LIPIX vs. LIVIX
LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both Target Retirement Date funds from BlackRock - LIPIX tracks the BlackRock LifePath Index 2050 Custom Benchmark (USD) while LIVIX tracks the LifePath Index 2055 Fund Custom Benchmark. Both are passively managed. Over the past 10 years, LIPIX returned 11.50%/yr vs 11.55%/yr for LIVIX. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.14% expense ratio.
Performance
LIPIX vs. LIVIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LIPIX having a 10.78% return and LIVIX slightly higher at 11.31%. Both investments have delivered pretty close results over the past 10 years, with LIPIX having a 11.50% annualized return and LIVIX not far ahead at 11.55%.
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%
LIVIX
- 1D
- 0.25%
- 1M
- -0.28%
- 6M
- 7.40%
- YTD
- 11.31%
- 1Y
- 23.55%
- 3Y*
- 17.04%
- 5Y*
- 9.73%
- 10Y*
- 11.55%
- ALL TIME*
- 10.31%
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. LIVIX - 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% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 11.31% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
Correlation
The correlation between LIPIX and LIVIX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.99 |
The correlation between LIPIX and LIVIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
LIPIX vs. LIVIX — Risk / Return Rank
LIPIX
LIVIX
LIPIX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). 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 | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.36 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.84 | 9.88 | -0.04 |
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Drawdowns
LIPIX vs. LIVIX - Drawdown Comparison
The maximum LIPIX drawdown since its inception was -34.29%, roughly equal to the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for LIPIX and LIVIX.
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Drawdown Indicators
| LIPIX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -34.44% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.44% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.98% | -17.39% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -26.45% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | -34.44% | +0.15% |
Current DrawdownCurrent decline from peak | -1.49% | -1.58% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -4.49% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.25% | -0.09% |
Volatility
LIPIX vs. LIVIX - Volatility Comparison
The current volatility for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) is 3.65%, while BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) has a volatility of 3.89%. This indicates that LIPIX experiences smaller price fluctuations and is considered to be less risky than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIPIX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.89% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 11.50% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 13.72% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 16.00% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 16.70% | -0.23% |
LIPIX vs. LIVIX - Expense Ratio Comparison
Both LIPIX and LIVIX have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LIPIX vs. LIVIX - Dividend Comparison
LIPIX's dividend yield for the trailing twelve months is around 2.54%, more than LIVIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 2.29% | 2.48% | 0.01% | 2.04% | 1.96% | 2.04% | 1.56% | 2.95% | 2.35% | 2.27% | 1.54% | 2.88% |
Frequently Asked Questions
With a correlation of 1.00, LIPIX and LIVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LIVIX has higher volatility (3.89%) compared to LIPIX (3.65%). In terms of maximum drawdown, LIPIX dropped -34.29% vs LIVIX's -34.44%.
LIPIX currently has the higher Sharpe Ratio (1.63 vs 1.62), 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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