IGA vs. DMO
Compare and contrast key facts about Voya Global Advantage and Premium Opportunity Fund (IGA) and Dimensional Multi-Asset Fund (DMO).
IGA is managed by Voya. It was launched on Oct 26, 2005. DMO is managed by Dimensional Fund Advisors. It was launched on Dec 11, 2009.
Performance
IGA vs. DMO - Performance Comparison
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IGA vs. DMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGA Voya Global Advantage and Premium Opportunity Fund | 0.52% | 18.32% | 21.06% | 7.55% | -8.33% | 28.35% | -8.03% | 23.40% | -12.35% | 26.19% |
DMO Dimensional Multi-Asset Fund | 0.42% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
Returns By Period
In the year-to-date period, IGA achieves a 0.52% return, which is significantly higher than DMO's 0.42% return. Over the past 10 years, IGA has outperformed DMO with an annualized return of 9.44%, while DMO has yielded a comparatively lower 4.48% annualized return.
IGA
- 1D
- 0.47%
- 1M
- -3.85%
- YTD
- 0.52%
- 6M
- 1.61%
- 1Y
- 8.74%
- 3Y*
- 16.41%
- 5Y*
- 10.73%
- 10Y*
- 9.44%
DMO
- 1D
- 0.00%
- 1M
- -3.98%
- YTD
- 0.42%
- 6M
- -2.43%
- 1Y
- 3.91%
- 3Y*
- 14.79%
- 5Y*
- 5.49%
- 10Y*
- 4.48%
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IGA vs. DMO - Expense Ratio Comparison
IGA has a 0.01% expense ratio, which is lower than DMO's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IGA vs. DMO — Risk / Return Rank
IGA
DMO
IGA vs. DMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Advantage and Premium Opportunity Fund (IGA) and Dimensional Multi-Asset Fund (DMO). 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.
| IGA | DMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.32 | +0.21 |
Sortino ratioReturn per unit of downside risk | 0.90 | 0.51 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.45 | +0.40 |
Martin ratioReturn relative to average drawdown | 4.19 | 1.15 | +3.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGA | DMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.32 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.43 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.22 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.48 | -0.15 |
Correlation
The correlation between IGA and DMO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IGA vs. DMO - Dividend Comparison
IGA's dividend yield for the trailing twelve months is around 11.61%, less than DMO's 14.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGA Voya Global Advantage and Premium Opportunity Fund | 11.61% | 11.37% | 11.38% | 9.25% | 9.06% | 7.60% | 9.01% | 8.05% | 9.78% | 7.87% | 10.83% | 10.72% |
DMO Dimensional Multi-Asset Fund | 14.14% | 14.01% | 12.92% | 11.46% | 11.51% | 8.88% | 10.95% | 9.63% | 18.93% | 13.30% | 13.19% | 14.09% |
Drawdowns
IGA vs. DMO - Drawdown Comparison
The maximum IGA drawdown since its inception was -57.16%, which is greater than DMO's maximum drawdown of -49.16%. Use the drawdown chart below to compare losses from any high point for IGA and DMO.
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Drawdown Indicators
| IGA | DMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.16% | -49.16% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -8.37% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.98% | -29.04% | +12.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | -49.16% | +7.48% |
Current DrawdownCurrent decline from peak | -3.90% | -5.65% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -9.68% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.25% | -0.99% |
Volatility
IGA vs. DMO - Volatility Comparison
The current volatility for Voya Global Advantage and Premium Opportunity Fund (IGA) is 4.98%, while Dimensional Multi-Asset Fund (DMO) has a volatility of 5.77%. This indicates that IGA experiences smaller price fluctuations and is considered to be less risky than DMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGA | DMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 5.77% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 8.66% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 12.19% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 12.88% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 19.97% | -3.69% |