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.
Key characteristics
| BIAPX | IVOO | |
|---|---|---|
| YTD Return | 8.47% | 9.82% |
| 1Y Return | 21.54% | 27.87% |
| 3Y Return (Ann) | 5.05% | 5.32% |
| 5Y Return (Ann) | 10.71% | 11.68% |
| 10Y Return (Ann) | 8.58% | 10.08% |
| Sharpe Ratio | 1.74 | 1.63 |
| Daily Std Dev | 11.90% | 15.97% |
| Max Drawdown | -52.80% | -42.33% |
| Current Drawdown | 0.00% | -0.05% |
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
In the year-to-date period, BIAPX achieves a 8.47% return, which is significantly lower than IVOO's 9.82% return. Over the past 10 years, BIAPX has underperformed IVOO with an annualized return of 8.58%, while IVOO has yielded a comparatively higher 10.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 3.95%, more than IVOO's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 3.95% | 4.28% | 2.30% | 6.04% | 2.07% | 2.49% | 6.26% | 3.12% | 1.67% | 13.86% | 17.24% | 1.61% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.17% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
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 2.88%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 3.72%. 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.