FSTBX vs. IPIRX

Last updated Jun 24, 2026

FSTBX (Federated Hermes Global Allocation Fund) and IPIRX (Voya Global Perspectives Portfolio) are both Global Allocation funds. Their correlation of 0.85 suggests significant overlap in exposure. FSTBX charges 1.14%/yr vs 0.20%/yr for IPIRX.

Performance

FSTBX vs. IPIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Global Allocation Fund (FSTBX) and Voya Global Perspectives Portfolio (IPIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSTBX

• 1D: -0.04%
• 1M: 1.91%
• YTD: 7.83%
• 6M: 7.69%
• 1Y: 19.11%
• 3Y*: 13.43%
• 5Y*: 5.69%
• 10Y*: 7.55%

IPIRX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSTBX vs. IPIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSTBX Federated Hermes Global Allocation Fund	7.83%	16.61%	9.08%	11.22%	-15.42%	8.54%	12.56%	17.87%	-8.60%	17.06%
IPIRX Voya Global Perspectives Portfolio	6.84%	14.21%	7.31%	10.65%	-17.52%	6.06%	16.10%	18.35%	-9.87%	15.00%

Correlation

The correlation between FSTBX and IPIRX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.85

Over the past year, the correlation between FSTBX and IPIRX has dropped to 0.34 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

FSTBX vs. IPIRX — Risk / Return Rank

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

FSTBX

FSTBX Risk / Return Rank: 47
FSTBX Sharpe Ratio Rank: 39
FSTBX Sortino Ratio Rank: 37
FSTBX Omega Ratio Rank: 68
FSTBX Calmar Ratio Rank: 46
FSTBX Martin Ratio Rank: 44

IPIRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FSTBX vs. IPIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Global Allocation Fund (FSTBX) and Voya Global Perspectives Portfolio (IPIRX). 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.

	FSTBX	IPIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	8.84	—	—

Drawdowns

Drawdown Indicators

	FSTBX	IPIRX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	—	—
Current Drawdown Current decline from peak	-0.25%	—	—
Average Drawdown Average peak-to-trough decline	-6.94%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	—	—

Volatility

Volatility by Period

	FSTBX	IPIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.04%	—	—

FSTBX vs. IPIRX - Expense Ratio Comparison

FSTBX has a 1.14% expense ratio, which is higher than IPIRX's 0.20% expense ratio.

Dividends

FSTBX vs. IPIRX - Dividend Comparison

FSTBX's dividend yield for the trailing twelve months is around 5.86%, less than IPIRX's 44.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTBX Federated Hermes Global Allocation Fund	5.86%	6.35%	2.01%	1.53%	1.72%	15.46%	2.28%	2.55%	5.79%	1.43%	1.87%	1.14%
IPIRX Voya Global Perspectives Portfolio	44.20%	5.64%	3.25%	14.65%	13.55%	6.34%	6.25%	7.80%	1.30%	2.78%	2.78%	7.16%

Frequently Asked Questions

Can I hold both FSTBX and IPIRX in my portfolio?

FSTBX and IPIRX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.