IPIRX vs. IIBAX

Last updated Jun 25, 2026

IPIRX (Voya Global Perspectives Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - IPIRX is a Global Allocation fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. At a 0.14 correlation, their price movements are largely independent. IPIRX charges 0.20%/yr vs 0.69%/yr for IIBAX.

Performance

IPIRX vs. IIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Global Perspectives Portfolio (IPIRX) and Voya Intermediate Bond Fund (IIBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPIRX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IIBAX

• 1D: 0.11%
• 1M: 0.83%
• YTD: 0.30%
• 6M: 0.55%
• 1Y: 3.39%
• 3Y*: 4.45%
• 5Y*: -0.04%
• 10Y*: 1.77%

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

IPIRX vs. IIBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPIRX Voya Global Perspectives Portfolio	6.84%	14.21%	7.31%	10.65%	-17.52%	6.06%	16.10%	18.35%	-9.87%	15.00%
IIBAX Voya Intermediate Bond Fund	0.30%	6.42%	2.65%	7.04%	-15.11%	-1.79%	7.75%	9.57%	-0.59%	4.48%

Correlation

The correlation between IPIRX and IIBAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.14

The correlation between IPIRX and IIBAX shifts across timeframes, from 0.14 (all time) to 0.40 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

IPIRX vs. IIBAX — Risk / Return Rank

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

IPIRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IIBAX

IIBAX Risk / Return Rank: 14
IIBAX Sharpe Ratio Rank: 14
IIBAX Sortino Ratio Rank: 14
IIBAX Omega Ratio Rank: 13
IIBAX Calmar Ratio Rank: 16
IIBAX Martin Ratio Rank: 14

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.

IPIRX vs. IIBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Global Perspectives Portfolio (IPIRX) 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.

	IPIRX	IIBAX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.91	—
Sortino ratio: Return per unit of downside risk	—	1.36	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.27	—
Martin ratio: Return relative to average drawdown	—	3.54	—

Drawdowns

Drawdown Indicators

	IPIRX	IIBAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.34%	—
Current Drawdown Current decline from peak	—	-2.22%	—
Average Drawdown Average peak-to-trough decline	—	-2.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.07%	—

Volatility

Volatility by Period

	IPIRX	IIBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.04%	—

IPIRX vs. IIBAX - Expense Ratio Comparison

IPIRX has a 0.20% expense ratio, which is lower than IIBAX's 0.69% expense ratio.

Dividends

IPIRX vs. IIBAX - Dividend Comparison

IPIRX's dividend yield for the trailing twelve months is around 44.20%, more than IIBAX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIBAX Voya Intermediate Bond Fund	3.59%	3.43%	4.50%	4.05%	1.98%	2.03%	4.69%	3.23%	2.93%	2.88%	2.96%	2.45%
IPIRX Voya Global Perspectives Portfolio	44.20%	5.64%	3.25%	14.65%	13.55%	6.34%	6.25%	7.80%	1.30%	2.78%	2.78%	7.16%

Frequently Asked Questions

Can I hold both IPIRX and IIBAX in my portfolio?

IPIRX and IIBAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.