IRMIX vs. SMIFX

Last updated Aug 1, 2026

IRMIX (Voya Retirement Moderate Portfolio) and SMIFX (Sound Mind Investing Fund) are both Diversified Portfolio funds. Over the past 10 years, IRMIX returned 6.24%/yr vs 8.51%/yr for SMIFX. Their correlation of 0.84 means they have usually moved in the same direction. IRMIX charges 0.27%/yr vs 1.19%/yr for SMIFX.

Performance

IRMIX vs. SMIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Retirement Moderate Portfolio (IRMIX) and Sound Mind Investing Fund (SMIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRMIX achieves a 4.46% return, which is significantly lower than SMIFX's 9.83% return. Over the past 10 years, IRMIX has underperformed SMIFX with an annualized return of 6.24%, while SMIFX has yielded a comparatively higher 8.51% annualized return.

IRMIX

• 1D: 0.96%
• 1M: -0.66%
• 6M: 3.03%
• YTD: 4.46%
• 1Y: 10.32%
• 3Y*: 9.39%
• 5Y*: 4.29%
• 10Y*: 6.24%
• ALL TIME*: 6.37%

SMIFX

• 1D: 1.92%
• 1M: -2.84%
• 6M: 2.61%
• YTD: 9.83%
• 1Y: 14.46%
• 3Y*: 9.27%
• 5Y*: 5.36%
• 10Y*: 8.51%
• ALL TIME*: 6.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IRMIX Voya Retirement Moderate Portfolio	$0.00	$0.00	$0.00
SMIFX Sound Mind Investing Fund	$0.00	$0.00	$0.00

IRMIX vs. SMIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRMIX Voya Retirement Moderate Portfolio	4.46%	12.07%	8.18%	11.66%	-14.89%	10.03%	12.48%	17.58%	-6.85%	12.23%
SMIFX Sound Mind Investing Fund	9.83%	3.16%	16.65%	5.17%	-8.93%	11.15%	20.76%	19.28%	-8.56%	17.49%

Correlation

The correlation between IRMIX and SMIFX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Nov 9, 2009	0.84

The correlation between IRMIX and SMIFX has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

Return for Risk

IRMIX vs. SMIFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IRMIX

IRMIX Risk / Return Rank: 67
IRMIX Sharpe Ratio Rank: 65
IRMIX Sortino Ratio Rank: 67
IRMIX Omega Ratio Rank: 63
IRMIX Calmar Ratio Rank: 63
IRMIX Martin Ratio Rank: 78

SMIFX

SMIFX Risk / Return Rank: 30
SMIFX Sharpe Ratio Rank: 28
SMIFX Sortino Ratio Rank: 26
SMIFX Omega Ratio Rank: 27
SMIFX Calmar Ratio Rank: 37
SMIFX Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IRMIX vs. SMIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Moderate Portfolio (IRMIX) and Sound Mind Investing Fund (SMIFX). 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	SMIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.97	+0.65
Sortino ratio: Return per unit of downside risk	2.38	1.37	+1.01
Omega ratio: Gain probability vs. loss probability	1.30	1.18	+0.12
Calmar ratio: Return relative to maximum drawdown	2.22	1.60	+0.62
Martin ratio: Return relative to average drawdown	9.82	4.65	+5.17

IRMIX vs. SMIFX - Sharpe Ratio Comparison

The current IRMIX Sharpe Ratio is 1.61, which is higher than the SMIFX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of IRMIX and SMIFX, 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. SMIFX - Drawdown Comparison

The maximum IRMIX drawdown since its inception was -19.50%, smaller than the maximum SMIFX drawdown of -54.33%. Use the drawdown chart below to compare losses from any high point for IRMIX and SMIFX.

Drawdown Indicators

	IRMIX	SMIFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-54.33%	+34.83%
Max Drawdown (1Y) Largest decline over 1 year	-4.84%	-8.04%	+3.20%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-19.98%	+13.29%
Max Drawdown (5Y) Largest decline over 5 years	-19.50%	-41.36%	+21.86%
Max Drawdown (10Y) Largest decline over 10 years	-19.50%	-41.36%	+21.86%
Current Drawdown Current decline from peak	-1.22%	-14.24%	+13.02%
Average Drawdown Average peak-to-trough decline	-2.94%	-14.26%	+11.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	2.77%	-1.71%

Volatility

IRMIX vs. SMIFX - Volatility Comparison

The current volatility for Voya Retirement Moderate Portfolio (IRMIX) is 2.08%, while Sound Mind Investing Fund (SMIFX) has a volatility of 4.72%. This indicates that IRMIX experiences smaller price fluctuations and is considered to be less risky than SMIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRMIX	SMIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	4.72%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	10.88%	-5.49%
Volatility (1Y) Calculated over the trailing 1-year period	6.68%	13.39%	-6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.01%	29.08%	-21.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.43%	24.21%	-15.78%

IRMIX vs. SMIFX - Expense Ratio Comparison

IRMIX has a 0.27% expense ratio, which is lower than SMIFX's 1.19% expense ratio.

Dividends

IRMIX vs. SMIFX - Dividend Comparison

IRMIX's dividend yield for the trailing twelve months is around 3.94%, less than SMIFX's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRMIX Voya Retirement Moderate Portfolio	3.94%	11.18%	5.94%	6.51%	15.75%	6.33%	5.57%	6.59%	4.80%	7.60%	7.39%	9.23%
SMIFX Sound Mind Investing Fund	4.85%	5.33%	1.28%	1.73%	0.97%	46.86%	0.00%	0.48%	26.02%	10.06%	0.00%	14.94%

Frequently Asked Questions

Can I hold both IRMIX and SMIFX in my portfolio?

IRMIX and SMIFX have a correlation of 0.77, 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 SMIFX?

SMIFX has higher volatility (4.72%) compared to IRMIX (2.08%). In terms of maximum drawdown, IRMIX dropped -19.50% vs SMIFX's -54.33%.

Which has better risk-adjusted returns?

IRMIX currently has the higher Sharpe Ratio (1.61 vs 0.97), 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.