IGBIX vs. FXNAX
Compare and contrast key facts about Voya Global Bond Fund (IGBIX) and Fidelity U.S. Bond Index Fund (FXNAX).
IGBIX is managed by Voya. It was launched on Jun 29, 2006. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGBIX or FXNAX.
Key characteristics
| IGBIX | FXNAX | |
|---|---|---|
| YTD Return | 4.86% | 5.28% |
| 1Y Return | 12.70% | 10.47% |
| 3Y Return (Ann) | -3.13% | -1.47% |
| 5Y Return (Ann) | -0.38% | 0.58% |
| 10Y Return (Ann) | 0.99% | 1.91% |
| Sharpe Ratio | 1.94 | 1.75 |
| Daily Std Dev | 6.70% | 6.36% |
| Max Drawdown | -27.25% | -18.64% |
| Current Drawdown | -12.11% | -5.69% |
Correlation
The correlation between IGBIX and FXNAX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IGBIX vs. FXNAX - Performance Comparison
In the year-to-date period, IGBIX achieves a 4.86% return, which is significantly lower than FXNAX's 5.28% return. Over the past 10 years, IGBIX has underperformed FXNAX with an annualized return of 0.99%, while FXNAX has yielded a comparatively higher 1.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGBIX vs. FXNAX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
IGBIX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
Dividends
IGBIX vs. FXNAX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 4.56%, more than FXNAX's 3.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | 4.56% | 4.38% | 4.43% | 4.83% | 4.42% | 4.45% | 4.74% | 4.81% | 4.69% | 4.72% | 4.34% | 4.28% |
FXNAX Fidelity U.S. Bond Index Fund | 3.13% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
Drawdowns
IGBIX vs. FXNAX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -27.25%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for IGBIX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
IGBIX vs. FXNAX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.50% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.31%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.