BAGPX vs. WFSPX
BAGPX (BlackRock 60/40 Target Allocation Fund Investor A Shares) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - BAGPX is a Diversified Portfolio fund actively managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. BAGPX is actively managed, while WFSPX is passively managed. Over the past 10 years, BAGPX returned 8.08%/yr vs 15.46%/yr for WFSPX. Their correlation of 0.93 suggests significant overlap in exposure. BAGPX charges 0.68%/yr vs 0.03%/yr for WFSPX.
Performance
BAGPX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, BAGPX achieves a 9.49% return, which is significantly lower than WFSPX's 10.87% return. Over the past 10 years, BAGPX has underperformed WFSPX with an annualized return of 8.08%, while WFSPX has yielded a comparatively higher 15.46% annualized return.
BAGPX
- 1D
- -0.52%
- 1M
- 3.72%
- YTD
- 9.49%
- 6M
- 9.79%
- 1Y
- 21.29%
- 3Y*
- 11.75%
- 5Y*
- 5.40%
- 10Y*
- 8.08%
WFSPX
- 1D
- -0.74%
- 1M
- 4.17%
- YTD
- 10.87%
- 6M
- 10.77%
- 1Y
- 27.97%
- 3Y*
- 22.41%
- 5Y*
- 13.88%
- 10Y*
- 15.46%
BAGPX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGPX BlackRock 60/40 Target Allocation Fund Investor A Shares | 9.49% | 15.67% | 2.29% | 15.54% | -16.08% | 7.33% | 20.85% | 20.62% | -6.19% | 14.35% |
WFSPX iShares S&P 500 Index Fund | 10.87% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between BAGPX and WFSPX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
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 Dec 27, 2006 | 0.93 |
The correlation between BAGPX and WFSPX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
BAGPX vs. WFSPX — Risk / Return Rank
BAGPX
WFSPX
BAGPX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 60/40 Target Allocation Fund Investor A Shares (BAGPX) and iShares S&P 500 Index Fund (WFSPX). 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.
| BAGPX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.16 | -0.16 |
| Martin ratioReturn relative to average drawdown | 13.53 | 14.75 | -1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAGPX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.37 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.83 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.86 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.13 | +0.34 |
Drawdowns
BAGPX vs. WFSPX - Drawdown Comparison
The maximum BAGPX drawdown since its inception was -47.25%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for BAGPX and WFSPX.
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Drawdown Indicators
| BAGPX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.25% | -58.21% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -8.90% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -18.74% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.07% | -24.51% | +2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -22.37% | -33.74% | +11.37% |
Current DrawdownCurrent decline from peak | -0.52% | -0.74% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -12.77% | +6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.90% | -0.28% |
Volatility
BAGPX vs. WFSPX - Volatility Comparison
BlackRock 60/40 Target Allocation Fund Investor A Shares (BAGPX) has a higher volatility of 3.24% compared to iShares S&P 500 Index Fund (WFSPX) at 2.92%. This indicates that BAGPX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGPX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 2.92% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 8.99% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 11.88% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 16.88% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 18.02% | -6.73% |
BAGPX vs. WFSPX - Expense Ratio Comparison
BAGPX has a 0.68% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
BAGPX vs. WFSPX - Dividend Comparison
BAGPX's dividend yield for the trailing twelve months is around 7.15%, more than WFSPX's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGPX BlackRock 60/40 Target Allocation Fund Investor A Shares | 7.15% | 7.83% | 0.00% | 2.75% | 2.28% | 7.40% | 3.54% | 3.50% | 7.13% | 2.91% | 1.55% | 9.78% |
WFSPX iShares S&P 500 Index Fund | 1.58% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
With a correlation of 0.93, BAGPX and WFSPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAGPX has higher volatility (3.24%) compared to WFSPX (2.92%). In terms of maximum drawdown, BAGPX dropped -47.25% vs WFSPX's -58.21%.
BAGPX currently has the higher Sharpe Ratio (2.42 vs 2.37), 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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