IHYAX vs. FXAIX
Compare and contrast key facts about Voya High Yield Bond Fund (IHYAX) and Fidelity 500 Index Fund (FXAIX).
IHYAX is managed by Voya. It was launched on Dec 15, 1998. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
IHYAX vs. FXAIX - Performance Comparison
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IHYAX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | -2.02% | 6.99% | 6.45% | 10.63% | -13.95% | 3.71% | 5.54% | 14.51% | -3.38% | 5.85% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, IHYAX achieves a -2.02% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, IHYAX has underperformed FXAIX with an annualized return of 4.12%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
IHYAX
- 1D
- 0.15%
- 1M
- -2.42%
- YTD
- -2.02%
- 6M
- -1.03%
- 1Y
- 3.99%
- 3Y*
- 5.92%
- 5Y*
- 2.05%
- 10Y*
- 4.12%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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IHYAX vs. FXAIX - Expense Ratio Comparison
IHYAX has a 1.04% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
IHYAX vs. FXAIX — Risk / Return Rank
IHYAX
FXAIX
IHYAX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Bond Fund (IHYAX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.84 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.30 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.05 | -0.06 |
Martin ratioReturn relative to average drawdown | 4.07 | 5.13 | -1.06 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.84 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.68 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.77 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.75 | +0.22 |
Correlation
The correlation between IHYAX and FXAIX is 0.42, 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. FXAIX - Dividend Comparison
IHYAX's dividend yield for the trailing twelve months is around 4.43%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | 4.43% | 4.98% | 5.93% | 4.91% | 5.38% | 4.01% | 5.00% | 5.17% | 5.63% | 5.21% | 5.14% | 5.54% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
IHYAX vs. FXAIX - Drawdown Comparison
The maximum IHYAX drawdown since its inception was -38.22%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for IHYAX and FXAIX.
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Drawdown Indicators
| IHYAX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -33.79% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -12.13% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -24.50% | +7.36% |
Max Drawdown (10Y)Largest decline over 10 years | -20.25% | -33.79% | +13.54% |
Current DrawdownCurrent decline from peak | -2.45% | -8.89% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -3.83% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.50% | -1.71% |
Volatility
IHYAX vs. FXAIX - Volatility Comparison
The current volatility for Voya High Yield Bond Fund (IHYAX) is 1.38%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.24%. This indicates that IHYAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYAX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 4.24% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 9.08% | -6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 18.13% | -14.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 16.88% | -11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 18.03% | -12.57% |