BICPX vs. LIVIX
BICPX (BlackRock 20/80 Target Allocation Fund) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - BICPX 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, BICPX returned 3.88%/yr vs 11.45%/yr for LIVIX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. BICPX charges 0.11%/yr vs 0.14%/yr for LIVIX.
Performance
BICPX vs. LIVIX - Performance Comparison
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Returns By Period
In the year-to-date period, BICPX achieves a 2.67% return, which is significantly lower than LIVIX's 11.03% return. Over the past 10 years, BICPX has underperformed LIVIX with an annualized return of 3.88%, while LIVIX has yielded a comparatively higher 11.45% annualized return.
BICPX
- 1D
- 0.59%
- 1M
- -1.00%
- 6M
- 1.36%
- YTD
- 2.67%
- 1Y
- 7.45%
- 3Y*
- 6.01%
- 5Y*
- 1.61%
- 10Y*
- 3.88%
- ALL TIME*
- 4.74%
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 |
BICPX vs. LIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BICPX BlackRock 20/80 Target Allocation Fund | 2.67% | 10.57% | 1.29% | 9.05% | -14.67% | 0.23% | 15.50% | 12.57% | -2.21% | 7.94% |
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 BICPX and LIVIX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.78 |
The correlation between BICPX and LIVIX shifts across timeframes, from 0.72 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BICPX vs. LIVIX — Risk / Return Rank
BICPX
LIVIX
BICPX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 20/80 Target Allocation Fund (BICPX) 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.
| BICPX | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.25 | -0.52 |
| Martin ratioReturn relative to average drawdown | 6.83 | 9.45 | -2.62 |
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Drawdowns
BICPX vs. LIVIX - Drawdown Comparison
The maximum BICPX drawdown since its inception was -31.00%, smaller than the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BICPX and LIVIX.
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Drawdown Indicators
| BICPX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -34.44% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -9.44% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -17.39% | +8.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -26.45% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -34.44% | +15.50% |
Current DrawdownCurrent decline from peak | -1.40% | -1.83% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -4.49% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 2.25% | -1.13% |
Volatility
BICPX vs. LIVIX - Volatility Comparison
The current volatility for BlackRock 20/80 Target Allocation Fund (BICPX) is 1.55%, while BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) has a volatility of 3.92%. This indicates that BICPX experiences smaller price fluctuations and is considered to be less risky than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BICPX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.92% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 11.50% | -6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 13.72% | -8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 16.01% | -8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 16.70% | -10.27% |
BICPX vs. LIVIX - Expense Ratio Comparison
BICPX has a 0.11% 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
BICPX vs. LIVIX - Dividend Comparison
BICPX's dividend yield for the trailing twelve months is around 4.29%, more than LIVIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BICPX BlackRock 20/80 Target Allocation Fund | 4.29% | 4.41% | 0.00% | 3.50% | 3.54% | 4.89% | 4.25% | 2.46% | 5.15% | 2.71% | 1.85% | 6.53% |
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
BICPX and LIVIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIVIX has higher volatility (3.92%) compared to BICPX (1.55%). In terms of maximum drawdown, BICPX dropped -31.00% vs LIVIX's -34.44%.
LIVIX currently has the higher Sharpe Ratio (1.55 vs 1.43), 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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