IGBIX vs. DOXLX
IGBIX (Voya Global Bond Fund) and DOXLX (Dodge & Cox Global Bond Fund) are both Global Bonds funds. Over the past 3 years, IGBIX returned 2.99%/yr vs 6.73%/yr for DOXLX. Their correlation of 0.84 suggests significant overlap in exposure. IGBIX charges 0.65%/yr vs 0.37%/yr for DOXLX.
Performance
IGBIX vs. DOXLX - Performance Comparison
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Returns By Period
In the year-to-date period, IGBIX achieves a -1.42% return, which is significantly lower than DOXLX's 1.33% return.
IGBIX
- 1D
- 0.28%
- 1M
- -0.17%
- YTD
- -1.42%
- 6M
- -1.17%
- 1Y
- -0.76%
- 3Y*
- 2.99%
- 5Y*
- -2.28%
- 10Y*
- 0.64%
DOXLX
- 1D
- 0.35%
- 1M
- 0.44%
- YTD
- 1.33%
- 6M
- 1.24%
- 1Y
- 5.64%
- 3Y*
- 6.73%
- 5Y*
- —
- 10Y*
- —
IGBIX vs. DOXLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | -1.42% | 7.51% | -1.07% | 6.05% | -6.70% |
DOXLX Dodge & Cox Global Bond Fund | 1.33% | 11.60% | 0.63% | 12.48% | 0.43% |
Correlation
The correlation between IGBIX and DOXLX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.84 |
The correlation between IGBIX and DOXLX has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
IGBIX vs. DOXLX — Risk / Return Rank
IGBIX
DOXLX
IGBIX vs. DOXLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Dodge & Cox Global Bond Fund (DOXLX). 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 | DOXLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.24 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.57 | -1.73 |
| Martin ratioReturn relative to average drawdown | -0.40 | 4.74 | -5.13 |
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Drawdowns
IGBIX vs. DOXLX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, which is greater than DOXLX's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for IGBIX and DOXLX.
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Drawdown Indicators
| IGBIX | DOXLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -8.14% | -20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -3.65% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -6.12% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -14.66% | -1.38% | -13.28% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -1.63% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.21% | +0.80% |
Volatility
IGBIX vs. DOXLX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.95% compared to Dodge & Cox Global Bond Fund (DOXLX) at 1.39%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than DOXLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | DOXLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 1.39% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 3.47% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 4.38% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 5.47% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 5.47% | +0.50% |
IGBIX vs. DOXLX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is higher than DOXLX's 0.37% expense ratio.
Dividends
IGBIX vs. DOXLX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.91%, more than DOXLX's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOXLX Dodge & Cox Global Bond Fund | 3.15% | 4.14% | 4.81% | 3.36% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGBIX Voya Global Bond Fund | 3.91% | 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 DOXLX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.95%) compared to DOXLX (1.39%). In terms of maximum drawdown, IGBIX dropped -28.58% vs DOXLX's -8.14%.
DOXLX currently has the higher Sharpe Ratio (1.32 vs -0.14), 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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