FIRMX vs. IISPX
FIRMX (Fidelity Managed Retirement Income Fund) and IISPX (Voya Solution 2055 Portfolio) are both Target Retirement Date funds. Over the past 10 years, FIRMX returned 4.21%/yr vs 11.91%/yr for IISPX. Their correlation of 0.81 suggests significant overlap in exposure. FIRMX charges 0.45%/yr vs 0.19%/yr for IISPX.
Performance
FIRMX vs. IISPX - Performance Comparison
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Returns By Period
In the year-to-date period, FIRMX achieves a 3.60% return, which is significantly lower than IISPX's 11.89% return. Over the past 10 years, FIRMX has underperformed IISPX with an annualized return of 4.21%, while IISPX has yielded a comparatively higher 11.91% annualized return.
FIRMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.59%
- 1Y
- 9.08%
- 3Y*
- 7.18%
- 5Y*
- 2.79%
- 10Y*
- 4.21%
IISPX
- 1D
- 0.00%
- 1M
- 1.61%
- YTD
- 11.89%
- 6M
- 11.34%
- 1Y
- 26.31%
- 3Y*
- 19.11%
- 5Y*
- 9.77%
- 10Y*
- 11.91%
FIRMX vs. IISPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 3.60% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 10.57% | -1.80% | 7.08% |
IISPX Voya Solution 2055 Portfolio | 11.89% | 20.07% | 15.30% | 20.87% | -19.26% | 17.64% | 16.42% | 24.65% | -10.28% | 21.95% |
Correlation
The correlation between FIRMX and IISPX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2010 | 0.81 |
The correlation between FIRMX and IISPX shifts across timeframes, from 0.68 (5 years) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIRMX vs. IISPX — Risk / Return Rank
FIRMX
IISPX
FIRMX vs. IISPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Voya Solution 2055 Portfolio (IISPX). 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.
| FIRMX | IISPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.15 | -0.38 |
| Martin ratioReturn relative to average drawdown | 11.63 | 14.78 | -3.15 |
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Drawdowns
FIRMX vs. IISPX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.73%, roughly equal to the maximum IISPX drawdown of -34.45%. Use the drawdown chart below to compare losses from any high point for FIRMX and IISPX.
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Drawdown Indicators
| FIRMX | IISPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -34.45% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -9.51% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -15.98% | +11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -27.04% | +10.93% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -34.45% | +18.34% |
Current DrawdownCurrent decline from peak | -0.42% | -0.82% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -4.93% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.96% | -1.14% |
Volatility
FIRMX vs. IISPX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 2.02%, while Voya Solution 2055 Portfolio (IISPX) has a volatility of 4.80%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than IISPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRMX | IISPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 4.80% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 10.48% | -6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 12.87% | -8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 15.50% | -10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 16.41% | -11.87% |
FIRMX vs. IISPX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than IISPX's 0.19% expense ratio.
Dividends
FIRMX vs. IISPX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 3.25%, less than IISPX's 7.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 3.25% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
IISPX Voya Solution 2055 Portfolio | 7.67% | 8.58% | 1.54% | 5.14% | 29.36% | 14.46% | 6.23% | 10.08% | 5.84% | 2.98% | 8.44% | 13.57% |
Frequently Asked Questions
FIRMX and IISPX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IISPX has higher volatility (4.80%) compared to FIRMX (2.02%). In terms of maximum drawdown, FIRMX dropped -33.73% vs IISPX's -34.45%.
IISPX currently has the higher Sharpe Ratio (2.34 vs 2.19), 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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