LIPIX vs. BDMAX
LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and BDMAX (BlackRock Global Equity Market Neutral Fund Investor A) are both mutual funds - LIPIX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2050 Custom Benchmark (USD), while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. LIPIX is passively managed, while BDMAX is actively managed. Over the past 10 years, LIPIX returned 11.50%/yr vs 8.29%/yr for BDMAX. Their 0.11 correlation means their historical movements had little consistent relationship. LIPIX charges 0.14%/yr vs 1.59%/yr for BDMAX.
Performance
LIPIX vs. BDMAX - Performance Comparison
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Returns By Period
In the year-to-date period, LIPIX achieves a 10.78% return, which is significantly lower than BDMAX's 12.73% return. Over the past 10 years, LIPIX has outperformed BDMAX with an annualized return of 11.50%, while BDMAX has yielded a comparatively lower 8.29% annualized return.
LIPIX
- 1D
- 0.23%
- 1M
- -0.35%
- 6M
- 7.09%
- YTD
- 10.78%
- 1Y
- 22.43%
- 3Y*
- 17.25%
- 5Y*
- 9.80%
- 10Y*
- 11.50%
- ALL TIME*
- 9.96%
BDMAX
- 1D
- 0.81%
- 1M
- 2.45%
- 6M
- 10.71%
- YTD
- 12.73%
- 1Y
- 24.19%
- 3Y*
- 20.40%
- 5Y*
- 13.04%
- 10Y*
- 8.29%
- ALL TIME*
- 6.66%
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 |
LIPIX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 10.78% | 20.70% | 15.61% | 21.25% | -18.33% | 18.68% | 14.23% | 26.72% | -7.86% | 21.38% |
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 12.73% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Correlation
The correlation between LIPIX 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. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.11 |
Over the past year, LIPIX and BDMAX have become more correlated (0.40) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
LIPIX vs. BDMAX — Risk / Return Rank
LIPIX
BDMAX
LIPIX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and BlackRock Global Equity Market Neutral Fund Investor A (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.
| LIPIX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.62 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 7.50 | -5.16 |
| Martin ratioReturn relative to average drawdown | 9.84 | 19.83 | -9.98 |
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Drawdowns
LIPIX vs. BDMAX - Drawdown Comparison
The maximum LIPIX drawdown since its inception was -34.29%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for LIPIX and BDMAX.
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Drawdown Indicators
| LIPIX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -12.37% | -21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -3.25% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.98% | -4.15% | -11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -5.56% | -20.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | -9.71% | -24.58% |
Current DrawdownCurrent decline from peak | -1.49% | -0.35% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -2.80% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.23% | +0.93% |
Volatility
LIPIX vs. BDMAX - Volatility Comparison
BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 3.65% compared to BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) at 2.66%. This indicates that LIPIX'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
| LIPIX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 2.66% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 5.40% | +5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 7.42% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 6.68% | +8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 5.91% | +10.56% |
LIPIX vs. BDMAX - Expense Ratio Comparison
LIPIX has a 0.14% expense ratio, which is lower than BDMAX's 1.59% expense ratio.
Dividends
LIPIX vs. BDMAX - Dividend Comparison
LIPIX's dividend yield for the trailing twelve months is around 2.54%, less than BDMAX's 11.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 11.57% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 2.54% | 2.77% | 2.45% | 2.10% | 2.03% | 2.15% | 1.08% | 3.29% | 2.37% | 2.31% | 1.57% | 3.12% |
Frequently Asked Questions
LIPIX 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.
LIPIX has higher volatility (3.65%) compared to BDMAX (2.66%). In terms of maximum drawdown, LIPIX dropped -34.29% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.29 vs 1.63), 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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