BIAPX vs. FXAIX
Compare and contrast key facts about BlackRock 80/20 Target Allocation Fund (BIAPX) and Fidelity 500 Index Fund (FXAIX).
BIAPX is managed by BlackRock. It was launched on Dec 20, 2006. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
BIAPX vs. FXAIX - Performance Comparison
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BIAPX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | -2.24% | 18.33% | 5.46% | 19.20% | -16.15% | 14.95% | 19.50% | 24.72% | -7.62% | 17.47% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, BIAPX achieves a -2.24% return, which is significantly higher than FXAIX's -4.34% return. Over the past 10 years, BIAPX has underperformed FXAIX with an annualized return of 9.32%, while FXAIX has yielded a comparatively higher 14.08% annualized return.
BIAPX
- 1D
- 2.74%
- 1M
- -5.17%
- YTD
- -2.24%
- 6M
- -0.22%
- 1Y
- 17.36%
- 3Y*
- 11.49%
- 5Y*
- 5.89%
- 10Y*
- 9.32%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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BIAPX vs. FXAIX - Expense Ratio Comparison
BIAPX has a 0.10% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BIAPX vs. FXAIX — Risk / Return Rank
BIAPX
FXAIX
BIAPX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund (BIAPX) and Fidelity 500 Index Fund (FXAIX). 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.
| BIAPX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.97 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.49 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.52 | +0.14 |
Martin ratioReturn relative to average drawdown | 7.44 | 7.30 | +0.14 |
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
| BIAPX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.97 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.70 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.78 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.76 | -0.35 |
Correlation
The correlation between BIAPX and FXAIX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIAPX vs. FXAIX - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 6.12%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 6.12% | 5.98% | 0.00% | 4.28% | 2.30% | 6.04% | 2.07% | 2.49% | 6.26% | 3.12% | 1.67% | 13.86% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
BIAPX vs. FXAIX - Drawdown Comparison
The maximum BIAPX drawdown since its inception was -53.40%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BIAPX and FXAIX.
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Drawdown Indicators
| BIAPX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.40% | -33.79% | -19.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -12.13% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -24.50% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | -33.79% | +6.66% |
Current DrawdownCurrent decline from peak | -6.13% | -6.23% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -3.83% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.53% | -0.32% |
Volatility
BIAPX vs. FXAIX - Volatility Comparison
BlackRock 80/20 Target Allocation Fund (BIAPX) has a higher volatility of 5.68% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that BIAPX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAPX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.34% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 9.53% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 18.32% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 16.92% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 18.05% | -4.08% |