LEKIX vs. BDJ
LEKIX (BlackRock LifePath ESG Index 2040 Fund) and BDJ (BlackRock Enhanced Equity Dividend Trust) are both mutual funds - LEKIX is a Target Retirement Date fund managed by BlackRock, while BDJ is a Derivative Income fund actively managed by BlackRock. Over the past 5 years, LEKIX returned 6.82%/yr vs 8.67%/yr for BDJ. Their 0.71 correlation means they have sometimes moved together and sometimes differently. LEKIX charges 0.06%/yr vs 0.89%/yr for BDJ.
Performance
LEKIX vs. BDJ - Performance Comparison
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Returns By Period
In the year-to-date period, LEKIX achieves a 8.61% return, which is significantly higher than BDJ's 8.08% return.
LEKIX
- 1D
- 1.53%
- 1M
- -0.31%
- 6M
- 6.00%
- YTD
- 8.61%
- 1Y
- 18.01%
- 3Y*
- 12.56%
- 5Y*
- 6.82%
- 10Y*
- —
- ALL TIME*
- 9.95%
BDJ
- 1D
- 0.93%
- 1M
- 2.00%
- 6M
- 5.93%
- YTD
- 8.08%
- 1Y
- 23.35%
- 3Y*
- 15.58%
- 5Y*
- 8.67%
- 10Y*
- 10.64%
- ALL TIME*
- 6.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.00M | $4.36M | $4.87M | |
| $0.00 | $0.00 | $0.00 |
LEKIX vs. BDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LEKIX BlackRock LifePath ESG Index 2040 Fund | 8.61% | 17.47% | 7.45% | 18.96% | -17.72% | 16.89% | 12.05% |
BDJ BlackRock Enhanced Equity Dividend Trust | 8.08% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | 14.08% |
Correlation
The correlation between LEKIX and BDJ is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.71 |
The correlation between LEKIX and BDJ has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
LEKIX vs. BDJ — Risk / Return Rank
LEKIX
BDJ
LEKIX vs. BDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2040 Fund (LEKIX) and BlackRock Enhanced Equity Dividend Trust (BDJ). 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.
| LEKIX | BDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.76 | +0.44 |
| Martin ratioReturn relative to average drawdown | 9.30 | 6.46 | +2.85 |
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Drawdowns
LEKIX vs. BDJ - Drawdown Comparison
The maximum LEKIX drawdown since its inception was -25.28%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for LEKIX and BDJ.
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Drawdown Indicators
| LEKIX | BDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -59.46% | +34.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -12.28% | +4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -14.37% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -21.39% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.14% | — |
Current DrawdownCurrent decline from peak | -1.24% | 0.00% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -8.90% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 3.35% | -1.55% |
Volatility
LEKIX vs. BDJ - Volatility Comparison
BlackRock LifePath ESG Index 2040 Fund (LEKIX) and BlackRock Enhanced Equity Dividend Trust (BDJ) have volatilities of 3.09% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEKIX | BDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 3.15% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 9.49% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 12.25% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 16.02% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 18.40% | -5.19% |
LEKIX vs. BDJ - Expense Ratio Comparison
LEKIX has a 0.06% expense ratio, which is lower than BDJ's 0.89% expense ratio.
Dividends
LEKIX vs. BDJ - Dividend Comparison
LEKIX's dividend yield for the trailing twelve months is around 1.77%, less than BDJ's 8.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Trust | 8.75% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
LEKIX BlackRock LifePath ESG Index 2040 Fund | 1.77% | 1.92% | 0.00% | 2.22% | 2.08% | 2.85% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEKIX and BDJ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDJ has higher volatility (3.15%) compared to LEKIX (3.09%). In terms of maximum drawdown, LEKIX dropped -25.28% vs BDJ's -59.46%.
BDJ currently has the higher Sharpe Ratio (1.77 vs 1.58), 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.
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