IRVIX vs. INGIX
IRVIX (Voya Russell Large Cap Value Index Portfolio) and INGIX (Voya U.S. Stock Index Portfolio) are both mutual funds - IRVIX is a Large Cap Value Equities fund managed by Voya, while INGIX is a Large Cap Blend Equities fund managed by Voya. Over the past 10 years, IRVIX returned 11.81%/yr vs 14.57%/yr for INGIX. Their correlation of 0.90 means they have usually moved in the same direction. IRVIX charges 0.35%/yr vs 0.27%/yr for INGIX.
Performance
IRVIX vs. INGIX - Performance Comparison
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Returns By Period
In the year-to-date period, IRVIX achieves a 19.97% return, which is significantly higher than INGIX's 9.47% return. Over the past 10 years, IRVIX has underperformed INGIX with an annualized return of 11.81%, while INGIX has yielded a comparatively higher 14.57% annualized return.
IRVIX
- 1D
- 0.79%
- 1M
- 1.69%
- 6M
- 14.66%
- YTD
- 19.97%
- 1Y
- 31.91%
- 3Y*
- 18.50%
- 5Y*
- 12.37%
- 10Y*
- 11.81%
- ALL TIME*
- 12.32%
INGIX
- 1D
- 1.67%
- 1M
- -0.33%
- 6M
- 7.93%
- YTD
- 9.47%
- 1Y
- 17.08%
- 3Y*
- 18.27%
- 5Y*
- 12.13%
- 10Y*
- 14.57%
- ALL TIME*
- 8.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IRVIX vs. INGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRVIX Voya Russell Large Cap Value Index Portfolio | 19.97% | 18.08% | 14.99% | 10.26% | -5.48% | 22.95% | 1.38% | 25.75% | -6.61% | 13.47% |
INGIX Voya U.S. Stock Index Portfolio | 9.47% | 15.88% | 24.71% | 26.04% | -18.40% | 28.33% | 18.07% | 31.15% | -4.62% | 21.49% |
Correlation
The correlation between IRVIX and INGIX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | 0.90 |
The correlation between IRVIX and INGIX shifts across timeframes, from 0.74 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IRVIX vs. INGIX — Risk / Return Rank
IRVIX
INGIX
IRVIX vs. INGIX - 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 U.S. Stock Index Portfolio (INGIX). 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.
| IRVIX | INGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.23 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 1.90 | +3.15 |
| Martin ratioReturn relative to average drawdown | 21.53 | 7.56 | +13.97 |
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Drawdowns
IRVIX vs. INGIX - Drawdown Comparison
The maximum IRVIX drawdown since its inception was -35.67%, smaller than the maximum INGIX drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IRVIX and INGIX.
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Drawdown Indicators
| IRVIX | INGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -55.38% | +19.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -9.53% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -13.38% | -19.08% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -24.69% | +6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | -33.84% | -1.83% |
Current DrawdownCurrent decline from peak | -0.31% | -1.90% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -8.13% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.31% | -0.77% |
Volatility
IRVIX vs. INGIX - Volatility Comparison
The current volatility for Voya Russell Large Cap Value Index Portfolio (IRVIX) is 3.08%, while Voya U.S. Stock Index Portfolio (INGIX) has a volatility of 3.49%. This indicates that IRVIX experiences smaller price fluctuations and is considered to be less risky than INGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVIX | INGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.49% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 15.14% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 17.57% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 18.13% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 18.61% | -1.78% |
IRVIX vs. INGIX - Expense Ratio Comparison
IRVIX has a 0.35% expense ratio, which is higher than INGIX's 0.27% expense ratio.
Dividends
IRVIX vs. INGIX - Dividend Comparison
IRVIX's dividend yield for the trailing twelve months is around 3.67%, less than INGIX's 65.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INGIX Voya U.S. Stock Index Portfolio | 65.18% | 10.66% | 9.12% | 11.02% | 12.95% | 10.29% | 5.21% | 6.82% | 8.29% | 6.30% | 7.74% | 11.51% |
IRVIX Voya Russell Large Cap Value Index Portfolio | 3.67% | 29.89% | 3.60% | 2.01% | 1.36% | 1.94% | 3.78% | 5.91% | 6.32% | 1.94% | 2.90% | 3.11% |
Frequently Asked Questions
IRVIX and INGIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INGIX has higher volatility (3.49%) compared to IRVIX (3.08%). In terms of maximum drawdown, IRVIX dropped -35.67% vs INGIX's -55.38%.
IRVIX currently has the higher Sharpe Ratio (2.88 vs 1.03), 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.
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