IIRSX vs. IIBAX
IIRSX (Voya Russell Small Cap Index Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - IIRSX is a Small Cap Blend Equities fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, IIRSX returned 10.54%/yr vs 1.51%/yr for IIBAX. Their 0.02 correlation means their historical movements had little consistent relationship. IIRSX charges 0.45%/yr vs 0.69%/yr for IIBAX.
Performance
IIRSX vs. IIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, IIRSX achieves a 20.07% return, which is significantly higher than IIBAX's -0.94% return. Over the past 10 years, IIRSX has outperformed IIBAX with an annualized return of 10.54%, while IIBAX has yielded a comparatively lower 1.51% annualized return.
IIRSX
- 1D
- -0.55%
- 1M
- -2.18%
- 6M
- 12.81%
- YTD
- 20.07%
- 1Y
- 35.56%
- 3Y*
- 15.49%
- 5Y*
- 7.12%
- 10Y*
- 10.54%
- ALL TIME*
- 6.22%
IIBAX
- 1D
- -0.23%
- 1M
- -1.72%
- 6M
- -1.08%
- YTD
- -0.94%
- 1Y
- 1.50%
- 3Y*
- 4.09%
- 5Y*
- -0.56%
- 10Y*
- 1.51%
- ALL TIME*
- 4.00%
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 |
IIRSX vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIRSX Voya Russell Small Cap Index Portfolio | 20.07% | 12.84% | 11.14% | 16.61% | -20.58% | 14.32% | 19.15% | 24.63% | -11.26% | 14.32% |
IIBAX Voya Intermediate Bond Fund | -0.94% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between IIRSX and IIBAX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2002 | 0.02 |
Over the past year, IIRSX and IIBAX have become more correlated (0.36) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
IIRSX vs. IIBAX — Risk / Return Rank
IIRSX
IIBAX
IIRSX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Russell Small Cap Index Portfolio (IIRSX) 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.
| IIRSX | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.07 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 0.52 | +2.99 |
| Martin ratioReturn relative to average drawdown | 12.13 | 1.29 | +10.85 |
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Drawdowns
IIRSX vs. IIBAX - Drawdown Comparison
The maximum IIRSX drawdown since its inception was -63.18%, which is greater than IIBAX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for IIRSX and IIBAX.
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Drawdown Indicators
| IIRSX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -20.34% | -42.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -3.10% | -7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -27.95% | -5.20% | -22.75% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -19.98% | -12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -20.34% | -21.98% |
Current DrawdownCurrent decline from peak | -3.04% | -3.43% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -11.37% | -2.88% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.21% | +1.93% |
Volatility
IIRSX vs. IIBAX - Volatility Comparison
Voya Russell Small Cap Index Portfolio (IIRSX) has a higher volatility of 3.84% compared to Voya Intermediate Bond Fund (IIBAX) at 1.02%. This indicates that IIRSX'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.
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Volatility by Period
| IIRSX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 1.02% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 3.32% | +14.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 4.26% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 6.01% | +17.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 5.04% | +18.89% |
IIRSX vs. IIBAX - Expense Ratio Comparison
IIRSX has a 0.45% expense ratio, which is lower than IIBAX's 0.69% expense ratio.
Dividends
IIRSX vs. IIBAX - Dividend Comparison
IIRSX's dividend yield for the trailing twelve months is around 14.15%, more than IIBAX's 3.30% 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% |
IIRSX Voya Russell Small Cap Index Portfolio | 14.15% | 12.31% | 7.55% | 5.71% | 11.02% | 0.61% | 6.29% | 12.33% | 8.34% | 7.95% | 12.75% | 11.26% |
Frequently Asked Questions
IIRSX and IIBAX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIRSX has higher volatility (3.84%) compared to IIBAX (1.02%). In terms of maximum drawdown, IIRSX dropped -63.18% vs IIBAX's -20.34%.
IIRSX currently has the higher Sharpe Ratio (1.76 vs 0.38), 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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