IIBAX vs. BTC-USD
IIBAX (Voya Intermediate Bond Fund) is Intermediate Core-Plus Bond fund managed by Voya, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IIBAX returned 1.74%/yr vs 56.84%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
IIBAX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IIBAX achieves a -0.05% return, which is significantly higher than BTC-USD's -27.34% return. Over the past 10 years, IIBAX has underperformed BTC-USD with an annualized return of 1.74%, while BTC-USD has yielded a comparatively higher 56.84% annualized return.
IIBAX
- 1D
- -0.11%
- 1M
- 0.02%
- YTD
- -0.05%
- 6M
- 0.21%
- 1Y
- 3.74%
- 3Y*
- 4.37%
- 5Y*
- -0.17%
- 10Y*
- 1.74%
BTC-USD
- 1D
- 3.47%
- 1M
- -21.00%
- YTD
- -27.34%
- 6M
- -31.30%
- 1Y
- -41.49%
- 3Y*
- 34.89%
- 5Y*
- 12.33%
- 10Y*
- 56.84%
IIBAX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | -0.05% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
BTC-USD Bitcoin | -27.34% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between IIBAX and BTC-USD is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.01 |
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Return for Risk
IIBAX vs. BTC-USD — Risk / Return Rank
IIBAX
BTC-USD
IIBAX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Intermediate Bond Fund (IIBAX) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IIBAX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.81 | +2.25 |
| Martin ratioReturn relative to average drawdown | 4.12 | -1.42 | +5.54 |
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Drawdowns
IIBAX vs. BTC-USD - Drawdown Comparison
The maximum IIBAX drawdown since its inception was -20.34%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IIBAX and BTC-USD.
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Drawdown Indicators
| IIBAX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.34% | -85.30% | +64.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -51.21% | +48.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -51.21% | +45.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -76.67% | +56.66% |
Max Drawdown (10Y)Largest decline over 10 years | -20.34% | -83.80% | +63.46% |
Current DrawdownCurrent decline from peak | -2.56% | -49.02% | +46.46% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -42.34% | +39.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 34.89% | -33.84% |
Volatility
IIBAX vs. BTC-USD - Volatility Comparison
The current volatility for Voya Intermediate Bond Fund (IIBAX) is 1.53%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that IIBAX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIBAX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 12.11% | -10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 34.67% | -31.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 35.64% | -31.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 44.75% | -38.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 56.63% | -51.60% |
Frequently Asked Questions
IIBAX and BTC-USD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.11%) compared to IIBAX (1.53%). In terms of maximum drawdown, IIBAX dropped -20.34% vs BTC-USD's -85.30%.
IIBAX currently has the higher Sharpe Ratio (1.04 vs -0.97), 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.
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