VYMSX vs. IGBIX
VYMSX (Voya Mid Cap Research Enhanced Index Fund) and IGBIX (Voya Global Bond Fund) are both mutual funds - VYMSX is a Mid Cap Blend Equities fund managed by Voya, while IGBIX is a Global Bonds fund managed by Voya. Over the past 10 years, VYMSX returned 11.11%/yr vs 0.61%/yr for IGBIX. At a 0.08 correlation, their price movements are largely independent. VYMSX charges 0.82%/yr vs 0.65%/yr for IGBIX.
Performance
VYMSX vs. IGBIX - Performance Comparison
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Returns By Period
In the year-to-date period, VYMSX achieves a 18.64% return, which is significantly higher than IGBIX's -1.70% return. Over the past 10 years, VYMSX has outperformed IGBIX with an annualized return of 11.11%, while IGBIX has yielded a comparatively lower 0.61% annualized return.
VYMSX
- 1D
- 0.95%
- 1M
- 5.37%
- YTD
- 18.64%
- 6M
- 16.46%
- 1Y
- 28.42%
- 3Y*
- 17.70%
- 5Y*
- 9.50%
- 10Y*
- 11.11%
IGBIX
- 1D
- -0.42%
- 1M
- 0.11%
- YTD
- -1.70%
- 6M
- -1.31%
- 1Y
- -0.50%
- 3Y*
- 2.90%
- 5Y*
- -2.34%
- 10Y*
- 0.61%
VYMSX vs. IGBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VYMSX Voya Mid Cap Research Enhanced Index Fund | 18.64% | 6.79% | 14.92% | 17.35% | -14.63% | 27.47% | 8.26% | 28.18% | -14.55% | 13.43% |
IGBIX Voya Global Bond Fund | -1.70% | 7.51% | -1.07% | 6.05% | -18.48% | -5.58% | 10.12% | 7.59% | -1.89% | 9.66% |
Correlation
The correlation between VYMSX and IGBIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2006 | 0.08 |
Over the past year, VYMSX and IGBIX have become more correlated (0.37) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
VYMSX vs. IGBIX — Risk / Return Rank
VYMSX
IGBIX
VYMSX vs. IGBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Mid Cap Research Enhanced Index Fund (VYMSX) 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.
| VYMSX | IGBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.02 | +3.24 |
| Martin ratioReturn relative to average drawdown | 12.51 | -0.05 | +12.56 |
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Drawdowns
VYMSX vs. IGBIX - Drawdown Comparison
The maximum VYMSX drawdown since its inception was -57.85%, which is greater than IGBIX's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for VYMSX and IGBIX.
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Drawdown Indicators
| VYMSX | IGBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.85% | -28.58% | -29.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -5.27% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -7.74% | -16.28% |
Max Drawdown (5Y)Largest decline over 5 years | -31.71% | -26.46% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -43.69% | -28.58% | -15.11% |
Current DrawdownCurrent decline from peak | 0.00% | -14.90% | +14.90% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -6.02% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.98% | +0.61% |
Volatility
VYMSX vs. IGBIX - Volatility Comparison
Voya Mid Cap Research Enhanced Index Fund (VYMSX) has a higher volatility of 5.87% compared to Voya Global Bond Fund (IGBIX) at 1.93%. This indicates that VYMSX's price experiences larger fluctuations and is considered to be riskier 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
| VYMSX | IGBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 1.93% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 4.64% | +8.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 6.00% | +11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.39% | 6.72% | +16.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.96% | 5.98% | +16.98% |
VYMSX vs. IGBIX - Expense Ratio Comparison
VYMSX has a 0.82% expense ratio, which is higher than IGBIX's 0.65% expense ratio.
Dividends
VYMSX vs. IGBIX - Dividend Comparison
VYMSX's dividend yield for the trailing twelve months is around 25.09%, more than IGBIX's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBIX Voya Global Bond Fund | 3.92% | 3.44% | 4.58% | 3.35% | 3.31% | 4.04% | 4.43% | 4.66% | 4.75% | 4.84% | 4.69% | 4.72% |
VYMSX Voya Mid Cap Research Enhanced Index Fund | 25.09% | 29.77% | 11.50% | 0.96% | 6.78% | 14.81% | 0.79% | 2.00% | 13.24% | 7.58% | 1.83% | 6.83% |
Frequently Asked Questions
VYMSX and IGBIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMSX has higher volatility (5.87%) compared to IGBIX (1.93%). In terms of maximum drawdown, VYMSX dropped -57.85% vs IGBIX's -28.58%.
VYMSX currently has the higher Sharpe Ratio (1.89 vs -0.02), 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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