- ISIN
- US0669228324
- CUSIP
- 066922832
- Issuer
- BlackRock
- Inception Date
- Feb 28, 1994
- 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
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
STLEX Performance Chart
BlackRock LifePath Dynamic 2040 Fund (STLEX) is up 10.0% since the beginning of the year. STLEX is currently trading at $21 per share. Investors who bought $1,000 worth of STLEX shares 5 years ago would now be looking at an investment worth $1,415.
Loading charts...
Returns By Period
BlackRock LifePath Dynamic 2040 Fund (STLEX) has returned 9.95% so far this year and 22.54% over the past 12 months. Over the last ten years, STLEX has returned 10.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BlackRock LifePath Dynamic 2040 Fund
- 1D
- 1.08%
- 1M
- 1.27%
- YTD
- 9.95%
- 6M
- 9.80%
- 1Y
- 22.54%
- 3Y*
- 12.84%
- 5Y*
- 7.19%
- 10Y*
- 10.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
STLEX Monthly Returns History
Based on dividend-adjusted daily data since Feb 25, 1994, STLEX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +11.7%, while the worst month was Oct 2008 at -18.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, STLEX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.71% | 2.02% | -4.82% | 6.99% | 2.94% | 0.10% | 9.95% | ||||||
| 2025 | 2.64% | -0.11% | -2.74% | 0.47% | 4.33% | 3.59% | 0.12% | 3.06% | 2.60% | 0.72% | 0.46% | 0.78% | 16.87% |
| 2024 | 0.00% | 3.42% | 3.14% | -3.77% | 4.39% | 1.42% | 2.03% | 2.49% | 2.00% | -2.38% | 3.69% | -10.68% | 4.80% |
| 2023 | 6.97% | -3.07% | 2.88% | 1.22% | -1.59% | 5.39% | 2.89% | -2.57% | -4.19% | -2.77% | 8.48% | 5.28% | 19.45% |
| 2022 | -4.27% | -3.07% | 1.43% | -6.78% | 0.45% | -7.61% | 6.34% | -3.73% | -8.97% | 5.23% | 8.09% | -3.94% | -17.10% |
| 2021 | -0.48% | 2.73% | 2.20% | 4.01% | 1.68% | 0.77% | 0.60% | 1.74% | -3.53% | 4.06% | -2.24% | 3.71% | 16.01% |
Benchmark Metrics
BlackRock LifePath Dynamic 2040 Fund has an annualized alpha of 0.38%, beta of 0.84, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since February 25, 1994.
- This fund participated in 94.12% of S&P 500 Index downside but only 90.00% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.38%
- Beta
- 0.84
- R²
- 0.89
- Upside Capture
- 90.00%
- Downside Capture
- 94.12%
Expense Ratio
STLEX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
STLEX 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 2040 Fund (STLEX) and compare them to S&P 500 Index.
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.
| STLEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.78 | +0.13 |
| Martin ratioReturn relative to average drawdown | 12.44 | 12.44 | +0.01 |
Dividends
Dividend History
BlackRock LifePath Dynamic 2040 Fund provided a 5.58% dividend yield over the last twelve months, with an annual payout of $1.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.15 | $1.15 | $0.39 | $0.80 | $0.32 | $3.68 | $0.80 | $1.14 | $2.12 | $2.59 | $0.32 | $1.73 |
Dividend yield | 5.58% | 6.14% | 2.31% | 4.81% | 2.21% | 20.42% | 4.25% | 6.64% | 14.47% | 14.38% | 1.84% | 10.65% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock LifePath Dynamic 2040 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 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $1.15 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.59 | $0.80 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.07 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.76 | $3.68 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock LifePath Dynamic 2040 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 2040 Fund was 54.19%, occurring on Mar 9, 2009. Recovery took 974 trading sessions.
The current BlackRock LifePath Dynamic 2040 Fund drawdown is 0.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.19%Mar 2009 | 1y 4mo | 3y 10mo | 5y 3moOct 2007 - Jan 2013 |
Dot-com crash2000–2002 | -46.45%Oct 2002 | 2y 6mo | 3y 5mo | 6y 9dMar 2000 - Apr 2006 |
COVID crash2020 | -33.13%Mar 2020 | 1mo 9d | 5mo 6d | 6mo 15dFeb 2020 - Aug 2020 |
Bear market2022 | -24.93%Oct 2022 | 11mo 9d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
1998 bear market1998 | -20.83%Oct 1998 | 2mo 20d | 2mo 16d | 5mo 6dJul 1998 - Dec 1998 |
Drawdown Indicators
| STLEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -56.78% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -9.10% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -18.90% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -25.43% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -33.92% | +0.79% |
Current DrawdownCurrent decline from peak | -0.48% | -1.80% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -10.71% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.03% | -0.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with STLEX
Add BlackRock LifePath Dynamic 2040 Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with STLEX