ISOLX vs. LIRAX
ISOLX (Voya Target In-Retirement Fund) and LIRAX (BlackRock LifePath Index Retirement Fund Investor A Shares) are both Target Retirement Date funds. Over the past 10 years, ISOLX returned 5.64%/yr vs 5.69%/yr for LIRAX. Their correlation of 0.94 suggests significant overlap in exposure. ISOLX charges 0.20%/yr vs 0.44%/yr for LIRAX.
Performance
ISOLX vs. LIRAX - Performance Comparison
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Returns By Period
In the year-to-date period, ISOLX achieves a 4.14% return, which is significantly lower than LIRAX's 4.43% return. Both investments have delivered pretty close results over the past 10 years, with ISOLX having a 5.64% annualized return and LIRAX not far ahead at 5.69%.
ISOLX
- 1D
- -0.67%
- 1M
- 0.17%
- YTD
- 4.14%
- 6M
- 3.84%
- 1Y
- 11.02%
- 3Y*
- 9.64%
- 5Y*
- 3.92%
- 10Y*
- 5.64%
LIRAX
- 1D
- -0.70%
- 1M
- -0.06%
- YTD
- 4.43%
- 6M
- 3.98%
- 1Y
- 11.32%
- 3Y*
- 9.33%
- 5Y*
- 3.53%
- 10Y*
- 5.69%
ISOLX vs. LIRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISOLX Voya Target In-Retirement Fund | 4.14% | 11.96% | 7.03% | 11.13% | -14.97% | 6.53% | 10.46% | 14.40% | -2.96% | 9.49% |
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 4.43% | 12.09% | 5.84% | 11.22% | -15.49% | 6.42% | 11.05% | 15.60% | -3.79% | 10.43% |
Correlation
The correlation between ISOLX and LIRAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.94 |
The correlation between ISOLX and LIRAX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
ISOLX vs. LIRAX — Risk / Return Rank
ISOLX
LIRAX
ISOLX vs. LIRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Target In-Retirement Fund (ISOLX) and BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX). 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.
| ISOLX | LIRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.79 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.51 | 12.10 | +0.41 |
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Drawdowns
ISOLX vs. LIRAX - Drawdown Comparison
The maximum ISOLX drawdown since its inception was -19.02%, smaller than the maximum LIRAX drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for ISOLX and LIRAX.
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Drawdown Indicators
| ISOLX | LIRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -20.67% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -4.29% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.37% | -7.63% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.02% | -20.67% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | -20.67% | +1.65% |
Current DrawdownCurrent decline from peak | -1.09% | -1.21% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -2.93% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.99% | -0.01% |
Volatility
ISOLX vs. LIRAX - Volatility Comparison
The current volatility for Voya Target In-Retirement Fund (ISOLX) is 2.36%, while BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) has a volatility of 2.54%. This indicates that ISOLX experiences smaller price fluctuations and is considered to be less risky than LIRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISOLX | LIRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 2.54% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 5.02% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 5.99% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 7.89% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.59% | 7.52% | -0.93% |
ISOLX vs. LIRAX - Expense Ratio Comparison
ISOLX has a 0.20% expense ratio, which is lower than LIRAX's 0.44% expense ratio.
Dividends
ISOLX vs. LIRAX - Dividend Comparison
ISOLX's dividend yield for the trailing twelve months is around 3.73%, more than LIRAX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISOLX Voya Target In-Retirement Fund | 3.73% | 3.89% | 2.37% | 3.10% | 3.50% | 10.09% | 3.54% | 6.63% | 3.53% | 4.60% | 2.06% | 0.30% |
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 3.39% | 3.53% | 1.82% | 2.37% | 2.42% | 2.42% | 1.70% | 2.22% | 2.18% | 1.99% | 2.23% | 2.67% |
Frequently Asked Questions
ISOLX and LIRAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIRAX has higher volatility (2.54%) compared to ISOLX (2.36%). In terms of maximum drawdown, ISOLX dropped -19.02% vs LIRAX's -20.67%.
ISOLX currently has the higher Sharpe Ratio (2.14 vs 2.00), 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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