ATLAX vs. ISWIX

Last updated Jun 4, 2026

ATLAX (Atlas U.S. Tactical Income Fund) and ISWIX (Voya Solution Income Portfolio) are both mutual funds - ATLAX is a Diversified Portfolio fund managed by Voya, while ISWIX is a Target Retirement Date fund managed by Voya. Over the past 10 years, ATLAX returned -0.21%/yr vs 5.62%/yr for ISWIX. A 0.73 correlation means they provide meaningful diversification when combined. ATLAX charges 1.18%/yr vs 0.25%/yr for ISWIX.

Performance

ATLAX vs. ISWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Atlas U.S. Tactical Income Fund (ATLAX) and Voya Solution Income Portfolio (ISWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATLAX achieves a 0.53% return, which is significantly lower than ISWIX's 5.07% return. Over the past 10 years, ATLAX has underperformed ISWIX with an annualized return of -0.21%, while ISWIX has yielded a comparatively higher 5.62% annualized return.

ATLAX

• 1D: -0.23%
• 1M: 0.44%
• YTD: 0.53%
• 6M: 0.94%
• 1Y: 11.28%
• 3Y*: 8.62%
• 5Y*: -0.40%
• 10Y*: -0.21%

ISWIX

• 1D: 0.08%
• 1M: 2.34%
• YTD: 5.07%
• 6M: 5.25%
• 1Y: 13.03%
• 3Y*: 9.58%
• 5Y*: 3.97%
• 10Y*: 5.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATLAX vs. ISWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATLAX Atlas U.S. Tactical Income Fund	0.53%	13.62%	4.51%	9.92%	-23.76%	-1.25%	1.46%	4.27%	-8.13%	2.39%
ISWIX Voya Solution Income Portfolio	5.07%	11.26%	6.47%	10.89%	-14.74%	6.70%	12.19%	13.37%	-2.80%	9.66%

Correlation

The correlation between ATLAX and ISWIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 2, 2015	0.73

The correlation between ATLAX and ISWIX shifts across timeframes, from 0.65 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ATLAX vs. ISWIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATLAX

ATLAX Risk / Return Rank: 46
ATLAX Sharpe Ratio Rank: 45
ATLAX Sortino Ratio Rank: 47
ATLAX Omega Ratio Rank: 45
ATLAX Calmar Ratio Rank: 44
ATLAX Martin Ratio Rank: 50

ISWIX

ISWIX Risk / Return Rank: 78
ISWIX Sharpe Ratio Rank: 79
ISWIX Sortino Ratio Rank: 84
ISWIX Omega Ratio Rank: 77
ISWIX Calmar Ratio Rank: 71
ISWIX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATLAX vs. ISWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Atlas U.S. Tactical Income Fund (ATLAX) and Voya Solution Income Portfolio (ISWIX). 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.

	ATLAX	ISWIX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.61	-0.64
Sortino ratio: Return per unit of downside risk	2.88	4.01	-1.13
Omega ratio: Gain probability vs. loss probability	1.37	1.51	-0.14
Calmar ratio: Return relative to maximum drawdown	2.52	3.26	-0.74
Martin ratio: Return relative to average drawdown	10.18	14.76	-4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATLAX vs. ISWIX - Sharpe Ratio Comparison

The current ATLAX Sharpe Ratio is 1.97, which is comparable to the ISWIX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of ATLAX and ISWIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATLAX	ISWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.61	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.58	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.87	-0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.76	-0.74

Drawdowns

ATLAX vs. ISWIX - Drawdown Comparison

The maximum ATLAX drawdown since its inception was -39.28%, which is greater than ISWIX's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for ATLAX and ISWIX.

Drawdown Indicators

	ATLAX	ISWIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-27.14%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-4.66%	-4.42%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-11.47%	-6.47%	-5.00%
Max Drawdown (5Y) Largest decline over 5 years	-31.49%	-18.78%	-12.71%
Max Drawdown (10Y) Largest decline over 10 years	-39.28%	-18.78%	-20.50%
Current Drawdown Current decline from peak	-14.03%	0.00%	-14.03%
Average Drawdown Average peak-to-trough decline	-14.57%	-3.03%	-11.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	0.94%	+0.21%

Volatility

ATLAX vs. ISWIX - Volatility Comparison

Atlas U.S. Tactical Income Fund (ATLAX) has a higher volatility of 2.45% compared to Voya Solution Income Portfolio (ISWIX) at 1.89%. This indicates that ATLAX's price experiences larger fluctuations and is considered to be riskier than ISWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATLAX	ISWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	1.89%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	4.42%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	5.52%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	6.97%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	6.57%	+9.89%

ATLAX vs. ISWIX - Expense Ratio Comparison

ATLAX has a 1.18% expense ratio, which is higher than ISWIX's 0.25% expense ratio.

Dividends

ATLAX vs. ISWIX - Dividend Comparison

ATLAX's dividend yield for the trailing twelve months is around 4.97%, more than ISWIX's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATLAX Atlas U.S. Tactical Income Fund	4.97%	4.68%	5.15%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISWIX Voya Solution Income Portfolio	3.67%	3.85%	2.99%	4.17%	17.41%	6.86%	2.76%	5.10%	5.54%	2.79%	2.38%	6.99%

Frequently Asked Questions

Can I hold both ATLAX and ISWIX in my portfolio?

ATLAX and ISWIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATLAX or ISWIX?

ATLAX has higher volatility (2.45%) compared to ISWIX (1.89%). In terms of maximum drawdown, ATLAX dropped -39.28% vs ISWIX's -27.14%.

Which has better risk-adjusted returns?

ISWIX currently has the higher Sharpe Ratio (2.61 vs 1.97), 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.