BIAPX vs. IVOO
Compare and contrast key facts about BlackRock 80/20 Target Allocation Fund (BIAPX) and Vanguard S&P Mid-Cap 400 ETF (IVOO).
BIAPX is managed by Blackrock. It was launched on Dec 20, 2006. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAPX or IVOO.
Correlation
The correlation between BIAPX and IVOO is 0.86, 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.
Performance
BIAPX vs. IVOO - Performance Comparison
Key characteristics
BIAPX:
0.52
IVOO:
-0.04
BIAPX:
0.83
IVOO:
0.10
BIAPX:
1.12
IVOO:
1.01
BIAPX:
0.54
IVOO:
-0.03
BIAPX:
2.32
IVOO:
-0.11
BIAPX:
3.50%
IVOO:
7.08%
BIAPX:
15.69%
IVOO:
21.71%
BIAPX:
-52.80%
IVOO:
-42.33%
BIAPX:
-6.53%
IVOO:
-16.01%
Returns By Period
In the year-to-date period, BIAPX achieves a -2.08% return, which is significantly higher than IVOO's -8.90% return. Over the past 10 years, BIAPX has underperformed IVOO with an annualized return of 7.62%, while IVOO has yielded a comparatively higher 8.01% annualized return.
BIAPX
-2.08%
-1.67%
-2.29%
8.56%
11.40%
7.62%
IVOO
-8.90%
-5.26%
-8.08%
-0.36%
14.55%
8.01%
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BIAPX vs. IVOO - Expense Ratio Comparison
Both BIAPX and IVOO have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BIAPX vs. IVOO — Risk-Adjusted Performance Rank
BIAPX
IVOO
BIAPX vs. IVOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund (BIAPX) and Vanguard S&P Mid-Cap 400 ETF (IVOO). 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.
Dividends
BIAPX vs. IVOO - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 8.97%, more than IVOO's 1.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 8.97% | 8.78% | 4.29% | 2.30% | 6.04% | 2.07% | 2.49% | 6.26% | 3.12% | 1.67% | 13.86% | 17.24% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.75% | 1.48% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% |
Drawdowns
BIAPX vs. IVOO - Drawdown Comparison
The maximum BIAPX drawdown since its inception was -52.80%, which is greater than IVOO's maximum drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for BIAPX and IVOO. For additional features, visit the drawdowns tool.
Volatility
BIAPX vs. IVOO - Volatility Comparison
The current volatility for BlackRock 80/20 Target Allocation Fund (BIAPX) is 11.04%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 14.77%. This indicates that BIAPX experiences smaller price fluctuations and is considered to be less risky than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.