IISBX vs. IRVIX
IISBX (Voya Short Term Bond Fund) and IRVIX (Voya Russell Large Cap Value Index Portfolio) are both mutual funds - IISBX is a Short-Term Bond fund managed by Voya, while IRVIX is a Large Cap Value Equities fund managed by Voya. Over the past 10 years, IISBX returned 2.00%/yr vs 11.74%/yr for IRVIX. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
IISBX vs. IRVIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IISBX achieves a 0.45% return, which is significantly lower than IRVIX's 15.79% return. Over the past 10 years, IISBX has underperformed IRVIX with an annualized return of 2.00%, while IRVIX has yielded a comparatively higher 11.74% 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%
IRVIX
- 1D
- 0.66%
- 1M
- 2.71%
- YTD
- 15.79%
- 6M
- 15.54%
- 1Y
- 30.64%
- 3Y*
- 18.44%
- 5Y*
- 12.36%
- 10Y*
- 11.74%
IISBX vs. IRVIX - 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% |
IRVIX Voya Russell Large Cap Value Index Portfolio | 15.79% | 18.08% | 14.99% | 10.26% | -5.48% | 22.95% | 1.38% | 25.75% | -6.61% | 13.47% |
Correlation
The correlation between IISBX and IRVIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.02 |
Over the past year, IISBX and IRVIX have become more correlated (0.31) than their long-term average of 0.02, meaning their price movements have been converging.
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
IISBX vs. IRVIX — Risk / Return Rank
IISBX
IRVIX
IISBX vs. IRVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Short Term Bond Fund (IISBX) and Voya Russell Large Cap Value Index Portfolio (IRVIX). 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 | IRVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.55 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 5.18 | -2.62 |
| Martin ratioReturn relative to average drawdown | 9.06 | 21.42 | -12.36 |
Loading charts...
Drawdowns
IISBX vs. IRVIX - Drawdown Comparison
The maximum IISBX drawdown since its inception was -8.22%, smaller than the maximum IRVIX drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for IISBX and IRVIX.
Loading charts...
Drawdown Indicators
| IISBX | IRVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.22% | -35.67% | +27.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -6.64% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -13.38% | +12.00% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -18.37% | +10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -8.22% | -35.67% | +27.45% |
Current DrawdownCurrent decline from peak | -0.48% | -0.55% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.82% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.55% | -1.18% |
Volatility
IISBX vs. IRVIX - Volatility Comparison
The current volatility for Voya Short Term Bond Fund (IISBX) is 0.80%, while Voya Russell Large Cap Value Index Portfolio (IRVIX) has a volatility of 3.95%. This indicates that IISBX experiences smaller price fluctuations and is considered to be less risky than IRVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IISBX | IRVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.95% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 9.09% | -7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 11.47% | -9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.46% | 14.34% | -11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.25% | 16.89% | -14.64% |
IISBX vs. IRVIX - Expense Ratio Comparison
Both IISBX and IRVIX have an expense ratio of 0.35%.
Dividends
IISBX vs. IRVIX - Dividend Comparison
IISBX's dividend yield for the trailing twelve months is around 3.81%, which matches IRVIX's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IRVIX Voya Russell Large Cap Value Index Portfolio | 3.80% | 29.89% | 3.60% | 2.01% | 1.36% | 1.94% | 3.78% | 5.91% | 6.32% | 1.94% | 2.90% | 3.11% |
Frequently Asked Questions
IISBX and IRVIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVIX has higher volatility (3.95%) compared to IISBX (0.80%). In terms of maximum drawdown, IISBX dropped -8.22% vs IRVIX's -35.67%.
IRVIX currently has the higher Sharpe Ratio (3.00 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.
Find the right allocation for IISBX and IRVIX
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