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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHYAX or FXAIX.
Key characteristics
| IHYAX | FXAIX | |
|---|---|---|
| YTD Return | 6.59% | 26.20% |
| 1Y Return | 11.97% | 33.96% |
| 3Y Return (Ann) | 1.13% | 10.01% |
| 5Y Return (Ann) | 2.95% | 15.63% |
| 10Y Return (Ann) | 3.79% | 13.22% |
| Sharpe Ratio | 3.30 | 2.81 |
| Sortino Ratio | 5.58 | 3.75 |
| Omega Ratio | 1.81 | 1.53 |
| Calmar Ratio | 1.40 | 4.05 |
| Martin Ratio | 21.58 | 18.33 |
| Ulcer Index | 0.55% | 1.87% |
| Daily Std Dev | 3.62% | 12.16% |
| Max Drawdown | -38.21% | -33.79% |
| Current Drawdown | -0.30% | -0.85% |
Correlation
The correlation between IHYAX and FXAIX is 0.41, 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.
Performance
IHYAX vs. FXAIX - Performance Comparison
In the year-to-date period, IHYAX achieves a 6.59% return, which is significantly lower than FXAIX's 26.20% return. Over the past 10 years, IHYAX has underperformed FXAIX with an annualized return of 3.79%, while FXAIX has yielded a comparatively higher 13.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
IHYAX vs. FXAIX - Risk-Adjusted Performance 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.
Dividends
IHYAX vs. FXAIX - Dividend Comparison
IHYAX's dividend yield for the trailing twelve months is around 6.35%, more than FXAIX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | 6.35% | 5.93% | 5.34% | 4.82% | 5.01% | 5.18% | 5.65% | 5.20% | 5.17% | 5.54% | 5.44% | 5.49% |
FXAIX Fidelity 500 Index Fund | 1.22% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
IHYAX vs. FXAIX - Drawdown Comparison
The maximum IHYAX drawdown since its inception was -38.21%, 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. For additional features, visit the drawdowns tool.
Volatility
IHYAX vs. FXAIX - Volatility Comparison
The current volatility for Voya High Yield Bond Fund (IHYAX) is 0.81%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.80%. 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.