IEDAX vs. IGBIX
IEDAX (Voya Large Cap Value Fund) and IGBIX (Voya Global Bond Fund) are both mutual funds - IEDAX is a Large Cap Value Equities fund managed by Voya, while IGBIX is a Global Bonds fund managed by Voya. Over the past 10 years, IEDAX returned 12.60%/yr vs 0.42%/yr for IGBIX. Their 0.09 correlation means their historical movements had little consistent relationship. IEDAX charges 1.10%/yr vs 0.65%/yr for IGBIX.
Performance
IEDAX vs. IGBIX - Performance Comparison
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Returns By Period
In the year-to-date period, IEDAX achieves a 12.29% return, which is significantly higher than IGBIX's -2.03% return. Over the past 10 years, IEDAX has outperformed IGBIX with an annualized return of 12.60%, while IGBIX has yielded a comparatively lower 0.42% annualized return.
IEDAX
- 1D
- 0.94%
- 1M
- 0.78%
- 6M
- 8.80%
- YTD
- 12.29%
- 1Y
- 19.17%
- 3Y*
- 15.45%
- 5Y*
- 11.49%
- 10Y*
- 12.60%
- ALL TIME*
- 9.83%
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 |
IEDAX vs. IGBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEDAX Voya Large Cap Value Fund | 12.29% | 12.42% | 16.47% | 13.26% | -3.86% | 26.38% | 5.53% | 35.63% | -8.29% | 13.36% |
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 IEDAX and IGBIX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | 0.09 |
Over the past year, IEDAX and IGBIX have become more correlated (0.42) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
IEDAX vs. IGBIX — Risk / Return Rank
IEDAX
IGBIX
IEDAX vs. IGBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Large Cap Value Fund (IEDAX) 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.
| IEDAX | IGBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | -0.10 | +2.18 |
| Martin ratioReturn relative to average drawdown | 8.17 | -0.22 | +8.39 |
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Drawdowns
IEDAX vs. IGBIX - Drawdown Comparison
The maximum IEDAX drawdown since its inception was -47.31%, which is greater than IGBIX's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for IEDAX and IGBIX.
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Drawdown Indicators
| IEDAX | IGBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.31% | -28.58% | -18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -5.27% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -7.21% | -15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -26.38% | +3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -28.58% | -10.78% |
Current DrawdownCurrent decline from peak | 0.00% | -15.18% | +15.18% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -6.07% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.36% | +0.13% |
Volatility
IEDAX vs. IGBIX - Volatility Comparison
Voya Large Cap Value Fund (IEDAX) has a higher volatility of 3.14% compared to Voya Global Bond Fund (IGBIX) at 1.51%. This indicates that IEDAX's price experiences larger fluctuations and is considered to be riskier 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
| IEDAX | IGBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 1.51% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 4.74% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 5.86% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 6.74% | +10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 5.98% | +12.82% |
IEDAX vs. IGBIX - Expense Ratio Comparison
IEDAX has a 1.10% expense ratio, which is higher than IGBIX's 0.65% expense ratio.
Dividends
IEDAX vs. IGBIX - Dividend Comparison
IEDAX's dividend yield for the trailing twelve months is around 7.07%, more than IGBIX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDAX Voya Large Cap Value Fund | 7.07% | 8.03% | 15.43% | 10.92% | 8.06% | 16.02% | 9.13% | 17.61% | 11.75% | 11.03% | 1.89% | 8.59% |
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
IEDAX and IGBIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEDAX has higher volatility (3.14%) compared to IGBIX (1.51%). In terms of maximum drawdown, IEDAX dropped -47.31% vs IGBIX's -28.58%.
IEDAX currently has the higher Sharpe Ratio (1.70 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.
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