LEXCX vs. PENNX

Last updated Aug 1, 2026

LEXCX (Voya Corporate Leaders Trust Fund) and PENNX (Royce Pennsylvania Mutual Fund) are both mutual funds - LEXCX is a Large Cap Value Equities fund managed by Voya, while PENNX is a Small Cap Blend Equities fund managed by Royce Investment Partners. Over the past 10 years, LEXCX returned 12.49%/yr vs 11.65%/yr for PENNX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. LEXCX charges 0.52%/yr vs 0.92%/yr for PENNX.

Performance

LEXCX vs. PENNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Corporate Leaders Trust Fund (LEXCX) and Royce Pennsylvania Mutual Fund (PENNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEXCX achieves a 29.09% return, which is significantly higher than PENNX's 18.94% return. Over the past 10 years, LEXCX has outperformed PENNX with an annualized return of 12.49%, while PENNX has yielded a comparatively lower 11.65% annualized return.

LEXCX

• 1D: -0.11%
• 1M: 5.42%
• 6M: 23.54%
• YTD: 29.09%
• 1Y: 32.88%
• 3Y*: 13.96%
• 5Y*: 13.72%
• 10Y*: 12.49%
• ALL TIME*: 9.83%

PENNX

• 1D: 1.01%
• 1M: -1.96%
• 6M: 11.35%
• YTD: 18.94%
• 1Y: 30.68%
• 3Y*: 13.46%
• 5Y*: 8.84%
• 10Y*: 11.65%
• ALL TIME*: 9.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LEXCX Voya Corporate Leaders Trust Fund	$0.00	$0.00	$0.00
PENNX Royce Pennsylvania Mutual Fund	$0.00	$0.00	$0.00

LEXCX vs. PENNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEXCX Voya Corporate Leaders Trust Fund	29.09%	7.04%	3.60%	14.53%	3.95%	26.77%	4.36%	21.43%	-5.44%	16.61%
PENNX Royce Pennsylvania Mutual Fund	18.94%	9.02%	7.02%	26.82%	-17.18%	21.49%	14.11%	26.61%	-9.94%	16.00%

Correlation

The correlation between LEXCX and PENNX is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986	0.67

Over the past year, the correlation between LEXCX and PENNX has dropped to 0.11 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

LEXCX vs. PENNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LEXCX

LEXCX Risk / Return Rank: 93
LEXCX Sharpe Ratio Rank: 94
LEXCX Sortino Ratio Rank: 93
LEXCX Omega Ratio Rank: 87
LEXCX Calmar Ratio Rank: 98
LEXCX Martin Ratio Rank: 95

PENNX

PENNX Risk / Return Rank: 72
PENNX Sharpe Ratio Rank: 67
PENNX Sortino Ratio Rank: 69
PENNX Omega Ratio Rank: 62
PENNX Calmar Ratio Rank: 84
PENNX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LEXCX vs. PENNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Corporate Leaders Trust Fund (LEXCX) and Royce Pennsylvania Mutual Fund (PENNX). 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.

	LEXCX	PENNX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.56	+0.91
Sortino ratio: Return per unit of downside risk	3.67	2.33	+1.35
Omega ratio: Gain probability vs. loss probability	1.45	1.27	+0.18
Calmar ratio: Return relative to maximum drawdown	6.15	2.79	+3.36
Martin ratio: Return relative to average drawdown	15.61	9.50	+6.11

LEXCX vs. PENNX - Sharpe Ratio Comparison

The current LEXCX Sharpe Ratio is 2.47, which is higher than the PENNX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of LEXCX and PENNX, 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

LEXCX vs. PENNX - Drawdown Comparison

The maximum LEXCX drawdown since its inception was -50.42%, smaller than the maximum PENNX drawdown of -57.00%. Use the drawdown chart below to compare losses from any high point for LEXCX and PENNX.

Drawdown Indicators

	LEXCX	PENNX	Difference
Max Drawdown Largest peak-to-trough decline	-50.42%	-57.00%	+6.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.62%	-10.21%	+4.59%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-26.42%	+12.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.75%	-27.58%	+7.83%
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	-41.10%	+1.89%
Current Drawdown Current decline from peak	-1.83%	-3.93%	+2.10%
Average Drawdown Average peak-to-trough decline	-7.10%	-9.38%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.00%	-0.50%

Volatility

LEXCX vs. PENNX - Volatility Comparison

Voya Corporate Leaders Trust Fund (LEXCX) and Royce Pennsylvania Mutual Fund (PENNX) have volatilities of 4.05% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEXCX	PENNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.25%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	13.49%	-2.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	18.32%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	20.74%	-4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	21.53%	-2.54%

LEXCX vs. PENNX - Expense Ratio Comparison

LEXCX has a 0.52% expense ratio, which is lower than PENNX's 0.92% expense ratio.

Dividends

LEXCX vs. PENNX - Dividend Comparison

LEXCX's dividend yield for the trailing twelve months is around 1.12%, less than PENNX's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEXCX Voya Corporate Leaders Trust Fund	1.12%	1.65%	1.66%	1.58%	1.65%	1.54%	1.91%	1.86%	2.03%	1.79%	3.93%	2.37%
PENNX Royce Pennsylvania Mutual Fund	5.64%	6.70%	9.35%	4.91%	5.19%	28.20%	5.05%	3.85%	23.68%	21.27%	7.15%	23.31%

Frequently Asked Questions

Can I hold both LEXCX and PENNX in my portfolio?

LEXCX and PENNX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEXCX or PENNX?

PENNX has higher volatility (4.25%) compared to LEXCX (4.05%). In terms of maximum drawdown, LEXCX dropped -50.42% vs PENNX's -57.00%.

Which has better risk-adjusted returns?

LEXCX currently has the higher Sharpe Ratio (2.47 vs 1.56), 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.