LIPIX vs. FRAMX
Compare and contrast key facts about BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
LIPIX is a passively managed fund by BlackRock that tracks the performance of the BlackRock LifePath Index 2050 Custom Benchmark (USD). It was launched on May 31, 2011. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
LIPIX vs. FRAMX - Performance Comparison
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LIPIX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIPIX BlackRock LifePath Index 2050 Fund Institutional | -4.03% | 20.70% | 15.61% | 21.25% | -18.33% | 18.68% | 14.23% | 26.72% | -7.86% | 21.38% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, LIPIX achieves a -4.03% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, LIPIX has outperformed FRAMX with an annualized return of 10.47%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
LIPIX
- 1D
- -0.19%
- 1M
- -8.55%
- YTD
- -4.03%
- 6M
- -1.29%
- 1Y
- 16.95%
- 3Y*
- 14.97%
- 5Y*
- 8.37%
- 10Y*
- 10.47%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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LIPIX vs. FRAMX - Expense Ratio Comparison
LIPIX has a 0.14% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
LIPIX vs. FRAMX — Risk / Return Rank
LIPIX
FRAMX
LIPIX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| LIPIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.50 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.09 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.00 | -0.68 |
Martin ratioReturn relative to average drawdown | 6.30 | 8.06 | -1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LIPIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.50 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.41 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.82 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.49 | +0.07 |
Correlation
The correlation between LIPIX and FRAMX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LIPIX vs. FRAMX - Dividend Comparison
LIPIX's dividend yield for the trailing twelve months is around 2.89%, which matches FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 2.89% | 2.77% | 2.45% | 2.10% | 2.03% | 2.15% | 1.08% | 3.29% | 2.37% | 2.31% | 1.57% | 3.12% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
LIPIX vs. FRAMX - Drawdown Comparison
The maximum LIPIX drawdown since its inception was -34.29%, roughly equal to the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for LIPIX and FRAMX.
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Drawdown Indicators
| LIPIX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -33.94% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -3.45% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -16.31% | -10.08% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | -16.31% | -17.98% |
Current DrawdownCurrent decline from peak | -9.09% | -3.20% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -3.87% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 0.86% | +1.56% |
Volatility
LIPIX vs. FRAMX - Volatility Comparison
BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 5.05% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that LIPIX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIPIX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.96% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 2.86% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 4.59% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 5.21% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 4.47% | +11.97% |