IUAIX vs. IEDAX

Last updated Jun 4, 2026

IUAIX (VY Invesco Equity and Income Portfolio) and IEDAX (Voya Large Cap Value Fund) are both mutual funds - IUAIX is a Diversified Portfolio fund managed by Voya, while IEDAX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IUAIX returned 9.01%/yr vs 12.43%/yr for IEDAX. Their correlation of 0.95 suggests significant overlap in exposure. IUAIX charges 0.64%/yr vs 1.10%/yr for IEDAX.

Performance

IUAIX vs. IEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Equity and Income Portfolio (IUAIX) and Voya Large Cap Value Fund (IEDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUAIX achieves a 6.06% return, which is significantly lower than IEDAX's 8.93% return. Over the past 10 years, IUAIX has underperformed IEDAX with an annualized return of 9.01%, while IEDAX has yielded a comparatively higher 12.43% annualized return.

IUAIX

• 1D: 0.62%
• 1M: 1.14%
• YTD: 6.06%
• 6M: 5.31%
• 1Y: 15.77%
• 3Y*: 12.85%
• 5Y*: 6.79%
• 10Y*: 9.01%

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)

IUAIX vs. IEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUAIX VY Invesco Equity and Income Portfolio	6.06%	10.78%	11.87%	10.24%	-7.48%	18.85%	9.99%	20.06%	-9.44%	10.92%
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 IUAIX and IEDAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007	0.95

The correlation between IUAIX and IEDAX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

Return for Risk

IUAIX vs. IEDAX — Risk / Return Rank

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

IUAIX

IUAIX Risk / Return Rank: 46
IUAIX Sharpe Ratio Rank: 30
IUAIX Sortino Ratio Rank: 26
IUAIX Omega Ratio Rank: 46
IUAIX Calmar Ratio Rank: 64
IUAIX Martin Ratio Rank: 65

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.

IUAIX vs. IEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Equity and Income Portfolio (IUAIX) 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.

	IUAIX	IEDAX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.79	-0.22
Sortino ratio: Return per unit of downside risk	2.14	2.67	-0.53
Omega ratio: Gain probability vs. loss probability	1.37	1.33	+0.04
Calmar ratio: Return relative to maximum drawdown	3.09	2.04	+1.04
Martin ratio: Return relative to average drawdown	12.74	7.97	+4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUAIX vs. IEDAX - Sharpe Ratio Comparison

The current IUAIX Sharpe Ratio is 1.57, which is comparable to the IEDAX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of IUAIX 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

	IUAIX	IEDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.79	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.62	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.67	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.49	+0.01

Drawdowns

IUAIX vs. IEDAX - Drawdown Comparison

The maximum IUAIX drawdown since its inception was -39.25%, smaller than the maximum IEDAX drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for IUAIX and IEDAX.

Drawdown Indicators

	IUAIX	IEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-39.25%	-47.31%	+8.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	-10.04%	+4.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.62%	-22.40%	+9.78%
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	-22.40%	+5.84%
Max Drawdown (10Y) Largest decline over 10 years	-29.60%	-39.36%	+9.76%
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.60%	-6.49%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	2.48%	-1.08%

Volatility

IUAIX vs. IEDAX - Volatility Comparison

VY Invesco Equity and Income Portfolio (IUAIX) has a higher volatility of 8.54% compared to Voya Large Cap Value Fund (IEDAX) at 3.22%. This indicates that IUAIX's price experiences larger fluctuations and is considered to be riskier than IEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUAIX	IEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.54%	3.22%	+5.32%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	8.85%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	11.45%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	17.23%	-5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	18.82%	-5.74%

IUAIX vs. IEDAX - Expense Ratio Comparison

IUAIX has a 0.64% expense ratio, which is lower than IEDAX's 1.10% expense ratio.

Dividends

IUAIX vs. IEDAX - Dividend Comparison

IUAIX's dividend yield for the trailing twelve months is around 35.42%, 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%
IUAIX VY Invesco Equity and Income Portfolio	35.42%	37.57%	10.65%	7.88%	18.93%	2.55%	5.81%	7.37%	9.59%	4.57%	6.14%	11.24%

Frequently Asked Questions

Can I hold both IUAIX and IEDAX in my portfolio?

IUAIX and IEDAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IUAIX or IEDAX?

IUAIX has higher volatility (8.54%) compared to IEDAX (3.22%). In terms of maximum drawdown, IUAIX dropped -39.25% vs IEDAX's -47.31%.

Which has better risk-adjusted returns?

IEDAX currently has the higher Sharpe Ratio (1.79 vs 1.57), 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.