EATVX vs. LIVIX

Last updated Jun 25, 2026

EATVX (Eaton Vance Tax Managed Value Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - EATVX is a Large Cap Value Equities fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, EATVX returned 12.15%/yr vs 12.15%/yr for LIVIX. Their correlation of 0.90 suggests significant overlap in exposure. EATVX charges 1.15%/yr vs 0.10%/yr for LIVIX.

Performance

EATVX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Value Fund (EATVX) 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, EATVX achieves a 17.94% return, which is significantly higher than LIVIX's 10.22% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: EATVX at 12.15% and LIVIX at 12.15%.

EATVX

• 1D: -1.68%
• 1M: 3.52%
• YTD: 17.94%
• 6M: 16.76%
• 1Y: 30.35%
• 3Y*: 18.42%
• 5Y*: 10.61%
• 10Y*: 12.15%

LIVIX

• 1D: -1.93%
• 1M: -0.25%
• YTD: 10.22%
• 6M: 9.18%
• 1Y: 24.05%
• 3Y*: 18.71%
• 5Y*: 9.71%
• 10Y*: 12.15%

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

EATVX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EATVX Eaton Vance Tax Managed Value Fund	17.94%	12.86%	14.37%	9.44%	-9.77%	25.92%	4.39%	29.73%	-5.98%	17.65%
LIVIX BlackRock LifePath Index 2055 Fund	10.22%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between EATVX and LIVIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011	0.90

The correlation between EATVX and LIVIX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

EATVX vs. LIVIX — Risk / Return Rank

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

EATVX

EATVX Risk / Return Rank: 86
EATVX Sharpe Ratio Rank: 88
EATVX Sortino Ratio Rank: 84
EATVX Omega Ratio Rank: 80
EATVX Calmar Ratio Rank: 87
EATVX Martin Ratio Rank: 91

LIVIX

LIVIX Risk / Return Rank: 53
LIVIX Sharpe Ratio Rank: 50
LIVIX Sortino Ratio Rank: 47
LIVIX Omega Ratio Rank: 49
LIVIX Calmar Ratio Rank: 56
LIVIX Martin Ratio Rank: 65

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.

EATVX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Value Fund (EATVX) 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.

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.

	EATVX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.92	+0.67
Sortino ratio: Return per unit of downside risk	3.60	2.65	+0.95
Omega ratio: Gain probability vs. loss probability	1.46	1.35	+0.11
Calmar ratio: Return relative to maximum drawdown	3.95	2.72	+1.23
Martin ratio: Return relative to average drawdown	16.87	11.77	+5.11

EATVX vs. LIVIX - Sharpe Ratio Comparison

The current EATVX Sharpe Ratio is 2.59, which is higher than the LIVIX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of EATVX 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

EATVX vs. LIVIX - Drawdown Comparison

The maximum EATVX drawdown since its inception was -53.01%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for EATVX and LIVIX.

Drawdown Indicators

	EATVX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.01%	-34.44%	-18.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-9.44%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-17.39%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-20.70%	-26.45%	+5.75%
Max Drawdown (10Y) Largest decline over 10 years	-38.63%	-34.44%	-4.19%
Current Drawdown Current decline from peak	-1.68%	-2.54%	+0.86%
Average Drawdown Average peak-to-trough decline	-8.17%	-4.51%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.18%	-0.30%

Volatility

EATVX vs. LIVIX - Volatility Comparison

The current volatility for Eaton Vance Tax Managed Value Fund (EATVX) is 4.93%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 5.51%. This indicates that EATVX 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

	EATVX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	5.51%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	11.18%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	13.42%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	15.99%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	16.71%	+0.86%

EATVX vs. LIVIX - Expense Ratio Comparison

EATVX has a 1.15% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

EATVX vs. LIVIX - Dividend Comparison

EATVX's dividend yield for the trailing twelve months is around 3.53%, more than LIVIX's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATVX Eaton Vance Tax Managed Value Fund	3.53%	4.16%	3.75%	3.24%	2.17%	4.50%	1.29%	1.13%	1.57%	0.95%	1.10%	8.71%
LIVIX BlackRock LifePath Index 2055 Fund	2.25%	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 EATVX and LIVIX in my portfolio?

EATVX and LIVIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EATVX or LIVIX?

LIVIX has higher volatility (5.51%) compared to EATVX (4.93%). In terms of maximum drawdown, EATVX dropped -53.01% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

EATVX currently has the higher Sharpe Ratio (2.59 vs 1.92), 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.