ISQIX vs. ISOLX

Last updated Jun 6, 2026

ISQIX (Voya Solution 2035 Portfolio) and ISOLX (Voya Target In-Retirement Fund) are both Target Retirement Date funds from Voya. Over the past 10 years, ISQIX returned 9.65%/yr vs 5.60%/yr for ISOLX. Their correlation of 0.89 suggests significant overlap in exposure. ISQIX charges 0.18%/yr vs 0.20%/yr for ISOLX.

Performance

ISQIX vs. ISOLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Solution 2035 Portfolio (ISQIX) and Voya Target In-Retirement Fund (ISOLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISQIX achieves a 8.67% return, which is significantly higher than ISOLX's 4.85% return. Over the past 10 years, ISQIX has outperformed ISOLX with an annualized return of 9.65%, while ISOLX has yielded a comparatively lower 5.60% annualized return.

ISQIX

• 1D: 0.00%
• 1M: 1.51%
• YTD: 8.67%
• 6M: 9.14%
• 1Y: 20.80%
• 3Y*: 15.62%
• 5Y*: 7.39%
• 10Y*: 9.65%

ISOLX

• 1D: 0.00%
• 1M: 0.59%
• YTD: 4.85%
• 6M: 5.18%
• 1Y: 13.30%
• 3Y*: 10.07%
• 5Y*: 4.13%
• 10Y*: 5.60%

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

ISQIX vs. ISOLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISQIX Voya Solution 2035 Portfolio	8.67%	16.44%	11.99%	17.94%	-18.18%	14.39%	14.69%	22.12%	-8.08%	19.83%
ISOLX Voya Target In-Retirement Fund	4.85%	11.96%	7.03%	11.13%	-14.97%	6.53%	10.46%	14.40%	-2.96%	9.49%

Correlation

The correlation between ISQIX and ISOLX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 26, 2012	0.89

The correlation between ISQIX and ISOLX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

ISQIX vs. ISOLX — Risk / Return Rank

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

ISQIX

ISQIX Risk / Return Rank: 74
ISQIX Sharpe Ratio Rank: 74
ISQIX Sortino Ratio Rank: 76
ISQIX Omega Ratio Rank: 71
ISQIX Calmar Ratio Rank: 68
ISQIX Martin Ratio Rank: 82

ISOLX

ISOLX Risk / Return Rank: 79
ISOLX Sharpe Ratio Rank: 80
ISOLX Sortino Ratio Rank: 84
ISOLX Omega Ratio Rank: 79
ISOLX Calmar Ratio Rank: 71
ISOLX Martin Ratio Rank: 80

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.

ISQIX vs. ISOLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Solution 2035 Portfolio (ISQIX) and Voya Target In-Retirement Fund (ISOLX). 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.

	ISQIX	ISOLX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.55	-0.13
Sortino ratio: Return per unit of downside risk	3.57	3.94	-0.37
Omega ratio: Gain probability vs. loss probability	1.46	1.50	-0.05
Calmar ratio: Return relative to maximum drawdown	3.06	3.15	-0.09
Martin ratio: Return relative to average drawdown	14.73	14.38	+0.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISQIX vs. ISOLX - Sharpe Ratio Comparison

The current ISQIX Sharpe Ratio is 2.42, which is comparable to the ISOLX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of ISQIX and ISOLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISQIX	ISOLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.55	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.60	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.86	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.90	-0.43

Drawdowns

ISQIX vs. ISOLX - Drawdown Comparison

The maximum ISQIX drawdown since its inception was -53.42%, which is greater than ISOLX's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for ISQIX and ISOLX.

Drawdown Indicators

	ISQIX	ISOLX	Difference
Max Drawdown Largest peak-to-trough decline	-53.42%	-19.02%	-34.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-4.54%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-11.80%	-6.37%	-5.43%
Max Drawdown (5Y) Largest decline over 5 years	-24.79%	-19.02%	-5.77%
Max Drawdown (10Y) Largest decline over 10 years	-30.61%	-19.02%	-11.59%
Current Drawdown Current decline from peak	-0.62%	-0.42%	-0.20%
Average Drawdown Average peak-to-trough decline	-7.41%	-2.82%	-4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	0.96%	+0.52%

Volatility

ISQIX vs. ISOLX - Volatility Comparison

Voya Solution 2035 Portfolio (ISQIX) has a higher volatility of 2.82% compared to Voya Target In-Retirement Fund (ISOLX) at 2.03%. This indicates that ISQIX's price experiences larger fluctuations and is considered to be riskier than ISOLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISQIX	ISOLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.03%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	4.52%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	9.32%	5.61%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.34%	7.02%	+5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.50%	6.57%	+6.93%

ISQIX vs. ISOLX - Expense Ratio Comparison

ISQIX has a 0.18% expense ratio, which is lower than ISOLX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISQIX vs. ISOLX - Dividend Comparison

ISQIX's dividend yield for the trailing twelve months is around 5.32%, more than ISOLX's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISOLX Voya Target In-Retirement Fund	3.71%	3.89%	2.37%	3.10%	3.50%	10.09%	3.54%	6.63%	3.53%	4.60%	2.06%	0.30%
ISQIX Voya Solution 2035 Portfolio	5.32%	5.78%	1.80%	6.70%	26.20%	6.16%	7.98%	10.27%	6.94%	4.21%	11.65%	17.40%

Frequently Asked Questions

Can I hold both ISQIX and ISOLX in my portfolio?

With a correlation of 0.94, ISQIX and ISOLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ISQIX or ISOLX?

ISQIX has higher volatility (2.82%) compared to ISOLX (2.03%). In terms of maximum drawdown, ISQIX dropped -53.42% vs ISOLX's -19.02%.

Which has better risk-adjusted returns?

ISOLX currently has the higher Sharpe Ratio (2.55 vs 2.42), 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.