TCMSX vs. IIBAX
TCMSX (Voya Small Cap Growth Fund) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - TCMSX is a Small Cap Growth Equities fund managed by Voya, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, TCMSX returned 14.04%/yr vs 1.51%/yr for IIBAX. Their -0.11 correlation means they have often moved in opposite directions in the past. TCMSX charges 0.93%/yr vs 0.69%/yr for IIBAX.
Performance
TCMSX vs. IIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, TCMSX achieves a 14.56% return, which is significantly higher than IIBAX's -0.71% return. Over the past 10 years, TCMSX has outperformed IIBAX with an annualized return of 14.04%, while IIBAX has yielded a comparatively lower 1.51% annualized return.
TCMSX
- 1D
- 2.56%
- 1M
- -6.37%
- 6M
- 7.91%
- YTD
- 14.56%
- 1Y
- 33.33%
- 3Y*
- 17.08%
- 5Y*
- 8.38%
- 10Y*
- 14.04%
- ALL TIME*
- 11.11%
IIBAX
- 1D
- 0.00%
- 1M
- -1.49%
- 6M
- -0.96%
- YTD
- -0.71%
- 1Y
- 1.73%
- 3Y*
- 4.01%
- 5Y*
- -0.51%
- 10Y*
- 1.51%
- ALL TIME*
- 4.01%
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 |
TCMSX vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCMSX Voya Small Cap Growth Fund | 14.56% | 14.32% | 18.46% | 20.32% | -23.60% | 18.45% | 27.99% | 33.27% | -6.04% | 24.78% |
IIBAX Voya Intermediate Bond Fund | -0.71% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between TCMSX and IIBAX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.11 |
The correlation between TCMSX and IIBAX shifts across timeframes, from -0.11 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TCMSX vs. IIBAX — Risk / Return Rank
TCMSX
IIBAX
TCMSX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Small Cap Growth Fund (TCMSX) and Voya Intermediate Bond Fund (IIBAX). 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.
| TCMSX | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.74 | +1.30 |
| Martin ratioReturn relative to average drawdown | 7.18 | 1.83 | +5.35 |
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Drawdowns
TCMSX vs. IIBAX - Drawdown Comparison
The maximum TCMSX drawdown since its inception was -55.98%, which is greater than IIBAX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for TCMSX and IIBAX.
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Drawdown Indicators
| TCMSX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.98% | -20.34% | -35.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.86% | -3.10% | -13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -30.74% | -5.20% | -25.54% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -20.01% | -14.59% |
Max Drawdown (10Y)Largest decline over 10 years | -39.29% | -20.34% | -18.95% |
Current DrawdownCurrent decline from peak | -9.45% | -3.21% | -6.24% |
Average DrawdownAverage peak-to-trough decline | -11.71% | -2.88% | -8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 1.21% | +3.39% |
Volatility
TCMSX vs. IIBAX - Volatility Comparison
Voya Small Cap Growth Fund (TCMSX) has a higher volatility of 5.90% compared to Voya Intermediate Bond Fund (IIBAX) at 1.02%. This indicates that TCMSX's price experiences larger fluctuations and is considered to be riskier than IIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCMSX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 1.02% | +4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 3.31% | +15.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.38% | 4.26% | +20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 6.01% | +18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 5.04% | +18.69% |
TCMSX vs. IIBAX - Expense Ratio Comparison
TCMSX has a 0.93% expense ratio, which is higher than IIBAX's 0.69% expense ratio.
Dividends
TCMSX vs. IIBAX - Dividend Comparison
TCMSX's dividend yield for the trailing twelve months is around 4.86%, more than IIBAX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | 3.30% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
TCMSX Voya Small Cap Growth Fund | 4.86% | 5.57% | 10.53% | 0.00% | 0.00% | 20.02% | 6.69% | 1.40% | 14.82% | 16.10% | 0.00% | 16.82% |
Frequently Asked Questions
TCMSX and IIBAX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCMSX has higher volatility (5.90%) compared to IIBAX (1.02%). In terms of maximum drawdown, TCMSX dropped -55.98% vs IIBAX's -20.34%.
TCMSX currently has the higher Sharpe Ratio (1.41 vs 0.54), 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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