IRSMX vs. IEDAX

Last updated Jun 4, 2026

IRSMX (Voya Target Retirement 2030 Fund) and IEDAX (Voya Large Cap Value Fund) are both mutual funds - IRSMX is a Target Retirement Date fund managed by Voya, while IEDAX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IRSMX returned 8.98%/yr vs 12.43%/yr for IEDAX. Their correlation of 0.86 suggests significant overlap in exposure. IRSMX charges 0.23%/yr vs 1.10%/yr for IEDAX.

Performance

IRSMX vs. IEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Target Retirement 2030 Fund (IRSMX) and Voya Large Cap Value Fund (IEDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IRSMX having a 8.63% return and IEDAX slightly higher at 8.93%. Over the past 10 years, IRSMX has underperformed IEDAX with an annualized return of 8.98%, while IEDAX has yielded a comparatively higher 12.43% annualized return.

IRSMX

• 1D: 0.26%
• 1M: 3.89%
• YTD: 8.63%
• 6M: 9.11%
• 1Y: 20.49%
• 3Y*: 14.45%
• 5Y*: 6.94%
• 10Y*: 8.98%

IEDAX

• 1D: 0.81%
• 1M: 5.65%
• YTD: 8.93%
• 6M: 9.01%
• 1Y: 18.16%
• 3Y*: 16.93%
• 5Y*: 10.37%
• 10Y*: 12.43%

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

IRSMX vs. IEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRSMX Voya Target Retirement 2030 Fund	8.63%	15.34%	10.71%	15.66%	-17.50%	13.44%	14.49%	20.69%	-6.80%	17.34%
IEDAX Voya Large Cap Value Fund	8.93%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	13.36%

Correlation

The correlation between IRSMX and IEDAX 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	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 26, 2012	0.86

Over the past year, the correlation between IRSMX and IEDAX has dropped to 0.62 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

IRSMX vs. IEDAX — Risk / Return Rank

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

IRSMX

IRSMX Risk / Return Rank: 82
IRSMX Sharpe Ratio Rank: 84
IRSMX Sortino Ratio Rank: 85
IRSMX Omega Ratio Rank: 79
IRSMX Calmar Ratio Rank: 77
IRSMX Martin Ratio Rank: 86

IEDAX

IEDAX Risk / Return Rank: 37
IEDAX Sharpe Ratio Rank: 38
IEDAX Sortino Ratio Rank: 41
IEDAX Omega Ratio Rank: 38
IEDAX Calmar Ratio Rank: 30
IEDAX Martin Ratio Rank: 36

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.

IRSMX vs. IEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Target Retirement 2030 Fund (IRSMX) and Voya Large Cap Value Fund (IEDAX). 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.

	IRSMX	IEDAX	Difference
Sharpe ratio Return per unit of total volatility	2.73	1.79	+0.94
Sortino ratio Return per unit of downside risk	4.12	2.67	+1.45
Omega ratio Gain probability vs. loss probability	1.52	1.33	+0.20
Calmar ratio Return relative to maximum drawdown	3.45	2.04	+1.41
Martin ratio Return relative to average drawdown	16.48	7.97	+8.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IRSMX vs. IEDAX - Sharpe Ratio Comparison

The current IRSMX Sharpe Ratio is 2.73, which is higher than the IEDAX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of IRSMX and IEDAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IRSMX	IEDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	1.79	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.62	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.67	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.49	+0.28

Drawdowns

IRSMX vs. IEDAX - Drawdown Comparison

The maximum IRSMX drawdown since its inception was -27.22%, smaller than the maximum IEDAX drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for IRSMX and IEDAX.

Drawdown Indicators

	IRSMX	IEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.22%	-47.31%	+20.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.59%	-10.04%	+3.45%
Max Drawdown (3Y) Largest decline over 3 years	-10.18%	-22.40%	+12.22%
Max Drawdown (5Y) Largest decline over 5 years	-23.27%	-22.40%	-0.87%
Max Drawdown (10Y) Largest decline over 10 years	-27.22%	-39.36%	+12.14%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.84%	-6.49%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	2.48%	-1.15%

Volatility

IRSMX vs. IEDAX - Volatility Comparison

The current volatility for Voya Target Retirement 2030 Fund (IRSMX) is 2.78%, while Voya Large Cap Value Fund (IEDAX) has a volatility of 3.22%. This indicates that IRSMX experiences smaller price fluctuations and is considered to be less risky than IEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRSMX	IEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	3.22%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	6.86%	8.85%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	11.45%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.95%	17.23%	-6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	18.82%	-6.91%

IRSMX vs. IEDAX - Expense Ratio Comparison

IRSMX has a 0.23% expense ratio, which is lower than IEDAX's 1.10% expense ratio.

Dividends

IRSMX vs. IEDAX - Dividend Comparison

IRSMX's dividend yield for the trailing twelve months is around 8.57%, more than IEDAX's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDAX Voya Large Cap Value Fund	7.33%	8.03%	15.43%	10.92%	8.06%	16.02%	9.13%	17.61%	11.75%	11.03%	1.89%	8.59%
IRSMX Voya Target Retirement 2030 Fund	8.57%	9.31%	1.72%	2.49%	5.34%	14.03%	4.41%	4.09%	5.56%	5.10%	2.37%	0.38%

Frequently Asked Questions

Can I hold both IRSMX and IEDAX in my portfolio?

IRSMX and IEDAX 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, IRSMX or IEDAX?

IEDAX has higher volatility (3.22%) compared to IRSMX (2.78%). In terms of maximum drawdown, IRSMX dropped -27.22% vs IEDAX's -47.31%.

Which has better risk-adjusted returns?

IRSMX currently has the higher Sharpe Ratio (2.73 vs 1.79), 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.