LEKIX vs. VLO

Last updated Jun 3, 2026

LEKIX (BlackRock LifePath ESG Index 2040 Fund) is Target Retirement Date fund managed by BlackRock, while VLO (Valero Energy Corporation) is a stock. Over the past 5 years, LEKIX returned 7.33%/yr vs 29.95%/yr for VLO. At a 0.28 correlation, their price movements are largely independent.

Performance

LEKIX vs. VLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath ESG Index 2040 Fund (LEKIX) and Valero Energy Corporation (VLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEKIX achieves a 9.56% return, which is significantly lower than VLO's 62.36% return.

LEKIX

• 1D: 0.19%
• 1M: 3.48%
• YTD: 9.56%
• 6M: 10.52%
• 1Y: 22.90%
• 3Y*: 14.83%
• 5Y*: 7.33%
• 10Y*: —

VLO

• 1D: 1.24%
• 1M: 4.40%
• YTD: 62.36%
• 6M: 49.28%
• 1Y: 104.76%
• 3Y*: 37.67%
• 5Y*: 29.95%
• 10Y*: 21.37%

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

LEKIX vs. VLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LEKIX BlackRock LifePath ESG Index 2040 Fund	9.56%	17.47%	7.45%	18.96%	-17.72%	16.89%	12.05%
VLO Valero Energy Corporation	62.36%	36.97%	-2.96%	5.86%	74.95%	40.25%	5.19%

Correlation

The correlation between LEKIX and VLO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020	0.28

The correlation between LEKIX and VLO shifts across timeframes, from -0.06 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LEKIX vs. VLO — Risk / Return Rank

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

LEKIX

LEKIX Risk / Return Rank: 66
LEKIX Sharpe Ratio Rank: 68
LEKIX Sortino Ratio Rank: 67
LEKIX Omega Ratio Rank: 63
LEKIX Calmar Ratio Rank: 63
LEKIX Martin Ratio Rank: 71

VLO

VLO Risk / Return Rank: 93
VLO Sharpe Ratio Rank: 94
VLO Sortino Ratio Rank: 92
VLO Omega Ratio Rank: 91
VLO Calmar Ratio Rank: 95
VLO Martin Ratio Rank: 94

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.

LEKIX vs. VLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2040 Fund (LEKIX) and Valero Energy Corporation (VLO). 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.

	LEKIX	VLO	Difference
Sharpe ratio Return per unit of total volatility	2.41	3.01	-0.60
Sortino ratio Return per unit of downside risk	3.41	3.54	-0.13
Omega ratio Gain probability vs. loss probability	1.44	1.45	-0.01
Calmar ratio Return relative to maximum drawdown	3.06	7.43	-4.37
Martin ratio Return relative to average drawdown	13.54	18.50	-4.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEKIX vs. VLO - Sharpe Ratio Comparison

The current LEKIX Sharpe Ratio is 2.41, which is comparable to the VLO Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of LEKIX and VLO, 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

	LEKIX	VLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	3.01	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.82	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.28	+0.51

Drawdowns

LEKIX vs. VLO - Drawdown Comparison

The maximum LEKIX drawdown since its inception was -25.28%, smaller than the maximum VLO drawdown of -87.50%. Use the drawdown chart below to compare losses from any high point for LEKIX and VLO.

Drawdown Indicators

	LEKIX	VLO	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-87.50%	+62.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-14.19%	+6.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.24%	-41.22%	+24.98%
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	-41.22%	+15.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-71.88%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.66%	-34.28%	+28.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	5.69%	-3.96%

Volatility

LEKIX vs. VLO - Volatility Comparison

The current volatility for BlackRock LifePath ESG Index 2040 Fund (LEKIX) is 3.06%, while Valero Energy Corporation (VLO) has a volatility of 12.22%. This indicates that LEKIX experiences smaller price fluctuations and is considered to be less risky than VLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEKIX	VLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	12.22%	-9.16%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	27.32%	-19.47%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	35.02%	-25.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.28%	36.92%	-23.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	40.39%	-27.16%

Dividends

LEKIX vs. VLO - Dividend Comparison

LEKIX's dividend yield for the trailing twelve months is around 1.75%, less than VLO's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEKIX BlackRock LifePath ESG Index 2040 Fund	1.75%	1.92%	0.00%	2.22%	2.08%	2.85%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%
VLO Valero Energy Corporation	1.78%	2.78%	3.49%	3.14%	3.09%	5.22%	6.93%	3.84%	4.27%	2.34%	3.51%	2.40%

Frequently Asked Questions

Can I hold both LEKIX and VLO in my portfolio?

LEKIX and VLO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEKIX or VLO?

VLO has higher volatility (12.22%) compared to LEKIX (3.06%). In terms of maximum drawdown, LEKIX dropped -25.28% vs VLO's -87.50%.

Which has better risk-adjusted returns?

VLO currently has the higher Sharpe Ratio (3.01 vs 2.41), 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.