- ISIN
- US0669221964
- CUSIP
- 066922196
- Issuer
- BlackRock
- Inception Date
- Jun 29, 2010
- Category
- Target Retirement Date
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LPHIX Performance Chart
BlackRock LifePath Dynamic 2045 Fund (LPHIX) is up 12.0% since the beginning of the year. LPHIX is currently trading at $22 per share. Investors who bought $1,000 worth of LPHIX shares 5 years ago would now be looking at an investment worth $1,477.
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Returns By Period
BlackRock LifePath Dynamic 2045 Fund (LPHIX) has returned 11.95% so far this year and 25.56% over the past 12 months. Over the last ten years, LPHIX has returned 10.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
BlackRock LifePath Dynamic 2045 Fund
- 1D
- 0.32%
- 1M
- 4.69%
- YTD
- 11.95%
- 6M
- 12.81%
- 1Y
- 25.56%
- 3Y*
- 15.90%
- 5Y*
- 8.11%
- 10Y*
- 10.76%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
LPHIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2010, LPHIX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +12.0%, while the worst month was Mar 2020 at -14.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LPHIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.7%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.99% | 2.06% | -5.39% | 8.10% | 3.49% | 0.64% | 11.95% | ||||||
| 2025 | 2.95% | -0.50% | -3.15% | 0.46% | 5.01% | 3.90% | 0.28% | 3.35% | 2.89% | 0.84% | 0.39% | 0.92% | 18.46% |
| 2024 | -0.00% | 3.99% | 3.38% | -3.93% | 4.73% | 1.56% | 2.08% | 2.52% | 2.09% | -2.36% | 3.94% | -10.91% | 6.12% |
| 2023 | 7.34% | -3.12% | 2.97% | 1.31% | -1.62% | 5.99% | 3.18% | -2.66% | -4.26% | -2.80% | 8.78% | 5.45% | 21.28% |
| 2022 | -4.49% | -3.29% | 1.68% | -7.18% | 0.52% | -8.10% | 6.63% | -3.95% | -9.27% | 5.84% | 8.57% | -4.28% | -17.70% |
| 2021 | -0.41% | 3.06% | 2.46% | 4.26% | 1.77% | 0.62% | 0.58% | 1.94% | -3.86% | 4.49% | -2.51% | 4.10% | 17.37% |
Benchmark Metrics
BlackRock LifePath Dynamic 2045 Fund has an annualized alpha of -0.66%, beta of 0.82, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since July 01, 2010.
- This fund participated in 98.64% of S&P 500 Index downside but only 85.77% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.66%
- Beta
- 0.82
- R²
- 0.82
- Upside Capture
- 85.77%
- Downside Capture
- 98.64%
Expense Ratio
LPHIX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LPHIX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock LifePath Dynamic 2045 Fund (LPHIX) and compare them to S&P 500 Index.
| LPHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.93 | +0.10 |
| Martin ratioReturn relative to average drawdown | 13.30 | 13.52 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
BlackRock LifePath Dynamic 2045 Fund provided a 5.17% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.14 | $0.19 | $0.53 | $0.36 | $2.20 | $0.33 | $0.79 | $1.44 | $1.46 | $0.28 | $0.63 |
Dividend yield | 5.17% | 5.78% | 1.10% | 3.13% | 2.54% | 12.37% | 1.92% | 5.15% | 11.30% | 9.47% | 2.01% | 4.78% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock LifePath Dynamic 2045 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.31 | $0.53 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.07 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.03 | $2.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock LifePath Dynamic 2045 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock LifePath Dynamic 2045 Fund was 34.35%, occurring on Mar 23, 2020. Recovery took 109 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.35%Mar 2020 | 2mo 2d | 5mo 6d | 7mo 8dJan 2020 - Aug 2020 |
Bear market2022 | -25.91%Oct 2022 | 9mo 12d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -21.26%Apr 2025 | 4mo | 4mo 16d | 8mo 16dDec 2024 - Aug 2025 |
2011 bear market2011 | -20.19%Oct 2011 | 5mo 4d | 5mo 18d | 10mo 22dMay 2011 - Mar 2012 |
2016 correction2016 | -18.22%Feb 2016 | 8mo 25d | 6mo 29d | 1y 3moMay 2015 - Sep 2016 |
Drawdown Indicators
| LPHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -56.78% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -9.10% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.26% | -18.90% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -25.43% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | -33.92% | -0.43% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -10.72% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.97% | -0.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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