BIRIX vs. LIVIX
BIRIX (BlackRock Sustainable Advantage Large Cap Core Fund) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - BIRIX is a Large Cap Blend Equities 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, BIRIX returned 14.94%/yr vs 11.45%/yr for LIVIX. Their correlation of 0.95 means they have usually moved in the same direction. BIRIX charges 0.48%/yr vs 0.14%/yr for LIVIX.
Performance
BIRIX vs. LIVIX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BIRIX having a 11.23% return and LIVIX slightly lower at 11.03%. Over the past 10 years, BIRIX has outperformed LIVIX with an annualized return of 14.94%, while LIVIX has yielded a comparatively lower 11.45% annualized return.
BIRIX
- 1D
- 2.04%
- 1M
- -0.42%
- 6M
- 9.83%
- YTD
- 11.23%
- 1Y
- 24.34%
- 3Y*
- 19.33%
- 5Y*
- 11.83%
- 10Y*
- 14.94%
- ALL TIME*
- 15.09%
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 |
BIRIX vs. LIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 11.23% | 18.97% | 21.83% | 25.55% | -19.73% | 28.16% | 22.41% | 31.19% | -5.94% | 20.95% |
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 BIRIX and LIVIX is 0.95 - 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.95 |
The correlation between BIRIX and LIVIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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
BIRIX vs. LIVIX — Risk / Return Rank
BIRIX
LIVIX
BIRIX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) 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.
| BIRIX | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.25 | +0.32 |
| Martin ratioReturn relative to average drawdown | 11.30 | 9.45 | +1.86 |
Loading charts...
Drawdowns
BIRIX vs. LIVIX - Drawdown Comparison
The maximum BIRIX drawdown since its inception was -34.67%, roughly equal to the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BIRIX and LIVIX.
Loading charts...
Drawdown Indicators
| BIRIX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -34.44% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -9.44% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -17.39% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -26.45% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | -34.44% | -0.23% |
Current DrawdownCurrent decline from peak | -1.83% | -1.83% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -4.49% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.25% | -0.32% |
Volatility
BIRIX vs. LIVIX - Volatility Comparison
BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) have volatilities of 3.77% 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.
Loading charts...
Volatility by Period
| BIRIX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.92% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 11.50% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 13.72% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 16.01% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 16.70% | +2.36% |
BIRIX vs. LIVIX - Expense Ratio Comparison
BIRIX has a 0.48% expense ratio, which is higher than LIVIX's 0.14% expense ratio.
Dividends
BIRIX vs. LIVIX - Dividend Comparison
BIRIX's dividend yield for the trailing twelve months is around 8.52%, more than LIVIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 8.52% | 6.51% | 15.58% | 1.01% | 1.22% | 5.79% | 3.69% | 2.95% | 8.26% | 4.89% | 2.78% | 0.00% |
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 0.95, BIRIX 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 BIRIX (3.77%). In terms of maximum drawdown, BIRIX dropped -34.67% vs LIVIX's -34.44%.
BIRIX currently has the higher Sharpe Ratio (1.63 vs 1.55), 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 BIRIX 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