IIRGX vs. IIBAX
IIRGX (Voya Retirement Growth Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - IIRGX is a Diversified Portfolio fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, IIRGX returned 10.18%/yr vs 1.81%/yr for IIBAX. At a correlation of -0.06, they often move in opposite directions. IIRGX charges 0.26%/yr vs 0.69%/yr for IIBAX.
Performance
IIRGX vs. IIBAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IIRGX achieves a 7.97% return, which is significantly higher than IIBAX's 0.76% return. Over the past 10 years, IIRGX has outperformed IIBAX with an annualized return of 10.18%, while IIBAX has yielded a comparatively lower 1.81% annualized return.
IIRGX
- 1D
- 0.09%
- 1M
- -0.78%
- YTD
- 7.97%
- 6M
- 6.97%
- 1Y
- 18.85%
- 3Y*
- 15.98%
- 5Y*
- 8.56%
- 10Y*
- 10.18%
IIBAX
- 1D
- 0.46%
- 1M
- 0.94%
- YTD
- 0.76%
- 6M
- 1.01%
- 1Y
- 3.74%
- 3Y*
- 4.61%
- 5Y*
- 0.09%
- 10Y*
- 1.81%
IIRGX vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIRGX Voya Retirement Growth Portfolio | 7.97% | 16.01% | 14.97% | 18.48% | -16.36% | 15.94% | 14.05% | 22.14% | -9.13% | 17.15% |
IIBAX Voya Intermediate Bond Fund | 0.76% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between IIRGX and IIBAX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | -0.06 |
The correlation between IIRGX and IIBAX shifts across timeframes, from -0.06 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IIRGX vs. IIBAX — Risk / Return Rank
IIRGX
IIBAX
IIRGX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Growth Portfolio (IIRGX) and Voya Intermediate Bond Fund (IIBAX). 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.
| IIRGX | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.36 | +1.35 |
| Martin ratioReturn relative to average drawdown | 12.70 | 3.77 | +8.94 |
Loading charts...
Drawdowns
IIRGX vs. IIBAX - Drawdown Comparison
The maximum IIRGX drawdown since its inception was -56.97%, which is greater than IIBAX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for IIRGX and IIBAX.
Loading charts...
Drawdown Indicators
| IIRGX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.97% | -20.34% | -36.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -3.10% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.01% | -6.12% | -7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -20.01% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | -20.34% | -6.41% |
Current DrawdownCurrent decline from peak | -1.79% | -1.77% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -2.88% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.07% | +0.48% |
Volatility
IIRGX vs. IIBAX - Volatility Comparison
Voya Retirement Growth Portfolio (IIRGX) has a higher volatility of 3.94% compared to Voya Intermediate Bond Fund (IIBAX) at 1.29%. This indicates that IIRGX's price experiences larger fluctuations and is considered to be riskier than IIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IIRGX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 1.29% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 3.23% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 4.34% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 6.01% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.30% | 5.04% | +8.26% |
IIRGX vs. IIBAX - Expense Ratio Comparison
IIRGX has a 0.26% expense ratio, which is lower than IIBAX's 0.69% expense ratio.
Dividends
IIRGX vs. IIBAX - Dividend Comparison
IIRGX's dividend yield for the trailing twelve months is around 27.35%, more than IIBAX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | 3.57% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
IIRGX Voya Retirement Growth Portfolio | 27.35% | 29.53% | 8.53% | 10.23% | 18.26% | 6.16% | 6.49% | 9.65% | 9.24% | 9.08% | 7.96% | 2.20% |
Frequently Asked Questions
IIRGX and IIBAX 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.
IIRGX has higher volatility (3.94%) compared to IIBAX (1.29%). In terms of maximum drawdown, IIRGX dropped -56.97% vs IIBAX's -20.34%.
IIRGX currently has the higher Sharpe Ratio (1.92 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.
Find the right allocation for IIRGX and IIBAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer