RGBFX vs. IPIRX

Last updated Jun 23, 2026

RGBFX (American Funds Global Balanced Fund Class R5) and IPIRX (Voya Global Perspectives Portfolio) are both Global Allocation funds. Their correlation of 0.89 suggests significant overlap in exposure. RGBFX charges 0.53%/yr vs 0.20%/yr for IPIRX.

Performance

RGBFX vs. IPIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Global Balanced Fund Class R5 (RGBFX) and Voya Global Perspectives Portfolio (IPIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RGBFX

• 1D: 0.40%
• 1M: 0.28%
• YTD: 6.00%
• 6M: 6.47%
• 1Y: 16.37%
• 3Y*: 12.01%
• 5Y*: 6.33%
• 10Y*: 7.24%

IPIRX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RGBFX vs. IPIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RGBFX American Funds Global Balanced Fund Class R5	6.00%	17.44%	6.86%	14.06%	-14.01%	9.50%	10.80%	17.55%	-5.86%	14.33%
IPIRX Voya Global Perspectives Portfolio	6.84%	14.21%	7.31%	10.65%	-17.52%	6.06%	16.10%	18.35%	-9.87%	15.00%

Correlation

The correlation between RGBFX and IPIRX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.89

The correlation between RGBFX and IPIRX shifts across timeframes, from 0.73 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RGBFX vs. IPIRX — Risk / Return Rank

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

RGBFX

RGBFX Risk / Return Rank: 48
RGBFX Sharpe Ratio Rank: 47
RGBFX Sortino Ratio Rank: 47
RGBFX Omega Ratio Rank: 50
RGBFX Calmar Ratio Rank: 43
RGBFX Martin Ratio Rank: 54

IPIRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RGBFX vs. IPIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Global Balanced Fund Class R5 (RGBFX) and Voya Global Perspectives Portfolio (IPIRX). 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.

	RGBFX	IPIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.66	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.39	—	—
Martin ratio: Return relative to average drawdown	10.25	—	—

Drawdowns

Drawdown Indicators

	RGBFX	IPIRX	Difference
Max Drawdown Largest peak-to-trough decline	-23.31%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.31%	—	—
Current Drawdown Current decline from peak	-1.03%	—	—
Average Drawdown Average peak-to-trough decline	-3.39%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	—	—

Volatility

Volatility by Period

	RGBFX	IPIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.62%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.98%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.48%	—	—

RGBFX vs. IPIRX - Expense Ratio Comparison

RGBFX has a 0.53% expense ratio, which is higher than IPIRX's 0.20% expense ratio.

Dividends

RGBFX vs. IPIRX - Dividend Comparison

RGBFX's dividend yield for the trailing twelve months is around 6.11%, less than IPIRX's 44.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPIRX Voya Global Perspectives Portfolio	44.20%	5.64%	3.25%	14.65%	13.55%	6.34%	6.25%	7.80%	1.30%	2.78%	2.78%	7.16%
RGBFX American Funds Global Balanced Fund Class R5	6.11%	6.59%	5.82%	1.88%	1.82%	6.32%	1.50%	2.13%	2.59%	3.42%	2.26%	3.54%

Frequently Asked Questions

Can I hold both RGBFX and IPIRX in my portfolio?

RGBFX and IPIRX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.