IEDAX vs. IGBIX

Last updated Jun 24, 2026

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 12.94%/yr vs 0.61%/yr for IGBIX. At a 0.09 correlation, their price movements are largely independent. IEDAX charges 1.10%/yr vs 0.65%/yr for IGBIX.

Performance

IEDAX vs. IGBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Large Cap Value Fund (IEDAX) and Voya Global Bond Fund (IGBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEDAX achieves a 11.20% return, which is significantly higher than IGBIX's -1.70% return. Over the past 10 years, IEDAX has outperformed IGBIX with an annualized return of 12.94%, while IGBIX has yielded a comparatively lower 0.61% annualized return.

IEDAX

• 1D: 0.63%
• 1M: 4.67%
• YTD: 11.20%
• 6M: 10.33%
• 1Y: 19.26%
• 3Y*: 17.23%
• 5Y*: 11.47%
• 10Y*: 12.94%

IGBIX

• 1D: -0.42%
• 1M: 0.11%
• YTD: -1.70%
• 6M: -1.31%
• 1Y: -0.50%
• 3Y*: 2.90%
• 5Y*: -2.34%
• 10Y*: 0.61%

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

IEDAX vs. IGBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEDAX Voya Large Cap Value Fund	11.20%	12.42%	16.47%	13.26%	-3.86%	26.38%	5.53%	35.63%	-8.29%	13.36%
IGBIX Voya Global Bond Fund	-1.70%	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 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	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 (0.45) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

IEDAX vs. IGBIX — Risk / Return Rank

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

IEDAX

IEDAX Risk / Return Rank: 43
IEDAX Sharpe Ratio Rank: 45
IEDAX Sortino Ratio Rank: 48
IEDAX Omega Ratio Rank: 43
IEDAX Calmar Ratio Rank: 37
IEDAX Martin Ratio Rank: 42

IGBIX

IGBIX Risk / Return Rank: 3
IGBIX Sharpe Ratio Rank: 3
IGBIX Sortino Ratio Rank: 3
IGBIX Omega Ratio Rank: 3
IGBIX Calmar Ratio Rank: 3
IGBIX Martin Ratio Rank: 3

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.

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 ratio: Return per unit of total volatility	1.83	-0.02	+1.84
Sortino ratio: Return per unit of downside risk	2.70	0.02	+2.68
Omega ratio: Gain probability vs. loss probability	1.33	1.00	+0.33
Calmar ratio: Return relative to maximum drawdown	2.19	-0.02	+2.21
Martin ratio: Return relative to average drawdown	8.55	-0.05	+8.59

IEDAX vs. IGBIX - Sharpe Ratio Comparison

The current IEDAX Sharpe Ratio is 1.83, which is higher than the IGBIX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of IEDAX and IGBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	IEDAX	IGBIX	Difference
Max Drawdown Largest 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%	-7.74%	-14.66%
Max Drawdown (5Y) Largest decline over 5 years	-22.40%	-26.46%	+4.06%
Max Drawdown (10Y) Largest decline over 10 years	-39.36%	-28.58%	-10.78%
Current Drawdown Current decline from peak	0.00%	-14.90%	+14.90%
Average Drawdown Average peak-to-trough decline	-6.47%	-6.02%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	1.98%	+0.51%

Volatility

IEDAX vs. IGBIX - Volatility Comparison

Voya Large Cap Value Fund (IEDAX) has a higher volatility of 4.24% compared to Voya Global Bond Fund (IGBIX) at 1.93%. 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.

Volatility by Period

	IEDAX	IGBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	1.93%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	4.64%	+4.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	6.00%	+6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	6.72%	+10.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	5.98%	+12.87%

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 7.18%, more than IGBIX's 3.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDAX Voya Large Cap Value Fund	7.18%	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	3.92%	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

Can I hold both IEDAX and IGBIX in my portfolio?

IEDAX and IGBIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEDAX or IGBIX?

IEDAX has higher volatility (4.24%) compared to IGBIX (1.93%). In terms of maximum drawdown, IEDAX dropped -47.31% vs IGBIX's -28.58%.

Which has better risk-adjusted returns?

IEDAX currently has the higher Sharpe Ratio (1.83 vs -0.02), 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.