IGBIX vs. IIRLX
IGBIX (Voya Global Bond Fund) and IIRLX (Voya Russell Large Cap Index Portfolio) are both mutual funds - IGBIX is a Global Bonds fund managed by Voya, while IIRLX is a Large Cap Blend Equities fund managed by Voya. Over the past 10 years, IGBIX returned 0.64%/yr vs 16.11%/yr for IIRLX. At a 0.10 correlation, their price movements are largely independent. IGBIX charges 0.65%/yr vs 0.36%/yr for IIRLX.
Performance
IGBIX vs. IIRLX - 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 IIRLX's 6.73% return. Over the past 10 years, IGBIX has underperformed IIRLX with an annualized return of 0.64%, while IIRLX has yielded a comparatively higher 16.11% annualized 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%
IIRLX
- 1D
- -0.21%
- 1M
- -2.67%
- YTD
- 6.73%
- 6M
- 5.45%
- 1Y
- 21.63%
- 3Y*
- 21.27%
- 5Y*
- 13.29%
- 10Y*
- 16.11%
IGBIX vs. IIRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | -1.42% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
IIRLX Voya Russell Large Cap Index Portfolio | 6.73% | 18.77% | 26.95% | 29.41% | -20.07% | 27.26% | 21.71% | 31.18% | -3.45% | 22.58% |
Correlation
The correlation between IGBIX and IIRLX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2008 | 0.10 |
Over the past year, IGBIX and IIRLX have become more correlated (0.37) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IGBIX vs. IIRLX — Risk / Return Rank
IGBIX
IIRLX
IGBIX vs. IIRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Voya Russell Large Cap Index Portfolio (IIRLX). 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 | IIRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.47 | -2.62 |
| Martin ratioReturn relative to average drawdown | -0.40 | 10.15 | -10.55 |
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Drawdowns
IGBIX vs. IIRLX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, smaller than the maximum IIRLX drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for IGBIX and IIRLX.
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Drawdown Indicators
| IGBIX | IIRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -50.33% | +21.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -9.83% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -19.58% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.46% | -25.83% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -32.60% | +4.02% |
Current DrawdownCurrent decline from peak | -14.66% | -3.92% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -6.76% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.29% | -0.28% |
Volatility
IGBIX vs. IIRLX - Volatility Comparison
The current volatility for Voya Global Bond Fund (IGBIX) is 1.95%, while Voya Russell Large Cap Index Portfolio (IIRLX) has a volatility of 5.02%. This indicates that IGBIX experiences smaller price fluctuations and is considered to be less risky than IIRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | IIRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 5.02% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 11.52% | -6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 14.28% | -8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 17.88% | -11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 18.53% | -12.56% |
IGBIX vs. IIRLX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is higher than IIRLX's 0.36% expense ratio.
Dividends
IGBIX vs. IIRLX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.91%, less than IIRLX's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IIRLX Voya Russell Large Cap Index Portfolio | 4.96% | 3.76% | 0.96% | 1.14% | 5.04% | 4.77% | 4.71% | 4.35% | 1.73% | 1.47% | 1.77% | 1.66% |
Frequently Asked Questions
IGBIX and IIRLX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIRLX has higher volatility (5.02%) compared to IGBIX (1.95%). In terms of maximum drawdown, IGBIX dropped -28.58% vs IIRLX's -50.33%.
IIRLX currently has the higher Sharpe Ratio (1.70 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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