VTTVX vs. IOEZX
VTTVX (Vanguard Target Retirement 2025 Fund) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, VTTVX returned 7.66%/yr vs 8.72%/yr for IOEZX. Their correlation of 0.85 suggests significant overlap in exposure. VTTVX charges 0.08%/yr vs 1.00%/yr for IOEZX.
Performance
VTTVX vs. IOEZX - Performance Comparison
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Returns By Period
In the year-to-date period, VTTVX achieves a 5.56% return, which is significantly lower than IOEZX's 18.43% return. Over the past 10 years, VTTVX has underperformed IOEZX with an annualized return of 7.66%, while IOEZX has yielded a comparatively higher 8.72% annualized return.
VTTVX
- 1D
- -0.66%
- 1M
- -0.24%
- 6M
- 4.00%
- YTD
- 5.56%
- 1Y
- 12.68%
- 3Y*
- 11.42%
- 5Y*
- 5.55%
- 10Y*
- 7.66%
IOEZX
- 1D
- 0.73%
- 1M
- 2.65%
- 6M
- 14.99%
- YTD
- 18.43%
- 1Y
- 27.01%
- 3Y*
- 13.68%
- 5Y*
- 6.27%
- 10Y*
- 8.72%
VTTVX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTTVX Vanguard Target Retirement 2025 Fund | 5.56% | 14.63% | 9.23% | 14.76% | -15.57% | 9.78% | 13.31% | 19.63% | -5.14% | 13.68% |
IOEZX ICON Equity Income Fund | 18.43% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Correlation
The correlation between VTTVX and IOEZX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2004 | 0.85 |
Over the past year, the correlation between VTTVX and IOEZX has dropped to 0.57 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
VTTVX vs. IOEZX — Risk / Return Rank
VTTVX
IOEZX
VTTVX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2025 Fund (VTTVX) and ICON Equity Income Fund (IOEZX). 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.
| VTTVX | IOEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 4.07 | -1.77 |
| Martin ratioReturn relative to average drawdown | 9.73 | 14.79 | -5.05 |
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Drawdowns
VTTVX vs. IOEZX - Drawdown Comparison
The maximum VTTVX drawdown since its inception was -46.03%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for VTTVX and IOEZX.
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Drawdown Indicators
| VTTVX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -56.15% | +10.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -6.77% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -13.95% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -21.47% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -22.51% | -38.12% | +15.61% |
Current DrawdownCurrent decline from peak | -1.17% | 0.00% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -8.55% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.86% | -0.55% |
Volatility
VTTVX vs. IOEZX - Volatility Comparison
The current volatility for Vanguard Target Retirement 2025 Fund (VTTVX) is 2.58%, while ICON Equity Income Fund (IOEZX) has a volatility of 3.62%. This indicates that VTTVX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTTVX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.62% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.24% | 9.00% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 12.19% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.17% | 13.73% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 16.44% | -6.55% |
VTTVX vs. IOEZX - Expense Ratio Comparison
VTTVX has a 0.08% expense ratio, which is lower than IOEZX's 1.00% expense ratio.
Dividends
VTTVX vs. IOEZX - Dividend Comparison
VTTVX's dividend yield for the trailing twelve months is around 7.00%, more than IOEZX's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOEZX ICON Equity Income Fund | 2.83% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
VTTVX Vanguard Target Retirement 2025 Fund | 7.00% | 7.38% | 7.63% | 3.96% | 2.96% | 16.28% | 4.35% | 2.57% | 3.14% | 0.47% | 2.68% | 4.98% |
Frequently Asked Questions
VTTVX and IOEZX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOEZX has higher volatility (3.62%) compared to VTTVX (2.58%). In terms of maximum drawdown, VTTVX dropped -46.03% vs IOEZX's -56.15%.
IOEZX currently has the higher Sharpe Ratio (2.26 vs 1.74), 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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