IGMIX vs. FMIEX

Last updated Jun 4, 2026

IGMIX (VY Invesco Oppenheimer Global Portfolio) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, IGMIX returned 12.45%/yr vs 11.49%/yr for FMIEX. A 0.77 correlation means they provide meaningful diversification when combined. IGMIX charges 0.80%/yr vs 1.10%/yr for FMIEX.

Performance

IGMIX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Oppenheimer Global Portfolio (IGMIX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGMIX achieves a 11.34% return, which is significantly lower than FMIEX's 13.17% return. Over the past 10 years, IGMIX has outperformed FMIEX with an annualized return of 12.45%, while FMIEX has yielded a comparatively lower 11.49% annualized return.

IGMIX

• 1D: 1.10%
• 1M: 7.76%
• YTD: 11.34%
• 6M: 11.03%
• 1Y: 30.25%
• 3Y*: 17.57%
• 5Y*: 7.43%
• 10Y*: 12.45%

FMIEX

• 1D: 0.16%
• 1M: 0.56%
• YTD: 13.17%
• 6M: 15.54%
• 1Y: 29.59%
• 3Y*: 19.56%
• 5Y*: 11.24%
• 10Y*: 11.49%

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

IGMIX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGMIX VY Invesco Oppenheimer Global Portfolio	11.34%	24.34%	6.81%	32.60%	-31.74%	15.39%	27.76%	31.41%	-13.19%	36.49%
FMIEX Wasatch Global Value Fund Investor Class Shares	13.17%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between IGMIX and FMIEX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 4, 2002	0.77

Over the past year, the correlation between IGMIX and FMIEX has dropped to 0.49 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

IGMIX vs. FMIEX — Risk / Return Rank

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

IGMIX

IGMIX Risk / Return Rank: 53
IGMIX Sharpe Ratio Rank: 49
IGMIX Sortino Ratio Rank: 45
IGMIX Omega Ratio Rank: 42
IGMIX Calmar Ratio Rank: 64
IGMIX Martin Ratio Rank: 62

FMIEX

FMIEX Risk / Return Rank: 89
FMIEX Sharpe Ratio Rank: 93
FMIEX Sortino Ratio Rank: 92
FMIEX Omega Ratio Rank: 84
FMIEX Calmar Ratio Rank: 87
FMIEX Martin Ratio Rank: 88

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.

IGMIX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Oppenheimer Global Portfolio (IGMIX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	IGMIX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	3.21	-1.14
Sortino ratio: Return per unit of downside risk	2.81	4.61	-1.80
Omega ratio: Gain probability vs. loss probability	1.35	1.56	-0.21
Calmar ratio: Return relative to maximum drawdown	3.09	4.24	-1.15
Martin ratio: Return relative to average drawdown	12.29	17.24	-4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGMIX vs. FMIEX - Sharpe Ratio Comparison

The current IGMIX Sharpe Ratio is 2.07, which is lower than the FMIEX Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of IGMIX and FMIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGMIX	FMIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	3.21	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.89	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.73	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.60	-0.27

Drawdowns

IGMIX vs. FMIEX - Drawdown Comparison

The maximum IGMIX drawdown since its inception was -54.68%, which is greater than FMIEX's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for IGMIX and FMIEX.

Drawdown Indicators

	IGMIX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-49.85%	-4.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-7.04%	-4.29%
Max Drawdown (3Y) Largest decline over 3 years	-26.93%	-9.52%	-17.41%
Max Drawdown (5Y) Largest decline over 5 years	-41.51%	-18.63%	-22.88%
Max Drawdown (10Y) Largest decline over 10 years	-41.51%	-39.33%	-2.18%
Current Drawdown Current decline from peak	0.00%	-1.26%	+1.26%
Average Drawdown Average peak-to-trough decline	-13.89%	-6.58%	-7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	1.73%	+0.97%

Volatility

IGMIX vs. FMIEX - Volatility Comparison

VY Invesco Oppenheimer Global Portfolio (IGMIX) has a higher volatility of 5.34% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.82%. This indicates that IGMIX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGMIX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	2.82%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	7.22%	+6.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	9.30%	+7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.14%	12.73%	+10.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.84%	15.72%	+6.12%

IGMIX vs. FMIEX - Expense Ratio Comparison

IGMIX has a 0.80% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

IGMIX vs. FMIEX - Dividend Comparison

IGMIX's dividend yield for the trailing twelve months is around 23.61%, more than FMIEX's 5.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	5.05%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
IGMIX VY Invesco Oppenheimer Global Portfolio	23.61%	7.32%	101.91%	11.19%	19.30%	4.38%	3.99%	18.95%	10.27%	1.11%	8.51%	9.89%

Frequently Asked Questions

Can I hold both IGMIX and FMIEX in my portfolio?

IGMIX and FMIEX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGMIX or FMIEX?

IGMIX has higher volatility (5.34%) compared to FMIEX (2.82%). In terms of maximum drawdown, IGMIX dropped -54.68% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (3.21 vs 2.07), 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.