LEZIX vs. BDMAX
LEZIX (BlackRock LifePath ESG Index 2060 Fund) and BDMAX (BlackRock Global Equity Market Neutral Fund) are both mutual funds - LEZIX is a Target Retirement Date fund managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 5 years, LEZIX returned 9.38%/yr vs 12.85%/yr for BDMAX. Their 0.15 correlation means their historical movements had little consistent relationship. LEZIX charges 0.05%/yr vs 1.60%/yr for BDMAX.
Performance
LEZIX vs. BDMAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LEZIX having a 11.50% return and BDMAX slightly higher at 11.82%.
LEZIX
- 1D
- 2.02%
- 1M
- -0.16%
- 6M
- 8.09%
- YTD
- 11.50%
- 1Y
- 23.55%
- 3Y*
- 16.35%
- 5Y*
- 9.38%
- 10Y*
- —
- ALL TIME*
- 12.80%
BDMAX
- 1D
- 1.16%
- 1M
- 1.62%
- 6M
- 10.73%
- YTD
- 11.82%
- 1Y
- 23.19%
- 3Y*
- 20.21%
- 5Y*
- 12.85%
- 10Y*
- 8.21%
- ALL TIME*
- 6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LEZIX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LEZIX BlackRock LifePath ESG Index 2060 Fund | 11.50% | 20.85% | 12.97% | 21.21% | -18.67% | 19.92% | 13.75% |
BDMAX BlackRock Global Equity Market Neutral Fund | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -2.77% |
Correlation
The correlation between LEZIX and BDMAX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.15 |
Over the past year, LEZIX and BDMAX have become more correlated (0.40) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
LEZIX vs. BDMAX — Risk / Return Rank
LEZIX
BDMAX
LEZIX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2060 Fund (LEZIX) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| LEZIX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.60 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 7.28 | -5.04 |
| Martin ratioReturn relative to average drawdown | 9.61 | 19.24 | -9.63 |
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Drawdowns
LEZIX vs. BDMAX - Drawdown Comparison
The maximum LEZIX drawdown since its inception was -27.24%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for LEZIX and BDMAX.
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Drawdown Indicators
| LEZIX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.24% | -12.37% | -14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -3.25% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -4.15% | -13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.24% | -5.56% | -21.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.71% | — |
Current DrawdownCurrent decline from peak | -1.32% | -1.15% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -2.80% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.23% | +1.01% |
Volatility
LEZIX vs. BDMAX - Volatility Comparison
BlackRock LifePath ESG Index 2060 Fund (LEZIX) has a higher volatility of 3.90% compared to BlackRock Global Equity Market Neutral Fund (BDMAX) at 2.58%. This indicates that LEZIX's price experiences larger fluctuations and is considered to be riskier than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEZIX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 2.58% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 5.36% | +6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.65% | 7.39% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 6.67% | +9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 5.90% | +9.94% |
LEZIX vs. BDMAX - Expense Ratio Comparison
LEZIX has a 0.05% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Dividends
LEZIX vs. BDMAX - Dividend Comparison
LEZIX's dividend yield for the trailing twelve months is around 1.47%, less than BDMAX's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
LEZIX BlackRock LifePath ESG Index 2060 Fund | 1.47% | 1.64% | 0.00% | 2.06% | 1.85% | 2.42% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEZIX and BDMAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEZIX has higher volatility (3.90%) compared to BDMAX (2.58%). In terms of maximum drawdown, LEZIX dropped -27.24% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 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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