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 0.43%/yr vs 0.80%/yr for DAIOX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. 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 -1.89% return, which is significantly lower than DAIOX's 2.42% return. Over the past 10 years, IGBIX has underperformed DAIOX with an annualized return of 0.43%, while DAIOX has yielded a comparatively higher 0.80% annualized return.
IGBIX
- 1D
- 0.57%
- 1M
- -0.85%
- 6M
- -2.27%
- YTD
- -1.89%
- 1Y
- -0.34%
- 3Y*
- 2.49%
- 5Y*
- -2.58%
- 10Y*
- 0.43%
- ALL TIME*
- 2.88%
DAIOX
- 1D
- -0.13%
- 1M
- -0.63%
- 6M
- 1.39%
- YTD
- 2.42%
- 1Y
- 4.19%
- 3Y*
- 6.50%
- 5Y*
- 1.39%
- 10Y*
- 0.80%
- ALL TIME*
- 0.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IGBIX vs. DAIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | -1.89% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
DAIOX Dunham International Opportunity Bond Fund | 2.42% | 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 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.52 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 | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.63 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.04 | 6.44 | -6.47 |
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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 | -7.21% | -3.91% | -3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.38% | -24.80% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -24.96% | -3.62% |
Current DrawdownCurrent decline from peak | -15.06% | -0.95% | -14.11% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -9.11% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.65% | +1.69% |
Volatility
IGBIX vs. DAIOX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.53% compared to Dunham International Opportunity Bond Fund (DAIOX) at 0.69%. 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 | 1.53% | 0.69% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 2.84% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 3.24% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 4.67% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 5.81% | +0.17% |
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 3.55%, less than DAIOX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.59% | 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 | 3.55% | 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 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.53%) compared to DAIOX (0.69%). In terms of maximum drawdown, IGBIX dropped -28.58% vs DAIOX's -27.58%.
DAIOX currently has the higher Sharpe Ratio (1.30 vs -0.01), 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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