LIPIX vs. DOXGX

Last updated Aug 4, 2026

LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and DOXGX (Dodge & Cox Stock Fund Class X) are both mutual funds - LIPIX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2050 Custom Benchmark (USD), while DOXGX is a Large Cap Value Equities fund actively managed by Dodge & Cox. LIPIX is passively managed, while DOXGX is actively managed. Over the past 3 years, LIPIX returned 17.25%/yr vs 14.56%/yr for DOXGX. Their correlation of 0.82 means they have usually moved in the same direction. LIPIX charges 0.14%/yr vs 0.41%/yr for DOXGX.

Performance

LIPIX vs. DOXGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and Dodge & Cox Stock Fund Class X (DOXGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIPIX achieves a 10.78% return, which is significantly higher than DOXGX's 10.00% 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%

DOXGX

• 1D: 0.73%
• 1M: 3.34%
• 6M: 7.54%
• YTD: 10.00%
• 1Y: 19.53%
• 3Y*: 14.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DOXGX Dodge & Cox Stock Fund Class X	$0.00	$0.00	$0.00
LIPIX BlackRock LifePath Index 2050 Fund Institutional	$0.00	$0.00	$0.00

LIPIX vs. DOXGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LIPIX BlackRock LifePath Index 2050 Fund Institutional	10.78%	20.70%	15.61%	21.25%	-6.48%
DOXGX Dodge & Cox Stock Fund Class X	10.00%	13.77%	14.47%	17.60%	-2.46%

Correlation

The correlation between LIPIX and DOXGX is 0.60, 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.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (All Time) Calculated using the full available price history since May 3, 2022	0.82

Over the past year, the correlation between LIPIX and DOXGX has dropped to 0.60 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

LIPIX vs. DOXGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIPIX

LIPIX Risk / Return Rank: 65
LIPIX Sharpe Ratio Rank: 62
LIPIX Sortino Ratio Rank: 61
LIPIX Omega Ratio Rank: 60
LIPIX Calmar Ratio Rank: 66
LIPIX Martin Ratio Rank: 76

DOXGX

DOXGX Risk / Return Rank: 60
DOXGX Sharpe Ratio Rank: 58
DOXGX Sortino Ratio Rank: 58
DOXGX Omega Ratio Rank: 51
DOXGX Calmar Ratio Rank: 69
DOXGX Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LIPIX vs. DOXGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and Dodge & Cox Stock Fund Class X (DOXGX). 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	DOXGX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.55	+0.08
Sortino ratio: Return per unit of downside risk	2.29	2.23	+0.06
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	2.34	2.37	-0.03
Martin ratio: Return relative to average drawdown	9.84	8.73	+1.12

LIPIX vs. DOXGX - Sharpe Ratio Comparison

The current LIPIX Sharpe Ratio is 1.63, which is comparable to the DOXGX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LIPIX and DOXGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIPIX vs. DOXGX - Drawdown Comparison

The maximum LIPIX drawdown since its inception was -34.29%, which is greater than DOXGX's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for LIPIX and DOXGX.

Drawdown Indicators

	LIPIX	DOXGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-16.47%	-17.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-7.51%	-1.58%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-14.88%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.29%	—	—
Current Drawdown Current decline from peak	-1.49%	0.00%	-1.49%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.06%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.04%	+0.12%

Volatility

LIPIX vs. DOXGX - Volatility Comparison

BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 3.65% compared to Dodge & Cox Stock Fund Class X (DOXGX) at 3.26%. This indicates that LIPIX's price experiences larger fluctuations and is considered to be riskier than DOXGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIPIX	DOXGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.26%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	8.48%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	11.59%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	15.59%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	15.59%	+0.88%

LIPIX vs. DOXGX - Expense Ratio Comparison

LIPIX has a 0.14% expense ratio, which is lower than DOXGX's 0.41% expense ratio.

Dividends

LIPIX vs. DOXGX - Dividend Comparison

LIPIX's dividend yield for the trailing twelve months is around 2.54%, less than DOXGX's 8.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOXGX Dodge & Cox Stock Fund Class X	8.83%	9.96%	8.30%	3.86%	4.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both LIPIX and DOXGX in my portfolio?

LIPIX and DOXGX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIPIX or DOXGX?

LIPIX has higher volatility (3.65%) compared to DOXGX (3.26%). In terms of maximum drawdown, LIPIX dropped -34.29% vs DOXGX's -16.47%.

Which has better risk-adjusted returns?

LIPIX currently has the higher Sharpe Ratio (1.63 vs 1.55), 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.