IRVIX vs. IMCDX

Last updated Apr 1, 2026

Compare and contrast key facts about Voya Russell Large Cap Value Index Portfolio (IRVIX) and Voya Emerging Markets Corporate Debt Fund (IMCDX).

IRVIX is managed by Voya. It was launched on May 1, 2009. IMCDX is managed by Voya. It was launched on Aug 8, 2012.

Performance

IRVIX vs. IMCDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Russell Large Cap Value Index Portfolio (IRVIX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). The values are adjusted to include any dividend payments, if applicable.

IRVIX vs. IMCDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRVIX Voya Russell Large Cap Value Index Portfolio	-0.72%	18.08%	14.99%	10.26%	-5.48%	22.95%	1.38%	25.75%	-6.61%	13.47%
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	6.44%	8.51%	-13.79%	0.08%	8.35%	13.65%	-1.77%	9.40%

Returns By Period

IRVIX

• 1D: -0.18%
• 1M: -6.61%
• YTD: -0.72%
• 6M: 4.06%
• 1Y: 12.37%
• 3Y*: 13.83%
• 5Y*: 9.41%
• 10Y*: 10.33%

IMCDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IRVIX vs. IMCDX - Expense Ratio Comparison

IRVIX has a 0.35% expense ratio, which is higher than IMCDX's 0.10% expense ratio.

IRVIX

Voya Russell Large Cap Value Index Portfolio

IMCDX

Voya Emerging Markets Corporate Debt Fund

Return for Risk

IRVIX vs. IMCDX — Risk / Return Rank

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

IRVIX

IRVIX Risk / Return Rank: 38
IRVIX Sharpe Ratio Rank: 43
IRVIX Sortino Ratio Rank: 49
IRVIX Omega Ratio Rank: 46
IRVIX Calmar Ratio Rank: 24
IRVIX Martin Ratio Rank: 26

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.

IRVIX vs. IMCDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Russell Large Cap Value Index Portfolio (IRVIX) and Voya Emerging Markets Corporate Debt Fund (IMCDX). 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.

	IRVIX	IMCDX	Difference
Sharpe ratio Return per unit of total volatility	0.88	—	—
Sortino ratio Return per unit of downside risk	1.39	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	0.70	—	—
Martin ratio Return relative to average drawdown	2.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IRVIX	IMCDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	—	—

Correlation

The correlation between IRVIX and IMCDX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IRVIX vs. IMCDX - Dividend Comparison

IRVIX's dividend yield for the trailing twelve months is around 30.10%, while IMCDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRVIX Voya Russell Large Cap Value Index Portfolio	30.10%	29.89%	3.60%	2.01%	1.36%	1.94%	3.78%	5.91%	6.32%	1.94%	2.90%	3.11%
IMCDX Voya Emerging Markets Corporate Debt Fund	0.00%	0.00%	4.08%	4.21%	3.80%	6.14%	4.64%	4.99%	5.30%	4.79%	5.22%	5.11%

Drawdowns

Drawdown Indicators

	IRVIX	IMCDX	Difference
Max Drawdown Largest peak-to-trough decline	-35.67%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.67%	—	—
Current Drawdown Current decline from peak	-6.64%	—	—
Average Drawdown Average peak-to-trough decline	-3.86%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	—	—

Volatility

Volatility by Period

	IRVIX	IMCDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	—	—