IGBIX vs. FBIIX
IGBIX (Voya Global Bond Fund) and FBIIX (Fidelity International Bond Index Fund) are both Global Bonds funds. Over the past 5 years, IGBIX returned -2.28%/yr vs 0.92%/yr for FBIIX. A 0.61 correlation means they provide meaningful diversification when combined. IGBIX charges 0.65%/yr vs 0.06%/yr for FBIIX.
Performance
IGBIX vs. FBIIX - 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 FBIIX's 1.60% 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%
FBIIX
- 1D
- 0.33%
- 1M
- 0.98%
- YTD
- 1.60%
- 6M
- 1.71%
- 1Y
- 2.67%
- 3Y*
- 4.31%
- 5Y*
- 0.92%
- 10Y*
- —
IGBIX vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | -1.42% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 0.49% |
FBIIX Fidelity International Bond Index Fund | 1.60% | 2.66% | 4.64% | 7.48% | -10.84% | -1.84% | 4.43% | -1.13% |
Correlation
The correlation between IGBIX and FBIIX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.61 |
The correlation between IGBIX and FBIIX has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
IGBIX vs. FBIIX — Risk / Return Rank
IGBIX
FBIIX
IGBIX vs. FBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Fidelity International Bond Index Fund (FBIIX). 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 | FBIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.16 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.92 | -1.08 |
| Martin ratioReturn relative to average drawdown | -0.40 | 2.50 | -2.90 |
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Drawdowns
IGBIX vs. FBIIX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, which is greater than FBIIX's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for IGBIX and FBIIX.
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Drawdown Indicators
| IGBIX | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -13.79% | -14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -2.78% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -2.78% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -26.46% | -13.74% | -12.72% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -14.66% | -0.36% | -14.30% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -4.09% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.03% | +0.98% |
Volatility
IGBIX vs. FBIIX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.95% compared to Fidelity International Bond Index Fund (FBIIX) at 0.86%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than FBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 0.86% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 2.68% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 3.05% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 3.60% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 3.42% | +2.55% |
IGBIX vs. FBIIX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is higher than FBIIX's 0.06% expense ratio.
Dividends
IGBIX vs. FBIIX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.91%, less than FBIIX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIIX Fidelity International Bond Index Fund | 4.15% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% | 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 FBIIX have a correlation of 0.62, 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 FBIIX (0.86%). In terms of maximum drawdown, IGBIX dropped -28.58% vs FBIIX's -13.79%.
FBIIX currently has the higher Sharpe Ratio (0.84 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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