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.
Performance
BIAPX vs. IVOO - Performance Comparison
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BIAPX vs. IVOO - 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% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 3.39% | 7.47% | 13.77% | 16.45% | -13.17% | 24.61% | 13.61% | 26.18% | -11.33% | 16.38% |
Returns By Period
In the year-to-date period, BIAPX achieves a -2.24% return, which is significantly lower than IVOO's 3.39% return. Over the past 10 years, BIAPX has underperformed IVOO with an annualized return of 9.32%, while IVOO has yielded a comparatively higher 10.53% 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%
IVOO
- 1D
- 0.80%
- 1M
- -5.35%
- YTD
- 3.39%
- 6M
- 4.77%
- 1Y
- 17.69%
- 3Y*
- 12.35%
- 5Y*
- 6.72%
- 10Y*
- 10.53%
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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%.
Return for Risk
BIAPX vs. IVOO — Risk / Return Rank
BIAPX
IVOO
BIAPX vs. IVOO - Risk-Adjusted Trends 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.
| BIAPX | IVOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.84 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.32 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.30 | +0.36 |
Martin ratioReturn relative to average drawdown | 7.44 | 5.58 | +1.86 |
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 | IVOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.84 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.34 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.50 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.59 | -0.17 |
Correlation
The correlation between BIAPX and IVOO is 0.84, 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. IVOO - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 6.12%, more than IVOO's 1.31% 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% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.31% | 1.35% | 1.30% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% |
Drawdowns
BIAPX vs. IVOO - Drawdown Comparison
The maximum BIAPX drawdown since its inception was -53.40%, 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.
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Drawdown Indicators
| BIAPX | IVOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.40% | -42.33% | -11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -14.17% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -24.22% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | -42.33% | +15.20% |
Current DrawdownCurrent decline from peak | -6.13% | -5.35% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -5.31% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.29% | -1.08% |
Volatility
BIAPX vs. IVOO - Volatility Comparison
The current volatility for BlackRock 80/20 Target Allocation Fund (BIAPX) is 5.68%, while Vanguard S&P Mid-Cap 400 ETF (IVOO) has a volatility of 6.46%. 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.
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Volatility by Period
| BIAPX | IVOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 6.46% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 11.93% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 21.23% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 19.73% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 21.16% | -7.19% |