VSIPX vs. FCQTX

Last updated Jun 27, 2026

VSIPX (Voya Solution 2060 Portfolio) and FCQTX (American Funds 2065 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, VSIPX returned 9.17%/yr vs 9.55%/yr for FCQTX. With a 0.96 correlation, they move nearly in lockstep. VSIPX charges 0.20%/yr vs 0.01%/yr for FCQTX.

Performance

VSIPX vs. FCQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Solution 2060 Portfolio (VSIPX) and American Funds 2065 Target Date Retirement Fund (FCQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VSIPX having a 10.18% return and FCQTX slightly lower at 9.86%.

VSIPX

• 1D: 0.40%
• 1M: -1.32%
• YTD: 10.18%
• 6M: 9.38%
• 1Y: 21.52%
• 3Y*: 18.57%
• 5Y*: 9.17%
• 10Y*: 11.95%

FCQTX

• 1D: 0.50%
• 1M: -0.63%
• YTD: 9.86%
• 6M: 9.00%
• 1Y: 20.39%
• 3Y*: 19.13%
• 5Y*: 9.55%
• 10Y*: —

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

VSIPX vs. FCQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VSIPX Voya Solution 2060 Portfolio	10.18%	20.11%	15.30%	20.97%	-19.37%	17.48%	46.41%
FCQTX American Funds 2065 Target Date Retirement Fund	9.86%	20.74%	15.64%	21.56%	-19.63%	17.34%	47.06%

Correlation

The correlation between VSIPX and FCQTX 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	0.96
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020	0.96

The correlation between VSIPX and FCQTX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

VSIPX vs. FCQTX — Risk / Return Rank

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

VSIPX

VSIPX Risk / Return Rank: 67
VSIPX Sharpe Ratio Rank: 65
VSIPX Sortino Ratio Rank: 65
VSIPX Omega Ratio Rank: 64
VSIPX Calmar Ratio Rank: 63
VSIPX Martin Ratio Rank: 79

FCQTX

FCQTX Risk / Return Rank: 52
FCQTX Sharpe Ratio Rank: 52
FCQTX Sortino Ratio Rank: 49
FCQTX Omega Ratio Rank: 52
FCQTX Calmar Ratio Rank: 47
FCQTX Martin Ratio Rank: 61

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.

VSIPX vs. FCQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Solution 2060 Portfolio (VSIPX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.

	VSIPX	FCQTX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.72	+0.21
Sortino ratio: Return per unit of downside risk	2.74	2.41	+0.34
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	2.63	2.26	+0.37
Martin ratio: Return relative to average drawdown	12.20	10.01	+2.19

VSIPX vs. FCQTX - Sharpe Ratio Comparison

The current VSIPX Sharpe Ratio is 1.94, which is comparable to the FCQTX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of VSIPX and FCQTX, 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

VSIPX vs. FCQTX - Drawdown Comparison

The maximum VSIPX drawdown since its inception was -34.55%, which is greater than FCQTX's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for VSIPX and FCQTX.

Drawdown Indicators

	VSIPX	FCQTX	Difference
Max Drawdown Largest peak-to-trough decline	-34.55%	-27.34%	-7.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-9.83%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-15.53%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-27.05%	-27.34%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-2.29%	-1.25%	-1.04%
Average Drawdown Average peak-to-trough decline	-5.26%	-5.84%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.21%	-0.22%

Volatility

VSIPX vs. FCQTX - Volatility Comparison

Voya Solution 2060 Portfolio (VSIPX) and American Funds 2065 Target Date Retirement Fund (FCQTX) have volatilities of 5.18% and 5.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSIPX	FCQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	5.35%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	10.67%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	12.88%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	14.88%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	15.11%	+1.43%

VSIPX vs. FCQTX - Expense Ratio Comparison

VSIPX has a 0.20% expense ratio, which is higher than FCQTX's 0.01% 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

VSIPX vs. FCQTX - Dividend Comparison

VSIPX's dividend yield for the trailing twelve months is around 7.81%, more than FCQTX's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FCQTX American Funds 2065 Target Date Retirement Fund	4.25%	4.67%	2.80%	1.99%	3.96%	1.54%	0.72%	0.00%	0.00%	0.00%	0.00%
VSIPX Voya Solution 2060 Portfolio	7.81%	8.60%	1.86%	5.17%	30.72%	2.93%	5.21%	7.29%	6.77%	2.10%	0.90%

Frequently Asked Questions

Can I hold both VSIPX and FCQTX in my portfolio?

VSIPX and FCQTX 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.

Which is riskier, VSIPX or FCQTX?

FCQTX has higher volatility (5.35%) compared to VSIPX (5.18%). In terms of maximum drawdown, VSIPX dropped -34.55% vs FCQTX's -27.34%.

Which has better risk-adjusted returns?

VSIPX currently has the higher Sharpe Ratio (1.94 vs 1.72), 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.