IGA vs. GBFFX
Compare and contrast key facts about Voya Global Advantage and Premium Opportunity Fund (IGA) and GMO Benchmark-Free Fund (GBFFX).
IGA is managed by Voya. It was launched on Oct 26, 2005. GBFFX is managed by GMO. It was launched on Jun 14, 2011.
Performance
IGA vs. GBFFX - Performance Comparison
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IGA vs. GBFFX - 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% |
GBFFX GMO Benchmark-Free Fund | 5.76% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
Returns By Period
In the year-to-date period, IGA achieves a 0.52% return, which is significantly lower than GBFFX's 5.76% return. Over the past 10 years, IGA has outperformed GBFFX with an annualized return of 9.44%, while GBFFX has yielded a comparatively lower 6.70% 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%
GBFFX
- 1D
- 1.05%
- 1M
- -2.94%
- YTD
- 5.76%
- 6M
- 12.11%
- 1Y
- 24.44%
- 3Y*
- 13.80%
- 5Y*
- 7.51%
- 10Y*
- 6.70%
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IGA vs. GBFFX - Expense Ratio Comparison
IGA has a 0.01% expense ratio, which is lower than GBFFX's 0.35% expense ratio.
Return for Risk
IGA vs. GBFFX — Risk / Return Rank
IGA
GBFFX
IGA vs. GBFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Advantage and Premium Opportunity Fund (IGA) and GMO Benchmark-Free Fund (GBFFX). 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 | GBFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 3.08 | -2.55 |
Sortino ratioReturn per unit of downside risk | 0.90 | 4.08 | -3.18 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.63 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.94 | -3.10 |
Martin ratioReturn relative to average drawdown | 4.19 | 15.49 | -11.30 |
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 | GBFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 3.08 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.94 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.74 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.65 | -0.32 |
Correlation
The correlation between IGA and GBFFX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IGA vs. GBFFX - Dividend Comparison
IGA's dividend yield for the trailing twelve months is around 11.61%, more than GBFFX's 4.84% 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% |
GBFFX GMO Benchmark-Free Fund | 4.84% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
Drawdowns
IGA vs. GBFFX - Drawdown Comparison
The maximum IGA drawdown since its inception was -57.16%, which is greater than GBFFX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for IGA and GBFFX.
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Drawdown Indicators
| IGA | GBFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.16% | -26.62% | -30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -6.04% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.98% | -15.91% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | -26.62% | -15.06% |
Current DrawdownCurrent decline from peak | -3.90% | -3.58% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -4.42% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.56% | +0.70% |
Volatility
IGA vs. GBFFX - Volatility Comparison
Voya Global Advantage and Premium Opportunity Fund (IGA) has a higher volatility of 4.98% compared to GMO Benchmark-Free Fund (GBFFX) at 3.36%. This indicates that IGA's price experiences larger fluctuations and is considered to be riskier than GBFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGA | GBFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 3.36% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 5.27% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 7.98% | +8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 8.02% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 9.07% | +7.21% |