SAXIX vs. IGBIX
SAXIX (SA Global Fixed Income Fund) and IGBIX (Voya Global Bond Fund) are both Global Bonds funds. Over the past 10 years, SAXIX returned 1.24%/yr vs 0.43%/yr for IGBIX. Their 0.44 correlation means their historical movements had little consistent relationship. SAXIX charges 0.71%/yr vs 0.65%/yr for IGBIX.
Performance
SAXIX vs. IGBIX - Performance Comparison
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Returns By Period
In the year-to-date period, SAXIX achieves a 1.50% return, which is significantly higher than IGBIX's -1.89% return. Over the past 10 years, SAXIX has outperformed IGBIX with an annualized return of 1.24%, while IGBIX has yielded a comparatively lower 0.43% annualized return.
SAXIX
- 1D
- 0.00%
- 1M
- -0.34%
- 6M
- 0.92%
- YTD
- 1.50%
- 1Y
- 3.23%
- 3Y*
- 4.61%
- 5Y*
- 1.33%
- 10Y*
- 1.24%
- ALL TIME*
- 1.64%
IGBIX
- 1D
- 0.57%
- 1M
- -0.85%
- 6M
- -2.27%
- YTD
- -1.89%
- 1Y
- -0.34%
- 3Y*
- 2.49%
- 5Y*
- -2.58%
- 10Y*
- 0.43%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SAXIX vs. IGBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAXIX SA Global Fixed Income Fund | 1.50% | 4.87% | 5.33% | 4.55% | -6.79% | -1.59% | 0.89% | 3.40% | 1.17% | 1.17% |
IGBIX Voya Global Bond Fund | -1.89% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
Correlation
The correlation between SAXIX and IGBIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2006 | 0.44 |
Over the past year, SAXIX and IGBIX have become more correlated (0.66) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
SAXIX vs. IGBIX — Risk / Return Rank
SAXIX
IGBIX
SAXIX vs. IGBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Global Fixed Income Fund (SAXIX) and Voya Global Bond Fund (IGBIX). 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.
| SAXIX | IGBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.02 | +2.28 |
| Martin ratioReturn relative to average drawdown | 7.27 | -0.04 | +7.31 |
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Drawdowns
SAXIX vs. IGBIX - Drawdown Comparison
The maximum SAXIX drawdown since its inception was -9.94%, smaller than the maximum IGBIX drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for SAXIX and IGBIX.
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Drawdown Indicators
| SAXIX | IGBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.94% | -28.58% | +18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -5.27% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -7.21% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -9.84% | -26.38% | +16.54% |
Max Drawdown (10Y)Largest decline over 10 years | -9.94% | -28.58% | +18.64% |
Current DrawdownCurrent decline from peak | -0.45% | -15.06% | +14.61% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -6.06% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.34% | -1.86% |
Volatility
SAXIX vs. IGBIX - Volatility Comparison
The current volatility for SA Global Fixed Income Fund (SAXIX) is 0.54%, while Voya Global Bond Fund (IGBIX) has a volatility of 1.53%. This indicates that SAXIX experiences smaller price fluctuations and is considered to be less risky than IGBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAXIX | IGBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.53% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 4.75% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.97% | 5.89% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 6.75% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.09% | 5.98% | -3.89% |
SAXIX vs. IGBIX - Expense Ratio Comparison
SAXIX has a 0.71% expense ratio, which is higher than IGBIX's 0.65% expense ratio.
Dividends
SAXIX vs. IGBIX - Dividend Comparison
SAXIX's dividend yield for the trailing twelve months is around 4.78%, more than IGBIX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | 3.55% | 3.44% | 4.58% | 3.35% | 3.31% | 4.04% | 4.43% | 4.66% | 4.75% | 4.84% | 4.69% | 4.72% |
SAXIX SA Global Fixed Income Fund | 4.78% | 4.85% | 6.01% | 0.00% | 3.58% | 0.00% | 2.16% | 2.83% | 2.11% | 0.85% | 1.25% | 0.80% |
Frequently Asked Questions
SAXIX and IGBIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBIX has higher volatility (1.53%) compared to SAXIX (0.54%). In terms of maximum drawdown, SAXIX dropped -9.94% vs IGBIX's -28.58%.
SAXIX currently has the higher Sharpe Ratio (1.83 vs -0.01), 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.
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