DAIOX vs. IGBIX
DAIOX (Dunham International Opportunity Bond Fund) and IGBIX (Voya Global Bond Fund) are both Global Bonds funds. Over the past 10 years, DAIOX returned 0.75%/yr vs 0.42%/yr for IGBIX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. DAIOX charges 1.58%/yr vs 0.65%/yr for IGBIX.
Performance
DAIOX vs. IGBIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DAIOX achieves a 2.16% return, which is significantly higher than IGBIX's -2.03% return. Over the past 10 years, DAIOX has outperformed IGBIX with an annualized return of 0.75%, while IGBIX has yielded a comparatively lower 0.42% annualized return.
DAIOX
- 1D
- -0.25%
- 1M
- -0.88%
- 6M
- 1.13%
- YTD
- 2.16%
- 1Y
- 3.92%
- 3Y*
- 6.51%
- 5Y*
- 1.34%
- 10Y*
- 0.75%
- ALL TIME*
- 0.42%
IGBIX
- 1D
- -0.14%
- 1M
- -0.99%
- 6M
- -2.27%
- YTD
- -2.03%
- 1Y
- -0.48%
- 3Y*
- 2.63%
- 5Y*
- -2.61%
- 10Y*
- 0.42%
- ALL TIME*
- 2.87%
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 |
DAIOX vs. IGBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 2.16% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
IGBIX Voya Global Bond Fund | -2.03% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
Correlation
The correlation between DAIOX and IGBIX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.60 |
The correlation between DAIOX and IGBIX has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DAIOX vs. IGBIX — Risk / Return Rank
DAIOX
IGBIX
DAIOX vs. IGBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham International Opportunity Bond Fund (DAIOX) and Voya Global Bond Fund (IGBIX). 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.
| DAIOX | IGBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.10 | +1.57 |
| Martin ratioReturn relative to average drawdown | 5.78 | -0.22 | +5.99 |
Loading charts...
Drawdowns
DAIOX vs. IGBIX - Drawdown Comparison
The maximum DAIOX drawdown since its inception was -27.58%, roughly equal to the maximum IGBIX drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for DAIOX and IGBIX.
Loading charts...
Drawdown Indicators
| DAIOX | IGBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -28.58% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -5.27% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -7.21% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -26.38% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -24.96% | -28.58% | +3.62% |
Current DrawdownCurrent decline from peak | -1.20% | -15.18% | +13.98% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -6.07% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.36% | -1.70% |
Volatility
DAIOX vs. IGBIX - Volatility Comparison
The current volatility for Dunham International Opportunity Bond Fund (DAIOX) is 0.72%, while Voya Global Bond Fund (IGBIX) has a volatility of 1.51%. This indicates that DAIOX experiences smaller price fluctuations and is considered to be less risky than IGBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DAIOX | IGBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.51% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 4.74% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 5.86% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 6.74% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 5.98% | -0.17% |
DAIOX vs. IGBIX - Expense Ratio Comparison
DAIOX has a 1.58% expense ratio, which is higher than IGBIX's 0.65% expense ratio.
Dividends
DAIOX vs. IGBIX - Dividend Comparison
DAIOX's dividend yield for the trailing twelve months is around 3.60%, more than IGBIX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.60% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
IGBIX Voya Global Bond Fund | 3.55% | 3.44% | 4.58% | 3.35% | 3.31% | 4.04% | 4.43% | 4.66% | 4.75% | 4.84% | 4.69% | 4.72% |
Frequently Asked Questions
DAIOX and IGBIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.51%) compared to DAIOX (0.72%). In terms of maximum drawdown, DAIOX dropped -27.58% vs IGBIX's -28.58%.
DAIOX currently has the higher Sharpe Ratio (1.17 vs -0.09), 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.
Find the right allocation for DAIOX and IGBIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer