VGSBX vs. IIBAX
VGSBX (VY BrandywineGLOBAL - Bond Portfolio) and IIBAX (Voya Intermediate Bond Fund) are both Intermediate Core-Plus Bond funds from Voya. Over the past 10 years, VGSBX returned 2.84%/yr vs 1.80%/yr for IIBAX. Their correlation of 0.84 suggests significant overlap in exposure. VGSBX charges 0.55%/yr vs 0.69%/yr for IIBAX.
Performance
VGSBX vs. IIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, VGSBX achieves a 1.17% return, which is significantly higher than IIBAX's 0.41% return. Over the past 10 years, VGSBX has outperformed IIBAX with an annualized return of 2.84%, while IIBAX has yielded a comparatively lower 1.80% annualized return.
VGSBX
- 1D
- 0.21%
- 1M
- 0.63%
- YTD
- 1.17%
- 6M
- 1.17%
- 1Y
- 5.20%
- 3Y*
- 3.46%
- 5Y*
- 0.13%
- 10Y*
- 2.84%
IIBAX
- 1D
- 0.23%
- 1M
- 0.94%
- YTD
- 0.41%
- 6M
- 0.78%
- 1Y
- 3.98%
- 3Y*
- 4.49%
- 5Y*
- -0.10%
- 10Y*
- 1.80%
VGSBX vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSBX VY BrandywineGLOBAL - Bond Portfolio | 1.17% | 6.12% | 0.68% | 5.65% | -11.86% | 1.15% | 17.48% | 10.01% | -1.55% | 2.93% |
IIBAX Voya Intermediate Bond Fund | 0.41% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between VGSBX and IIBAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.84 |
The correlation between VGSBX and IIBAX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
VGSBX vs. IIBAX — Risk / Return Rank
VGSBX
IIBAX
VGSBX vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY BrandywineGLOBAL - Bond Portfolio (VGSBX) 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.
| VGSBX | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.44 | +1.79 |
| Martin ratioReturn relative to average drawdown | 10.21 | 4.04 | +6.17 |
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Drawdowns
VGSBX vs. IIBAX - Drawdown Comparison
The maximum VGSBX drawdown since its inception was -18.20%, smaller than the maximum IIBAX drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for VGSBX and IIBAX.
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Drawdown Indicators
| VGSBX | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.20% | -20.34% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -3.10% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -10.28% | -6.12% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -20.01% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | -20.34% | +2.14% |
Current DrawdownCurrent decline from peak | 0.00% | -2.11% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -2.88% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.06% | -0.51% |
Volatility
VGSBX vs. IIBAX - Volatility Comparison
The current volatility for VY BrandywineGLOBAL - Bond Portfolio (VGSBX) is 0.62%, while Voya Intermediate Bond Fund (IIBAX) has a volatility of 1.35%. This indicates that VGSBX experiences smaller price fluctuations and is considered to be less risky 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
| VGSBX | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.35% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 3.20% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 4.31% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 6.00% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 5.04% | +1.20% |
VGSBX vs. IIBAX - Expense Ratio Comparison
VGSBX has a 0.55% expense ratio, which is lower than IIBAX's 0.69% expense ratio.
Dividends
VGSBX vs. IIBAX - Dividend Comparison
VGSBX's dividend yield for the trailing twelve months is around 3.89%, more than IIBAX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | 3.59% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
VGSBX VY BrandywineGLOBAL - Bond Portfolio | 3.89% | 3.93% | 4.56% | 2.18% | 6.85% | 8.48% | 2.48% | 1.89% | 2.29% | 2.31% | 2.34% | 0.00% |
Frequently Asked Questions
VGSBX and IIBAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIBAX has higher volatility (1.35%) compared to VGSBX (0.62%). In terms of maximum drawdown, VGSBX dropped -18.20% vs IIBAX's -20.34%.
VGSBX currently has the higher Sharpe Ratio (1.25 vs 1.03), 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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