BDMAX vs. LIZIX
BDMAX (BlackRock Global Equity Market Neutral Fund Investor A) and LIZIX (BlackRock LifePath Index 2060 Fund) are both mutual funds - BDMAX is a Equity Market Neutral fund actively managed by BlackRock, while LIZIX is a Target Retirement Date fund managed by BlackRock. Over the past 5 years, BDMAX returned 13.04%/yr vs 9.85%/yr for LIZIX. Their 0.09 correlation means their historical movements had little consistent relationship. BDMAX charges 1.59%/yr vs 0.10%/yr for LIZIX.
Performance
BDMAX vs. LIZIX - Performance Comparison
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Returns By Period
In the year-to-date period, BDMAX achieves a 12.73% return, which is significantly higher than LIZIX's 11.42% return.
BDMAX
- 1D
- 0.81%
- 1M
- 2.45%
- 6M
- 10.71%
- YTD
- 12.73%
- 1Y
- 24.19%
- 3Y*
- 20.40%
- 5Y*
- 13.04%
- 10Y*
- 8.29%
- ALL TIME*
- 6.66%
LIZIX
- 1D
- 0.25%
- 1M
- -0.27%
- 6M
- 7.44%
- YTD
- 11.42%
- 1Y
- 23.77%
- 3Y*
- 17.25%
- 5Y*
- 9.85%
- 10Y*
- —
- ALL TIME*
- 11.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BDMAX vs. LIZIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 12.73% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
LIZIX BlackRock LifePath Index 2060 Fund | 11.42% | 21.65% | 14.01% | 21.63% | -18.42% | 18.81% | 15.02% | 26.79% | -7.81% | 20.53% |
Correlation
The correlation between BDMAX and LIZIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.09 |
Over the past year, BDMAX and LIZIX have become more correlated (0.40) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
BDMAX vs. LIZIX — Risk / Return Rank
BDMAX
LIZIX
BDMAX vs. LIZIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) and BlackRock LifePath Index 2060 Fund (LIZIX). 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.
| BDMAX | LIZIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.29 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 7.50 | 2.36 | +5.14 |
| Martin ratioReturn relative to average drawdown | 19.83 | 9.93 | +9.90 |
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Drawdowns
BDMAX vs. LIZIX - Drawdown Comparison
The maximum BDMAX drawdown since its inception was -12.37%, smaller than the maximum LIZIX drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for BDMAX and LIZIX.
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Drawdown Indicators
| BDMAX | LIZIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.37% | -34.39% | +22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -9.50% | +6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -17.21% | +13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.56% | -26.49% | +20.93% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.57% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -4.89% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.26% | -1.03% |
Volatility
BDMAX vs. LIZIX - Volatility Comparison
The current volatility for BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) is 2.66%, while BlackRock LifePath Index 2060 Fund (LIZIX) has a volatility of 3.94%. This indicates that BDMAX experiences smaller price fluctuations and is considered to be less risky than LIZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDMAX | LIZIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.94% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 11.63% | -6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 13.86% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 16.04% | -9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 16.93% | -11.02% |
BDMAX vs. LIZIX - Expense Ratio Comparison
BDMAX has a 1.59% expense ratio, which is higher than LIZIX's 0.10% expense ratio.
Dividends
BDMAX vs. LIZIX - Dividend Comparison
BDMAX's dividend yield for the trailing twelve months is around 11.57%, more than LIZIX's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 11.57% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
LIZIX BlackRock LifePath Index 2060 Fund | 1.98% | 2.16% | 0.00% | 2.02% | 1.81% | 1.97% | 1.53% | 2.49% | 2.22% | 2.04% | 0.00% | 0.00% |
Frequently Asked Questions
BDMAX and LIZIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIZIX has higher volatility (3.94%) compared to BDMAX (2.66%). In terms of maximum drawdown, BDMAX dropped -12.37% vs LIZIX's -34.39%.
BDMAX currently has the higher Sharpe Ratio (3.29 vs 1.62), 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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