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IUVF.L vs. IIBAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUVF.L vs. IIBAX

Last updated Jun 12, 2026

IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and IIBAX (Voya Intermediate Bond Fund) are both funds - IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 5 years, IUVF.L returned 16.22%/yr vs 0.91%/yr for IIBAX. At a 0.13 correlation, their price movements are largely independent. IUVF.L charges 0.20%/yr vs 0.69%/yr for IIBAX.

Performance

IUVF.L vs. IIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and Voya Intermediate Bond Fund (IIBAX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUVF.L is traded in GBp, while IIBAX is traded in USD. To make them comparable, the IIBAX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUVF.L achieves a 41.36% return, which is significantly higher than IIBAX's 0.70% return.

IUVF.L

1D
0.24%
1M
8.67%
YTD
41.36%
6M
41.69%
1Y
79.59%
3Y*
27.51%
5Y*
16.22%
10Y*
—

IIBAX

1D
-0.15%
1M
1.25%
YTD
0.70%
6M
0.30%
1Y
5.12%
3Y*
2.25%
5Y*
0.91%
10Y*
2.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUVF.L vs. IIBAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		41.36%23.92%8.23%8.28%-4.63%31.29%-4.75%22.11%-7.17%10.45%
IIBAX
Voya Intermediate Bond Fund		0.70%-1.16%4.44%1.69%-5.01%-0.86%4.59%5.40%5.30%-4.56%

Correlation

The correlation between IUVF.L and IIBAX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2016

0.13

The correlation between IUVF.L and IIBAX shifts across timeframes, from 0.11 (5 years) to 0.22 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI USA Value Factor UCITS

Voya Intermediate Bond Fund

Often compared with IUVF.L:
IUVF.L vs. VTVIUVF.L vs. VLUEIUVF.L vs. VIVAXIUVF.L vs. EWSP.LIUVF.L vs. JREG.LIUVF.L vs. JREU.LIUVF.L vs. URTH
Often compared with IIBAX:
IIBAX vs. JMSIXIIBAX vs. VTTHXIIBAX vs. VBTLXIIBAX vs. FIPDXIIBAX vs. FXAIXIIBAX vs. IGDIIBAX vs. VOO

Return for Risk

IUVF.L vs. IIBAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUVF.L
IUVF.L Risk / Return Rank: 9898
Overall Rank
IUVF.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVF.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVF.L Omega Ratio Rank: 9797
Omega Ratio Rank
IUVF.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
IUVF.L Martin Ratio Rank: 9898
Martin Ratio Rank
IIBAX
IIBAX Risk / Return Rank: 2020
Overall Rank
IIBAX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IIBAX Sortino Ratio Rank: 2020
Sortino Ratio Rank
IIBAX Omega Ratio Rank: 1818
Omega Ratio Rank
IIBAX Calmar Ratio Rank: 2222
Calmar Ratio Rank
IIBAX Martin Ratio Rank: 1919
Martin Ratio Rank
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.

IUVF.L vs. IIBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS (IUVF.L) 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.

IUVF.LIIBAXDifference
Sharpe ratioReturn per unit of total volatility
5.07
0.85

+4.23

Sortino ratioReturn per unit of downside risk
6.62
1.30

+5.31

Omega ratioGain probability vs. loss probability

1.89

1.16

+0.73

Calmar ratioReturn relative to maximum drawdown

13.86

0.95

+12.91

Martin ratioReturn relative to average drawdown

50.37

2.40

+47.96

IUVF.L vs. IIBAX - Sharpe Ratio Comparison

The current IUVF.L Sharpe Ratio is 5.07, which is higher than the IIBAX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of IUVF.L and IIBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IUVF.L vs. IIBAX - Drawdown Comparison

The maximum IUVF.L drawdown since its inception was -31.83%, which is greater than IIBAX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IUVF.L and IIBAX.

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Drawdown Indicators

IUVF.LIIBAXDifference

Max Drawdown

Largest peak-to-trough decline

-31.83%

-16.23%

-15.60%

Max Drawdown (1Y)

Largest decline over 1 year

-5.71%

-5.84%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

-9.01%

-11.12%

Max Drawdown (5Y)

Largest decline over 5 years

-20.13%

-14.53%

-5.60%

Max Drawdown (10Y)

Largest decline over 10 years

—

-16.23%

—

Current Drawdown

Current decline from peak

-4.52%

-7.17%

+2.65%

Average Drawdown

Average peak-to-trough decline

-5.52%

-5.96%

+0.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.58%

2.26%

-0.68%

Volatility

IUVF.L vs. IIBAX - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 7.07% compared to Voya Intermediate Bond Fund (IIBAX) at 1.47%. This indicates that IUVF.L'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

IUVF.LIIBAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.07%

1.47%

+5.60%

Volatility (6M)

Calculated over the trailing 6-month period

12.64%

4.88%

+7.76%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

6.58%

+9.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.01%

8.80%

+7.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.94%

9.71%

+8.23%

IUVF.L vs. IIBAX - Expense Ratio Comparison

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

Dividends

IUVF.L vs. IIBAX - Dividend Comparison

IUVF.L has not paid dividends to shareholders, while IIBAX's dividend yield for the trailing twelve months is around 3.60%.

PositionTTM20252024202320222021202020192018201720162015
IIBAX
Voya Intermediate Bond Fund		3.60%3.43%4.50%4.05%1.98%2.03%4.69%3.23%2.93%2.88%2.96%2.45%
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IUVF.L and IIBAX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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