IOSIX vs. FGBRX

Last updated Jun 4, 2026

IOSIX (Voya Global Bond Portfolio) and FGBRX (Templeton Global Bond Fund - Class R) are both Global Bonds funds. Over the past 10 years, IOSIX returned 0.76%/yr vs 0.05%/yr for FGBRX. At a 0.31 correlation, their price movements are largely independent. IOSIX charges 0.67%/yr vs 1.24%/yr for FGBRX.

Performance

IOSIX vs. FGBRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Global Bond Portfolio (IOSIX) and Templeton Global Bond Fund - Class R (FGBRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IOSIX achieves a 0.04% return, which is significantly lower than FGBRX's 2.05% return. Over the past 10 years, IOSIX has outperformed FGBRX with an annualized return of 0.76%, while FGBRX has yielded a comparatively lower 0.05% annualized return.

IOSIX

• 1D: 0.25%
• 1M: 0.51%
• YTD: 0.04%
• 6M: 0.27%
• 1Y: 2.43%
• 3Y*: 3.72%
• 5Y*: -2.25%
• 10Y*: 0.76%

FGBRX

• 1D: 0.14%
• 1M: 0.43%
• YTD: 2.05%
• 6M: 2.24%
• 1Y: 6.54%
• 3Y*: 2.10%
• 5Y*: -1.01%
• 10Y*: 0.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IOSIX vs. FGBRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IOSIX Voya Global Bond Portfolio	0.04%	8.09%	-1.31%	5.85%	-18.95%	-5.21%	9.21%	7.92%	-1.99%	9.68%
FGBRX Templeton Global Bond Fund - Class R	2.05%	14.81%	-12.18%	2.18%	-6.40%	-5.30%	-4.65%	0.38%	1.01%	2.10%

Correlation

The correlation between IOSIX and FGBRX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Feb 3, 2009	0.31

Over the past year, IOSIX and FGBRX have become more correlated (0.76) than their long-term average of 0.31, meaning their price movements have been converging.

Return for Risk

IOSIX vs. FGBRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IOSIX

IOSIX Risk / Return Rank: 5
IOSIX Sharpe Ratio Rank: 6
IOSIX Sortino Ratio Rank: 5
IOSIX Omega Ratio Rank: 5
IOSIX Calmar Ratio Rank: 6
IOSIX Martin Ratio Rank: 6

FGBRX

FGBRX Risk / Return Rank: 11
FGBRX Sharpe Ratio Rank: 11
FGBRX Sortino Ratio Rank: 11
FGBRX Omega Ratio Rank: 11
FGBRX Calmar Ratio Rank: 10
FGBRX Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IOSIX vs. FGBRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Bond Portfolio (IOSIX) and Templeton Global Bond Fund - Class R (FGBRX). 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.

	IOSIX	FGBRX	Difference
Sharpe ratio: Return per unit of total volatility	0.42	0.89	-0.47
Sortino ratio: Return per unit of downside risk	0.65	1.30	-0.65
Omega ratio: Gain probability vs. loss probability	1.08	1.16	-0.09
Calmar ratio: Return relative to maximum drawdown	0.49	1.01	-0.52
Martin ratio: Return relative to average drawdown	1.42	3.28	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IOSIX vs. FGBRX - Sharpe Ratio Comparison

The current IOSIX Sharpe Ratio is 0.42, which is lower than the FGBRX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of IOSIX and FGBRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IOSIX	FGBRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	0.89	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	-0.12	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.01	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.23	-0.11

Drawdowns

IOSIX vs. FGBRX - Drawdown Comparison

The maximum IOSIX drawdown since its inception was -28.75%, roughly equal to the maximum FGBRX drawdown of -27.46%. Use the drawdown chart below to compare losses from any high point for IOSIX and FGBRX.

Drawdown Indicators

	IOSIX	FGBRX	Difference
Max Drawdown Largest peak-to-trough decline	-28.75%	-27.46%	-1.29%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-6.38%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-7.86%	-13.09%	+5.23%
Max Drawdown (5Y) Largest decline over 5 years	-27.06%	-19.87%	-7.19%
Max Drawdown (10Y) Largest decline over 10 years	-28.75%	-27.46%	-1.29%
Current Drawdown Current decline from peak	-13.51%	-14.48%	+0.97%
Average Drawdown Average peak-to-trough decline	-10.33%	-8.36%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.95%	-0.31%

Volatility

IOSIX vs. FGBRX - Volatility Comparison

Voya Global Bond Portfolio (IOSIX) and Templeton Global Bond Fund - Class R (FGBRX) have volatilities of 2.13% and 2.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOSIX	FGBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	2.10%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	5.93%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	7.25%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.65%	8.14%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	7.27%	-1.41%

IOSIX vs. FGBRX - Expense Ratio Comparison

IOSIX has a 0.67% expense ratio, which is lower than FGBRX's 1.24% expense ratio.

Dividends

IOSIX vs. FGBRX - Dividend Comparison

IOSIX's dividend yield for the trailing twelve months is around 3.54%, less than FGBRX's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGBRX Templeton Global Bond Fund - Class R	4.80%	4.10%	5.49%	3.61%	4.92%	5.11%	4.34%	5.86%	6.27%	3.08%	2.10%	2.85%
IOSIX Voya Global Bond Portfolio	3.54%	3.19%	4.04%	3.28%	2.30%	5.60%	2.73%	4.64%	3.90%	2.50%	1.75%	0.00%

Frequently Asked Questions

Can I hold both IOSIX and FGBRX in my portfolio?

IOSIX and FGBRX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IOSIX or FGBRX?

IOSIX has higher volatility (2.13%) compared to FGBRX (2.10%). In terms of maximum drawdown, IOSIX dropped -28.75% vs FGBRX's -27.46%.

Which has better risk-adjusted returns?

FGBRX currently has the higher Sharpe Ratio (0.89 vs 0.42), 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.