IBRIX vs. IIBAX
IBRIX (VY BlackRock Inflation Protected Bond Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - IBRIX is a Inflation-Protected Bonds fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, IBRIX returned 2.43%/yr vs 1.76%/yr for IIBAX. A 0.72 correlation means they provide meaningful diversification when combined. IBRIX charges 0.58%/yr vs 0.69%/yr for IIBAX.
Performance
IBRIX vs. IIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, IBRIX achieves a 1.55% return, which is significantly higher than IIBAX's 0.18% return. Over the past 10 years, IBRIX has outperformed IIBAX with an annualized return of 2.43%, while IIBAX has yielded a comparatively lower 1.76% annualized return.
IBRIX
- 1D
- -0.43%
- 1M
- -0.22%
- YTD
- 1.55%
- 6M
- 1.57%
- 1Y
- 3.89%
- 3Y*
- 3.76%
- 5Y*
- 0.83%
- 10Y*
- 2.43%
IIBAX
- 1D
- -0.23%
- 1M
- 0.71%
- YTD
- 0.18%
- 6M
- 0.55%
- 1Y
- 3.51%
- 3Y*
- 4.41%
- 5Y*
- -0.06%
- 10Y*
- 1.76%
IBRIX vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 1.55% | 6.11% | 2.09% | 4.30% | -12.63% | 5.25% | 11.04% | 8.32% | -1.75% | 2.71% |
IIBAX Voya Intermediate Bond Fund | 0.18% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between IBRIX and IIBAX 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 | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2007 | 0.72 |
The correlation between IBRIX and IIBAX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
IBRIX vs. IIBAX — Risk / Return Rank
IBRIX
IIBAX
IBRIX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY BlackRock Inflation Protected Bond Portfolio (IBRIX) and Voya Intermediate Bond Fund (IIBAX). 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.
| IBRIX | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.31 | -0.37 |
| Martin ratioReturn relative to average drawdown | 5.21 | 3.67 | +1.54 |
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Drawdowns
IBRIX vs. IIBAX - Drawdown Comparison
The maximum IBRIX drawdown since its inception was -15.82%, smaller than the maximum IIBAX drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for IBRIX and IIBAX.
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Drawdown Indicators
| IBRIX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -20.34% | +4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -3.10% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -6.12% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -20.01% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -15.82% | -20.34% | +4.52% |
Current DrawdownCurrent decline from peak | -0.97% | -2.33% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -2.88% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.07% | -0.24% |
Volatility
IBRIX vs. IIBAX - Volatility Comparison
VY BlackRock Inflation Protected Bond Portfolio (IBRIX) has a higher volatility of 1.31% compared to Voya Intermediate Bond Fund (IIBAX) at 1.22%. This indicates that IBRIX's price experiences larger fluctuations and is considered to be riskier than IIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBRIX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.22% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 3.21% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 4.33% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 6.00% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 5.04% | +0.89% |
IBRIX vs. IIBAX - Expense Ratio Comparison
IBRIX has a 0.58% expense ratio, which is lower than IIBAX's 0.69% expense ratio.
Dividends
IBRIX vs. IIBAX - Dividend Comparison
IBRIX's dividend yield for the trailing twelve months is around 3.85%, more than IIBAX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 3.85% | 3.31% | 3.87% | 3.55% | 4.96% | 2.68% | 1.70% | 2.38% | 2.51% | 1.52% | 0.00% | 1.41% |
IIBAX Voya Intermediate Bond Fund | 3.59% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
Frequently Asked Questions
IBRIX and IIBAX 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.
IBRIX has higher volatility (1.31%) compared to IIBAX (1.22%). In terms of maximum drawdown, IBRIX dropped -15.82% vs IIBAX's -20.34%.
IIBAX currently has the higher Sharpe Ratio (0.94 vs 0.56), 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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