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 0.85, 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:
0.83
IVOO:
1.12
BIAPX:
1.11
IVOO:
1.66
BIAPX:
1.17
IVOO:
1.20
BIAPX:
0.96
IVOO:
2.07
BIAPX:
2.96
IVOO:
4.87
BIAPX:
3.41%
IVOO:
3.61%
BIAPX:
12.23%
IVOO:
15.64%
BIAPX:
-54.63%
IVOO:
-42.33%
BIAPX:
-5.77%
IVOO:
-5.36%
Returns By Period
In the year-to-date period, BIAPX achieves a 4.40% return, which is significantly higher than IVOO's 2.65% return. Over the past 10 years, BIAPX has underperformed IVOO with an annualized return of 5.14%, while IVOO has yielded a comparatively higher 9.50% annualized return.
BIAPX
4.40%
2.63%
-0.18%
8.95%
6.57%
5.14%
IVOO
2.65%
-1.19%
7.12%
14.91%
10.57%
9.50%
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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 1.81%, more than IVOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 1.81% | 1.89% | 1.94% | 1.99% | 1.87% | 1.11% | 2.01% | 1.45% | 1.77% | 1.67% | 1.78% | 3.76% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.44% | 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 -54.63%, 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 2.58%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 3.60%. 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.