IVKIX vs. IEDAX

Last updated Jun 5, 2026

IVKIX (VY Invesco Comstock Portfolio) and IEDAX (Voya Large Cap Value Fund) are both Large Cap Value Equities funds from Voya. Over the past 10 years, IVKIX returned 14.41%/yr vs 12.39%/yr for IEDAX. Their correlation of 0.94 suggests significant overlap in exposure. IVKIX charges 0.70%/yr vs 1.10%/yr for IEDAX.

Performance

IVKIX vs. IEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Comstock Portfolio (IVKIX) 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, IVKIX achieves a 9.05% return, which is significantly higher than IEDAX's 8.59% return. Over the past 10 years, IVKIX has outperformed IEDAX with an annualized return of 14.41%, while IEDAX has yielded a comparatively lower 12.39% annualized return.

IVKIX

• 1D: -0.13%
• 1M: 2.08%
• YTD: 9.05%
• 6M: 9.15%
• 1Y: 22.07%
• 3Y*: 17.44%
• 5Y*: 11.20%
• 10Y*: 14.41%

IEDAX

• 1D: -0.32%
• 1M: 4.00%
• YTD: 8.59%
• 6M: 8.84%
• 1Y: 18.40%
• 3Y*: 16.81%
• 5Y*: 10.25%
• 10Y*: 12.39%

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

IVKIX vs. IEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVKIX VY Invesco Comstock Portfolio	9.05%	15.78%	14.81%	12.19%	0.61%	33.34%	1.50%	43.97%	-12.16%	17.96%
IEDAX Voya Large Cap Value Fund	8.59%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	13.36%

Correlation

The correlation between IVKIX and IEDAX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007	0.94

The correlation between IVKIX and IEDAX has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.

Return for Risk

IVKIX vs. IEDAX — Risk / Return Rank

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

IVKIX

IVKIX Risk / Return Rank: 61
IVKIX Sharpe Ratio Rank: 60
IVKIX Sortino Ratio Rank: 63
IVKIX Omega Ratio Rank: 55
IVKIX Calmar Ratio Rank: 68
IVKIX Martin Ratio Rank: 59

IEDAX

IEDAX Risk / Return Rank: 34
IEDAX Sharpe Ratio Rank: 35
IEDAX Sortino Ratio Rank: 38
IEDAX Omega Ratio Rank: 36
IEDAX Calmar Ratio Rank: 28
IEDAX Martin Ratio Rank: 34

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.

IVKIX vs. IEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Comstock Portfolio (IVKIX) 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.

	IVKIX	IEDAX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.71	+0.52
Sortino ratio: Return per unit of downside risk	3.26	2.56	+0.70
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	3.10	1.96	+1.14
Martin ratio: Return relative to average drawdown	11.43	7.63	+3.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVKIX vs. IEDAX - Sharpe Ratio Comparison

The current IVKIX Sharpe Ratio is 2.23, which is higher than the IEDAX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of IVKIX 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

	IVKIX	IEDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	1.71	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.61	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.67	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.49	-0.01

Drawdowns

IVKIX vs. IEDAX - Drawdown Comparison

The maximum IVKIX drawdown since its inception was -58.95%, which is greater than IEDAX's maximum drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for IVKIX and IEDAX.

Drawdown Indicators

	IVKIX	IEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-58.95%	-47.31%	-11.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-10.04%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	-22.40%	+6.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.43%	-22.40%	+4.97%
Max Drawdown (10Y) Largest decline over 10 years	-42.92%	-39.36%	-3.56%
Current Drawdown Current decline from peak	-0.39%	-0.32%	-0.07%
Average Drawdown Average peak-to-trough decline	-8.40%	-6.49%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.48%	-0.41%

Volatility

IVKIX vs. IEDAX - Volatility Comparison

The current volatility for VY Invesco Comstock Portfolio (IVKIX) is 2.11%, while Voya Large Cap Value Fund (IEDAX) has a volatility of 3.16%. This indicates that IVKIX 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

	IVKIX	IEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	3.16%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	8.85%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	11.46%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	17.23%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.97%	18.82%	+1.15%

IVKIX vs. IEDAX - Expense Ratio Comparison

IVKIX has a 0.70% expense ratio, which is lower than IEDAX's 1.10% expense ratio.

Dividends

IVKIX vs. IEDAX - Dividend Comparison

IVKIX's dividend yield for the trailing twelve months is around 11.58%, more than IEDAX's 7.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDAX Voya Large Cap Value Fund	7.35%	8.03%	15.43%	10.92%	8.06%	16.02%	9.13%	17.61%	11.75%	11.03%	1.89%	8.59%
IVKIX VY Invesco Comstock Portfolio	11.58%	12.63%	11.52%	15.92%	2.08%	1.63%	6.65%	38.67%	1.87%	1.37%	2.61%	2.82%

Frequently Asked Questions

Can I hold both IVKIX and IEDAX in my portfolio?

IVKIX and IEDAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVKIX or IEDAX?

IEDAX has higher volatility (3.16%) compared to IVKIX (2.11%). In terms of maximum drawdown, IVKIX dropped -58.95% vs IEDAX's -47.31%.

Which has better risk-adjusted returns?

IVKIX currently has the higher Sharpe Ratio (2.23 vs 1.71), 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.