IISPX vs. FNSHX

Last updated Jun 26, 2026

IISPX (Voya Solution 2055 Portfolio) and FNSHX (Fidelity Freedom Income Fund Class K) are both Target Retirement Date funds. Over the past 5 years, IISPX returned 9.11%/yr vs 3.10%/yr for FNSHX. A 0.68 correlation means they provide meaningful diversification when combined. IISPX charges 0.19%/yr vs 0.42%/yr for FNSHX.

Performance

IISPX vs. FNSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Solution 2055 Portfolio (IISPX) and Fidelity Freedom Income Fund Class K (FNSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IISPX achieves a 9.77% return, which is significantly higher than FNSHX's 4.40% return.

IISPX

• 1D: 0.00%
• 1M: -1.34%
• YTD: 9.77%
• 6M: 8.92%
• 1Y: 22.57%
• 3Y*: 18.35%
• 5Y*: 9.11%
• 10Y*: 11.70%

FNSHX

• 1D: 0.26%
• 1M: 0.04%
• YTD: 4.40%
• 6M: 4.25%
• 1Y: 9.60%
• 3Y*: 7.80%
• 5Y*: 3.10%
• 10Y*: —

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

IISPX vs. FNSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IISPX Voya Solution 2055 Portfolio	9.77%	20.07%	15.30%	20.87%	-19.26%	17.64%	16.42%	24.65%	-10.28%	8.19%
FNSHX Fidelity Freedom Income Fund Class K	4.40%	10.35%	4.40%	8.26%	-11.31%	3.16%	9.01%	10.74%	-1.86%	0.09%

Correlation

The correlation between IISPX and FNSHX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017	0.68

The correlation between IISPX and FNSHX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

Return for Risk

IISPX vs. FNSHX — Risk / Return Rank

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

IISPX

IISPX Risk / Return Rank: 67
IISPX Sharpe Ratio Rank: 64
IISPX Sortino Ratio Rank: 64
IISPX Omega Ratio Rank: 63
IISPX Calmar Ratio Rank: 63
IISPX Martin Ratio Rank: 78

FNSHX

FNSHX Risk / Return Rank: 67
FNSHX Sharpe Ratio Rank: 64
FNSHX Sortino Ratio Rank: 66
FNSHX Omega Ratio Rank: 71
FNSHX Calmar Ratio Rank: 64
FNSHX Martin Ratio Rank: 70

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.

IISPX vs. FNSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Solution 2055 Portfolio (IISPX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.

	IISPX	FNSHX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.94	-0.05
Sortino ratio: Return per unit of downside risk	2.69	2.77	-0.08
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	2.57	2.65	-0.09
Martin ratio: Return relative to average drawdown	11.95	11.34	+0.62

IISPX vs. FNSHX - Sharpe Ratio Comparison

The current IISPX Sharpe Ratio is 1.89, which is comparable to the FNSHX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of IISPX and FNSHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IISPX vs. FNSHX - Drawdown Comparison

The maximum IISPX drawdown since its inception was -34.45%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for IISPX and FNSHX.

Drawdown Indicators

	IISPX	FNSHX	Difference
Max Drawdown Largest peak-to-trough decline	-34.45%	-15.87%	-18.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-3.68%	-5.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-4.89%	-11.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-15.87%	-11.17%
Max Drawdown (10Y) Largest decline over 10 years	-34.45%	—	—
Current Drawdown Current decline from peak	-2.70%	-0.68%	-2.02%
Average Drawdown Average peak-to-trough decline	-4.93%	-3.02%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	0.86%	+1.11%

Volatility

IISPX vs. FNSHX - Volatility Comparison

Voya Solution 2055 Portfolio (IISPX) has a higher volatility of 5.19% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.39%. This indicates that IISPX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IISPX	FNSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	2.39%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	4.43%	+6.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	5.06%	+7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	5.44%	+10.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	4.88%	+11.48%

IISPX vs. FNSHX - Expense Ratio Comparison

IISPX has a 0.19% expense ratio, which is lower than FNSHX's 0.42% expense ratio.

Dividends

IISPX vs. FNSHX - Dividend Comparison

IISPX's dividend yield for the trailing twelve months is around 7.82%, more than FNSHX's 2.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNSHX Fidelity Freedom Income Fund Class K	2.99%	3.21%	3.19%	2.98%	5.94%	6.17%	4.43%	3.74%	5.22%	0.00%	0.00%	0.00%
IISPX Voya Solution 2055 Portfolio	7.82%	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

Can I hold both IISPX and FNSHX in my portfolio?

IISPX and FNSHX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IISPX or FNSHX?

IISPX has higher volatility (5.19%) compared to FNSHX (2.39%). In terms of maximum drawdown, IISPX dropped -34.45% vs FNSHX's -15.87%.

Which has better risk-adjusted returns?

FNSHX currently has the higher Sharpe Ratio (1.94 vs 1.89), 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.