IGA vs. HGLB
Compare and contrast key facts about Voya Global Advantage and Premium Opportunity Fund (IGA) and Highland Global Allocation Fund (HGLB).
IGA is managed by Voya. It was launched on Oct 26, 2005. HGLB is managed by Highland Funds. It was launched on Jan 5, 1998.
Performance
IGA vs. HGLB - Performance Comparison
Loading graphics...
IGA vs. HGLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGA Voya Global Advantage and Premium Opportunity Fund | 0.05% | 18.32% | 21.06% | 7.55% | -8.33% | 28.35% | -8.03% | 9.90% |
HGLB Highland Global Allocation Fund | -9.43% | 51.74% | -1.52% | -6.15% | 14.53% | 53.22% | -17.98% | -31.46% |
Returns By Period
In the year-to-date period, IGA achieves a 0.05% return, which is significantly higher than HGLB's -9.43% return.
IGA
- 1D
- 2.47%
- 1M
- -4.35%
- YTD
- 0.05%
- 6M
- 1.49%
- 1Y
- 8.95%
- 3Y*
- 16.23%
- 5Y*
- 10.63%
- 10Y*
- 9.38%
HGLB
- 1D
- 2.55%
- 1M
- -10.65%
- YTD
- -9.43%
- 6M
- -6.44%
- 1Y
- 8.73%
- 3Y*
- 8.85%
- 5Y*
- 12.97%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IGA vs. HGLB - Expense Ratio Comparison
IGA has a 0.01% expense ratio, which is lower than HGLB's 0.02% 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. HGLB — Risk / Return Rank
IGA
HGLB
IGA vs. HGLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Advantage and Premium Opportunity Fund (IGA) and Highland Global Allocation Fund (HGLB). 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 | HGLB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.35 | +0.20 |
Sortino ratioReturn per unit of downside risk | 0.92 | 0.65 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.37 | +0.41 |
Martin ratioReturn relative to average drawdown | 3.88 | 0.98 | +2.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IGA | HGLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.35 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.58 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.12 | +0.21 |
Correlation
The correlation between IGA and HGLB is 0.36, 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. HGLB - Dividend Comparison
IGA's dividend yield for the trailing twelve months is around 11.56%, less than HGLB's 13.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGA Voya Global Advantage and Premium Opportunity Fund | 11.56% | 11.37% | 11.38% | 9.25% | 9.06% | 7.60% | 9.01% | 8.05% | 9.78% | 7.87% | 10.83% | 10.72% |
HGLB Highland Global Allocation Fund | 13.04% | 11.57% | 14.27% | 12.82% | 10.32% | 9.39% | 15.44% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGA vs. HGLB - Drawdown Comparison
The maximum IGA drawdown since its inception was -57.16%, smaller than the maximum HGLB drawdown of -70.40%. Use the drawdown chart below to compare losses from any high point for IGA and HGLB.
Loading graphics...
Drawdown Indicators
| IGA | HGLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.16% | -70.40% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -23.34% | +12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.98% | -29.88% | +12.90% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | — | — |
Current DrawdownCurrent decline from peak | -4.35% | -19.42% | +15.07% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -18.21% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 8.77% | -6.52% |
Volatility
IGA vs. HGLB - Volatility Comparison
The current volatility for Voya Global Advantage and Premium Opportunity Fund (IGA) is 4.93%, while Highland Global Allocation Fund (HGLB) has a volatility of 8.17%. This indicates that IGA experiences smaller price fluctuations and is considered to be less risky than HGLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IGA | HGLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 8.17% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 18.33% | -10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 25.33% | -8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 22.36% | -8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 27.93% | -11.65% |