EDIV vs. LIWPX

Last updated Jun 9, 2026

EDIV (SPDR S&P Emerging Markets Dividend ETF) and LIWPX (BlackRock LifePath Index 2065 Fund) are both funds - EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index, while LIWPX is a Target Retirement Date fund managed by BlackRock. Over the past 5 years, EDIV returned 10.20%/yr vs 9.48%/yr for LIWPX. A 0.67 correlation means they provide meaningful diversification when combined. EDIV charges 0.49%/yr vs 0.35%/yr for LIWPX.

Performance

EDIV vs. LIWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Dividend ETF (EDIV) and BlackRock LifePath Index 2065 Fund (LIWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDIV achieves a 4.31% return, which is significantly lower than LIWPX's 9.12% return.

EDIV

• 1D: -0.17%
• 1M: -3.46%
• YTD: 4.31%
• 6M: 6.35%
• 1Y: 11.64%
• 3Y*: 16.98%
• 5Y*: 10.20%
• 10Y*: 8.98%

LIWPX

• 1D: -3.04%
• 1M: -1.10%
• YTD: 9.12%
• 6M: 9.89%
• 1Y: 24.26%
• 3Y*: 18.49%
• 5Y*: 9.48%
• 10Y*: —

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

EDIV vs. LIWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EDIV SPDR S&P Emerging Markets Dividend ETF	4.31%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	4.06%
LIWPX BlackRock LifePath Index 2065 Fund	9.12%	21.32%	14.17%	21.22%	-18.52%	18.51%	15.12%	5.67%

Correlation

The correlation between EDIV and LIWPX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.67

The correlation between EDIV and LIWPX shifts across timeframes, from 0.63 (3 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EDIV vs. LIWPX — Risk / Return Rank

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

EDIV

EDIV Risk / Return Rank: 27
EDIV Sharpe Ratio Rank: 28
EDIV Sortino Ratio Rank: 27
EDIV Omega Ratio Rank: 29
EDIV Calmar Ratio Rank: 26
EDIV Martin Ratio Rank: 27

LIWPX

LIWPX Risk / Return Rank: 51
LIWPX Sharpe Ratio Rank: 49
LIWPX Sortino Ratio Rank: 45
LIWPX Omega Ratio Rank: 46
LIWPX Calmar Ratio Rank: 53
LIWPX Martin Ratio Rank: 62

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.

EDIV vs. LIWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) and BlackRock LifePath Index 2065 Fund (LIWPX). 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.

	EDIV	LIWPX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.94	-1.00
Sortino ratio: Return per unit of downside risk	1.39	2.66	-1.28
Omega ratio: Gain probability vs. loss probability	1.18	1.35	-0.17
Calmar ratio: Return relative to maximum drawdown	1.13	2.65	-1.52
Martin ratio: Return relative to average drawdown	3.45	11.69	-8.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDIV vs. LIWPX - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 0.94, which is lower than the LIWPX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of EDIV and LIWPX, 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

	EDIV	LIWPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	1.94	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.60	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.67	-0.50

Drawdowns

EDIV vs. LIWPX - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, which is greater than LIWPX's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for EDIV and LIWPX.

Drawdown Indicators

	EDIV	LIWPX	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-33.12%	-20.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-9.57%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-16.97%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-26.57%	-1.75%
Max Drawdown (10Y) Largest decline over 10 years	-40.76%	—	—
Current Drawdown Current decline from peak	-5.97%	-3.52%	-2.45%
Average Drawdown Average peak-to-trough decline	-19.35%	-5.87%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.16%	+1.23%

Volatility

EDIV vs. LIWPX - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 4.14%, while BlackRock LifePath Index 2065 Fund (LIWPX) has a volatility of 4.68%. This indicates that EDIV experiences smaller price fluctuations and is considered to be less risky than LIWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDIV	LIWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	4.68%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	10.65%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	13.05%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	15.90%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	18.59%	-1.09%

EDIV vs. LIWPX - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is higher than LIWPX's 0.35% expense ratio.

Dividends

EDIV vs. LIWPX - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.59%, more than LIWPX's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.59%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
LIWPX BlackRock LifePath Index 2065 Fund	1.44%	1.57%	0.00%	1.76%	1.50%	1.58%	1.13%	0.83%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDIV and LIWPX in my portfolio?

EDIV and LIWPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDIV or LIWPX?

LIWPX has higher volatility (4.68%) compared to EDIV (4.14%). In terms of maximum drawdown, EDIV dropped -53.36% vs LIWPX's -33.12%.

Which has better risk-adjusted returns?

LIWPX currently has the higher Sharpe Ratio (1.94 vs 0.94), 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.