IGBIX vs. DAIOX
IGBIX (Voya Global Bond Fund) and DAIOX (Dunham International Opportunity Bond Fund) are both Global Bonds funds. Over the past 10 years, IGBIX returned 0.51%/yr vs 0.96%/yr for DAIOX. A 0.60 correlation means they provide meaningful diversification when combined. IGBIX charges 0.65%/yr vs 1.58%/yr for DAIOX.
Performance
IGBIX vs. DAIOX - Performance Comparison
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Returns By Period
In the year-to-date period, IGBIX achieves a -1.61% return, which is significantly lower than DAIOX's 2.94% return. Over the past 10 years, IGBIX has underperformed DAIOX with an annualized return of 0.51%, while DAIOX has yielded a comparatively higher 0.96% annualized return.
IGBIX
- 1D
- 0.14%
- 1M
- -0.47%
- 6M
- -1.33%
- YTD
- -1.61%
- 1Y
- -1.02%
- 3Y*
- 3.00%
- 5Y*
- -2.39%
- 10Y*
- 0.51%
DAIOX
- 1D
- 0.25%
- 1M
- 0.06%
- 6M
- 2.42%
- YTD
- 2.94%
- 1Y
- 5.53%
- 3Y*
- 7.50%
- 5Y*
- 1.55%
- 10Y*
- 0.96%
IGBIX vs. DAIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | -1.61% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
DAIOX Dunham International Opportunity Bond Fund | 2.94% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
Correlation
The correlation between IGBIX and DAIOX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.60 |
The correlation between IGBIX and DAIOX has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.
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Return for Risk
IGBIX vs. DAIOX — Risk / Return Rank
IGBIX
DAIOX
IGBIX vs. DAIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Dunham International Opportunity Bond Fund (DAIOX). 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.
| IGBIX | DAIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.10 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.51 | 8.63 | -9.14 |
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Drawdowns
IGBIX vs. DAIOX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, roughly equal to the maximum DAIOX drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for IGBIX and DAIOX.
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Drawdown Indicators
| IGBIX | DAIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -27.58% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -2.58% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -3.91% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.46% | -24.80% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -24.96% | -3.62% |
Current DrawdownCurrent decline from peak | -14.82% | -0.45% | -14.37% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -9.14% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.63% | +1.50% |
Volatility
IGBIX vs. DAIOX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.63% compared to Dunham International Opportunity Bond Fund (DAIOX) at 0.80%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than DAIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | DAIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.80% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 2.86% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 3.24% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 4.66% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 5.85% | +0.12% |
IGBIX vs. DAIOX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is lower than DAIOX's 1.58% expense ratio.
Dividends
IGBIX vs. DAIOX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.95%, which matches DAIOX's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.96% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
IGBIX Voya Global Bond Fund | 3.95% | 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
IGBIX and DAIOX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.63%) compared to DAIOX (0.80%). In terms of maximum drawdown, IGBIX dropped -28.58% vs DAIOX's -27.58%.
DAIOX currently has the higher Sharpe Ratio (1.67 vs -0.19), 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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