IVGSX vs. SABTX

Last updated Jun 4, 2026

IVGSX (VY Invesco Growth and Income Portfolio) and SABTX (SA U.S. Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, IVGSX returned 11.10%/yr vs 11.51%/yr for SABTX. Their correlation of 0.93 suggests significant overlap in exposure. IVGSX charges 0.86%/yr vs 0.73%/yr for SABTX.

Performance

IVGSX vs. SABTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Growth and Income Portfolio (IVGSX) and SA U.S. Value Fund (SABTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVGSX achieves a 7.39% return, which is significantly lower than SABTX's 17.72% return. Both investments have delivered pretty close results over the past 10 years, with IVGSX having a 11.10% annualized return and SABTX not far ahead at 11.51%.

IVGSX

• 1D: 0.86%
• 1M: 1.23%
• YTD: 7.39%
• 6M: 9.13%
• 1Y: 22.11%
• 3Y*: 17.20%
• 5Y*: 9.85%
• 10Y*: 11.10%

SABTX

• 1D: 1.12%
• 1M: 6.51%
• YTD: 17.72%
• 6M: 19.56%
• 1Y: 37.10%
• 3Y*: 19.92%
• 5Y*: 10.73%
• 10Y*: 11.51%

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

IVGSX vs. SABTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVGSX VY Invesco Growth and Income Portfolio	7.39%	15.07%	16.21%	12.41%	-5.95%	28.95%	2.95%	24.82%	-14.90%	13.90%
SABTX SA U.S. Value Fund	17.72%	17.69%	11.32%	11.82%	-6.35%	27.06%	-2.04%	24.85%	-12.14%	18.45%

Correlation

The correlation between IVGSX and SABTX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 4, 2000	0.93

The correlation between IVGSX and SABTX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

IVGSX vs. SABTX — Risk / Return Rank

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

IVGSX

IVGSX Risk / Return Rank: 60
IVGSX Sharpe Ratio Rank: 51
IVGSX Sortino Ratio Rank: 46
IVGSX Omega Ratio Rank: 51
IVGSX Calmar Ratio Rank: 78
IVGSX Martin Ratio Rank: 74

SABTX

SABTX Risk / Return Rank: 95
SABTX Sharpe Ratio Rank: 97
SABTX Sortino Ratio Rank: 95
SABTX Omega Ratio Rank: 90
SABTX Calmar Ratio Rank: 97
SABTX Martin Ratio Rank: 96

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.

IVGSX vs. SABTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Growth and Income Portfolio (IVGSX) and SA U.S. Value Fund (SABTX). 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.

	IVGSX	SABTX	Difference
Sharpe ratio Return per unit of total volatility	2.12	3.69	-1.57
Sortino ratio Return per unit of downside risk	2.89	5.19	-2.30
Omega ratio Gain probability vs. loss probability	1.39	1.65	-0.26
Calmar ratio Return relative to maximum drawdown	3.53	6.74	-3.21
Martin ratio Return relative to average drawdown	13.94	24.35	-10.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVGSX vs. SABTX - Sharpe Ratio Comparison

The current IVGSX Sharpe Ratio is 2.12, which is lower than the SABTX Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of IVGSX and SABTX, 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

	IVGSX	SABTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	3.69	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.67	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.61	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.37	+0.13

Drawdowns

IVGSX vs. SABTX - Drawdown Comparison

The maximum IVGSX drawdown since its inception was -53.48%, smaller than the maximum SABTX drawdown of -66.96%. Use the drawdown chart below to compare losses from any high point for IVGSX and SABTX.

Drawdown Indicators

	IVGSX	SABTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.48%	-66.96%	+13.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.44%	-6.36%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-18.87%	-16.63%	-2.24%
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	-20.42%	+1.23%
Max Drawdown (10Y) Largest decline over 10 years	-41.77%	-42.00%	+0.23%
Current Drawdown Current decline from peak	-0.45%	0.00%	-0.45%
Average Drawdown Average peak-to-trough decline	-8.10%	-11.32%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.73%	+0.07%

Volatility

IVGSX vs. SABTX - Volatility Comparison

VY Invesco Growth and Income Portfolio (IVGSX) has a higher volatility of 5.67% compared to SA U.S. Value Fund (SABTX) at 2.99%. This indicates that IVGSX's price experiences larger fluctuations and is considered to be riskier than SABTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVGSX	SABTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	2.99%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	8.33%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	11.63%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	16.37%	+1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	19.17%	+0.69%

IVGSX vs. SABTX - Expense Ratio Comparison

IVGSX has a 0.86% expense ratio, which is higher than SABTX's 0.73% expense ratio.

Dividends

IVGSX vs. SABTX - Dividend Comparison

IVGSX's dividend yield for the trailing twelve months is around 21.94%, more than SABTX's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVGSX VY Invesco Growth and Income Portfolio	21.94%	23.56%	12.62%	8.61%	16.88%	1.23%	10.39%	14.94%	14.37%	7.34%	13.02%	21.04%
SABTX SA U.S. Value Fund	3.29%	3.88%	2.60%	1.67%	7.66%	4.25%	1.52%	5.14%	9.80%	10.36%	5.08%	6.83%

Frequently Asked Questions

Can I hold both IVGSX and SABTX in my portfolio?

With a correlation of 0.92, IVGSX and SABTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IVGSX or SABTX?

IVGSX has higher volatility (5.67%) compared to SABTX (2.99%). In terms of maximum drawdown, IVGSX dropped -53.48% vs SABTX's -66.96%.

Which has better risk-adjusted returns?

SABTX currently has the higher Sharpe Ratio (3.69 vs 2.12), 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.