CMIEX vs. LIVIX

Last updated Jun 4, 2026

CMIEX (Multi-Manager International Equity Strategies Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - CMIEX is a Foreign Large Cap Equities fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 5 years, CMIEX returned 8.63%/yr vs 10.14%/yr for LIVIX. Their correlation of 0.90 suggests significant overlap in exposure. CMIEX charges 0.99%/yr vs 0.10%/yr for LIVIX.

Performance

CMIEX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Multi-Manager International Equity Strategies Fund (CMIEX) 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, CMIEX achieves a 10.54% return, which is significantly lower than LIVIX's 12.11% return.

CMIEX

• 1D: 0.73%
• 1M: 7.04%
• YTD: 10.54%
• 6M: 13.47%
• 1Y: 25.11%
• 3Y*: 17.72%
• 5Y*: 8.63%
• 10Y*: —

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)

CMIEX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CMIEX Multi-Manager International Equity Strategies Fund	10.54%	32.46%	3.96%	21.41%	-15.46%	6.89%	16.20%	23.87%	-16.02%
LIVIX BlackRock LifePath Index 2055 Fund	12.11%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-9.20%

Correlation

The correlation between CMIEX and LIVIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 23, 2018	0.90

The correlation between CMIEX and LIVIX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

CMIEX vs. LIVIX — Risk / Return Rank

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

CMIEX

CMIEX Risk / Return Rank: 29
CMIEX Sharpe Ratio Rank: 30
CMIEX Sortino Ratio Rank: 30
CMIEX Omega Ratio Rank: 30
CMIEX Calmar Ratio Rank: 26
CMIEX 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.

CMIEX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Multi-Manager International Equity Strategies Fund (CMIEX) 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.

	CMIEX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.31	-0.73
Sortino ratio: Return per unit of downside risk	2.27	3.21	-0.94
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	1.89	3.07	-1.18
Martin ratio: Return relative to average drawdown	7.00	13.61	-6.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMIEX vs. LIVIX - Sharpe Ratio Comparison

The current CMIEX Sharpe Ratio is 1.58, which is lower than the LIVIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of CMIEX 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

	CMIEX	LIVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	2.31	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.64	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.64	-0.14

Drawdowns

CMIEX vs. LIVIX - Drawdown Comparison

The maximum CMIEX drawdown since its inception was -35.35%, roughly equal to the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for CMIEX and LIVIX.

Drawdown Indicators

	CMIEX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-34.44%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-9.44%	-3.64%
Max Drawdown (3Y) Largest decline over 3 years	-14.50%	-17.39%	+2.89%
Max Drawdown (5Y) Largest decline over 5 years	-32.43%	-26.45%	-5.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.44%	—
Current Drawdown Current decline from peak	0.00%	-0.87%	+0.87%
Average Drawdown Average peak-to-trough decline	-6.79%	-4.52%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.13%	+1.39%

Volatility

CMIEX vs. LIVIX - Volatility Comparison

Multi-Manager International Equity Strategies Fund (CMIEX) has a higher volatility of 5.13% compared to BlackRock LifePath Index 2055 Fund (LIVIX) at 3.93%. This indicates that CMIEX's price experiences larger fluctuations and is considered to be riskier than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMIEX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	3.93%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	10.09%	+2.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	12.57%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	15.85%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	16.72%	+1.64%

CMIEX vs. LIVIX - Expense Ratio Comparison

CMIEX has a 0.99% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

CMIEX vs. LIVIX - Dividend Comparison

CMIEX's dividend yield for the trailing twelve months is around 8.07%, more than LIVIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMIEX Multi-Manager International Equity Strategies Fund	8.07%	8.92%	7.54%	2.26%	2.44%	3.21%	1.30%	2.47%	0.83%	0.00%	0.00%	0.00%
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 CMIEX and LIVIX in my portfolio?

With a correlation of 0.91, CMIEX 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, CMIEX or LIVIX?

CMIEX has higher volatility (5.13%) compared to LIVIX (3.93%). In terms of maximum drawdown, CMIEX dropped -35.35% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (2.31 vs 1.58), 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.