PFADX vs. IGA

Last updated Jun 5, 2026

PFADX (PFG BNY Mellon Diversifier Strategy Fund) and IGA (Voya Global Advantage and Premium Opportunity Fund) are both Global Allocation funds. Over the past 5 years, PFADX returned 1.27%/yr vs 10.88%/yr for IGA. At a 0.46 correlation, their price movements are largely independent. PFADX charges 2.05%/yr vs 0.01%/yr for IGA.

Performance

PFADX vs. IGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PFG BNY Mellon Diversifier Strategy Fund (PFADX) and Voya Global Advantage and Premium Opportunity Fund (IGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFADX achieves a 3.08% return, which is significantly lower than IGA's 4.75% return.

PFADX

• 1D: -0.30%
• 1M: 0.10%
• YTD: 3.08%
• 6M: 3.18%
• 1Y: 8.62%
• 3Y*: 5.26%
• 5Y*: 1.27%
• 10Y*: —

IGA

• 1D: -0.38%
• 1M: 1.91%
• YTD: 4.75%
• 6M: 5.99%
• 1Y: 9.05%
• 3Y*: 18.56%
• 5Y*: 10.88%
• 10Y*: 9.94%

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

PFADX vs. IGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFADX PFG BNY Mellon Diversifier Strategy Fund	3.08%	7.07%	2.13%	3.69%	-9.50%	3.85%	7.25%	8.16%	-5.20%	0.00%
IGA Voya Global Advantage and Premium Opportunity Fund	4.75%	18.32%	21.06%	7.55%	-8.33%	28.35%	-8.03%	23.40%	-12.35%	-0.48%

Correlation

The correlation between PFADX and IGA is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017	0.46

Return for Risk

PFADX vs. IGA — Risk / Return Rank

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

PFADX

PFADX Risk / Return Rank: 48
PFADX Sharpe Ratio Rank: 52
PFADX Sortino Ratio Rank: 52
PFADX Omega Ratio Rank: 54
PFADX Calmar Ratio Rank: 44
PFADX Martin Ratio Rank: 40

IGA

IGA Risk / Return Rank: 14
IGA Sharpe Ratio Rank: 13
IGA Sortino Ratio Rank: 14
IGA Omega Ratio Rank: 13
IGA Calmar Ratio Rank: 15
IGA Martin Ratio Rank: 17

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.

PFADX vs. IGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PFG BNY Mellon Diversifier Strategy Fund (PFADX) and Voya Global Advantage and Premium Opportunity Fund (IGA). 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.

	PFADX	IGA	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.97	+1.13
Sortino ratio: Return per unit of downside risk	3.01	1.46	+1.55
Omega ratio: Gain probability vs. loss probability	1.40	1.18	+0.22
Calmar ratio: Return relative to maximum drawdown	2.48	1.31	+1.17
Martin ratio: Return relative to average drawdown	8.65	4.52	+4.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFADX vs. IGA - Sharpe Ratio Comparison

The current PFADX Sharpe Ratio is 2.10, which is higher than the IGA Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of PFADX and IGA, 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

	PFADX	IGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	0.97	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.78	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.34	+0.08

Drawdowns

PFADX vs. IGA - Drawdown Comparison

The maximum PFADX drawdown since its inception was -16.64%, smaller than the maximum IGA drawdown of -57.16%. Use the drawdown chart below to compare losses from any high point for PFADX and IGA.

Drawdown Indicators

	PFADX	IGA	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-57.16%	+40.52%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-6.95%	+3.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.38%	-11.22%	+4.84%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-16.98%	+0.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.68%	—
Current Drawdown Current decline from peak	-1.28%	-0.71%	-0.57%
Average Drawdown Average peak-to-trough decline	-5.30%	-8.05%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	2.01%	-0.97%

Volatility

PFADX vs. IGA - Volatility Comparison

The current volatility for PFG BNY Mellon Diversifier Strategy Fund (PFADX) is 1.53%, while Voya Global Advantage and Premium Opportunity Fund (IGA) has a volatility of 2.40%. This indicates that PFADX experiences smaller price fluctuations and is considered to be less risky than IGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFADX	IGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	2.40%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	7.38%	-3.98%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	9.38%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.86%	13.94%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.54%	16.28%	-10.74%

PFADX vs. IGA - Expense Ratio Comparison

PFADX has a 2.05% expense ratio, which is higher than IGA's 0.01% expense ratio.

Dividends

PFADX vs. IGA - Dividend Comparison

PFADX's dividend yield for the trailing twelve months is around 2.39%, less than IGA's 11.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGA Voya Global Advantage and Premium Opportunity Fund	11.33%	11.37%	11.38%	9.25%	9.06%	7.60%	9.01%	8.05%	9.78%	7.87%	10.83%	10.72%
PFADX PFG BNY Mellon Diversifier Strategy Fund	2.39%	2.46%	2.89%	1.04%	5.33%	3.46%	0.08%	1.51%	0.91%	0.52%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFADX and IGA in my portfolio?

PFADX and IGA have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFADX or IGA?

IGA has higher volatility (2.40%) compared to PFADX (1.53%). In terms of maximum drawdown, PFADX dropped -16.64% vs IGA's -57.16%.

Which has better risk-adjusted returns?

PFADX currently has the higher Sharpe Ratio (2.10 vs 0.97), 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.