IGBIX vs. PYGSX
Compare and contrast key facts about Voya Global Bond Fund (IGBIX) and Payden Global Low Duration Fund (PYGSX).
IGBIX is managed by Voya. It was launched on Jun 29, 2006. PYGSX is managed by Paydenfunds. It was launched on Sep 17, 1996.
Performance
IGBIX vs. PYGSX - Performance Comparison
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IGBIX vs. PYGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | -2.30% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
PYGSX Payden Global Low Duration Fund | 0.26% | 5.72% | 5.19% | 5.61% | -3.38% | 0.17% | 3.14% | 4.77% | 0.58% | 1.90% |
Returns By Period
In the year-to-date period, IGBIX achieves a -2.30% return, which is significantly lower than PYGSX's 0.26% return. Over the past 10 years, IGBIX has underperformed PYGSX with an annualized return of 0.68%, while PYGSX has yielded a comparatively higher 2.47% annualized return.
IGBIX
- 1D
- 0.71%
- 1M
- -3.54%
- YTD
- -2.30%
- 6M
- -2.74%
- 1Y
- 1.90%
- 3Y*
- 2.24%
- 5Y*
- -2.32%
- 10Y*
- 0.68%
PYGSX
- 1D
- 0.10%
- 1M
- -0.53%
- YTD
- 0.26%
- 6M
- 1.24%
- 1Y
- 4.25%
- 3Y*
- 5.01%
- 5Y*
- 2.59%
- 10Y*
- 2.47%
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IGBIX vs. PYGSX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is higher than PYGSX's 0.53% expense ratio.
Return for Risk
IGBIX vs. PYGSX — Risk / Return Rank
IGBIX
PYGSX
IGBIX vs. PYGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and Payden Global Low Duration Fund (PYGSX). 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.
| IGBIX | PYGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 2.57 | -2.17 |
Sortino ratioReturn per unit of downside risk | 0.60 | 3.97 | -3.36 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.60 | -0.53 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 3.55 | -2.85 |
Martin ratioReturn relative to average drawdown | 2.60 | 17.04 | -14.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGBIX | PYGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 2.57 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 1.39 | -1.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 1.42 | -1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 2.09 | -1.58 |
Correlation
The correlation between IGBIX and PYGSX is 0.45, 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.
Dividends
IGBIX vs. PYGSX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.11%, less than PYGSX's 4.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | 3.11% | 3.44% | 4.58% | 3.35% | 3.31% | 4.04% | 4.43% | 4.66% | 4.75% | 4.84% | 4.69% | 4.72% |
PYGSX Payden Global Low Duration Fund | 4.61% | 4.63% | 4.64% | 3.84% | 2.14% | 1.68% | 1.78% | 2.74% | 2.51% | 1.68% | 1.19% | 1.20% |
Drawdowns
IGBIX vs. PYGSX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, which is greater than PYGSX's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for IGBIX and PYGSX.
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Drawdown Indicators
| IGBIX | PYGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -7.29% | -21.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -1.23% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -5.38% | -21.20% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -7.29% | -21.29% |
Current DrawdownCurrent decline from peak | -15.42% | -0.74% | -14.68% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -0.49% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.26% | +1.16% |
Volatility
IGBIX vs. PYGSX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 2.42% compared to Payden Global Low Duration Fund (PYGSX) at 0.68%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than PYGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBIX | PYGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 0.68% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 1.05% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 1.66% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 1.87% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 1.74% | +4.16% |