IIBAX vs. TCMSX
IIBAX (Voya Intermediate Bond Fund) and TCMSX (Voya Small Cap Growth Fund) are both mutual funds - IIBAX is a Intermediate Core-Plus Bond fund managed by Voya, while TCMSX is a Small Cap Growth Equities fund managed by Voya. Over the past 10 years, IIBAX returned 1.51%/yr vs 14.04%/yr for TCMSX. Their -0.11 correlation means they have often moved in opposite directions in the past. IIBAX charges 0.69%/yr vs 0.93%/yr for TCMSX.
Performance
IIBAX vs. TCMSX - Performance Comparison
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Returns By Period
In the year-to-date period, IIBAX achieves a -0.71% return, which is significantly lower than TCMSX's 14.56% return. Over the past 10 years, IIBAX has underperformed TCMSX with an annualized return of 1.51%, while TCMSX has yielded a comparatively higher 14.04% annualized return.
IIBAX
- 1D
- 0.00%
- 1M
- -1.49%
- 6M
- -0.96%
- YTD
- -0.71%
- 1Y
- 1.73%
- 3Y*
- 4.01%
- 5Y*
- -0.51%
- 10Y*
- 1.51%
- ALL TIME*
- 4.01%
TCMSX
- 1D
- 2.56%
- 1M
- -6.37%
- 6M
- 7.91%
- YTD
- 14.56%
- 1Y
- 33.33%
- 3Y*
- 17.08%
- 5Y*
- 8.38%
- 10Y*
- 14.04%
- ALL TIME*
- 11.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IIBAX vs. TCMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | -0.71% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
TCMSX Voya Small Cap Growth Fund | 14.56% | 14.32% | 18.46% | 20.32% | -23.60% | 18.45% | 27.99% | 33.27% | -6.04% | 24.78% |
Correlation
The correlation between IIBAX and TCMSX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.11 |
The correlation between IIBAX and TCMSX shifts across timeframes, from -0.11 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IIBAX vs. TCMSX — Risk / Return Rank
IIBAX
TCMSX
IIBAX vs. TCMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Intermediate Bond Fund (IIBAX) and Voya Small Cap Growth Fund (TCMSX). 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 | TCMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.03 | -1.30 |
| Martin ratioReturn relative to average drawdown | 1.83 | 7.18 | -5.35 |
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Drawdowns
IIBAX vs. TCMSX - Drawdown Comparison
The maximum IIBAX drawdown since its inception was -20.34%, smaller than the maximum TCMSX drawdown of -55.98%. Use the drawdown chart below to compare losses from any high point for IIBAX and TCMSX.
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Drawdown Indicators
| IIBAX | TCMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.34% | -55.98% | +35.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -16.86% | +13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -30.74% | +25.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -34.60% | +14.59% |
Max Drawdown (10Y)Largest decline over 10 years | -20.34% | -39.29% | +18.95% |
Current DrawdownCurrent decline from peak | -3.21% | -9.45% | +6.24% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -11.71% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 4.60% | -3.39% |
Volatility
IIBAX vs. TCMSX - Volatility Comparison
The current volatility for Voya Intermediate Bond Fund (IIBAX) is 1.02%, while Voya Small Cap Growth Fund (TCMSX) has a volatility of 5.90%. This indicates that IIBAX experiences smaller price fluctuations and is considered to be less risky than TCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIBAX | TCMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 5.90% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 19.21% | -15.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 24.38% | -20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 24.61% | -18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 23.73% | -18.69% |
IIBAX vs. TCMSX - Expense Ratio Comparison
IIBAX has a 0.69% expense ratio, which is lower than TCMSX's 0.93% expense ratio.
Dividends
IIBAX vs. TCMSX - Dividend Comparison
IIBAX's dividend yield for the trailing twelve months is around 3.30%, less than TCMSX's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | 3.30% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
TCMSX Voya Small Cap Growth Fund | 4.86% | 5.57% | 10.53% | 0.00% | 0.00% | 20.02% | 6.69% | 1.40% | 14.82% | 16.10% | 0.00% | 16.82% |
Frequently Asked Questions
IIBAX and TCMSX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCMSX has higher volatility (5.90%) compared to IIBAX (1.02%). In terms of maximum drawdown, IIBAX dropped -20.34% vs TCMSX's -55.98%.
TCMSX currently has the higher Sharpe Ratio (1.41 vs 0.54), 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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