LEXNX vs. PRGMX
LEXNX (Voya GNMA Income Fund Class A) and PRGMX (T. Rowe Price GNMA Fund) are both Government Bonds funds. Over the past 10 years, LEXNX returned 0.90%/yr vs 1.15%/yr for PRGMX. Their correlation of 0.80 means they have usually moved in the same direction. LEXNX charges 0.84%/yr vs 0.58%/yr for PRGMX.
Performance
LEXNX vs. PRGMX - Performance Comparison
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Returns By Period
In the year-to-date period, LEXNX achieves a 0.24% return, which is significantly higher than PRGMX's 0.01% return. Over the past 10 years, LEXNX has underperformed PRGMX with an annualized return of 0.90%, while PRGMX has yielded a comparatively higher 1.15% annualized return.
LEXNX
- 1D
- 0.13%
- 1M
- -0.93%
- 6M
- -0.36%
- YTD
- 0.24%
- 1Y
- 3.27%
- 3Y*
- 3.49%
- 5Y*
- -0.11%
- 10Y*
- 0.90%
- ALL TIME*
- 2.63%
PRGMX
- 1D
- 0.12%
- 1M
- -1.10%
- 6M
- -0.54%
- YTD
- 0.01%
- 1Y
- 4.08%
- 3Y*
- 4.55%
- 5Y*
- 0.49%
- 10Y*
- 1.15%
- ALL TIME*
- 3.85%
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 |
LEXNX vs. PRGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEXNX Voya GNMA Income Fund Class A | 0.24% | 6.66% | 1.19% | 4.14% | -11.09% | -1.15% | 3.78% | 5.21% | 0.86% | 1.53% |
PRGMX T. Rowe Price GNMA Fund | 0.01% | 8.72% | 1.86% | 5.62% | -11.45% | -2.18% | 4.21% | 5.18% | 0.58% | 1.23% |
Correlation
The correlation between LEXNX and PRGMX is 0.84, 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. | 0.84 |
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. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986 | 0.80 |
The correlation between LEXNX and PRGMX shifts across timeframes, from 0.80 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LEXNX vs. PRGMX — Risk / Return Rank
LEXNX
PRGMX
LEXNX vs. PRGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya GNMA Income Fund Class A (LEXNX) and T. Rowe Price GNMA Fund (PRGMX). 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.
| LEXNX | PRGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.78 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.65 | 4.96 | -1.31 |
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Drawdowns
LEXNX vs. PRGMX - Drawdown Comparison
The maximum LEXNX drawdown since its inception was -40.48%, which is greater than PRGMX's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for LEXNX and PRGMX.
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Drawdown Indicators
| LEXNX | PRGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.48% | -18.22% | -22.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -3.00% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -6.22% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -17.28% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.60% | -18.22% | +1.62% |
Current DrawdownCurrent decline from peak | -1.80% | -2.15% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -2.23% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.07% | -0.04% |
Volatility
LEXNX vs. PRGMX - Volatility Comparison
Voya GNMA Income Fund Class A (LEXNX) and T. Rowe Price GNMA Fund (PRGMX) have volatilities of 1.14% and 1.17%, 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.
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Volatility by Period
| LEXNX | PRGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.17% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 3.37% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.22% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 6.43% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 4.79% | -0.22% |
LEXNX vs. PRGMX - Expense Ratio Comparison
LEXNX has a 0.84% expense ratio, which is higher than PRGMX's 0.58% expense ratio.
Dividends
LEXNX vs. PRGMX - Dividend Comparison
LEXNX's dividend yield for the trailing twelve months is around 2.85%, less than PRGMX's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEXNX Voya GNMA Income Fund Class A | 2.85% | 2.90% | 3.11% | 2.80% | 1.55% | 1.10% | 2.29% | 2.67% | 2.40% | 2.36% | 2.85% | 3.13% |
PRGMX T. Rowe Price GNMA Fund | 4.43% | 4.96% | 4.47% | 3.54% | 1.38% | 0.59% | 1.44% | 2.39% | 2.78% | 2.98% | 2.88% | 3.12% |
Frequently Asked Questions
LEXNX and PRGMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGMX has higher volatility (1.17%) compared to LEXNX (1.14%). In terms of maximum drawdown, LEXNX dropped -40.48% vs PRGMX's -18.22%.
PRGMX currently has the higher Sharpe Ratio (1.27 vs 0.94), 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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