NLCAX vs. XHR

Last updated Jun 24, 2026

NLCAX (Voya Large-Cap Growth Fund) is Large Cap Growth Equities fund managed by Voya, while XHR (Xenia Hotels & Resorts, Inc.) is a stock. Over the past 10 years, NLCAX returned 15.90%/yr vs 5.92%/yr for XHR. At a 0.40 correlation, their price movements are largely independent.

Performance

NLCAX vs. XHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Large-Cap Growth Fund (NLCAX) and Xenia Hotels & Resorts, Inc. (XHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NLCAX achieves a 6.77% return, which is significantly lower than XHR's 43.02% return. Over the past 10 years, NLCAX has outperformed XHR with an annualized return of 15.90%, while XHR has yielded a comparatively lower 5.92% annualized return.

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%

XHR

• 1D: -0.35%
• 1M: 19.08%
• YTD: 43.02%
• 6M: 40.45%
• 1Y: 67.09%
• 3Y*: 23.91%
• 5Y*: 3.17%
• 10Y*: 5.92%

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

NLCAX vs. XHR - 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%
XHR Xenia Hotels & Resorts, Inc.	43.02%	-0.71%	12.72%	6.71%	-26.13%	19.14%	-27.75%	32.33%	-15.96%	17.61%

Correlation

The correlation between NLCAX and XHR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 4, 2015	0.40

Over the past year, the correlation between NLCAX and XHR has dropped to 0.11 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

NLCAX vs. XHR — Risk / Return Rank

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

NLCAX

NLCAX Risk / Return Rank: 24
NLCAX Sharpe Ratio Rank: 28
NLCAX Sortino Ratio Rank: 27
NLCAX Omega Ratio Rank: 26
NLCAX Calmar Ratio Rank: 18
NLCAX Martin Ratio Rank: 19

XHR

XHR Risk / Return Rank: 91
XHR Sharpe Ratio Rank: 93
XHR Sortino Ratio Rank: 92
XHR Omega Ratio Rank: 88
XHR Calmar Ratio Rank: 89
XHR Martin Ratio Rank: 91

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.

NLCAX vs. XHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Large-Cap Growth Fund (NLCAX) and Xenia Hotels & Resorts, Inc. (XHR). 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	XHR	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.44	-1.03
Sortino ratio: Return per unit of downside risk	1.99	3.31	-1.33
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.14
Calmar ratio: Return relative to maximum drawdown	1.40	4.15	-2.75
Martin ratio: Return relative to average drawdown	4.57	12.33	-7.76

NLCAX vs. XHR - Sharpe Ratio Comparison

The current NLCAX Sharpe Ratio is 1.41, which is lower than the XHR Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of NLCAX and XHR, 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

NLCAX vs. XHR - Drawdown Comparison

The maximum NLCAX drawdown since its inception was -76.45%, which is greater than XHR's maximum drawdown of -71.02%. Use the drawdown chart below to compare losses from any high point for NLCAX and XHR.

Drawdown Indicators

	NLCAX	XHR	Difference
Max Drawdown Largest peak-to-trough decline	-76.45%	-71.02%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-16.23%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-42.47%	+17.71%
Max Drawdown (5Y) Largest decline over 5 years	-35.36%	-49.78%	+14.42%
Max Drawdown (10Y) Largest decline over 10 years	-35.36%	-71.02%	+35.66%
Current Drawdown Current decline from peak	-3.78%	-0.35%	-3.43%
Average Drawdown Average peak-to-trough decline	-31.22%	-26.03%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	5.46%	-0.30%

Volatility

NLCAX vs. XHR - Volatility Comparison

Voya Large-Cap Growth Fund (NLCAX) and Xenia Hotels & Resorts, Inc. (XHR) have volatilities of 6.91% and 6.74%, 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

	NLCAX	XHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	6.74%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	13.87%	20.20%	-6.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	27.70%	-10.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	34.54%	-12.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.37%	42.49%	-21.12%

Dividends

NLCAX vs. XHR - Dividend Comparison

NLCAX's dividend yield for the trailing twelve months is around 15.14%, more than XHR's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XHR Xenia Hotels & Resorts, Inc.	2.80%	3.96%	3.23%	2.94%	1.52%	0.00%	1.81%	5.09%	6.40%	5.09%	5.66%	5.45%

Frequently Asked Questions

Can I hold both NLCAX and XHR in my portfolio?

NLCAX and XHR 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, NLCAX or XHR?

NLCAX has higher volatility (6.91%) compared to XHR (6.74%). In terms of maximum drawdown, NLCAX dropped -76.45% vs XHR's -71.02%.

Which has better risk-adjusted returns?

XHR currently has the higher Sharpe Ratio (2.44 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.