BVDAX vs. LIVIX

Last updated Aug 4, 2026

BVDAX (BlackRock 60/40 Target Allocation ETF VI Fund) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - BVDAX is a Diversified Portfolio fund managed by BlackRock, while LIVIX is a Target Retirement Date fund tracking the LifePath Index 2055 Fund Custom Benchmark. Over the past 5 years, BVDAX returned 7.27%/yr vs 9.73%/yr for LIVIX. Their 0.95 correlation means they have historically moved very closely together. BVDAX charges 0.19%/yr vs 0.14%/yr for LIVIX.

Performance

BVDAX vs. LIVIX - 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 BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BVDAX achieves a 7.55% return, which is significantly lower than LIVIX's 11.31% return.

BVDAX

• 1D: 0.19%
• 1M: -0.92%
• 6M: 5.35%
• YTD: 7.55%
• 1Y: 15.84%
• 3Y*: 13.13%
• 5Y*: 7.27%
• 10Y*: —
• ALL TIME*: 8.96%

LIVIX

• 1D: 0.25%
• 1M: -0.28%
• 6M: 7.40%
• YTD: 11.31%
• 1Y: 23.55%
• 3Y*: 17.04%
• 5Y*: 9.73%
• 10Y*: 11.55%
• ALL TIME*: 10.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	$0.00	$0.00	$0.00
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares	$0.00	$0.00	$0.00

BVDAX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	7.55%	15.69%	11.32%	15.88%	-14.80%	11.98%	14.68%	21.40%	-6.69%	13.51%
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares	11.31%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	18.62%

Correlation

The correlation between BVDAX and LIVIX is 0.98 - 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.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.95

The correlation between BVDAX and LIVIX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

BVDAX vs. LIVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BVDAX

BVDAX Risk / Return Rank: 59
BVDAX Sharpe Ratio Rank: 56
BVDAX Sortino Ratio Rank: 57
BVDAX Omega Ratio Rank: 55
BVDAX Calmar Ratio Rank: 59
BVDAX Martin Ratio Rank: 69

LIVIX

LIVIX Risk / Return Rank: 67
LIVIX Sharpe Ratio Rank: 64
LIVIX Sortino Ratio Rank: 62
LIVIX Omega Ratio Rank: 62
LIVIX Calmar Ratio Rank: 68
LIVIX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BVDAX vs. LIVIX - 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 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.

	BVDAX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.62	-0.08
Sortino ratio: Return per unit of downside risk	2.22	2.28	-0.07
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	2.20	2.36	-0.16
Martin ratio: Return relative to average drawdown	9.12	9.88	-0.77

BVDAX vs. LIVIX - Sharpe Ratio Comparison

The current BVDAX Sharpe Ratio is 1.54, which is comparable to the LIVIX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of BVDAX 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.

Drawdowns

BVDAX vs. LIVIX - Drawdown Comparison

The maximum BVDAX drawdown since its inception was -22.25%, smaller than the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for BVDAX and LIVIX.

Drawdown Indicators

	BVDAX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-34.44%	+12.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-9.44%	+2.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-17.39%	+1.46%
Max Drawdown (5Y) Largest decline over 5 years	-20.57%	-26.45%	+5.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.44%	—
Current Drawdown Current decline from peak	-2.01%	-1.58%	-0.43%
Average Drawdown Average peak-to-trough decline	-3.84%	-4.49%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.25%	-0.56%

Volatility

BVDAX vs. LIVIX - Volatility Comparison

The current volatility for BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) is 2.94%, while BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) has a volatility of 3.89%. This indicates that BVDAX 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

	BVDAX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	3.89%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	11.50%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.01%	13.72%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	16.00%	-3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.14%	16.70%	-4.56%

BVDAX vs. LIVIX - Expense Ratio Comparison

BVDAX has a 0.19% expense ratio, which is higher than LIVIX's 0.14% 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

BVDAX vs. LIVIX - Dividend Comparison

BVDAX's dividend yield for the trailing twelve months is around 6.20%, more than LIVIX's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	6.20%	6.28%	8.43%	2.01%	2.23%	9.51%	1.69%	2.94%	2.52%	0.00%	0.00%	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

Can I hold both BVDAX and LIVIX in my portfolio?

With a correlation of 0.98, BVDAX 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.

Which is riskier, BVDAX or LIVIX?

LIVIX has higher volatility (3.89%) compared to BVDAX (2.94%). In terms of maximum drawdown, BVDAX dropped -22.25% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (1.62 vs 1.54), 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.