BIRDX vs. LIVIX
BIRDX (iShares Developed Real Estate Index Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - BIRDX is a REIT fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, BIRDX returned 4.01%/yr vs 12.15%/yr for LIVIX. A 0.70 correlation means they provide meaningful diversification when combined. BIRDX charges 0.19%/yr vs 0.10%/yr for LIVIX.
Performance
BIRDX vs. LIVIX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with BIRDX having a 9.99% return and LIVIX slightly higher at 10.22%. Over the past 10 years, BIRDX has underperformed LIVIX with an annualized return of 4.01%, while LIVIX has yielded a comparatively higher 12.15% annualized return.
BIRDX
- 1D
- 0.45%
- 1M
- -0.22%
- YTD
- 9.99%
- 6M
- 9.59%
- 1Y
- 14.69%
- 3Y*
- 11.70%
- 5Y*
- 1.94%
- 10Y*
- 4.01%
LIVIX
- 1D
- 0.00%
- 1M
- -1.44%
- YTD
- 10.22%
- 6M
- 9.18%
- 1Y
- 24.34%
- 3Y*
- 18.71%
- 5Y*
- 9.62%
- 10Y*
- 12.15%
BIRDX vs. LIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 9.99% | 10.27% | 1.49% | 10.38% | -24.68% | 26.90% | -8.24% | 22.33% | -4.80% | 7.56% |
LIVIX BlackRock LifePath Index 2055 Fund | 10.22% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
Correlation
The correlation between BIRDX and LIVIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.70 |
Over the past year, the correlation between BIRDX and LIVIX has dropped to 0.49 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIRDX vs. LIVIX — Risk / Return Rank
BIRDX
LIVIX
BIRDX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) and BlackRock LifePath Index 2055 Fund (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.
| BIRDX | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.56 | -1.29 |
| Martin ratioReturn relative to average drawdown | 4.66 | 11.03 | -6.37 |
Loading charts...
Drawdowns
BIRDX vs. LIVIX - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BIRDX and LIVIX.
Loading charts...
Drawdown Indicators
| BIRDX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.03% | -34.44% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -9.44% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -27.40% | -17.39% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -26.45% | -6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.03% | -34.44% | -8.59% |
Current DrawdownCurrent decline from peak | -3.94% | -2.54% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -4.51% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.19% | +0.54% |
Volatility
BIRDX vs. LIVIX - Volatility Comparison
The current volatility for iShares Developed Real Estate Index Fund (BIRDX) is 4.19%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 5.51%. This indicates that BIRDX 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.
Loading charts...
Volatility by Period
| BIRDX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 5.51% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 11.16% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 13.39% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.29% | 15.98% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 16.70% | +2.39% |
BIRDX vs. LIVIX - Expense Ratio Comparison
BIRDX has a 0.19% expense ratio, which is higher than LIVIX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BIRDX vs. LIVIX - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 6.46%, more than LIVIX's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.46% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% | 0.00% |
LIVIX BlackRock LifePath Index 2055 Fund | 2.25% | 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
BIRDX and LIVIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIVIX has higher volatility (5.51%) compared to BIRDX (4.19%). In terms of maximum drawdown, BIRDX dropped -43.03% vs LIVIX's -34.44%.
LIVIX currently has the higher Sharpe Ratio (1.81 vs 1.04), 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.
Find the right allocation for BIRDX and LIVIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer