IMCVX vs. LIVIX

Last updated Jun 23, 2026

IMCVX (Voya Multi-Manager Mid Cap Value Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - IMCVX is a Mid Cap Value Equities fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, IMCVX returned 9.61%/yr vs 12.06%/yr for LIVIX. Their correlation of 0.85 suggests significant overlap in exposure. IMCVX charges 0.78%/yr vs 0.10%/yr for LIVIX.

Performance

IMCVX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Multi-Manager Mid Cap Value Fund (IMCVX) 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, IMCVX achieves a 10.75% return, which is significantly lower than LIVIX's 12.50% return. Over the past 10 years, IMCVX has underperformed LIVIX with an annualized return of 9.61%, while LIVIX has yielded a comparatively higher 12.06% annualized return.

IMCVX

• 1D: 0.20%
• 1M: 1.32%
• YTD: 10.75%
• 6M: 9.18%
• 1Y: 17.02%
• 3Y*: 11.11%
• 5Y*: 6.50%
• 10Y*: 9.61%

LIVIX

• 1D: 1.16%
• 1M: 1.81%
• YTD: 12.50%
• 6M: 12.19%
• 1Y: 29.35%
• 3Y*: 18.59%
• 5Y*: 10.62%
• 10Y*: 12.06%

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

IMCVX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMCVX Voya Multi-Manager Mid Cap Value Fund	10.75%	4.09%	10.72%	9.44%	-11.52%	29.40%	2.62%	40.50%	-15.20%	15.06%
LIVIX BlackRock LifePath Index 2055 Fund	12.50%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between IMCVX and LIVIX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011	0.85

Over the past year, the correlation between IMCVX and LIVIX has dropped to 0.56 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

IMCVX vs. LIVIX — Risk / Return Rank

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

IMCVX

IMCVX Risk / Return Rank: 38
IMCVX Sharpe Ratio Rank: 34
IMCVX Sortino Ratio Rank: 38
IMCVX Omega Ratio Rank: 30
IMCVX Calmar Ratio Rank: 48
IMCVX Martin Ratio Rank: 42

LIVIX

LIVIX Risk / Return Rank: 67
LIVIX Sharpe Ratio Rank: 66
LIVIX Sortino Ratio Rank: 62
LIVIX Omega Ratio Rank: 62
LIVIX Calmar Ratio Rank: 70
LIVIX Martin Ratio Rank: 76

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.

IMCVX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager Mid Cap Value Fund (IMCVX) 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.

	IMCVX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.18	-0.62
Sortino ratio: Return per unit of downside risk	2.38	3.01	-0.62
Omega ratio: Gain probability vs. loss probability	1.27	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	2.54	3.07	-0.53
Martin ratio: Return relative to average drawdown	8.44	13.30	-4.85

IMCVX vs. LIVIX - Sharpe Ratio Comparison

The current IMCVX Sharpe Ratio is 1.56, which is comparable to the LIVIX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IMCVX 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

IMCVX vs. LIVIX - Drawdown Comparison

The maximum IMCVX drawdown since its inception was -44.22%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for IMCVX and LIVIX.

Drawdown Indicators

	IMCVX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-34.44%	-9.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-9.44%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-17.39%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-26.45%	+4.42%
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	-34.44%	-9.78%
Current Drawdown Current decline from peak	-1.67%	-0.53%	-1.14%
Average Drawdown Average peak-to-trough decline	-5.45%	-4.51%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.17%	+0.03%

Volatility

IMCVX vs. LIVIX - Volatility Comparison

The current volatility for Voya Multi-Manager Mid Cap Value Fund (IMCVX) is 3.30%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 5.27%. This indicates that IMCVX 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

	IMCVX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	5.27%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	11.05%	-2.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	13.27%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	15.97%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	16.77%	+3.34%

IMCVX vs. LIVIX - Expense Ratio Comparison

IMCVX has a 0.78% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

IMCVX vs. LIVIX - Dividend Comparison

IMCVX's dividend yield for the trailing twelve months is around 8.32%, more than LIVIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMCVX Voya Multi-Manager Mid Cap Value Fund	8.32%	9.21%	11.72%	0.98%	8.69%	15.71%	4.38%	19.23%	20.04%	7.09%	3.00%	21.05%
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 IMCVX and LIVIX in my portfolio?

IMCVX and LIVIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMCVX or LIVIX?

LIVIX has higher volatility (5.27%) compared to IMCVX (3.30%). In terms of maximum drawdown, IMCVX dropped -44.22% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (2.18 vs 1.56), 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.