BVDAX vs. IFRA

Last updated Jun 4, 2026

BVDAX (BlackRock 60/40 Target Allocation ETF VI Fund) and IFRA (iShares U.S. Infrastructure ETF) are both funds - BVDAX is a Diversified Portfolio fund managed by BlackRock, while IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index. Over the past 5 years, BVDAX returned 7.95%/yr vs 13.03%/yr for IFRA. A 0.71 correlation means they provide meaningful diversification when combined. BVDAX charges 0.19%/yr vs 0.30%/yr for IFRA.

Performance

BVDAX vs. IFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) and iShares U.S. Infrastructure ETF (IFRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BVDAX achieves a 9.76% return, which is significantly lower than IFRA's 16.86% return.

BVDAX

• 1D: 0.37%
• 1M: 5.09%
• YTD: 9.76%
• 6M: 10.21%
• 1Y: 21.98%
• 3Y*: 15.19%
• 5Y*: 7.95%
• 10Y*: —

IFRA

• 1D: 0.20%
• 1M: -1.29%
• YTD: 16.86%
• 6M: 16.28%
• 1Y: 28.44%
• 3Y*: 20.10%
• 5Y*: 13.03%
• 10Y*: —

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

BVDAX vs. IFRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	9.76%	15.69%	11.32%	15.88%	-14.80%	11.98%	14.68%	21.40%	-4.33%
IFRA iShares U.S. Infrastructure ETF	16.86%	15.90%	17.02%	13.42%	-3.32%	29.81%	7.37%	27.00%	-8.57%

Correlation

The correlation between BVDAX and IFRA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.71

The correlation between BVDAX and IFRA shifts across timeframes, from 0.62 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BVDAX vs. IFRA — Risk / Return Rank

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

BVDAX

BVDAX Risk / Return Rank: 72
BVDAX Sharpe Ratio Rank: 74
BVDAX Sortino Ratio Rank: 73
BVDAX Omega Ratio Rank: 70
BVDAX Calmar Ratio Rank: 68
BVDAX Martin Ratio Rank: 76

IFRA

IFRA Risk / Return Rank: 60
IFRA Sharpe Ratio Rank: 56
IFRA Sortino Ratio Rank: 59
IFRA Omega Ratio Rank: 52
IFRA Calmar Ratio Rank: 67
IFRA Martin Ratio Rank: 68

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.

BVDAX vs. IFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) and iShares U.S. Infrastructure ETF (IFRA). 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.

	BVDAX	IFRA	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.94	+0.55
Sortino ratio: Return per unit of downside risk	3.56	2.85	+0.71
Omega ratio: Gain probability vs. loss probability	1.47	1.33	+0.14
Calmar ratio: Return relative to maximum drawdown	3.18	3.40	-0.22
Martin ratio: Return relative to average drawdown	14.33	12.70	+1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BVDAX vs. IFRA - Sharpe Ratio Comparison

The current BVDAX Sharpe Ratio is 2.49, which is comparable to the IFRA Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of BVDAX and IFRA, 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

	BVDAX	IFRA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.94	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.73	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.63	+0.14

Drawdowns

BVDAX vs. IFRA - Drawdown Comparison

The maximum BVDAX drawdown since its inception was -22.25%, smaller than the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for BVDAX and IFRA.

Drawdown Indicators

	BVDAX	IFRA	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-41.06%	+18.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-8.40%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-19.93%	+4.00%
Max Drawdown (5Y) Largest decline over 5 years	-20.57%	-19.93%	-0.64%
Current Drawdown Current decline from peak	0.00%	-2.66%	+2.66%
Average Drawdown Average peak-to-trough decline	-3.88%	-5.14%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	2.25%	-0.69%

Volatility

BVDAX vs. IFRA - Volatility Comparison

The current volatility for BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) is 3.21%, while iShares U.S. Infrastructure ETF (IFRA) has a volatility of 4.89%. This indicates that BVDAX experiences smaller price fluctuations and is considered to be less risky than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BVDAX	IFRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	4.89%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	7.45%	11.32%	-3.87%
Volatility (1Y) Calculated over the trailing 1-year period	8.97%	14.79%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.27%	17.92%	-5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	21.38%	-9.24%

BVDAX vs. IFRA - Expense Ratio Comparison

BVDAX has a 0.19% expense ratio, which is lower than IFRA's 0.30% expense ratio.

Dividends

BVDAX vs. IFRA - Dividend Comparison

BVDAX's dividend yield for the trailing twelve months is around 5.72%, more than IFRA's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	5.72%	6.28%	8.43%	2.01%	2.23%	9.51%	1.69%	2.94%	2.52%
IFRA iShares U.S. Infrastructure ETF	1.59%	1.84%	1.75%	1.98%	1.98%	1.63%	2.08%	1.68%	2.50%

Frequently Asked Questions

Can I hold both BVDAX and IFRA in my portfolio?

BVDAX and IFRA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BVDAX or IFRA?

IFRA has higher volatility (4.89%) compared to BVDAX (3.21%). In terms of maximum drawdown, BVDAX dropped -22.25% vs IFRA's -41.06%.

Which has better risk-adjusted returns?

BVDAX currently has the higher Sharpe Ratio (2.49 vs 1.94), 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.