NLCAX vs. IIRLX
NLCAX (Voya Large-Cap Growth Fund) and IIRLX (Voya Russell Large Cap Index Portfolio) are both mutual funds - NLCAX is a Large Cap Growth Equities fund managed by Voya, while IIRLX is a Large Cap Blend Equities fund managed by Voya. Over the past 10 years, NLCAX returned 15.90%/yr vs 16.29%/yr for IIRLX. Their correlation of 0.93 suggests significant overlap in exposure. NLCAX charges 0.97%/yr vs 0.36%/yr for IIRLX.
Performance
NLCAX vs. IIRLX - Performance Comparison
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Returns By Period
In the year-to-date period, NLCAX achieves a 6.77% return, which is significantly lower than IIRLX's 8.47% return. Both investments have delivered pretty close results over the past 10 years, with NLCAX having a 15.90% annualized return and IIRLX not far ahead at 16.29%.
NLCAX
- 1D
- -0.78%
- 1M
- -0.31%
- YTD
- 6.77%
- 6M
- 5.38%
- 1Y
- 21.06%
- 3Y*
- 22.49%
- 5Y*
- 11.18%
- 10Y*
- 15.90%
IIRLX
- 1D
- -0.61%
- 1M
- -0.50%
- YTD
- 8.47%
- 6M
- 7.53%
- 1Y
- 25.20%
- 3Y*
- 21.92%
- 5Y*
- 13.84%
- 10Y*
- 16.29%
NLCAX vs. IIRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLCAX Voya Large-Cap Growth Fund | 6.77% | 14.63% | 34.62% | 37.74% | -31.26% | 18.63% | 30.75% | 32.35% | -1.91% | 29.29% |
IIRLX Voya Russell Large Cap Index Portfolio | 8.47% | 18.77% | 26.95% | 29.41% | -20.07% | 27.26% | 21.71% | 31.18% | -3.45% | 22.58% |
Correlation
The correlation between NLCAX and IIRLX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2008 | 0.93 |
The correlation between NLCAX and IIRLX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
NLCAX vs. IIRLX — Risk / Return Rank
NLCAX
IIRLX
NLCAX vs. IIRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Large-Cap Growth Fund (NLCAX) 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.
| NLCAX | IIRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.95 | -1.55 |
| Martin ratioReturn relative to average drawdown | 4.57 | 12.29 | -7.72 |
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Drawdowns
NLCAX vs. IIRLX - Drawdown Comparison
The maximum NLCAX drawdown since its inception was -76.45%, which is greater than IIRLX's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for NLCAX and IIRLX.
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Drawdown Indicators
| NLCAX | IIRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.45% | -50.33% | -26.12% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -9.83% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -19.58% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -25.83% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -35.36% | -32.60% | -2.76% |
Current DrawdownCurrent decline from peak | -3.78% | -2.36% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -31.22% | -6.76% | -24.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.26% | +2.90% |
Volatility
NLCAX vs. IIRLX - Volatility Comparison
Voya Large-Cap Growth Fund (NLCAX) has a higher volatility of 6.91% compared to Voya Russell Large Cap Index Portfolio (IIRLX) at 4.84%. This indicates that NLCAX's price experiences larger fluctuations and is considered to be riskier than IIRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLCAX | IIRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 4.84% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.87% | 11.51% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 14.24% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.31% | 17.87% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 18.57% | +2.80% |
NLCAX vs. IIRLX - Expense Ratio Comparison
NLCAX has a 0.97% expense ratio, which is higher than IIRLX's 0.36% expense ratio.
Dividends
NLCAX vs. IIRLX - Dividend Comparison
NLCAX's dividend yield for the trailing twelve months is around 15.14%, more than IIRLX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIRLX Voya Russell Large Cap Index Portfolio | 4.88% | 3.76% | 0.96% | 1.14% | 5.04% | 4.77% | 4.71% | 4.35% | 1.73% | 1.47% | 1.77% | 1.66% |
NLCAX Voya Large-Cap Growth Fund | 15.14% | 16.16% | 4.69% | 0.00% | 24.97% | 18.15% | 13.40% | 4.61% | 7.42% | 5.86% | 5.52% | 7.37% |
Frequently Asked Questions
With a correlation of 0.94, NLCAX and IIRLX 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.
NLCAX has higher volatility (6.91%) compared to IIRLX (4.84%). In terms of maximum drawdown, NLCAX dropped -76.45% vs IIRLX's -50.33%.
IIRLX currently has the higher Sharpe Ratio (2.04 vs 1.41), 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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