BPRIX vs. LIVIX

Last updated Jun 4, 2026

BPRIX (BlackRock Inflation Protected Bond Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - BPRIX is a Inflation-Protected Bonds fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, BPRIX returned 2.50%/yr vs 11.95%/yr for LIVIX. At a correlation of -0.00, they often move in opposite directions. BPRIX charges 0.40%/yr vs 0.10%/yr for LIVIX.

Performance

BPRIX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Inflation Protected Bond Fund (BPRIX) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPRIX achieves a 1.65% return, which is significantly lower than LIVIX's 12.11% return. Over the past 10 years, BPRIX has underperformed LIVIX with an annualized return of 2.50%, while LIVIX has yielded a comparatively higher 11.95% annualized return.

BPRIX

• 1D: -0.10%
• 1M: 0.22%
• YTD: 1.65%
• 6M: 1.18%
• 1Y: 5.17%
• 3Y*: 3.45%
• 5Y*: 0.61%
• 10Y*: 2.50%

LIVIX

• 1D: -0.87%
• 1M: 3.62%
• YTD: 12.11%
• 6M: 12.81%
• 1Y: 28.50%
• 3Y*: 19.61%
• 5Y*: 10.14%
• 10Y*: 11.95%

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

BPRIX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPRIX BlackRock Inflation Protected Bond Fund	1.65%	6.84%	1.41%	2.92%	-12.87%	5.76%	11.76%	8.33%	-1.85%	3.10%
LIVIX BlackRock LifePath Index 2055 Fund	12.11%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between BPRIX and LIVIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	-0.00

The correlation between BPRIX and LIVIX shifts across timeframes, from -0.00 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BPRIX vs. LIVIX — Risk / Return Rank

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

BPRIX

BPRIX Risk / Return Rank: 29
BPRIX Sharpe Ratio Rank: 25
BPRIX Sortino Ratio Rank: 30
BPRIX Omega Ratio Rank: 27
BPRIX Calmar Ratio Rank: 32
BPRIX Martin Ratio Rank: 30

LIVIX

LIVIX Risk / Return Rank: 62
LIVIX Sharpe Ratio Rank: 61
LIVIX Sortino Ratio Rank: 58
LIVIX Omega Ratio Rank: 57
LIVIX Calmar Ratio Rank: 63
LIVIX Martin Ratio Rank: 72

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.

BPRIX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Inflation Protected Bond Fund (BPRIX) 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.

	BPRIX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.31	-0.89
Sortino ratio: Return per unit of downside risk	2.26	3.21	-0.95
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	2.12	3.07	-0.95
Martin ratio: Return relative to average drawdown	7.08	13.61	-6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPRIX vs. LIVIX - Sharpe Ratio Comparison

The current BPRIX Sharpe Ratio is 1.42, which is lower than the LIVIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of BPRIX 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.

Sharpe Ratios by Period

	BPRIX	LIVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	2.31	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.64	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.72	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.64	-0.03

Drawdowns

BPRIX vs. LIVIX - Drawdown Comparison

The maximum BPRIX drawdown since its inception was -15.52%, smaller than the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BPRIX and LIVIX.

Drawdown Indicators

	BPRIX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.52%	-34.44%	+18.92%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-9.44%	+7.04%
Max Drawdown (3Y) Largest decline over 3 years	-5.11%	-17.39%	+12.28%
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	-26.45%	+10.93%
Max Drawdown (10Y) Largest decline over 10 years	-15.52%	-34.44%	+18.92%
Current Drawdown Current decline from peak	-1.63%	-0.87%	-0.76%
Average Drawdown Average peak-to-trough decline	-3.81%	-4.52%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	2.13%	-1.41%

Volatility

BPRIX vs. LIVIX - Volatility Comparison

The current volatility for BlackRock Inflation Protected Bond Fund (BPRIX) is 1.51%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 3.93%. This indicates that BPRIX 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.

Volatility by Period

	BPRIX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	3.93%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	10.09%	-7.41%
Volatility (1Y) Calculated over the trailing 1-year period	3.60%	12.57%	-8.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.14%	15.85%	-9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.52%	16.72%	-11.20%

BPRIX vs. LIVIX - Expense Ratio Comparison

BPRIX has a 0.40% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

BPRIX vs. LIVIX - Dividend Comparison

BPRIX's dividend yield for the trailing twelve months is around 4.66%, more than LIVIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPRIX BlackRock Inflation Protected Bond Fund	4.66%	4.47%	3.38%	2.48%	6.04%	6.39%	1.48%	2.34%	2.78%	2.20%	1.19%	2.07%
LIVIX BlackRock LifePath Index 2055 Fund	2.21%	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

Can I hold both BPRIX and LIVIX in my portfolio?

BPRIX and LIVIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPRIX or LIVIX?

LIVIX has higher volatility (3.93%) compared to BPRIX (1.51%). In terms of maximum drawdown, BPRIX dropped -15.52% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (2.31 vs 1.42), 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.