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BIRDX vs. LIVIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BIRDX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Developed Real Estate Index Fund (BIRDX) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

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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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIRDX vs. LIVIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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.

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Return for Risk

BIRDX vs. LIVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIRDX
BIRDX Risk / Return Rank: 2020
Overall Rank
BIRDX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
BIRDX Sortino Ratio Rank: 1919
Sortino Ratio Rank
BIRDX Omega Ratio Rank: 2020
Omega Ratio Rank
BIRDX Calmar Ratio Rank: 1818
Calmar Ratio Rank
BIRDX Martin Ratio Rank: 2323
Martin Ratio Rank

LIVIX
LIVIX Risk / Return Rank: 5757
Overall Rank
LIVIX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
LIVIX Sortino Ratio Rank: 5252
Sortino Ratio Rank
LIVIX Omega Ratio Rank: 5353
Omega Ratio Rank
LIVIX Calmar Ratio Rank: 5858
Calmar Ratio Rank
LIVIX Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


BIRDXLIVIXDifference
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

BIRDX vs. LIVIX - Sharpe Ratio Comparison

The current BIRDX Sharpe Ratio is 1.04, which is lower than the LIVIX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of BIRDX and LIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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.


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Drawdown Indicators


BIRDXLIVIXDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-3.94%

-2.54%

-1.40%

Average Drawdown

Average peak-to-trough decline

-10.81%

-4.51%

-6.30%

Ulcer Index

Depth 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.


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Volatility by Period


BIRDXLIVIXDifference

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.


PositionTTM20252024202320222021202020192018201720162015
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.

Portfolio Optimizer

Find the right allocation for BIRDX and LIVIX

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