IVKIX vs. IIRLX

Last updated Jun 25, 2026

IVKIX (VY Invesco Comstock Portfolio) and IIRLX (Voya Russell Large Cap Index Portfolio) are both mutual funds - IVKIX is a Large Cap Value Equities fund managed by Voya, while IIRLX is a Large Cap Blend Equities fund managed by Voya. Over the past 10 years, IVKIX returned 15.00%/yr vs 16.13%/yr for IIRLX. Their correlation of 0.85 suggests significant overlap in exposure. IVKIX charges 0.70%/yr vs 0.36%/yr for IIRLX.

Performance

IVKIX vs. IIRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Comstock Portfolio (IVKIX) and Voya Russell Large Cap Index Portfolio (IIRLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVKIX achieves a 10.00% return, which is significantly higher than IIRLX's 6.95% return. Over the past 10 years, IVKIX has underperformed IIRLX with an annualized return of 15.00%, while IIRLX has yielded a comparatively higher 16.13% annualized return.

IVKIX

• 1D: -0.34%
• 1M: 0.52%
• YTD: 10.00%
• 6M: 7.70%
• 1Y: 20.10%
• 3Y*: 17.49%
• 5Y*: 12.23%
• 10Y*: 15.00%

IIRLX

• 1D: -1.40%
• 1M: -1.90%
• YTD: 6.95%
• 6M: 5.67%
• 1Y: 22.06%
• 3Y*: 21.35%
• 5Y*: 13.39%
• 10Y*: 16.13%

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

IVKIX vs. IIRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVKIX VY Invesco Comstock Portfolio	10.00%	15.78%	14.81%	12.19%	0.61%	33.34%	1.50%	43.97%	-12.16%	17.96%
IIRLX Voya Russell Large Cap Index Portfolio	6.95%	18.77%	26.95%	29.41%	-20.07%	27.26%	21.71%	31.18%	-3.45%	22.58%

Correlation

The correlation between IVKIX and IIRLX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Mar 11, 2008	0.85

Over the past year, the correlation between IVKIX and IIRLX has dropped to 0.59 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

IVKIX vs. IIRLX — Risk / Return Rank

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

IVKIX

IVKIX Risk / Return Rank: 65
IVKIX Sharpe Ratio Rank: 66
IVKIX Sortino Ratio Rank: 69
IVKIX Omega Ratio Rank: 60
IVKIX Calmar Ratio Rank: 70
IVKIX Martin Ratio Rank: 62

IIRLX

IIRLX Risk / Return Rank: 53
IIRLX Sharpe Ratio Rank: 49
IIRLX Sortino Ratio Rank: 48
IIRLX Omega Ratio Rank: 49
IIRLX Calmar Ratio Rank: 56
IIRLX Martin Ratio Rank: 61

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. IIRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Comstock Portfolio (IVKIX) and Voya Russell Large Cap Index Portfolio (IIRLX). 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.

	IVKIX	IIRLX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.83	+0.21
Sortino ratio: Return per unit of downside risk	2.97	2.58	+0.39
Omega ratio: Gain probability vs. loss probability	1.36	1.34	+0.02
Calmar ratio: Return relative to maximum drawdown	2.89	2.65	+0.23
Martin ratio: Return relative to average drawdown	10.67	10.99	-0.31

IVKIX vs. IIRLX - Sharpe Ratio Comparison

The current IVKIX Sharpe Ratio is 2.04, which is comparable to the IIRLX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of IVKIX and IIRLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVKIX vs. IIRLX - Drawdown Comparison

The maximum IVKIX drawdown since its inception was -58.95%, which is greater than IIRLX's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for IVKIX and IIRLX.

Drawdown Indicators

	IVKIX	IIRLX	Difference
Max Drawdown Largest peak-to-trough decline	-58.95%	-50.33%	-8.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-9.83%	+1.82%
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	-19.58%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	-17.43%	-25.83%	+8.40%
Max Drawdown (10Y) Largest decline over 10 years	-42.92%	-32.60%	-10.32%
Current Drawdown Current decline from peak	-1.19%	-3.72%	+2.53%
Average Drawdown Average peak-to-trough decline	-8.38%	-6.76%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.27%	-0.19%

Volatility

IVKIX vs. IIRLX - Volatility Comparison

The current volatility for VY Invesco Comstock Portfolio (IVKIX) is 3.29%, while Voya Russell Large Cap Index Portfolio (IIRLX) has a volatility of 5.03%. This indicates that IVKIX experiences smaller price fluctuations and is considered to be less risky than IIRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVKIX	IIRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	5.03%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	11.60%	-3.32%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	14.29%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	17.89%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	18.54%	+1.37%

IVKIX vs. IIRLX - Expense Ratio Comparison

IVKIX has a 0.70% expense ratio, which is higher than IIRLX's 0.36% expense ratio.

Dividends

IVKIX vs. IIRLX - Dividend Comparison

IVKIX's dividend yield for the trailing twelve months is around 11.48%, more than IIRLX's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIRLX Voya Russell Large Cap Index Portfolio	4.95%	3.76%	0.96%	1.14%	5.04%	4.77%	4.71%	4.35%	1.73%	1.47%	1.77%	1.66%
IVKIX VY Invesco Comstock Portfolio	11.48%	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 IIRLX in my portfolio?

IVKIX and IIRLX have a correlation of 0.59, 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 IIRLX?

IIRLX has higher volatility (5.03%) compared to IVKIX (3.29%). In terms of maximum drawdown, IVKIX dropped -58.95% vs IIRLX's -50.33%.

Which has better risk-adjusted returns?

IVKIX currently has the higher Sharpe Ratio (2.04 vs 1.83), 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.