19.78%
Current Drawdown Current decline from peak	-0.37%	-14.13%	+13.76%
Average Drawdown Average peak-to-trough decline	-2.95%	-14.57%	+11.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	1.20%	-0.20%

Volatility

IRMIX vs. ATLAX - Volatility Comparison

Voya Retirement Moderate Portfolio (IRMIX) has a higher volatility of 2.53% compared to Atlas U.S. Tactical Income Fund (ATLAX) at 2.15%. This indicates that IRMIX's price experiences larger fluctuations and is considered to be riskier than ATLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRMIX	ATLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.15%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	5.25%	4.76%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	5.99%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.98%	8.97%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	16.46%	-8.00%

IRMIX vs. ATLAX - Expense Ratio Comparison

IRMIX has a 0.27% expense ratio, which is lower than ATLAX's 1.18% expense ratio.

Dividends

IRMIX vs. ATLAX - Dividend Comparison

IRMIX's dividend yield for the trailing twelve months is around 10.61%, more than ATLAX's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATLAX Atlas U.S. Tactical Income Fund	4.97%	4.68%	5.15%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IRMIX Voya Retirement Moderate Portfolio	10.61%	11.18%	5.94%	6.51%	15.75%	6.33%	5.57%	6.59%	4.80%	7.60%	7.39%	9.23%

Frequently Asked Questions

Can I hold both IRMIX and ATLAX in my portfolio?

IRMIX and ATLAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRMIX or ATLAX?

IRMIX has higher volatility (2.53%) compared to ATLAX (2.15%). In terms of maximum drawdown, IRMIX dropped -19.50% vs ATLAX's -39.28%.

Which has better risk-adjusted returns?

IRMIX currently has the higher Sharpe Ratio (2.37 vs 1.67), 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.