ISRIX vs. VTIVX

Last updated Jun 4, 2026

ISRIX (Voya Solution 2045 Portfolio) and VTIVX (Vanguard Target Retirement 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, ISRIX returned 11.32%/yr vs 11.35%/yr for VTIVX. With a 0.98 correlation, they move nearly in lockstep. ISRIX charges 0.17%/yr vs 0.08%/yr for VTIVX.

Performance

ISRIX vs. VTIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Solution 2045 Portfolio (ISRIX) and Vanguard Target Retirement 2045 Fund (VTIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISRIX achieves a 11.91% return, which is significantly higher than VTIVX's 11.08% return. Both investments have delivered pretty close results over the past 10 years, with ISRIX having a 11.32% annualized return and VTIVX not far ahead at 11.35%.

ISRIX

• 1D: 0.29%
• 1M: 5.50%
• YTD: 11.91%
• 6M: 12.75%
• 1Y: 26.92%
• 3Y*: 19.02%
• 5Y*: 9.62%
• 10Y*: 11.32%

VTIVX

• 1D: 0.31%
• 1M: 4.78%
• YTD: 11.08%
• 6M: 11.92%
• 1Y: 26.04%
• 3Y*: 18.49%
• 5Y*: 9.63%
• 10Y*: 11.35%

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

ISRIX vs. VTIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISRIX Voya Solution 2045 Portfolio	11.91%	19.58%	14.62%	20.30%	-19.03%	17.58%	16.62%	24.17%	-10.07%	21.54%
VTIVX Vanguard Target Retirement 2045 Fund	11.08%	20.01%	13.68%	19.72%	-17.38%	16.16%	16.31%	24.94%	-7.89%	19.16%

Correlation

The correlation between ISRIX and VTIVX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 2, 2005	0.98

The correlation between ISRIX and VTIVX has been stable across timeframes, ranging from 0.90 to 0.98 - a consistent structural relationship.

Return for Risk

ISRIX vs. VTIVX — Risk / Return Rank

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

ISRIX

ISRIX Risk / Return Rank: 77
ISRIX Sharpe Ratio Rank: 79
ISRIX Sortino Ratio Rank: 78
ISRIX Omega Ratio Rank: 73
ISRIX Calmar Ratio Rank: 72
ISRIX Martin Ratio Rank: 85

VTIVX

VTIVX Risk / Return Rank: 71
VTIVX Sharpe Ratio Rank: 75
VTIVX Sortino Ratio Rank: 71
VTIVX Omega Ratio Rank: 68
VTIVX Calmar Ratio Rank: 68
VTIVX Martin Ratio Rank: 74

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.

ISRIX vs. VTIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Solution 2045 Portfolio (ISRIX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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.

	ISRIX	VTIVX	Difference
Sharpe ratio Return per unit of total volatility	2.61	2.51	+0.10
Sortino ratio Return per unit of downside risk	3.75	3.50	+0.26
Omega ratio Gain probability vs. loss probability	1.49	1.46	+0.02
Calmar ratio Return relative to maximum drawdown	3.30	3.18	+0.12
Martin ratio Return relative to average drawdown	15.92	14.06	+1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISRIX vs. VTIVX - Sharpe Ratio Comparison

The current ISRIX Sharpe Ratio is 2.61, which is comparable to the VTIVX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of ISRIX and VTIVX, 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

	ISRIX	VTIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.51	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.72	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.77	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.55	-0.09

Drawdowns

ISRIX vs. VTIVX - Drawdown Comparison

The maximum ISRIX drawdown since its inception was -56.73%, which is greater than VTIVX's maximum drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for ISRIX and VTIVX.

Drawdown Indicators

	ISRIX	VTIVX	Difference
Max Drawdown Largest peak-to-trough decline	-56.73%	-51.69%	-5.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-8.30%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-13.40%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-26.60%	-25.10%	-1.50%
Max Drawdown (10Y) Largest decline over 10 years	-33.74%	-31.42%	-2.32%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.48%	-6.33%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.87%	-0.06%

Volatility

ISRIX vs. VTIVX - Volatility Comparison

Voya Solution 2045 Portfolio (ISRIX) has a higher volatility of 3.36% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 3.18%. This indicates that ISRIX's price experiences larger fluctuations and is considered to be riskier than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISRIX	VTIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.18%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	8.37%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	10.50%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	13.49%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	14.79%	+1.08%

ISRIX vs. VTIVX - Expense Ratio Comparison

ISRIX has a 0.17% expense ratio, which is higher than VTIVX's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISRIX vs. VTIVX - Dividend Comparison

ISRIX's dividend yield for the trailing twelve months is around 5.23%, more than VTIVX's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISRIX Voya Solution 2045 Portfolio	5.23%	5.85%	1.53%	8.18%	28.81%	9.05%	7.37%	11.50%	7.75%	3.80%	11.39%	21.72%
VTIVX Vanguard Target Retirement 2045 Fund	2.25%	2.50%	2.36%	2.27%	2.75%	15.40%	1.90%	2.23%	2.52%	0.04%	2.47%	3.29%

Frequently Asked Questions

Can I hold both ISRIX and VTIVX in my portfolio?

With a correlation of 0.90, ISRIX and VTIVX 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, ISRIX or VTIVX?

ISRIX has higher volatility (3.36%) compared to VTIVX (3.18%). In terms of maximum drawdown, ISRIX dropped -56.73% vs VTIVX's -51.69%.

Which has better risk-adjusted returns?

ISRIX currently has the higher Sharpe Ratio (2.61 vs 2.51), 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.