EITEX vs. LIVIX

Last updated Jun 5, 2026

EITEX (Parametric Tax-Managed Emerging Markets Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - EITEX is a Emerging Markets Diversified fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, EITEX returned 7.62%/yr vs 11.95%/yr for LIVIX. A 0.79 correlation means they provide meaningful diversification when combined. EITEX charges 0.96%/yr vs 0.10%/yr for LIVIX.

Performance

EITEX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parametric Tax-Managed Emerging Markets Fund (EITEX) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EITEX having a 12.27% return and LIVIX slightly lower at 12.11%. Over the past 10 years, EITEX has underperformed LIVIX with an annualized return of 7.62%, while LIVIX has yielded a comparatively higher 11.95% annualized return.

EITEX

• 1D: -0.84%
• 1M: 1.70%
• YTD: 12.27%
• 6M: 13.28%
• 1Y: 31.14%
• 3Y*: 17.11%
• 5Y*: 6.80%
• 10Y*: 7.62%

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)

EITEX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EITEX Parametric Tax-Managed Emerging Markets Fund	12.27%	28.58%	4.67%	10.69%	-12.11%	4.47%	4.51%	12.51%	-13.20%	27.10%
LIVIX BlackRock LifePath Index 2055 Fund	12.11%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between EITEX and LIVIX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	0.79

The correlation between EITEX and LIVIX has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

Return for Risk

EITEX vs. LIVIX — Risk / Return Rank

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

EITEX

EITEX Risk / Return Rank: 74
EITEX Sharpe Ratio Rank: 83
EITEX Sortino Ratio Rank: 75
EITEX Omega Ratio Rank: 81
EITEX Calmar Ratio Rank: 71
EITEX Martin Ratio Rank: 60

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.

EITEX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Tax-Managed Emerging Markets Fund (EITEX) 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.

	EITEX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.31	+0.39
Sortino ratio: Return per unit of downside risk	3.65	3.21	+0.43
Omega ratio: Gain probability vs. loss probability	1.54	1.42	+0.12
Calmar ratio: Return relative to maximum drawdown	3.23	3.07	+0.16
Martin ratio: Return relative to average drawdown	11.88	13.61	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EITEX vs. LIVIX - Sharpe Ratio Comparison

The current EITEX Sharpe Ratio is 2.69, which is comparable to the LIVIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of EITEX 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

	EITEX	LIVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.31	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.64	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.72	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.64	-0.10

Drawdowns

EITEX vs. LIVIX - Drawdown Comparison

The maximum EITEX drawdown since its inception was -61.70%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for EITEX and LIVIX.

Drawdown Indicators

	EITEX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.70%	-34.44%	-27.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-9.44%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-17.39%	+5.53%
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	-26.45%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-43.10%	-34.44%	-8.66%
Current Drawdown Current decline from peak	-0.84%	-0.87%	+0.03%
Average Drawdown Average peak-to-trough decline	-13.93%	-4.52%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.13%	+0.55%

Volatility

EITEX vs. LIVIX - Volatility Comparison

Parametric Tax-Managed Emerging Markets Fund (EITEX) has a higher volatility of 4.36% compared to BlackRock LifePath Index 2055 Fund (LIVIX) at 3.93%. This indicates that EITEX'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

	EITEX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	3.93%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	10.09%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	12.57%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.26%	15.85%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	16.72%	-2.97%

EITEX vs. LIVIX - Expense Ratio Comparison

EITEX has a 0.96% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

EITEX vs. LIVIX - Dividend Comparison

EITEX's dividend yield for the trailing twelve months is around 4.25%, more than LIVIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EITEX Parametric Tax-Managed Emerging Markets Fund	4.25%	4.77%	4.58%	5.85%	10.39%	9.72%	1.79%	2.63%	2.26%	1.80%	1.67%	2.11%
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 EITEX and LIVIX in my portfolio?

EITEX and LIVIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EITEX or LIVIX?

EITEX has higher volatility (4.36%) compared to LIVIX (3.93%). In terms of maximum drawdown, EITEX dropped -61.70% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

EITEX currently has the higher Sharpe Ratio (2.69 vs 2.31), 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.