IIBAX vs. IRSVX

Last updated Jun 23, 2026

IIBAX (Voya Intermediate Bond Fund) and IRSVX (Voya Target Retirement 2055 Fund) are both mutual funds - IIBAX is a Intermediate Core-Plus Bond fund managed by Voya, while IRSVX is a Target Retirement Date fund managed by Voya. Over the past 10 years, IIBAX returned 1.80%/yr vs 12.12%/yr for IRSVX. At a correlation of -0.00, they often move in opposite directions. IIBAX charges 0.69%/yr vs 0.24%/yr for IRSVX.

Performance

IIBAX vs. IRSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Intermediate Bond Fund (IIBAX) and Voya Target Retirement 2055 Fund (IRSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IIBAX achieves a 0.41% return, which is significantly lower than IRSVX's 12.83% return. Over the past 10 years, IIBAX has underperformed IRSVX with an annualized return of 1.80%, while IRSVX has yielded a comparatively higher 12.12% annualized return.

IIBAX

• 1D: 0.23%
• 1M: 0.94%
• YTD: 0.41%
• 6M: 0.78%
• 1Y: 3.98%
• 3Y*: 4.49%
• 5Y*: -0.10%
• 10Y*: 1.80%

IRSVX

• 1D: 1.14%
• 1M: 1.78%
• YTD: 12.83%
• 6M: 12.59%
• 1Y: 29.51%
• 3Y*: 19.02%
• 5Y*: 10.78%
• 10Y*: 12.12%

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

IIBAX vs. IRSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IIBAX Voya Intermediate Bond Fund	0.41%	6.42%	2.65%	7.04%	-15.11%	-1.79%	7.75%	9.57%	-0.59%	4.48%
IRSVX Voya Target Retirement 2055 Fund	12.83%	20.81%	15.47%	20.55%	-18.81%	18.89%	17.53%	25.28%	-9.29%	21.17%

Correlation

The correlation between IIBAX and IRSVX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012	-0.00

The correlation between IIBAX and IRSVX shifts across timeframes, from -0.00 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IIBAX vs. IRSVX — Risk / Return Rank

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

IIBAX

IIBAX Risk / Return Rank: 16
IIBAX Sharpe Ratio Rank: 15
IIBAX Sortino Ratio Rank: 16
IIBAX Omega Ratio Rank: 15
IIBAX Calmar Ratio Rank: 18
IIBAX Martin Ratio Rank: 16

IRSVX

IRSVX Risk / Return Rank: 80
IRSVX Sharpe Ratio Rank: 81
IRSVX Sortino Ratio Rank: 79
IRSVX Omega Ratio Rank: 76
IRSVX Calmar Ratio Rank: 78
IRSVX Martin Ratio Rank: 88

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. IRSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Intermediate Bond Fund (IIBAX) and Voya Target Retirement 2055 Fund (IRSVX). 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	IRSVX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	2.44	-1.41
Sortino ratio: Return per unit of downside risk	1.54	3.45	-1.91
Omega ratio: Gain probability vs. loss probability	1.19	1.45	-0.26
Calmar ratio: Return relative to maximum drawdown	1.44	3.36	-1.92
Martin ratio: Return relative to average drawdown	4.04	15.67	-11.62

IIBAX vs. IRSVX - Sharpe Ratio Comparison

The current IIBAX Sharpe Ratio is 1.03, which is lower than the IRSVX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of IIBAX and IRSVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IIBAX vs. IRSVX - Drawdown Comparison

The maximum IIBAX drawdown since its inception was -20.34%, smaller than the maximum IRSVX drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for IIBAX and IRSVX.

Drawdown Indicators

	IIBAX	IRSVX	Difference
Max Drawdown Largest peak-to-trough decline	-20.34%	-33.36%	+13.02%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-9.54%	+6.44%
Max Drawdown (3Y) Largest decline over 3 years	-6.12%	-16.04%	+9.92%
Max Drawdown (5Y) Largest decline over 5 years	-20.01%	-26.20%	+6.19%
Max Drawdown (10Y) Largest decline over 10 years	-20.34%	-33.36%	+13.02%
Current Drawdown Current decline from peak	-2.11%	-0.56%	-1.55%
Average Drawdown Average peak-to-trough decline	-2.88%	-4.51%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.97%	-0.91%

Volatility

IIBAX vs. IRSVX - Volatility Comparison

The current volatility for Voya Intermediate Bond Fund (IIBAX) is 1.35%, while Voya Target Retirement 2055 Fund (IRSVX) has a volatility of 5.03%. This indicates that IIBAX experiences smaller price fluctuations and is considered to be less risky than IRSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IIBAX	IRSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	5.03%	-3.68%
Volatility (6M) Calculated over the trailing 6-month period	3.20%	10.75%	-7.55%
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	13.12%	-8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	15.55%	-9.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	16.32%	-11.28%

IIBAX vs. IRSVX - Expense Ratio Comparison

IIBAX has a 0.69% expense ratio, which is higher than IRSVX's 0.24% expense ratio.

Dividends

IIBAX vs. IRSVX - Dividend Comparison

IIBAX's dividend yield for the trailing twelve months is around 3.59%, less than IRSVX's 10.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIBAX Voya Intermediate Bond Fund	3.59%	3.43%	4.50%	4.05%	1.98%	2.03%	4.69%	3.23%	2.93%	2.88%	2.96%	2.45%
IRSVX Voya Target Retirement 2055 Fund	10.39%	11.72%	3.23%	1.83%	6.02%	23.53%	2.22%	6.32%	7.08%	5.90%	1.76%	0.43%

Frequently Asked Questions

Can I hold both IIBAX and IRSVX in my portfolio?

IIBAX and IRSVX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IIBAX or IRSVX?

IRSVX has higher volatility (5.03%) compared to IIBAX (1.35%). In terms of maximum drawdown, IIBAX dropped -20.34% vs IRSVX's -33.36%.

Which has better risk-adjusted returns?

IRSVX currently has the higher Sharpe Ratio (2.44 vs 1.03), 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.