VTWV vs. IIBAX
VTWV (Vanguard Russell 2000 Value ETF) and IIBAX (Voya Intermediate Bond Fund) are both funds - VTWV is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, VTWV returned 10.58%/yr vs 1.74%/yr for IIBAX. At a correlation of -0.08, they often move in opposite directions. VTWV charges 0.10%/yr vs 0.69%/yr for IIBAX.
Performance
VTWV vs. IIBAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTWV achieves a 19.49% return, which is significantly higher than IIBAX's -0.05% return. Over the past 10 years, VTWV has outperformed IIBAX with an annualized return of 10.58%, while IIBAX has yielded a comparatively lower 1.74% annualized return.
VTWV
- 1D
- 2.44%
- 1M
- 3.11%
- YTD
- 19.49%
- 6M
- 15.14%
- 1Y
- 40.78%
- 3Y*
- 17.72%
- 5Y*
- 6.85%
- 10Y*
- 10.58%
IIBAX
- 1D
- -0.11%
- 1M
- 0.02%
- YTD
- -0.05%
- 6M
- 0.21%
- 1Y
- 3.74%
- 3Y*
- 4.37%
- 5Y*
- -0.17%
- 10Y*
- 1.74%
VTWV vs. IIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWV Vanguard Russell 2000 Value ETF | 19.49% | 12.72% | 7.83% | 14.67% | -14.46% | 27.90% | 4.88% | 22.44% | -13.34% | 8.06% |
IIBAX Voya Intermediate Bond Fund | -0.05% | 6.42% | 2.65% | 7.04% | -15.11% | -1.79% | 7.75% | 9.57% | -0.59% | 4.48% |
Correlation
The correlation between VTWV and IIBAX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | -0.08 |
The correlation between VTWV and IIBAX shifts across timeframes, from -0.08 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VTWV vs. IIBAX — Risk / Return Rank
VTWV
IIBAX
VTWV vs. IIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) 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.
| VTWV | IIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 1.44 | +3.30 |
| Martin ratioReturn relative to average drawdown | 16.17 | 4.12 | +12.05 |
Loading charts...
Drawdowns
VTWV vs. IIBAX - Drawdown Comparison
The maximum VTWV drawdown since its inception was -45.73%, which is greater than IIBAX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for VTWV and IIBAX.
Loading charts...
Drawdown Indicators
| VTWV | IIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.73% | -20.34% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -3.10% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -6.12% | -20.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.72% | -20.01% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.73% | -20.34% | -25.39% |
Current DrawdownCurrent decline from peak | 0.00% | -2.56% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -2.88% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.05% | +1.48% |
Volatility
VTWV vs. IIBAX - Volatility Comparison
Vanguard Russell 2000 Value ETF (VTWV) has a higher volatility of 5.87% compared to Voya Intermediate Bond Fund (IIBAX) at 1.53%. This indicates that VTWV'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.
Loading charts...
Volatility by Period
| VTWV | IIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 1.53% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 3.14% | +9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 4.30% | +14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.77% | 6.00% | +15.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 5.03% | +18.53% |
VTWV vs. IIBAX - Expense Ratio Comparison
VTWV has a 0.10% expense ratio, which is lower than IIBAX's 0.69% expense ratio.
Dividends
VTWV vs. IIBAX - Dividend Comparison
VTWV's dividend yield for the trailing twelve months is around 1.55%, less than IIBAX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIBAX Voya Intermediate Bond Fund | 3.60% | 3.43% | 4.50% | 4.05% | 1.98% | 2.03% | 4.69% | 3.23% | 2.93% | 2.88% | 2.96% | 2.45% |
VTWV Vanguard Russell 2000 Value ETF | 1.55% | 1.79% | 1.78% | 2.02% | 2.07% | 1.60% | 1.49% | 1.82% | 2.04% | 1.63% | 1.57% | 2.03% |
Frequently Asked Questions
VTWV and IIBAX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTWV has higher volatility (5.87%) compared to IIBAX (1.53%). In terms of maximum drawdown, VTWV dropped -45.73% vs IIBAX's -20.34%.
VTWV currently has the higher Sharpe Ratio (2.22 vs 1.04), 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.
Find the right allocation for VTWV and IIBAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer