IGD vs. NXG

Last updated Jun 24, 2026

IGD (Voya Global Equity Dividend and Premium Opportunity Fund) and NXG (NXG NextGen Infrastructure Income Fund) are both Global Equity Income funds. Over the past 3 years, IGD returned 19.26%/yr vs 35.19%/yr for NXG. At a 0.37 correlation, their price movements are largely independent. IGD charges 0.01%/yr vs 1.00%/yr for NXG.

Performance

IGD vs. NXG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Global Equity Dividend and Premium Opportunity Fund (IGD) and NXG NextGen Infrastructure Income Fund (NXG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGD achieves a 13.22% return, which is significantly lower than NXG's 23.01% return.

IGD

• 1D: 0.81%
• 1M: -0.49%
• YTD: 13.22%
• 6M: 12.43%
• 1Y: 22.80%
• 3Y*: 19.26%
• 5Y*: 11.26%
• 10Y*: 9.46%

NXG

• 1D: -1.50%
• 1M: 2.51%
• YTD: 23.01%
• 6M: 24.66%
• 1Y: 36.02%
• 3Y*: 35.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGD vs. NXG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGD Voya Global Equity Dividend and Premium Opportunity Fund	13.22%	18.22%	22.44%	1.00%	6.01%
NXG NXG NextGen Infrastructure Income Fund	23.01%	25.98%	51.16%	4.54%	-4.87%

Correlation

The correlation between IGD and NXG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022	0.37

The correlation between IGD and NXG shifts across timeframes, from 0.26 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IGD vs. NXG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGD

IGD Risk / Return Rank: 58
IGD Sharpe Ratio Rank: 47
IGD Sortino Ratio Rank: 46
IGD Omega Ratio Rank: 43
IGD Calmar Ratio Rank: 84
IGD Martin Ratio Rank: 70

NXG

NXG Risk / Return Rank: 45
NXG Sharpe Ratio Rank: 47
NXG Sortino Ratio Rank: 41
NXG Omega Ratio Rank: 44
NXG Calmar Ratio Rank: 56
NXG Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGD vs. NXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Equity Dividend and Premium Opportunity Fund (IGD) and NXG NextGen Infrastructure Income Fund (NXG). 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.

	IGD	NXG	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.86	+0.01
Sortino ratio: Return per unit of downside risk	2.62	2.47	+0.15
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	3.70	2.74	+0.95
Martin ratio: Return relative to average drawdown	12.62	7.47	+5.15

IGD vs. NXG - Sharpe Ratio Comparison

The current IGD Sharpe Ratio is 1.87, which is comparable to the NXG Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IGD and NXG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGD vs. NXG - Drawdown Comparison

The maximum IGD drawdown since its inception was -59.29%, which is greater than NXG's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for IGD and NXG.

Drawdown Indicators

	IGD	NXG	Difference
Max Drawdown Largest peak-to-trough decline	-59.29%	-26.14%	-33.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-13.19%	+6.99%
Max Drawdown (3Y) Largest decline over 3 years	-11.01%	-26.14%	+15.13%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.03%	—	—
Current Drawdown Current decline from peak	-1.43%	-2.03%	+0.60%
Average Drawdown Average peak-to-trough decline	-9.87%	-6.54%	-3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	4.83%	-3.02%

Volatility

IGD vs. NXG - Volatility Comparison

The current volatility for Voya Global Equity Dividend and Premium Opportunity Fund (IGD) is 3.08%, while NXG NextGen Infrastructure Income Fund (NXG) has a volatility of 5.41%. This indicates that IGD experiences smaller price fluctuations and is considered to be less risky than NXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGD	NXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	5.41%	-2.33%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	13.94%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	19.44%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	26.76%	-12.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	26.76%	-10.15%

IGD vs. NXG - Expense Ratio Comparison

IGD has a 0.02% expense ratio, which is lower than NXG's 1.00% expense ratio.

Dividends

IGD vs. NXG - Dividend Comparison

IGD's dividend yield for the trailing twelve months is around 10.47%, less than NXG's 11.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGD Voya Global Equity Dividend and Premium Opportunity Fund	10.47%	11.36%	11.44%	9.66%	8.87%	7.73%	9.20%	10.47%	12.49%	9.45%	13.23%	13.03%
NXG NXG NextGen Infrastructure Income Fund	11.18%	12.83%	14.15%	12.00%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGD and NXG in my portfolio?

IGD and NXG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGD or NXG?

NXG has higher volatility (5.41%) compared to IGD (3.08%). In terms of maximum drawdown, IGD dropped -59.29% vs NXG's -26.14%.

Which has better risk-adjusted returns?

IGD currently has the higher Sharpe Ratio (1.87 vs 1.86), 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.