ISWIX vs. SSBRX

Last updated Jun 4, 2026

ISWIX (Voya Solution Income Portfolio) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, ISWIX returned 5.62%/yr vs 7.95%/yr for SSBRX. Their correlation of 0.91 suggests significant overlap in exposure. ISWIX charges 0.25%/yr vs 0.13%/yr for SSBRX.

Performance

ISWIX vs. SSBRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Solution Income Portfolio (ISWIX) and State Street Target Retirement 2025 Fund (SSBRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISWIX achieves a 5.07% return, which is significantly lower than SSBRX's 6.74% return. Over the past 10 years, ISWIX has underperformed SSBRX with an annualized return of 5.62%, while SSBRX has yielded a comparatively higher 7.95% annualized return.

ISWIX

• 1D: 0.08%
• 1M: 2.34%
• YTD: 5.07%
• 6M: 5.25%
• 1Y: 13.03%
• 3Y*: 9.58%
• 5Y*: 3.97%
• 10Y*: 5.62%

SSBRX

• 1D: 0.15%
• 1M: 2.05%
• YTD: 6.74%
• 6M: 6.99%
• 1Y: 15.84%
• 3Y*: 11.97%
• 5Y*: 5.49%
• 10Y*: 7.95%

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

ISWIX vs. SSBRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISWIX Voya Solution Income Portfolio	5.07%	11.26%	6.47%	10.89%	-14.74%	6.70%	12.19%	13.37%	-2.80%	9.66%
SSBRX State Street Target Retirement 2025 Fund	6.74%	12.93%	8.73%	13.61%	-15.51%	10.03%	14.68%	20.73%	-5.47%	14.32%

Correlation

The correlation between ISWIX and SSBRX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.91

The correlation between ISWIX and SSBRX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

ISWIX vs. SSBRX — Risk / Return Rank

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

ISWIX

ISWIX Risk / Return Rank: 78
ISWIX Sharpe Ratio Rank: 79
ISWIX Sortino Ratio Rank: 84
ISWIX Omega Ratio Rank: 77
ISWIX Calmar Ratio Rank: 71
ISWIX Martin Ratio Rank: 79

SSBRX

SSBRX Risk / Return Rank: 85
SSBRX Sharpe Ratio Rank: 88
SSBRX Sortino Ratio Rank: 88
SSBRX Omega Ratio Rank: 85
SSBRX Calmar Ratio Rank: 79
SSBRX Martin Ratio Rank: 85

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.

ISWIX vs. SSBRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Solution Income Portfolio (ISWIX) and State Street Target Retirement 2025 Fund (SSBRX). 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.

	ISWIX	SSBRX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.91	-0.30
Sortino ratio: Return per unit of downside risk	4.01	4.22	-0.21
Omega ratio: Gain probability vs. loss probability	1.51	1.58	-0.07
Calmar ratio: Return relative to maximum drawdown	3.26	3.58	-0.33
Martin ratio: Return relative to average drawdown	14.76	16.33	-1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISWIX vs. SSBRX - Sharpe Ratio Comparison

The current ISWIX Sharpe Ratio is 2.61, which is comparable to the SSBRX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of ISWIX and SSBRX, 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

	ISWIX	SSBRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.91	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.62	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.81	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.74	+0.02

Drawdowns

ISWIX vs. SSBRX - Drawdown Comparison

The maximum ISWIX drawdown since its inception was -27.14%, which is greater than SSBRX's maximum drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for ISWIX and SSBRX.

Drawdown Indicators

	ISWIX	SSBRX	Difference
Max Drawdown Largest peak-to-trough decline	-27.14%	-21.96%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	-4.42%	-4.44%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-6.47%	-7.48%	+1.01%
Max Drawdown (5Y) Largest decline over 5 years	-18.78%	-21.13%	+2.35%
Max Drawdown (10Y) Largest decline over 10 years	-18.78%	-21.96%	+3.18%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.03%	-3.72%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.97%	-0.03%

Volatility

ISWIX vs. SSBRX - Volatility Comparison

Voya Solution Income Portfolio (ISWIX) has a higher volatility of 1.89% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.74%. This indicates that ISWIX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISWIX	SSBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	1.74%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	4.42%	4.36%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	5.52%	5.48%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.97%	8.83%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.57%	9.82%	-3.25%

ISWIX vs. SSBRX - Expense Ratio Comparison

ISWIX has a 0.25% expense ratio, which is higher than SSBRX's 0.13% 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

ISWIX vs. SSBRX - Dividend Comparison

ISWIX's dividend yield for the trailing twelve months is around 3.67%, less than SSBRX's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISWIX Voya Solution Income Portfolio	3.67%	3.85%	2.99%	4.17%	17.41%	6.86%	2.76%	5.10%	5.54%	2.79%	2.38%	6.99%
SSBRX State Street Target Retirement 2025 Fund	5.68%	6.07%	6.67%	4.60%	6.60%	6.44%	4.74%	6.58%	5.35%	0.60%	1.84%	2.38%

Frequently Asked Questions

Can I hold both ISWIX and SSBRX in my portfolio?

ISWIX and SSBRX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISWIX or SSBRX?

ISWIX has higher volatility (1.89%) compared to SSBRX (1.74%). In terms of maximum drawdown, ISWIX dropped -27.14% vs SSBRX's -21.96%.

Which has better risk-adjusted returns?

SSBRX currently has the higher Sharpe Ratio (2.91 vs 2.61), 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.