IRGIX vs. IIBAX
IRGIX (VY CBRE Global Real Estate Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - IRGIX is a REIT fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, IRGIX returned 4.54%/yr vs 1.76%/yr for IIBAX. At a 0.04 correlation, their price movements are largely independent. IRGIX charges 0.87%/yr vs 0.69%/yr for IIBAX.
Performance
IRGIX vs. IIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, IRGIX achieves a 7.89% return, which is significantly higher than IIBAX's 0.18% return. Over the past 10 years, IRGIX has outperformed IIBAX with an annualized return of 4.54%, while IIBAX has yielded a comparatively lower 1.76% annualized return.
IRGIX
- 1D
- 0.75%
- 1M
- -0.74%
- YTD
- 7.89%
- 6M
- 7.99%
- 1Y
- 9.30%
- 3Y*
- 9.75%
- 5Y*
- 1.94%
- 10Y*
- 4.54%
IIBAX
- 1D
- -0.23%
- 1M
- 0.71%
- YTD
- 0.18%
- 6M
- 0.55%
- 1Y
- 3.51%
- 3Y*
- 4.41%
- 5Y*
- -0.06%
- 10Y*
- 1.76%
IRGIX vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRGIX VY CBRE Global Real Estate Portfolio | 7.89% | 6.78% | 0.38% | 12.63% | -24.95% | 34.42% | -4.96% | 24.74% | -8.52% | 10.82% |
IIBAX Voya Intermediate Bond Fund | 0.18% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between IRGIX and IIBAX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006 | 0.04 |
Over the past year, IRGIX and IIBAX have become more correlated (0.46) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
IRGIX vs. IIBAX — Risk / Return Rank
IRGIX
IIBAX
IRGIX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY CBRE Global Real Estate Portfolio (IRGIX) 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.
| IRGIX | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.31 | -0.16 |
| Martin ratioReturn relative to average drawdown | 4.04 | 3.67 | +0.37 |
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Drawdowns
IRGIX vs. IIBAX - Drawdown Comparison
The maximum IRGIX drawdown since its inception was -68.77%, which is greater than IIBAX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for IRGIX and IIBAX.
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Drawdown Indicators
| IRGIX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.77% | -20.34% | -48.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -3.10% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -6.12% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -33.32% | -20.01% | -13.31% |
Max Drawdown (10Y)Largest decline over 10 years | -42.76% | -20.34% | -22.42% |
Current DrawdownCurrent decline from peak | -2.37% | -2.33% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -14.13% | -2.88% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 1.07% | +1.67% |
Volatility
IRGIX vs. IIBAX - Volatility Comparison
VY CBRE Global Real Estate Portfolio (IRGIX) has a higher volatility of 4.13% compared to Voya Intermediate Bond Fund (IIBAX) at 1.22%. This indicates that IRGIX'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
| IRGIX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.22% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 3.21% | +7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 4.33% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 6.00% | +11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 5.04% | +12.89% |
IRGIX vs. IIBAX - Expense Ratio Comparison
IRGIX has a 0.87% expense ratio, which is higher than IIBAX's 0.69% expense ratio.
Dividends
IRGIX vs. IIBAX - Dividend Comparison
IRGIX's dividend yield for the trailing twelve months is around 7.02%, 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% |
IRGIX VY CBRE Global Real Estate Portfolio | 7.02% | 3.00% | 3.20% | 2.90% | 10.28% | 2.59% | 15.46% | 2.73% | 6.15% | 3.71% | 1.41% | 3.38% |
Frequently Asked Questions
IRGIX and IIBAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRGIX has higher volatility (4.13%) compared to IIBAX (1.22%). In terms of maximum drawdown, IRGIX dropped -68.77% vs IIBAX's -20.34%.
IIBAX currently has the higher Sharpe Ratio (0.94 vs 0.87), 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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