IVGTX vs. FGIAX
Compare and contrast key facts about VY Morgan Stanley Global Franchise Portfolio (IVGTX) and Nuveen Global Infrastructure Fund Class A (FGIAX).
IVGTX is managed by Voya. It was launched on Apr 30, 2002. FGIAX is a passively managed fund by Nuveen that tracks the performance of the S&P Global Infrastructure Index NR. It was launched on Dec 17, 2007.
Performance
IVGTX vs. FGIAX - Performance Comparison
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IVGTX vs. FGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVGTX VY Morgan Stanley Global Franchise Portfolio | -11.98% | 0.16% | 8.63% | 16.01% | -17.63% | 21.67% | 13.17% | 29.34% | -2.81% | 25.90% |
FGIAX Nuveen Global Infrastructure Fund Class A | 10.36% | 17.73% | 10.70% | 8.51% | -6.23% | 14.51% | -2.76% | 29.32% | -7.91% | 19.40% |
Returns By Period
In the year-to-date period, IVGTX achieves a -11.98% return, which is significantly lower than FGIAX's 10.36% return. Over the past 10 years, IVGTX has underperformed FGIAX with an annualized return of 7.31%, while FGIAX has yielded a comparatively higher 8.78% annualized return.
IVGTX
- 1D
- 1.77%
- 1M
- -6.95%
- YTD
- -11.98%
- 6M
- -14.97%
- 1Y
- -14.69%
- 3Y*
- 1.52%
- 5Y*
- 1.78%
- 10Y*
- 7.31%
FGIAX
- 1D
- 0.76%
- 1M
- -2.77%
- YTD
- 10.36%
- 6M
- 10.94%
- 1Y
- 21.22%
- 3Y*
- 14.32%
- 5Y*
- 10.46%
- 10Y*
- 8.78%
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IVGTX vs. FGIAX - Expense Ratio Comparison
IVGTX has a 1.20% expense ratio, which is lower than FGIAX's 1.21% expense ratio.
Return for Risk
IVGTX vs. FGIAX — Risk / Return Rank
IVGTX
FGIAX
IVGTX vs. FGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY Morgan Stanley Global Franchise Portfolio (IVGTX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.
| IVGTX | FGIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.01 | 1.79 | -2.80 |
Sortino ratioReturn per unit of downside risk | -1.47 | 2.30 | -3.77 |
Omega ratioGain probability vs. loss probability | 0.83 | 1.36 | -0.53 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.73 | -3.53 |
Martin ratioReturn relative to average drawdown | -2.19 | 12.62 | -14.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVGTX | FGIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.79 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.80 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.58 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.42 | +0.11 |
Correlation
The correlation between IVGTX and FGIAX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IVGTX vs. FGIAX - Dividend Comparison
IVGTX's dividend yield for the trailing twelve months is around 48.62%, more than FGIAX's 9.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVGTX VY Morgan Stanley Global Franchise Portfolio | 48.62% | 42.80% | 10.28% | 8.24% | 10.69% | 8.69% | 8.32% | 11.20% | 17.80% | 7.06% | 10.12% | 14.63% |
FGIAX Nuveen Global Infrastructure Fund Class A | 9.05% | 9.99% | 7.46% | 2.27% | 6.11% | 7.20% | 1.38% | 7.06% | 6.32% | 5.83% | 8.23% | 3.05% |
Drawdowns
IVGTX vs. FGIAX - Drawdown Comparison
The maximum IVGTX drawdown since its inception was -44.75%, smaller than the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for IVGTX and FGIAX.
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Drawdown Indicators
| IVGTX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.75% | -49.35% | +4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -8.29% | -12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -21.08% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -30.16% | -38.02% | +7.86% |
Current DrawdownCurrent decline from peak | -18.19% | -3.06% | -15.13% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -7.22% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 1.79% | +5.70% |
Volatility
IVGTX vs. FGIAX - Volatility Comparison
VY Morgan Stanley Global Franchise Portfolio (IVGTX) has a higher volatility of 4.60% compared to Nuveen Global Infrastructure Fund Class A (FGIAX) at 4.15%. This indicates that IVGTX's price experiences larger fluctuations and is considered to be riskier than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVGTX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.15% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 7.07% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 12.28% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 13.08% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 15.17% | +1.29% |