IGBIX vs. FGBRX
IGBIX (Voya Global Bond Fund) and FGBRX (Templeton Global Bond Fund - Class R) are both Global Bonds funds. Over the past 10 years, IGBIX returned 0.44%/yr vs -0.10%/yr for FGBRX. Their 0.24 correlation means their historical movements had little consistent relationship. IGBIX charges 0.65%/yr vs 1.24%/yr for FGBRX.
Performance
IGBIX vs. FGBRX - 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 FGBRX's 3.37% return. Over the past 10 years, IGBIX has outperformed FGBRX with an annualized return of 0.44%, while FGBRX has yielded a comparatively lower -0.10% annualized return.
IGBIX
- 1D
- 0.14%
- 1M
- -0.85%
- 6M
- -2.13%
- YTD
- -1.89%
- 1Y
- -1.69%
- 3Y*
- 2.73%
- 5Y*
- -2.63%
- 10Y*
- 0.44%
- ALL TIME*
- 2.88%
FGBRX
- 1D
- 0.42%
- 1M
- 1.73%
- 6M
- 0.27%
- YTD
- 3.37%
- 1Y
- 6.17%
- 3Y*
- 2.43%
- 5Y*
- -0.51%
- 10Y*
- -0.10%
- ALL TIME*
- 1.72%
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. FGBRX - 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% |
FGBRX Templeton Global Bond Fund - Class R | 3.37% | 14.81% | -12.18% | 2.18% | -6.40% | -5.30% | -4.65% | 0.38% | 1.01% | 2.10% |
Correlation
The correlation between IGBIX and FGBRX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009 | 0.24 |
Over the past year, IGBIX and FGBRX have become more correlated (0.74) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
IGBIX vs. FGBRX — Risk / Return Rank
IGBIX
FGBRX
IGBIX vs. FGBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Templeton Global Bond Fund - Class R (FGBRX). 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 | FGBRX | 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 | 0.99 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.04 | -1.11 |
| Martin ratioReturn relative to average drawdown | -0.15 | 2.94 | -3.09 |
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Drawdowns
IGBIX vs. FGBRX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, roughly equal to the maximum FGBRX drawdown of -27.46%. Use the drawdown chart below to compare losses from any high point for IGBIX and FGBRX.
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Drawdown Indicators
| IGBIX | FGBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -27.46% | -1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -6.38% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -13.09% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -18.54% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -27.46% | -1.12% |
Current DrawdownCurrent decline from peak | -15.06% | -13.38% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -8.42% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.26% | +0.10% |
Volatility
IGBIX vs. FGBRX - Volatility Comparison
The current volatility for Voya Global Bond Fund (IGBIX) is 1.51%, while Templeton Global Bond Fund - Class R (FGBRX) has a volatility of 1.92%. This indicates that IGBIX experiences smaller price fluctuations and is considered to be less risky than FGBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | FGBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.92% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 6.01% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 7.25% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 8.19% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 7.15% | -1.17% |
IGBIX vs. FGBRX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is lower than FGBRX's 1.24% expense ratio.
Dividends
IGBIX vs. FGBRX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.55%, less than FGBRX's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBRX Templeton Global Bond Fund - Class R | 4.72% | 4.10% | 5.49% | 3.61% | 4.92% | 5.11% | 4.34% | 5.86% | 6.27% | 3.08% | 2.10% | 2.85% |
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 FGBRX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGBRX has higher volatility (1.92%) compared to IGBIX (1.51%). In terms of maximum drawdown, IGBIX dropped -28.58% vs FGBRX's -27.46%.
FGBRX currently has the higher Sharpe Ratio (0.92 vs -0.06), 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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