IIBAX vs. FIPDX
Compare and contrast key facts about Voya Intermediate Bond Fund (IIBAX) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
IIBAX is managed by Voya. It was launched on Dec 15, 1998. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IIBAX or FIPDX.
Correlation
The correlation between IIBAX and FIPDX is 0.75, 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.
Performance
IIBAX vs. FIPDX - Performance Comparison
Key characteristics
IIBAX:
0.57
FIPDX:
0.80
IIBAX:
0.85
FIPDX:
1.12
IIBAX:
1.10
FIPDX:
1.14
IIBAX:
0.23
FIPDX:
0.32
IIBAX:
1.49
FIPDX:
2.15
IIBAX:
2.10%
FIPDX:
1.63%
IIBAX:
5.44%
FIPDX:
4.35%
IIBAX:
-20.26%
FIPDX:
-14.29%
IIBAX:
-7.86%
FIPDX:
-6.23%
Returns By Period
In the year-to-date period, IIBAX achieves a 0.23% return, which is significantly lower than FIPDX's 1.24% return. Over the past 10 years, IIBAX has outperformed FIPDX with an annualized return of 1.45%, while FIPDX has yielded a comparatively lower 1.28% annualized return.
IIBAX
0.23%
0.23%
-0.92%
2.66%
-0.62%
1.45%
FIPDX
1.24%
1.24%
-0.08%
2.66%
1.42%
1.28%
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IIBAX vs. FIPDX - Expense Ratio Comparison
IIBAX has a 0.69% expense ratio, which is higher than FIPDX's 0.05% expense ratio.
Risk-Adjusted Performance
IIBAX vs. FIPDX — Risk-Adjusted Performance Rank
IIBAX
FIPDX
IIBAX vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Intermediate Bond Fund (IIBAX) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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
IIBAX vs. FIPDX - Dividend Comparison
IIBAX's dividend yield for the trailing twelve months is around 4.50%, more than FIPDX's 3.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | 4.50% | 4.88% | 3.91% | 2.90% | 2.51% | 3.12% | 3.16% | 2.95% | 2.90% | 2.99% | 2.44% | 2.83% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.67% | 3.75% | 3.62% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% |
Drawdowns
IIBAX vs. FIPDX - Drawdown Comparison
The maximum IIBAX drawdown since its inception was -20.26%, which is greater than FIPDX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for IIBAX and FIPDX. For additional features, visit the drawdowns tool.
Volatility
IIBAX vs. FIPDX - Volatility Comparison
Voya Intermediate Bond Fund (IIBAX) has a higher volatility of 1.41% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 1.06%. This indicates that IIBAX's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.