IHYAX vs. ATLAX
Compare and contrast key facts about Voya High Yield Bond Fund (IHYAX) and Atlas U.S. Tactical Income Fund (ATLAX).
IHYAX is managed by Voya. It was launched on Dec 15, 1998. ATLAX is managed by Voya. It was launched on Sep 29, 2015.
Performance
IHYAX vs. ATLAX - Performance Comparison
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IHYAX vs. ATLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | -1.30% | 6.99% | 6.45% | 10.63% | -13.95% | 3.71% | 5.54% | 14.51% | -3.38% | 5.85% |
ATLAX Atlas U.S. Tactical Income Fund | -1.23% | 13.62% | 4.51% | 9.92% | -23.76% | -1.25% | 1.46% | 4.27% | -8.13% | 2.39% |
Returns By Period
In the year-to-date period, IHYAX achieves a -1.30% return, which is significantly lower than ATLAX's -1.23% return. Over the past 10 years, IHYAX has outperformed ATLAX with an annualized return of 4.20%, while ATLAX has yielded a comparatively lower -0.23% annualized return.
IHYAX
- 1D
- 0.73%
- 1M
- -1.57%
- YTD
- -1.30%
- 6M
- -0.30%
- 1Y
- 4.44%
- 3Y*
- 6.18%
- 5Y*
- 2.17%
- 10Y*
- 4.20%
ATLAX
- 1D
- 0.93%
- 1M
- -2.58%
- YTD
- -1.23%
- 6M
- 1.12%
- 1Y
- 8.58%
- 3Y*
- 8.06%
- 5Y*
- -0.62%
- 10Y*
- -0.23%
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IHYAX vs. ATLAX - Expense Ratio Comparison
IHYAX has a 1.04% expense ratio, which is lower than ATLAX's 1.18% expense ratio.
Return for Risk
IHYAX vs. ATLAX — Risk / Return Rank
IHYAX
ATLAX
IHYAX vs. ATLAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Bond Fund (IHYAX) and Atlas U.S. Tactical Income Fund (ATLAX). 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.
| IHYAX | ATLAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.31 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.83 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.65 | -0.41 |
Martin ratioReturn relative to average drawdown | 5.02 | 6.43 | -1.41 |
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
| IHYAX | ATLAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.31 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | -0.07 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | -0.01 | +0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.01 | +0.97 |
Correlation
The correlation between IHYAX and ATLAX is 0.51, 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
IHYAX vs. ATLAX - Dividend Comparison
IHYAX's dividend yield for the trailing twelve months is around 4.40%, less than ATLAX's 5.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | 4.40% | 4.98% | 5.93% | 4.91% | 5.38% | 4.01% | 5.00% | 5.17% | 5.63% | 5.21% | 5.14% | 5.54% |
ATLAX Atlas U.S. Tactical Income Fund | 5.31% | 4.68% | 5.15% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IHYAX vs. ATLAX - Drawdown Comparison
The maximum IHYAX drawdown since its inception was -38.22%, roughly equal to the maximum ATLAX drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for IHYAX and ATLAX.
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Drawdown Indicators
| IHYAX | ATLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -39.28% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -5.44% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -31.49% | +14.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.25% | -39.28% | +19.03% |
Current DrawdownCurrent decline from peak | -1.74% | -15.54% | +13.80% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -14.58% | +11.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.46% | -0.70% |
Volatility
IHYAX vs. ATLAX - Volatility Comparison
The current volatility for Voya High Yield Bond Fund (IHYAX) is 1.62%, while Atlas U.S. Tactical Income Fund (ATLAX) has a volatility of 2.83%. This indicates that IHYAX experiences smaller price fluctuations and is considered to be less risky than ATLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYAX | ATLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.83% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 3.92% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 7.10% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 8.89% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 16.44% | -10.98% |