IGBIX vs. IRVIX
IGBIX (Voya Global Bond Fund) and IRVIX (Voya Russell Large Cap Value Index Portfolio) are both mutual funds - IGBIX is a Global Bonds fund managed by Voya, while IRVIX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IGBIX returned 0.44%/yr vs 11.88%/yr for IRVIX. Their 0.11 correlation means their historical movements had little consistent relationship. IGBIX charges 0.65%/yr vs 0.35%/yr for IRVIX.
Performance
IGBIX vs. IRVIX - 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 IRVIX's 22.04% return. Over the past 10 years, IGBIX has underperformed IRVIX with an annualized return of 0.44%, while IRVIX has yielded a comparatively higher 11.88% 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%
IRVIX
- 1D
- 0.97%
- 1M
- 3.45%
- 6M
- 15.52%
- YTD
- 22.04%
- 1Y
- 34.73%
- 3Y*
- 19.88%
- 5Y*
- 12.82%
- 10Y*
- 11.88%
- ALL TIME*
- 12.42%
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. IRVIX - 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% |
IRVIX Voya Russell Large Cap Value Index Portfolio | 22.04% | 18.08% | 14.99% | 10.26% | -5.48% | 22.95% | 1.38% | 25.75% | -6.61% | 13.47% |
Correlation
The correlation between IGBIX and IRVIX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | 0.11 |
Over the past year, IGBIX and IRVIX have become more correlated (0.37) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
IGBIX vs. IRVIX — Risk / Return Rank
IGBIX
IRVIX
IGBIX vs. IRVIX - 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 Value Index Portfolio (IRVIX). 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 | IRVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.52 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.59 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 5.61 | -5.68 |
| Martin ratioReturn relative to average drawdown | -0.15 | 23.98 | -24.13 |
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Drawdowns
IGBIX vs. IRVIX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, smaller than the maximum IRVIX drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for IGBIX and IRVIX.
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Drawdown Indicators
| IGBIX | IRVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -35.67% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -6.64% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -13.38% | +6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -18.37% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -35.67% | +7.09% |
Current DrawdownCurrent decline from peak | -15.06% | 0.00% | -15.06% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -3.79% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 1.54% | +0.82% |
Volatility
IGBIX vs. IRVIX - Volatility Comparison
The current volatility for Voya Global Bond Fund (IGBIX) is 1.51%, while Voya Russell Large Cap Value Index Portfolio (IRVIX) has a volatility of 2.90%. This indicates that IGBIX experiences smaller price fluctuations and is considered to be less risky than IRVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | IRVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.90% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 9.23% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 11.63% | -5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 14.33% | -7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 16.84% | -10.86% |
IGBIX vs. IRVIX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is higher than IRVIX's 0.35% expense ratio.
Dividends
IGBIX vs. IRVIX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.55%, less than IRVIX's 3.61% 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% |
IRVIX Voya Russell Large Cap Value Index Portfolio | 3.61% | 29.89% | 3.60% | 2.01% | 1.36% | 1.94% | 3.78% | 5.91% | 6.32% | 1.94% | 2.90% | 3.11% |
Frequently Asked Questions
IGBIX and IRVIX 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.
IRVIX has higher volatility (2.90%) compared to IGBIX (1.51%). In terms of maximum drawdown, IGBIX dropped -28.58% vs IRVIX's -35.67%.
IRVIX currently has the higher Sharpe Ratio (3.21 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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