IGBIX vs. IEDAX
IGBIX (Voya Global Bond Fund) and IEDAX (Voya Large Cap Value Fund) are both mutual funds - IGBIX is a Global Bonds fund managed by Voya, while IEDAX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IGBIX returned 0.44%/yr vs 12.53%/yr for IEDAX. Their 0.09 correlation means their historical movements had little consistent relationship. IGBIX charges 0.65%/yr vs 1.10%/yr for IEDAX.
Performance
IGBIX vs. IEDAX - 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 IEDAX's 13.51% return. Over the past 10 years, IGBIX has underperformed IEDAX with an annualized return of 0.44%, while IEDAX has yielded a comparatively higher 12.53% 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%
IEDAX
- 1D
- 1.09%
- 1M
- 1.88%
- 6M
- 10.07%
- YTD
- 13.51%
- 1Y
- 20.67%
- 3Y*
- 16.51%
- 5Y*
- 11.80%
- 10Y*
- 12.53%
- ALL TIME*
- 9.89%
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. IEDAX - 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% |
IEDAX Voya Large Cap Value Fund | 13.51% | 12.42% | 16.47% | 13.26% | -3.86% | 26.38% | 5.53% | 35.63% | -8.29% | 13.36% |
Correlation
The correlation between IGBIX and IEDAX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | 0.09 |
Over the past year, IGBIX and IEDAX have become more correlated (0.43) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
IGBIX vs. IEDAX — Risk / Return Rank
IGBIX
IEDAX
IGBIX vs. IEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Voya Large Cap Value Fund (IEDAX). 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 | IEDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.21 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.15 | 8.70 | -8.86 |
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Drawdowns
IGBIX vs. IEDAX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, smaller than the maximum IEDAX drawdown of -47.31%. Use the drawdown chart below to compare losses from any high point for IGBIX and IEDAX.
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Drawdown Indicators
| IGBIX | IEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -47.31% | +18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -10.04% | +4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -22.40% | +15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -22.40% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -39.36% | +10.78% |
Current DrawdownCurrent decline from peak | -15.06% | 0.00% | -15.06% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -6.44% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.49% | -0.13% |
Volatility
IGBIX vs. IEDAX - Volatility Comparison
The current volatility for Voya Global Bond Fund (IGBIX) is 1.51%, while Voya Large Cap Value Fund (IEDAX) has a volatility of 3.28%. This indicates that IGBIX experiences smaller price fluctuations and is considered to be less risky than IEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | IEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 3.28% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 9.67% | -4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 12.35% | -6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 17.18% | -10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 18.81% | -12.83% |
IGBIX vs. IEDAX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is lower than IEDAX's 1.10% expense ratio.
Dividends
IGBIX vs. IEDAX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.55%, less than IEDAX's 6.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDAX Voya Large Cap Value Fund | 6.99% | 8.03% | 15.43% | 10.92% | 8.06% | 16.02% | 9.13% | 17.61% | 11.75% | 11.03% | 1.89% | 8.59% |
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 IEDAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEDAX has higher volatility (3.28%) compared to IGBIX (1.51%). In terms of maximum drawdown, IGBIX dropped -28.58% vs IEDAX's -47.31%.
IEDAX currently has the higher Sharpe Ratio (1.80 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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