FGBRX vs. IGBIX
FGBRX (Templeton Global Bond Fund - Class R) and IGBIX (Voya Global Bond Fund) are both Global Bonds funds. Over the past 10 years, FGBRX returned -0.33%/yr vs 0.51%/yr for IGBIX. At a 0.24 correlation, their price movements are largely independent. FGBRX charges 1.24%/yr vs 0.65%/yr for IGBIX.
Performance
FGBRX vs. IGBIX - Performance Comparison
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Returns By Period
In the year-to-date period, FGBRX achieves a 2.03% return, which is significantly higher than IGBIX's -1.75% return. Over the past 10 years, FGBRX has underperformed IGBIX with an annualized return of -0.33%, while IGBIX has yielded a comparatively higher 0.51% annualized return.
FGBRX
- 1D
- 0.28%
- 1M
- -0.02%
- 6M
- 1.75%
- YTD
- 2.03%
- 1Y
- 6.02%
- 3Y*
- 1.05%
- 5Y*
- -0.75%
- 10Y*
- -0.33%
IGBIX
- 1D
- 0.43%
- 1M
- -1.03%
- 6M
- -1.48%
- YTD
- -1.75%
- 1Y
- -0.21%
- 3Y*
- 2.34%
- 5Y*
- -2.42%
- 10Y*
- 0.51%
FGBRX vs. IGBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGBRX Templeton Global Bond Fund - Class R | 2.03% | 14.81% | -12.18% | 2.18% | -6.40% | -5.30% | -4.65% | 0.38% | 1.01% | 2.10% |
IGBIX Voya Global Bond Fund | -1.75% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
Correlation
The correlation between FGBRX and IGBIX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009 | 0.24 |
Over the past year, FGBRX and IGBIX have become more correlated (0.73) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
FGBRX vs. IGBIX — Risk / Return Rank
FGBRX
IGBIX
FGBRX vs. IGBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Global Bond Fund - Class R (FGBRX) 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.
| FGBRX | IGBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.13 | +1.03 |
| Martin ratioReturn relative to average drawdown | 2.63 | -0.31 | +2.94 |
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Drawdowns
FGBRX vs. IGBIX - Drawdown Comparison
The maximum FGBRX drawdown since its inception was -27.46%, roughly equal to the maximum IGBIX drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for FGBRX and IGBIX.
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Drawdown Indicators
| FGBRX | IGBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.46% | -28.58% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -5.27% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.09% | -7.74% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.55% | -26.46% | +7.91% |
Max Drawdown (10Y)Largest decline over 10 years | -27.46% | -28.58% | +1.12% |
Current DrawdownCurrent decline from peak | -14.50% | -14.94% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -6.04% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 2.15% | +0.03% |
Volatility
FGBRX vs. IGBIX - Volatility Comparison
The current volatility for Templeton Global Bond Fund - Class R (FGBRX) is 1.51%, while Voya Global Bond Fund (IGBIX) has a volatility of 1.62%. This indicates that FGBRX 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.
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Volatility by Period
| FGBRX | IGBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.62% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.12% | 4.73% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.26% | 5.95% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 6.73% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 5.98% | +1.18% |
FGBRX vs. IGBIX - Expense Ratio Comparison
FGBRX has a 1.24% expense ratio, which is higher than IGBIX's 0.65% expense ratio.
Dividends
FGBRX vs. IGBIX - Dividend Comparison
FGBRX's dividend yield for the trailing twelve months is around 4.75%, more than IGBIX's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBRX Templeton Global Bond Fund - Class R | 4.75% | 4.10% | 5.49% | 3.61% | 4.92% | 5.11% | 4.34% | 5.86% | 6.27% | 3.08% | 2.10% | 2.85% |
IGBIX Voya Global Bond Fund | 3.96% | 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
FGBRX and IGBIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.62%) compared to FGBRX (1.51%). In terms of maximum drawdown, FGBRX dropped -27.46% vs IGBIX's -28.58%.
FGBRX currently has the higher Sharpe Ratio (0.79 vs -0.11), 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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