BIAPX vs. LIVIX
BIAPX (BlackRock 80/20 Target Allocation Fund) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - BIAPX is a Diversified Portfolio fund managed by BlackRock, while LIVIX is a Target Retirement Date fund tracking the LifePath Index 2055 Fund Custom Benchmark. Over the past 10 years, BIAPX returned 10.07%/yr vs 11.45%/yr for LIVIX. Their correlation of 0.94 means they have usually moved in the same direction. BIAPX charges 0.10%/yr vs 0.14%/yr for LIVIX.
Performance
BIAPX vs. LIVIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIAPX achieves a 9.74% return, which is significantly lower than LIVIX's 11.03% return. Over the past 10 years, BIAPX has underperformed LIVIX with an annualized return of 10.07%, while LIVIX has yielded a comparatively higher 11.45% annualized return.
BIAPX
- 1D
- 1.98%
- 1M
- -1.20%
- 6M
- 7.23%
- YTD
- 9.74%
- 1Y
- 19.95%
- 3Y*
- 12.49%
- 5Y*
- 7.32%
- 10Y*
- 10.07%
- ALL TIME*
- 7.78%
LIVIX
- 1D
- 2.03%
- 1M
- -0.54%
- 6M
- 7.67%
- YTD
- 11.03%
- 1Y
- 23.24%
- 3Y*
- 16.68%
- 5Y*
- 9.68%
- 10Y*
- 11.45%
- ALL TIME*
- 10.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIAPX vs. LIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 9.74% | 18.33% | 5.46% | 19.20% | -16.15% | 14.95% | 19.50% | 24.72% | -7.62% | 17.47% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 11.03% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
Correlation
The correlation between BIAPX and LIVIX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.94 |
The correlation between BIAPX and LIVIX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
BIAPX vs. LIVIX — Risk / Return Rank
BIAPX
LIVIX
BIAPX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund (BIAPX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIAPX | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.25 | -0.09 |
| Martin ratioReturn relative to average drawdown | 9.10 | 9.45 | -0.34 |
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Drawdowns
BIAPX vs. LIVIX - Drawdown Comparison
The maximum BIAPX drawdown since its inception was -53.40%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BIAPX and LIVIX.
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Drawdown Indicators
| BIAPX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.40% | -34.44% | -18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -9.44% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -17.39% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -26.45% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | -34.44% | +7.31% |
Current DrawdownCurrent decline from peak | -2.69% | -1.83% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -4.49% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.25% | -0.20% |
Volatility
BIAPX vs. LIVIX - Volatility Comparison
BlackRock 80/20 Target Allocation Fund (BIAPX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) have volatilities of 3.90% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAPX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 3.92% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 11.50% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 13.72% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 16.01% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 16.70% | -2.63% |
BIAPX vs. LIVIX - Expense Ratio Comparison
BIAPX has a 0.10% expense ratio, which is lower than LIVIX's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BIAPX vs. LIVIX - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 5.45%, more than LIVIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 5.45% | 5.98% | 0.00% | 4.28% | 2.30% | 6.04% | 2.07% | 2.49% | 6.26% | 3.12% | 1.67% | 13.86% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 2.29% | 2.48% | 0.01% | 2.04% | 1.96% | 2.04% | 1.56% | 2.95% | 2.35% | 2.27% | 1.54% | 2.88% |
Frequently Asked Questions
With a correlation of 0.96, BIAPX and LIVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LIVIX has higher volatility (3.92%) compared to BIAPX (3.90%). In terms of maximum drawdown, BIAPX dropped -53.40% vs LIVIX's -34.44%.
LIVIX currently has the higher Sharpe Ratio (1.55 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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