IVGSX vs. IRVIX
IVGSX (VY Invesco Growth and Income Portfolio) and IRVIX (Voya Russell Large Cap Value Index Portfolio) are both Large Cap Value Equities funds from Voya. Over the past 10 years, IVGSX returned 11.13%/yr vs 11.88%/yr for IRVIX. Their 0.96 correlation means they have historically moved very closely together. IVGSX charges 0.86%/yr vs 0.35%/yr for IRVIX.
Performance
IVGSX vs. IRVIX - Performance Comparison
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Returns By Period
In the year-to-date period, IVGSX achieves a 11.92% return, which is significantly lower than IRVIX's 22.04% return. Over the past 10 years, IVGSX has underperformed IRVIX with an annualized return of 11.13%, while IRVIX has yielded a comparatively higher 11.88% annualized return.
IVGSX
- 1D
- 1.32%
- 1M
- 3.02%
- 6M
- 7.46%
- YTD
- 11.92%
- 1Y
- 21.42%
- 3Y*
- 16.60%
- 5Y*
- 11.35%
- 10Y*
- 11.13%
- ALL TIME*
- 9.16%
IRVIX
- 1D
- 0.97%
- 1M
- 3.45%
- 6M
- 15.52%
- YTD
- 22.04%
- 1Y
- 34.73%
- 3Y*
- 19.88%
- 5Y*
- 12.82%
- 10Y*
- 11.88%
- ALL TIME*
- 12.42%
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 |
IVGSX vs. IRVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVGSX VY Invesco Growth and Income Portfolio | 11.92% | 15.07% | 16.21% | 12.41% | -5.95% | 28.95% | 2.95% | 24.82% | -14.90% | 13.90% |
IRVIX Voya Russell Large Cap Value Index Portfolio | 22.04% | 18.08% | 14.99% | 10.26% | -5.48% | 22.95% | 1.38% | 25.75% | -6.61% | 13.47% |
Correlation
The correlation between IVGSX and IRVIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | 0.96 |
The correlation between IVGSX and IRVIX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
IVGSX vs. IRVIX — Risk / Return Rank
IVGSX
IRVIX
IVGSX vs. IRVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY Invesco Growth and Income Portfolio (IVGSX) and Voya Russell Large Cap Value Index Portfolio (IRVIX). 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.
| IVGSX | IRVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.59 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 5.61 | -2.59 |
| Martin ratioReturn relative to average drawdown | 12.10 | 23.98 | -11.88 |
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Drawdowns
IVGSX vs. IRVIX - Drawdown Comparison
The maximum IVGSX drawdown since its inception was -53.48%, which is greater than IRVIX's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for IVGSX and IRVIX.
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Drawdown Indicators
| IVGSX | IRVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.48% | -35.67% | -17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.44% | -6.64% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -13.38% | -5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -18.37% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.77% | -35.67% | -6.10% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -3.79% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.54% | +0.28% |
Volatility
IVGSX vs. IRVIX - Volatility Comparison
VY Invesco Growth and Income Portfolio (IVGSX) has a higher volatility of 3.30% compared to Voya Russell Large Cap Value Index Portfolio (IRVIX) at 2.90%. This indicates that IVGSX's price experiences larger fluctuations and is considered to be riskier than IRVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVGSX | IRVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 2.90% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 9.23% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 11.63% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 14.33% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 16.84% | +2.91% |
IVGSX vs. IRVIX - Expense Ratio Comparison
IVGSX has a 0.86% expense ratio, which is higher than IRVIX's 0.35% expense ratio.
Dividends
IVGSX vs. IRVIX - Dividend Comparison
IVGSX's dividend yield for the trailing twelve months is around 7.66%, more than IRVIX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVIX Voya Russell Large Cap Value Index Portfolio | 3.61% | 29.89% | 3.60% | 2.01% | 1.36% | 1.94% | 3.78% | 5.91% | 6.32% | 1.94% | 2.90% | 3.11% |
IVGSX VY Invesco Growth and Income Portfolio | 7.66% | 23.56% | 12.62% | 8.61% | 16.88% | 1.23% | 10.39% | 14.94% | 14.37% | 7.34% | 13.02% | 21.04% |
Frequently Asked Questions
With a correlation of 0.91, IVGSX and IRVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IVGSX has higher volatility (3.30%) compared to IRVIX (2.90%). In terms of maximum drawdown, IVGSX dropped -53.48% vs IRVIX's -35.67%.
IRVIX currently has the higher Sharpe Ratio (3.21 vs 1.78), 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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