IIRLX vs. IGBIX
IIRLX (Voya Russell Large Cap Index Portfolio) and IGBIX (Voya Global Bond Fund) are both mutual funds - IIRLX is a Large Cap Blend Equities fund managed by Voya, while IGBIX is a Global Bonds fund managed by Voya. Over the past 10 years, IIRLX returned 15.64%/yr vs 0.42%/yr for IGBIX. Their 0.10 correlation means their historical movements had little consistent relationship. IIRLX charges 0.36%/yr vs 0.65%/yr for IGBIX.
Performance
IIRLX vs. IGBIX - Performance Comparison
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Returns By Period
In the year-to-date period, IIRLX achieves a 8.74% return, which is significantly higher than IGBIX's -2.03% return. Over the past 10 years, IIRLX has outperformed IGBIX with an annualized return of 15.64%, while IGBIX has yielded a comparatively lower 0.42% annualized return.
IIRLX
- 1D
- 0.86%
- 1M
- -0.02%
- 6M
- 7.19%
- YTD
- 8.74%
- 1Y
- 18.79%
- 3Y*
- 20.02%
- 5Y*
- 13.02%
- 10Y*
- 15.64%
- ALL TIME*
- 11.96%
IGBIX
- 1D
- -0.14%
- 1M
- -0.99%
- 6M
- -2.27%
- YTD
- -2.03%
- 1Y
- -0.48%
- 3Y*
- 2.63%
- 5Y*
- -2.61%
- 10Y*
- 0.42%
- ALL TIME*
- 2.87%
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 |
IIRLX vs. IGBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIRLX Voya Russell Large Cap Index Portfolio | 8.74% | 18.77% | 26.95% | 29.41% | -20.07% | 27.26% | 21.71% | 31.18% | -3.45% | 22.58% |
IGBIX Voya Global Bond Fund | -2.03% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
Correlation
The correlation between IIRLX and IGBIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2008 | 0.10 |
Over the past year, IIRLX and IGBIX have become more correlated (0.40) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
IIRLX vs. IGBIX — Risk / Return Rank
IIRLX
IGBIX
IIRLX vs. IGBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Russell Large Cap Index Portfolio (IIRLX) and Voya Global Bond Fund (IGBIX). 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.
| IIRLX | IGBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.99 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | -0.10 | +2.18 |
| Martin ratioReturn relative to average drawdown | 8.15 | -0.22 | +8.36 |
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Drawdowns
IIRLX vs. IGBIX - Drawdown Comparison
The maximum IIRLX drawdown since its inception was -50.33%, which is greater than IGBIX's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for IIRLX and IGBIX.
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Drawdown Indicators
| IIRLX | IGBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.33% | -28.58% | -21.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -5.27% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.58% | -7.21% | -12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -26.38% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -32.60% | -28.58% | -4.02% |
Current DrawdownCurrent decline from peak | -2.12% | -15.18% | +13.06% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -6.07% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.36% | +0.06% |
Volatility
IIRLX vs. IGBIX - Volatility Comparison
Voya Russell Large Cap Index Portfolio (IIRLX) has a higher volatility of 3.97% compared to Voya Global Bond Fund (IGBIX) at 1.51%. This indicates that IIRLX's price experiences larger fluctuations and is considered to be riskier than IGBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIRLX | IGBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 1.51% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 4.74% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 5.86% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 6.74% | +11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 5.98% | +12.56% |
IIRLX vs. IGBIX - Expense Ratio Comparison
IIRLX has a 0.36% expense ratio, which is lower than IGBIX's 0.65% expense ratio.
Dividends
IIRLX vs. IGBIX - Dividend Comparison
IIRLX's dividend yield for the trailing twelve months is around 4.87%, more than IGBIX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | 3.55% | 3.44% | 4.58% | 3.35% | 3.31% | 4.04% | 4.43% | 4.66% | 4.75% | 4.84% | 4.69% | 4.72% |
IIRLX Voya Russell Large Cap Index Portfolio | 4.87% | 3.76% | 0.96% | 1.14% | 5.04% | 4.77% | 4.71% | 4.35% | 1.73% | 1.47% | 1.77% | 1.66% |
Frequently Asked Questions
IIRLX and IGBIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIRLX has higher volatility (3.97%) compared to IGBIX (1.51%). In terms of maximum drawdown, IIRLX dropped -50.33% vs IGBIX's -28.58%.
IIRLX currently has the higher Sharpe Ratio (1.40 vs -0.09), 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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