FRQIX vs. VISPX
FRQIX (Fidelity Advisor Managed Retirement 2010 Fund Class I) and VISPX (Voya Index Solution 2060 Portfolio) are both Target Retirement Date funds. Over the past 10 years, FRQIX returned 5.14%/yr vs 12.39%/yr for VISPX. A 0.80 correlation means they provide meaningful diversification when combined. FRQIX charges 0.46%/yr vs 0.22%/yr for VISPX.
Performance
FRQIX vs. VISPX - Performance Comparison
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Returns By Period
In the year-to-date period, FRQIX achieves a 3.60% return, which is significantly lower than VISPX's 11.86% return. Over the past 10 years, FRQIX has underperformed VISPX with an annualized return of 5.14%, while VISPX has yielded a comparatively higher 12.39% annualized return.
FRQIX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.60%
- 1Y
- 9.10%
- 3Y*
- 7.45%
- 5Y*
- 2.77%
- 10Y*
- 5.14%
VISPX
- 1D
- -0.05%
- 1M
- 1.61%
- YTD
- 11.86%
- 6M
- 11.11%
- 1Y
- 26.79%
- 3Y*
- 19.36%
- 5Y*
- 10.21%
- 10Y*
- 12.39%
FRQIX vs. VISPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.58% | 12.63% | -2.84% | 10.64% |
VISPX Voya Index Solution 2060 Portfolio | 11.86% | 20.70% | 15.41% | 20.34% | -18.32% | 18.21% | 15.72% | 25.28% | -8.45% | 21.11% |
Correlation
The correlation between FRQIX and VISPX 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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.80 |
The correlation between FRQIX and VISPX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
FRQIX vs. VISPX — Risk / Return Rank
FRQIX
VISPX
FRQIX vs. VISPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX) and Voya Index Solution 2060 Portfolio (VISPX). 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.
| FRQIX | VISPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.25 | -0.49 |
| Martin ratioReturn relative to average drawdown | 11.55 | 15.11 | -3.56 |
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Drawdowns
FRQIX vs. VISPX - Drawdown Comparison
The maximum FRQIX drawdown since its inception was -38.01%, which is greater than VISPX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FRQIX and VISPX.
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Drawdown Indicators
| FRQIX | VISPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.01% | -32.66% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -9.43% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.21% | -15.88% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -25.93% | +8.89% |
Max Drawdown (10Y)Largest decline over 10 years | -17.04% | -32.66% | +15.62% |
Current DrawdownCurrent decline from peak | -0.42% | -0.46% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.74% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.96% | -1.14% |
Volatility
FRQIX vs. VISPX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX) is 1.68%, while Voya Index Solution 2060 Portfolio (VISPX) has a volatility of 4.72%. This indicates that FRQIX experiences smaller price fluctuations and is considered to be less risky than VISPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRQIX | VISPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 4.72% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 10.59% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 12.99% | -8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 15.45% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 16.35% | -11.01% |
FRQIX vs. VISPX - Expense Ratio Comparison
FRQIX has a 0.46% expense ratio, which is higher than VISPX's 0.22% expense ratio.
Dividends
FRQIX vs. VISPX - Dividend Comparison
FRQIX's dividend yield for the trailing twelve months is around 3.22%, more than VISPX's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.22% | 3.14% | 2.97% | 2.75% | 5.01% | 6.00% | 3.51% | 3.14% | 5.60% | 16.32% | 2.43% | 4.08% |
VISPX Voya Index Solution 2060 Portfolio | 1.35% | 1.51% | 0.15% | 7.18% | 12.68% | 3.32% | 3.29% | 3.18% | 3.91% | 1.11% | 1.79% | 0.00% |
Frequently Asked Questions
FRQIX and VISPX 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.
VISPX has higher volatility (4.72%) compared to FRQIX (1.68%). In terms of maximum drawdown, FRQIX dropped -38.01% vs VISPX's -32.66%.
VISPX currently has the higher Sharpe Ratio (2.36 vs 2.17), 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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