IIBAX vs. AMFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Voya Intermediate Bond Fund (IIBAX) and AAMA Income Fund (AMFIX).

IIBAX is managed by Voya. It was launched on Dec 15, 1998. AMFIX is managed by AAMA. It was launched on Jun 30, 2017.

Performance

IIBAX vs. AMFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Intermediate Bond Fund (IIBAX) and AAMA Income Fund (AMFIX). The values are adjusted to include any dividend payments, if applicable.

IIBAX vs. AMFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IIBAX Voya Intermediate Bond Fund	-0.79%	6.42%	2.65%	7.04%	-15.11%	-1.79%	7.75%	9.57%	-0.59%	0.41%
AMFIX AAMA Income Fund	0.21%	3.74%	3.48%	3.84%	-6.26%	-1.37%	2.24%	2.47%	0.89%	-0.44%

Returns By Period

In the year-to-date period, IIBAX achieves a -0.79% return, which is significantly lower than AMFIX's 0.21% return.

IIBAX

• 1D: 0.46%
• 1M: -2.57%
• YTD: -0.79%
• 6M: -0.19%
• 1Y: 2.87%
• 3Y*: 3.83%
• 5Y*: 0.05%
• 10Y*: 1.82%

AMFIX

• 1D: 0.17%
• 1M: -0.49%
• YTD: 0.21%
• 6M: 1.06%
• 1Y: 2.97%
• 3Y*: 3.23%
• 5Y*: 0.72%
• 10Y*: —

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

IIBAX vs. AMFIX - Expense Ratio Comparison

IIBAX has a 0.69% expense ratio, which is lower than AMFIX's 0.92% expense ratio.

AMFIX

AAMA Income Fund

IIBAX

Voya Intermediate Bond Fund

Return for Risk

IIBAX vs. AMFIX — Risk / Return Rank

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

IIBAX

IIBAX Risk / Return Rank: 38
IIBAX Sharpe Ratio Rank: 45
IIBAX Sortino Ratio Rank: 43
IIBAX Omega Ratio Rank: 33
IIBAX Calmar Ratio Rank: 41
IIBAX Martin Ratio Rank: 26

AMFIX

AMFIX Risk / Return Rank: 98
AMFIX Sharpe Ratio Rank: 98
AMFIX Sortino Ratio Rank: 98
AMFIX Omega Ratio Rank: 97
AMFIX Calmar Ratio Rank: 97
AMFIX Martin Ratio Rank: 98

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.

IIBAX vs. AMFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Intermediate Bond Fund (IIBAX) and AAMA Income Fund (AMFIX). 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.

	IIBAX	AMFIX	Difference
Sharpe ratio Return per unit of total volatility	0.90	3.05	-2.15
Sortino ratio Return per unit of downside risk	1.30	4.95	-3.65
Omega ratio Gain probability vs. loss probability	1.16	1.69	-0.53
Calmar ratio Return relative to maximum drawdown	1.05	4.18	-3.12
Martin ratio Return relative to average drawdown	2.88	21.12	-18.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IIBAX vs. AMFIX - Sharpe Ratio Comparison

The current IIBAX Sharpe Ratio is 0.90, which is lower than the AMFIX Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of IIBAX and AMFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IIBAX	AMFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	3.05	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.34	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.56	+0.34

Correlation

The correlation between IIBAX and AMFIX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IIBAX vs. AMFIX - Dividend Comparison

IIBAX's dividend yield for the trailing twelve months is around 3.20%, more than AMFIX's 2.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIBAX Voya Intermediate Bond Fund	3.20%	3.43%	4.50%	4.05%	1.98%	2.03%	4.69%	3.23%	2.93%	2.88%	2.96%	2.45%
AMFIX AAMA Income Fund	2.22%	2.08%	2.44%	1.70%	0.83%	0.57%	0.83%	1.24%	1.24%	0.40%	0.00%	0.00%

Drawdowns

IIBAX vs. AMFIX - Drawdown Comparison

The maximum IIBAX drawdown since its inception was -20.34%, which is greater than AMFIX's maximum drawdown of -9.35%. Use the drawdown chart below to compare losses from any high point for IIBAX and AMFIX.

Drawdown Indicators

	IIBAX	AMFIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.34%	-9.35%	-10.99%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-0.74%	-2.31%
Max Drawdown (5Y) Largest decline over 5 years	-20.01%	-8.91%	-11.10%
Max Drawdown (10Y) Largest decline over 10 years	-20.34%	—	—
Current Drawdown Current decline from peak	-3.28%	-0.49%	-2.79%
Average Drawdown Average peak-to-trough decline	-2.88%	-2.06%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	0.15%	+0.97%

Volatility

IIBAX vs. AMFIX - Volatility Comparison

Voya Intermediate Bond Fund (IIBAX) has a higher volatility of 1.74% compared to AAMA Income Fund (AMFIX) at 0.48%. This indicates that IIBAX's price experiences larger fluctuations and is considered to be riskier than AMFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IIBAX	AMFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	0.48%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	0.72%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.89%	0.98%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.94%	2.16%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	1.75%	+3.25%