IGBIX vs. SAXIX
IGBIX (Voya Global Bond Fund) and SAXIX (SA Global Fixed Income Fund) are both Global Bonds funds. Over the past 10 years, IGBIX returned 0.43%/yr vs 1.24%/yr for SAXIX. Their 0.44 correlation means their historical movements had little consistent relationship. IGBIX charges 0.65%/yr vs 0.71%/yr for SAXIX.
Performance
IGBIX vs. SAXIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGBIX achieves a -1.89% return, which is significantly lower than SAXIX's 1.50% return. Over the past 10 years, IGBIX has underperformed SAXIX with an annualized return of 0.43%, while SAXIX has yielded a comparatively higher 1.24% annualized return.
IGBIX
- 1D
- 0.57%
- 1M
- -0.85%
- 6M
- -2.27%
- YTD
- -1.89%
- 1Y
- -0.34%
- 3Y*
- 2.49%
- 5Y*
- -2.58%
- 10Y*
- 0.43%
- ALL TIME*
- 2.88%
SAXIX
- 1D
- 0.00%
- 1M
- -0.34%
- 6M
- 0.92%
- YTD
- 1.50%
- 1Y
- 3.23%
- 3Y*
- 4.61%
- 5Y*
- 1.33%
- 10Y*
- 1.24%
- ALL TIME*
- 1.64%
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. SAXIX - 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% |
SAXIX SA Global Fixed Income Fund | 1.50% | 4.87% | 5.33% | 4.55% | -6.79% | -1.59% | 0.89% | 3.40% | 1.17% | 1.17% |
Correlation
The correlation between IGBIX and SAXIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2006 | 0.44 |
Over the past year, IGBIX and SAXIX have become more correlated (0.66) than their long-term average of 0.44, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGBIX vs. SAXIX — Risk / Return Rank
IGBIX
SAXIX
IGBIX vs. SAXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Fund (IGBIX) and SA Global Fixed Income Fund (SAXIX). 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 | SAXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.38 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.26 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.04 | 7.27 | -7.31 |
Loading charts...
Drawdowns
IGBIX vs. SAXIX - Drawdown Comparison
The maximum IGBIX drawdown since its inception was -28.58%, which is greater than SAXIX's maximum drawdown of -9.94%. Use the drawdown chart below to compare losses from any high point for IGBIX and SAXIX.
Loading charts...
Drawdown Indicators
| IGBIX | SAXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -9.94% | -18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -1.59% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -2.65% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.38% | -9.84% | -16.54% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -9.94% | -18.64% |
Current DrawdownCurrent decline from peak | -15.06% | -0.45% | -14.61% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -1.90% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.48% | +1.86% |
Volatility
IGBIX vs. SAXIX - Volatility Comparison
Voya Global Bond Fund (IGBIX) has a higher volatility of 1.53% compared to SA Global Fixed Income Fund (SAXIX) at 0.54%. This indicates that IGBIX's price experiences larger fluctuations and is considered to be riskier than SAXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGBIX | SAXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.54% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 1.51% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 1.97% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 2.73% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 2.09% | +3.89% |
IGBIX vs. SAXIX - Expense Ratio Comparison
IGBIX has a 0.65% expense ratio, which is lower than SAXIX's 0.71% expense ratio.
Dividends
IGBIX vs. SAXIX - Dividend Comparison
IGBIX's dividend yield for the trailing twelve months is around 3.55%, less than SAXIX's 4.78% 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% |
SAXIX SA Global Fixed Income Fund | 4.78% | 4.85% | 6.01% | 0.00% | 3.58% | 0.00% | 2.16% | 2.83% | 2.11% | 0.85% | 1.25% | 0.80% |
Frequently Asked Questions
IGBIX and SAXIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.53%) compared to SAXIX (0.54%). In terms of maximum drawdown, IGBIX dropped -28.58% vs SAXIX's -9.94%.
SAXIX currently has the higher Sharpe Ratio (1.83 vs -0.01), 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.
Find the right allocation for IGBIX and SAXIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer