IFRA vs. BVDAX

Last updated Jun 24, 2026

IFRA (iShares U.S. Infrastructure ETF) and BVDAX (BlackRock 60/40 Target Allocation ETF VI Fund) are both funds - IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while BVDAX is a Diversified Portfolio fund managed by BlackRock. Over the past 5 years, IFRA returned 14.07%/yr vs 7.86%/yr for BVDAX. A 0.71 correlation means they provide meaningful diversification when combined. IFRA charges 0.30%/yr vs 0.19%/yr for BVDAX.

Performance

IFRA vs. BVDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Infrastructure ETF (IFRA) and BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFRA achieves a 19.25% return, which is significantly higher than BVDAX's 9.42% return.

IFRA

• 1D: -0.86%
• 1M: 2.48%
• YTD: 19.25%
• 6M: 17.89%
• 1Y: 30.85%
• 3Y*: 20.61%
• 5Y*: 14.07%
• 10Y*: —

BVDAX

• 1D: -0.12%
• 1M: 1.88%
• YTD: 9.42%
• 6M: 8.90%
• 1Y: 20.67%
• 3Y*: 14.79%
• 5Y*: 7.86%
• 10Y*: —

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

IFRA vs. BVDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IFRA iShares U.S. Infrastructure ETF	19.25%	15.90%	17.02%	13.42%	-3.32%	29.81%	7.37%	27.00%	-7.97%
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	9.42%	15.69%	11.32%	15.88%	-14.80%	11.98%	14.68%	21.40%	-3.98%

Correlation

The correlation between IFRA and BVDAX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018	0.71

The correlation between IFRA and BVDAX shifts across timeframes, from 0.61 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IFRA vs. BVDAX — Risk / Return Rank

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

IFRA

IFRA Risk / Return Rank: 68
IFRA Sharpe Ratio Rank: 65
IFRA Sortino Ratio Rank: 69
IFRA Omega Ratio Rank: 57
IFRA Calmar Ratio Rank: 75
IFRA Martin Ratio Rank: 75

BVDAX

BVDAX Risk / Return Rank: 72
BVDAX Sharpe Ratio Rank: 72
BVDAX Sortino Ratio Rank: 72
BVDAX Omega Ratio Rank: 70
BVDAX Calmar Ratio Rank: 70
BVDAX Martin Ratio Rank: 78

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.

IFRA vs. BVDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) and BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX). 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.

	IFRA	BVDAX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.26	-0.22
Sortino ratio: Return per unit of downside risk	2.97	3.20	-0.23
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	3.69	3.09	+0.60
Martin ratio: Return relative to average drawdown	13.48	13.59	-0.11

IFRA vs. BVDAX - Sharpe Ratio Comparison

The current IFRA Sharpe Ratio is 2.05, which is comparable to the BVDAX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of IFRA and BVDAX, 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

IFRA vs. BVDAX - Drawdown Comparison

The maximum IFRA drawdown since its inception was -41.06%, which is greater than BVDAX's maximum drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for IFRA and BVDAX.

Drawdown Indicators

	IFRA	BVDAX	Difference
Max Drawdown Largest peak-to-trough decline	-41.06%	-22.25%	-18.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	-7.03%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.93%	-15.93%	-4.00%
Max Drawdown (5Y) Largest decline over 5 years	-19.93%	-20.57%	+0.64%
Current Drawdown Current decline from peak	-0.86%	-0.31%	-0.55%
Average Drawdown Average peak-to-trough decline	-5.12%	-3.86%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.59%	+0.70%

Volatility

IFRA vs. BVDAX - Volatility Comparison

iShares U.S. Infrastructure ETF (IFRA) has a higher volatility of 5.19% compared to BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) at 3.95%. This indicates that IFRA's price experiences larger fluctuations and is considered to be riskier than BVDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFRA	BVDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	3.95%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	11.76%	8.17%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	9.60%	+5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	12.35%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.36%	12.16%	+9.20%

IFRA vs. BVDAX - Expense Ratio Comparison

IFRA has a 0.30% expense ratio, which is higher than BVDAX's 0.19% expense ratio.

Dividends

IFRA vs. BVDAX - Dividend Comparison

IFRA's dividend yield for the trailing twelve months is around 1.56%, less than BVDAX's 5.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund	5.74%	6.28%	8.43%	2.01%	2.23%	9.51%	1.69%	2.94%	2.52%
IFRA iShares U.S. Infrastructure ETF	1.56%	1.84%	1.75%	1.98%	1.98%	1.63%	2.08%	1.68%	2.50%

Frequently Asked Questions

Can I hold both IFRA and BVDAX in my portfolio?

IFRA and BVDAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFRA or BVDAX?

IFRA has higher volatility (5.19%) compared to BVDAX (3.95%). In terms of maximum drawdown, IFRA dropped -41.06% vs BVDAX's -22.25%.

Which has better risk-adjusted returns?

BVDAX currently has the higher Sharpe Ratio (2.26 vs 2.05), 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.