LEHIX vs. VGT

Last updated Jun 3, 2026

LEHIX (BlackRock LifePath ESG Index 2045 Fund) and VGT (Vanguard Information Technology ETF) are both funds - LEHIX is a Target Retirement Date fund managed by BlackRock, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 5 years, LEHIX returned 8.79%/yr vs 23.05%/yr for VGT. Their correlation of 0.84 suggests significant overlap in exposure. LEHIX charges 0.05%/yr vs 0.09%/yr for VGT.

Performance

LEHIX vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath ESG Index 2045 Fund (LEHIX) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEHIX achieves a 10.83% return, which is significantly lower than VGT's 33.62% return.

LEHIX

• 1D: 0.28%
• 1M: 3.96%
• YTD: 10.83%
• 6M: 11.89%
• 1Y: 25.61%
• 3Y*: 17.22%
• 5Y*: 8.79%
• 10Y*: —

VGT

• 1D: 1.27%
• 1M: 19.95%
• YTD: 33.62%
• 6M: 32.71%
• 1Y: 65.14%
• 3Y*: 34.15%
• 5Y*: 23.05%
• 10Y*: 25.97%

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

LEHIX vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LEHIX BlackRock LifePath ESG Index 2045 Fund	10.83%	19.00%	11.48%	19.83%	-18.24%	18.86%	13.12%
VGT Vanguard Information Technology ETF	33.62%	21.77%	29.30%	52.66%	-29.70%	30.45%	15.78%

Correlation

The correlation between LEHIX and VGT 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	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020	0.84

The correlation between LEHIX and VGT has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

LEHIX vs. VGT — Risk / Return Rank

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

LEHIX

LEHIX Risk / Return Rank: 66
LEHIX Sharpe Ratio Rank: 69
LEHIX Sortino Ratio Rank: 65
LEHIX Omega Ratio Rank: 63
LEHIX Calmar Ratio Rank: 64
LEHIX Martin Ratio Rank: 71

VGT

VGT Risk / Return Rank: 81
VGT Sharpe Ratio Rank: 91
VGT Sortino Ratio Rank: 86
VGT Omega Ratio Rank: 83
VGT Calmar Ratio Rank: 78
VGT Martin Ratio Rank: 69

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.

LEHIX vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2045 Fund (LEHIX) and Vanguard Information Technology ETF (VGT). 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.

	LEHIX	VGT	Difference
Sharpe ratio Return per unit of total volatility	2.42	3.19	-0.77
Sortino ratio Return per unit of downside risk	3.38	3.88	-0.50
Omega ratio Gain probability vs. loss probability	1.44	1.51	-0.07
Calmar ratio Return relative to maximum drawdown	3.07	4.06	-0.99
Martin ratio Return relative to average drawdown	13.64	13.01	+0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEHIX vs. VGT - Sharpe Ratio Comparison

The current LEHIX Sharpe Ratio is 2.42, which is comparable to the VGT Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of LEHIX and VGT, 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

	LEHIX	VGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	3.19	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.92	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.68	+0.15

Drawdowns

LEHIX vs. VGT - Drawdown Comparison

The maximum LEHIX drawdown since its inception was -26.39%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for LEHIX and VGT.

Drawdown Indicators

	LEHIX	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-26.39%	-54.63%	+28.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-16.40%	+7.89%
Max Drawdown (3Y) Largest decline over 3 years	-15.79%	-27.23%	+11.44%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	-35.07%	+8.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.07%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.66%	-7.95%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	5.12%	-3.20%

Volatility

LEHIX vs. VGT - Volatility Comparison

The current volatility for BlackRock LifePath ESG Index 2045 Fund (LEHIX) is 3.37%, while Vanguard Information Technology ETF (VGT) has a volatility of 5.98%. This indicates that LEHIX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEHIX	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	5.98%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	15.98%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.91%	20.52%	-9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	25.17%	-10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	24.60%	-10.06%

LEHIX vs. VGT - Expense Ratio Comparison

LEHIX has a 0.05% expense ratio, which is lower than VGT's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LEHIX vs. VGT - Dividend Comparison

LEHIX's dividend yield for the trailing twelve months is around 1.68%, more than VGT's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEHIX BlackRock LifePath ESG Index 2045 Fund	1.68%	1.86%	0.00%	2.20%	2.00%	2.52%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%
VGT Vanguard Information Technology ETF	0.30%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both LEHIX and VGT in my portfolio?

LEHIX and VGT 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, LEHIX or VGT?

VGT has higher volatility (5.98%) compared to LEHIX (3.37%). In terms of maximum drawdown, LEHIX dropped -26.39% vs VGT's -54.63%.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (3.19 vs 2.42), 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.