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IIBAX vs. IUVF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IIBAX vs. IUVF.L

Last updated Jun 12, 2026

IIBAX (Voya Intermediate Bond Fund) and IUVF.L (iShares Edge MSCI USA Value Factor UCITS) are both funds - IIBAX is a Intermediate Core-Plus Bond fund managed by Voya, while IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Over the past 5 years, IIBAX returned -0.17%/yr vs 15.04%/yr for IUVF.L. At a 0.02 correlation, their price movements are largely independent. IIBAX charges 0.69%/yr vs 0.20%/yr for IUVF.L.

Performance

IIBAX vs. IUVF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Intermediate Bond Fund (IIBAX) and iShares Edge MSCI USA Value Factor UCITS (IUVF.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IIBAX is traded in USD, while IUVF.L is traded in GBp. To make them comparable, the IUVF.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IIBAX achieves a -0.05% return, which is significantly lower than IUVF.L's 40.87% 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%

IUVF.L

1D
0.54%
1M
7.62%
YTD
40.87%
6M
41.96%
1Y
77.88%
3Y*
30.51%
5Y*
15.04%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IIBAX vs. IUVF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		40.87%33.27%6.43%13.99%-14.83%30.10%-1.83%27.01%-12.42%21.44%

Correlation

The correlation between IIBAX and IUVF.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2016

0.02

The correlation between IIBAX and IUVF.L shifts across timeframes, from 0.02 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.

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Voya Intermediate Bond Fund

iShares Edge MSCI USA Value Factor UCITS

Often compared with IIBAX:
IIBAX vs. JMSIXIIBAX vs. VTTHXIIBAX vs. VBTLXIIBAX vs. FIPDXIIBAX vs. FXAIXIIBAX vs. IGDIIBAX vs. VOO
Often compared with IUVF.L:
IUVF.L vs. VTVIUVF.L vs. VLUEIUVF.L vs. VIVAXIUVF.L vs. EWSP.LIUVF.L vs. JREG.LIUVF.L vs. JREU.LIUVF.L vs. URTH

Return for Risk

IIBAX vs. IUVF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IIBAX
IIBAX Risk / Return Rank: 2020
Overall Rank
IIBAX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IIBAX Sortino Ratio Rank: 2020
Sortino Ratio Rank
IIBAX Omega Ratio Rank: 1818
Omega Ratio Rank
IIBAX Calmar Ratio Rank: 2222
Calmar Ratio Rank
IIBAX Martin Ratio Rank: 1919
Martin Ratio Rank
IUVF.L
IUVF.L Risk / Return Rank: 9898
Overall Rank
IUVF.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVF.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVF.L Omega Ratio Rank: 9797
Omega Ratio Rank
IUVF.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
IUVF.L Martin Ratio Rank: 9898
Martin Ratio Rank
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. IUVF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Intermediate Bond Fund (IIBAX) and iShares Edge MSCI USA Value Factor UCITS (IUVF.L). 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.

IIBAXIUVF.LDifference
Sharpe ratioReturn per unit of total volatility
1.04
4.70

-3.66

Sortino ratioReturn per unit of downside risk
1.55
6.41

-4.86

Omega ratioGain probability vs. loss probability

1.19

1.79

-0.61

Calmar ratioReturn relative to maximum drawdown

1.44

10.03

-8.59

Martin ratioReturn relative to average drawdown

4.12

39.11

-34.99

IIBAX vs. IUVF.L - Sharpe Ratio Comparison

The current IIBAX Sharpe Ratio is 1.04, which is lower than the IUVF.L Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of IIBAX and IUVF.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IIBAX vs. IUVF.L - Drawdown Comparison

The maximum IIBAX drawdown since its inception was -20.34%, smaller than the maximum IUVF.L drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for IIBAX and IUVF.L.

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Drawdown Indicators

IIBAXIUVF.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.34%

-39.29%

+18.95%

Max Drawdown (1Y)

Largest decline over 1 year

-3.10%

-7.73%

+4.63%

Max Drawdown (3Y)

Largest decline over 3 years

-6.12%

-18.56%

+12.44%

Max Drawdown (5Y)

Largest decline over 5 years

-20.01%

-27.00%

+6.99%

Max Drawdown (10Y)

Largest decline over 10 years

-20.34%

—

—

Current Drawdown

Current decline from peak

-2.56%

-4.70%

+2.14%

Average Drawdown

Average peak-to-trough decline

-2.88%

-7.38%

+4.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.05%

1.98%

-0.93%

Volatility

IIBAX vs. IUVF.L - Volatility Comparison

The current volatility for Voya Intermediate Bond Fund (IIBAX) is 1.53%, while iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a volatility of 7.37%. This indicates that IIBAX experiences smaller price fluctuations and is considered to be less risky than IUVF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IIBAXIUVF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.53%

7.37%

-5.84%

Volatility (6M)

Calculated over the trailing 6-month period

3.14%

13.29%

-10.15%

Volatility (1Y)

Calculated over the trailing 1-year period

4.30%

16.48%

-12.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.00%

17.52%

-11.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.03%

18.97%

-13.94%

IIBAX vs. IUVF.L - Expense Ratio Comparison

IIBAX has a 0.69% expense ratio, which is higher than IUVF.L's 0.20% expense ratio.

Dividends

IIBAX vs. IUVF.L - Dividend Comparison

IIBAX's dividend yield for the trailing twelve months is around 3.60%, while IUVF.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IIBAX
Voya Intermediate Bond Fund		3.60%3.43%4.50%4.05%1.98%2.03%4.69%3.23%2.93%2.88%2.96%2.45%
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IIBAX and IUVF.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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