IGBIX vs. IIBAX
IGBIX (Voya Global Bond Fund) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - IGBIX is a Global Bonds fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, IGBIX returned 0.44%/yr vs 1.55%/yr for IIBAX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. IGBIX charges 0.65%/yr vs 0.69%/yr for IIBAX.
Performance
IGBIX vs. IIBAX - 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 IIBAX's -0.71% return. Over the past 10 years, IGBIX has underperformed IIBAX with an annualized return of 0.44%, while IIBAX has yielded a comparatively higher 1.55% 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%
IIBAX
- 1D
- 0.23%
- 1M
- -1.49%
- 6M
- -0.85%
- YTD
- -0.71%
- 1Y
- 0.81%
- 3Y*
- 4.25%
- 5Y*
- -0.57%
- 10Y*
- 1.55%
- ALL TIME*
- 4.01%
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. IIBAX - 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% |
IIBAX Voya Intermediate Bond Fund | -0.71% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between IGBIX and IIBAX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2006 | 0.60 |
Over the past year, IGBIX and IIBAX have become more correlated (0.81) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
IGBIX vs. IIBAX — Risk / Return Rank
IGBIX
IIBAX
IGBIX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Voya Intermediate Bond Fund (IIBAX). 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 | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.60 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.15 | 1.48 | -1.63 |
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Drawdowns
IGBIX vs. IIBAX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, which is greater than IIBAX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for IGBIX and IIBAX.
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Drawdown Indicators
| IGBIX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -20.34% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -3.10% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -5.20% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -19.98% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -20.34% | -8.24% |
Current DrawdownCurrent decline from peak | -15.06% | -3.21% | -11.85% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -2.88% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.22% | +1.14% |
Volatility
IGBIX vs. IIBAX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.51% compared to Voya Intermediate Bond Fund (IIBAX) at 1.05%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than IIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.05% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 3.32% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 4.25% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 6.01% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 5.04% | +0.94% |
IGBIX vs. IIBAX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is lower than IIBAX's 0.69% expense ratio.
Dividends
IGBIX vs. IIBAX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.55%, more than IIBAX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IIBAX Voya Intermediate Bond Fund | 3.30% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
Frequently Asked Questions
IGBIX and IIBAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.51%) compared to IIBAX (1.05%). In terms of maximum drawdown, IGBIX dropped -28.58% vs IIBAX's -20.34%.
IIBAX currently has the higher Sharpe Ratio (0.44 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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