IISBX vs. GPARX
IISBX (Voya Short Term Bond Fund) and GPARX (GuidePath Absolute Return Allocation Fund) are both Short-Term Bond funds. Over the past 10 years, IISBX returned 2.00%/yr vs 3.35%/yr for GPARX. At a 0.40 correlation, their price movements are largely independent. IISBX charges 0.35%/yr vs 0.99%/yr for GPARX.
Performance
IISBX vs. GPARX - Performance Comparison
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Returns By Period
In the year-to-date period, IISBX achieves a 0.45% return, which is significantly lower than GPARX's 8.20% return. Over the past 10 years, IISBX has underperformed GPARX with an annualized return of 2.00%, while GPARX has yielded a comparatively higher 3.35% annualized return.
IISBX
- 1D
- 0.11%
- 1M
- 0.27%
- YTD
- 0.45%
- 6M
- 0.94%
- 1Y
- 3.19%
- 3Y*
- 4.33%
- 5Y*
- 1.70%
- 10Y*
- 2.00%
GPARX
- 1D
- 0.10%
- 1M
- -1.04%
- YTD
- 8.20%
- 6M
- 7.96%
- 1Y
- 13.29%
- 3Y*
- 8.00%
- 5Y*
- 2.97%
- 10Y*
- 3.35%
IISBX vs. GPARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IISBX Voya Short Term Bond Fund | 0.45% | 4.66% | 4.88% | 4.38% | -5.30% | 0.13% | 3.66% | 4.68% | 1.00% | 1.54% |
GPARX GuidePath Absolute Return Allocation Fund | 8.20% | 7.42% | 4.20% | 6.87% | -10.82% | 0.75% | 3.92% | 7.47% | -1.64% | 4.50% |
Correlation
The correlation between IISBX and GPARX 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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.40 |
Over the past year, the correlation between IISBX and GPARX has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
IISBX vs. GPARX — Risk / Return Rank
IISBX
GPARX
IISBX vs. GPARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Short Term Bond Fund (IISBX) and GuidePath Absolute Return Allocation Fund (GPARX). 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.
| IISBX | GPARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.85 | -0.29 |
| Martin ratioReturn relative to average drawdown | 9.06 | 11.91 | -2.86 |
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Drawdowns
IISBX vs. GPARX - Drawdown Comparison
The maximum IISBX drawdown since its inception was -8.22%, smaller than the maximum GPARX drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for IISBX and GPARX.
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Drawdown Indicators
| IISBX | GPARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.22% | -15.56% | +7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -4.68% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -4.68% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -15.56% | +8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -8.22% | -15.56% | +7.34% |
Current DrawdownCurrent decline from peak | -0.48% | -2.25% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -2.37% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.12% | -0.75% |
Volatility
IISBX vs. GPARX - Volatility Comparison
The current volatility for Voya Short Term Bond Fund (IISBX) is 0.80%, while GuidePath Absolute Return Allocation Fund (GPARX) has a volatility of 2.52%. This indicates that IISBX experiences smaller price fluctuations and is considered to be less risky than GPARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IISBX | GPARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 2.52% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 6.40% | -4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 6.98% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.46% | 5.12% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.25% | 4.32% | -2.07% |
IISBX vs. GPARX - Expense Ratio Comparison
IISBX has a 0.35% expense ratio, which is lower than GPARX's 0.99% expense ratio.
Dividends
IISBX vs. GPARX - Dividend Comparison
IISBX's dividend yield for the trailing twelve months is around 3.81%, more than GPARX's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPARX GuidePath Absolute Return Allocation Fund | 3.06% | 3.31% | 4.99% | 4.81% | 2.42% | 1.99% | 2.45% | 2.76% | 2.27% | 1.60% | 3.17% | 2.15% |
IISBX Voya Short Term Bond Fund | 3.81% | 3.46% | 4.75% | 2.96% | 1.61% | 1.35% | 2.25% | 2.40% | 2.54% | 1.84% | 1.90% | 1.88% |
Frequently Asked Questions
IISBX and GPARX 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.
GPARX has higher volatility (2.52%) compared to IISBX (0.80%). In terms of maximum drawdown, IISBX dropped -8.22% vs GPARX's -15.56%.
GPARX currently has the higher Sharpe Ratio (1.91 vs 1.61), 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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