ICGIX vs. IIBAX

Last updated Jun 4, 2026

ICGIX (Voya Solution Conservative Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - ICGIX is a Diversified Portfolio fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, ICGIX returned 5.02%/yr vs 1.83%/yr for IIBAX. At a 0.31 correlation, their price movements are largely independent. ICGIX charges 0.24%/yr vs 0.69%/yr for IIBAX.

Performance

ICGIX vs. IIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Solution Conservative Portfolio (ICGIX) and Voya Intermediate Bond Fund (IIBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICGIX achieves a 3.60% return, which is significantly higher than IIBAX's 0.53% return. Over the past 10 years, ICGIX has outperformed IIBAX with an annualized return of 5.02%, while IIBAX has yielded a comparatively lower 1.83% annualized return.

ICGIX

• 1D: 0.09%
• 1M: 2.00%
• YTD: 3.60%
• 6M: 3.60%
• 1Y: 9.67%
• 3Y*: 7.98%
• 5Y*: 3.10%
• 10Y*: 5.02%

IIBAX

• 1D: 0.11%
• 1M: 0.60%
• YTD: 0.53%
• 6M: 0.33%
• 1Y: 4.70%
• 3Y*: 4.53%
• 5Y*: 0.08%
• 10Y*: 1.83%

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

ICGIX vs. IIBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICGIX Voya Solution Conservative Portfolio	3.60%	8.34%	6.62%	9.29%	-13.30%	5.85%	13.32%	11.65%	-1.84%	7.50%
IIBAX Voya Intermediate Bond Fund	0.53%	6.42%	2.65%	7.04%	-15.11%	-1.79%	7.75%	9.57%	-0.59%	4.48%

Correlation

The correlation between ICGIX and IIBAX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 7, 2010	0.31

Over the past year, ICGIX and IIBAX have become more correlated (0.58) than their long-term average of 0.31, meaning their price movements have been converging.

Return for Risk

ICGIX vs. IIBAX — Risk / Return Rank

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

ICGIX

ICGIX Risk / Return Rank: 67
ICGIX Sharpe Ratio Rank: 65
ICGIX Sortino Ratio Rank: 76
ICGIX Omega Ratio Rank: 72
ICGIX Calmar Ratio Rank: 53
ICGIX Martin Ratio Rank: 69

IIBAX

IIBAX Risk / Return Rank: 19
IIBAX Sharpe Ratio Rank: 18
IIBAX Sortino Ratio Rank: 18
IIBAX Omega Ratio Rank: 18
IIBAX Calmar Ratio Rank: 21
IIBAX Martin Ratio Rank: 18

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.

ICGIX vs. IIBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Solution Conservative Portfolio (ICGIX) 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.

	ICGIX	IIBAX	Difference
Sharpe ratio Return per unit of total volatility	2.38	1.21	+1.17
Sortino ratio Return per unit of downside risk	3.69	1.80	+1.89
Omega ratio Gain probability vs. loss probability	1.48	1.22	+0.26
Calmar ratio Return relative to maximum drawdown	2.81	1.69	+1.11
Martin ratio Return relative to average drawdown	13.29	5.00	+8.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICGIX vs. IIBAX - Sharpe Ratio Comparison

The current ICGIX Sharpe Ratio is 2.38, which is higher than the IIBAX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of ICGIX and IIBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ICGIX	IIBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.21	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.01	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.37	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.90	+0.04

Drawdowns

ICGIX vs. IIBAX - Drawdown Comparison

The maximum ICGIX drawdown since its inception was -16.71%, smaller than the maximum IIBAX drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for ICGIX and IIBAX.

Drawdown Indicators

	ICGIX	IIBAX	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-20.34%	+3.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.82%	-3.10%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-5.46%	-6.12%	+0.66%
Max Drawdown (5Y) Largest decline over 5 years	-16.71%	-20.01%	+3.30%
Max Drawdown (10Y) Largest decline over 10 years	-16.71%	-20.34%	+3.63%
Current Drawdown Current decline from peak	0.00%	-2.00%	+2.00%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.88%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.04%	-0.26%

Volatility

ICGIX vs. IIBAX - Volatility Comparison

Voya Solution Conservative Portfolio (ICGIX) and Voya Intermediate Bond Fund (IIBAX) have volatilities of 1.70% and 1.64%, 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

	ICGIX	IIBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	1.64%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.74%	3.12%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	4.50%	4.35%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.86%	5.99%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.75%	5.03%	+0.72%

ICGIX vs. IIBAX - Expense Ratio Comparison

ICGIX has a 0.24% expense ratio, which is lower than IIBAX's 0.69% expense ratio.

Dividends

ICGIX vs. IIBAX - Dividend Comparison

ICGIX's dividend yield for the trailing twelve months is around 2.47%, less than IIBAX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICGIX Voya Solution Conservative Portfolio	2.47%	2.56%	0.39%	4.68%	13.34%	4.48%	7.73%	3.04%	4.40%	3.02%	4.83%	6.47%
IIBAX Voya Intermediate Bond Fund	3.58%	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

Can I hold both ICGIX and IIBAX in my portfolio?

ICGIX and IIBAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICGIX or IIBAX?

ICGIX has higher volatility (1.70%) compared to IIBAX (1.64%). In terms of maximum drawdown, ICGIX dropped -16.71% vs IIBAX's -20.34%.

Which has better risk-adjusted returns?

ICGIX currently has the higher Sharpe Ratio (2.38 vs 1.21), 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.