XSIAX vs. IEDAX

Last updated Jun 23, 2026

XSIAX (Voya Senior Income Fund) and IEDAX (Voya Large Cap Value Fund) are both mutual funds - XSIAX is a Bank Loan fund managed by Voya, while IEDAX is a Large Cap Value Equities fund managed by Voya. Over the past 5 years, XSIAX returned 3.55%/yr vs 11.76%/yr for IEDAX. At a 0.32 correlation, their price movements are largely independent. XSIAX charges 1.51%/yr vs 1.10%/yr for IEDAX.

Performance

XSIAX vs. IEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Senior Income Fund (XSIAX) and Voya Large Cap Value Fund (IEDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSIAX achieves a 0.73% return, which is significantly lower than IEDAX's 10.50% return.

XSIAX

• 1D: 0.00%
• 1M: 0.42%
• YTD: 0.73%
• 6M: 1.48%
• 1Y: 3.95%
• 3Y*: 6.57%
• 5Y*: 3.55%
• 10Y*: —

IEDAX

• 1D: 0.87%
• 1M: 4.01%
• YTD: 10.50%
• 6M: 9.74%
• 1Y: 19.33%
• 3Y*: 16.35%
• 5Y*: 11.76%
• 10Y*: 12.63%

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

XSIAX vs. IEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSIAX Voya Senior Income Fund	0.73%	4.91%	7.42%	14.32%	-10.33%	5.87%	-5.85%	5.70%	-1.20%	-0.66%
IEDAX Voya Large Cap Value Fund	10.50%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	12.43%

Correlation

The correlation between XSIAX and IEDAX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.32

Over the past year, XSIAX and IEDAX have become more correlated (0.56) than their long-term average of 0.32, meaning their price movements have been converging.

Return for Risk

XSIAX vs. IEDAX — Risk / Return Rank

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

XSIAX

XSIAX Risk / Return Rank: 39
XSIAX Sharpe Ratio Rank: 27
XSIAX Sortino Ratio Rank: 49
XSIAX Omega Ratio Rank: 48
XSIAX Calmar Ratio Rank: 31
XSIAX Martin Ratio Rank: 39

IEDAX

IEDAX Risk / Return Rank: 41
IEDAX Sharpe Ratio Rank: 43
IEDAX Sortino Ratio Rank: 46
IEDAX Omega Ratio Rank: 41
IEDAX Calmar Ratio Rank: 35
IEDAX Martin Ratio Rank: 41

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.

XSIAX vs. IEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Senior Income Fund (XSIAX) and Voya Large Cap Value Fund (IEDAX). 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.

	XSIAX	IEDAX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.78	-0.38
Sortino ratio: Return per unit of downside risk	2.70	2.63	+0.07
Omega ratio: Gain probability vs. loss probability	1.35	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	1.97	2.13	-0.16
Martin ratio: Return relative to average drawdown	8.01	8.31	-0.30

XSIAX vs. IEDAX - Sharpe Ratio Comparison

The current XSIAX Sharpe Ratio is 1.39, which is comparable to the IEDAX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of XSIAX and IEDAX, 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

XSIAX vs. IEDAX - Drawdown Comparison

The maximum XSIAX drawdown since its inception was -29.91%, smaller than the maximum IEDAX drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for XSIAX and IEDAX.

Drawdown Indicators

	XSIAX	IEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-47.31%	+17.40%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-10.04%	+7.82%
Max Drawdown (3Y) Largest decline over 3 years	-3.66%	-22.40%	+18.74%
Max Drawdown (5Y) Largest decline over 5 years	-12.87%	-22.40%	+9.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.36%	—
Current Drawdown Current decline from peak	-0.32%	-0.55%	+0.23%
Average Drawdown Average peak-to-trough decline	-3.26%	-6.48%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	2.49%	-1.97%

Volatility

XSIAX vs. IEDAX - Volatility Comparison

The current volatility for Voya Senior Income Fund (XSIAX) is 0.84%, while Voya Large Cap Value Fund (IEDAX) has a volatility of 4.34%. This indicates that XSIAX experiences smaller price fluctuations and is considered to be less risky than IEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSIAX	IEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	4.34%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	2.43%	9.44%	-7.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	12.04%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	17.27%	-13.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.50%	18.85%	-13.35%

XSIAX vs. IEDAX - Expense Ratio Comparison

XSIAX has a 1.51% expense ratio, which is higher than IEDAX's 1.10% expense ratio.

Dividends

XSIAX vs. IEDAX - Dividend Comparison

XSIAX's dividend yield for the trailing twelve months is around 6.63%, less than IEDAX's 7.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDAX Voya Large Cap Value Fund	7.23%	8.03%	15.43%	10.92%	8.06%	16.02%	9.13%	17.61%	11.75%	11.03%	1.89%	8.59%
XSIAX Voya Senior Income Fund	6.63%	6.38%	8.83%	9.44%	4.34%	3.56%	4.13%	4.47%	5.63%	1.82%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XSIAX and IEDAX in my portfolio?

XSIAX and IEDAX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSIAX or IEDAX?

IEDAX has higher volatility (4.34%) compared to XSIAX (0.84%). In terms of maximum drawdown, XSIAX dropped -29.91% vs IEDAX's -47.31%.

Which has better risk-adjusted returns?

IEDAX currently has the higher Sharpe Ratio (1.78 vs 1.39), 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.