LIPIX vs. SSFNX
LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and SSFNX (State Street Target Retirement Fund) are both Target Retirement Date funds. Over the past 10 years, LIPIX returned 11.50%/yr vs 5.67%/yr for SSFNX. Their correlation of 0.91 means they have usually moved in the same direction. LIPIX charges 0.14%/yr vs 0.10%/yr for SSFNX.
Performance
LIPIX vs. SSFNX - Performance Comparison
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Returns By Period
In the year-to-date period, LIPIX achieves a 10.78% return, which is significantly higher than SSFNX's 5.22% return. Over the past 10 years, LIPIX has outperformed SSFNX with an annualized return of 11.50%, while SSFNX has yielded a comparatively lower 5.67% 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%
SSFNX
- 1D
- 0.08%
- 1M
- 0.08%
- 6M
- 3.75%
- YTD
- 5.22%
- 1Y
- 10.32%
- 3Y*
- 9.09%
- 5Y*
- 4.13%
- 10Y*
- 5.67%
- ALL TIME*
- 5.26%
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. SSFNX - 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% |
SSFNX State Street Target Retirement Fund | 5.22% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 8.92% |
Correlation
The correlation between LIPIX and SSFNX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.91 |
The correlation between LIPIX and SSFNX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
LIPIX vs. SSFNX — Risk / Return Rank
LIPIX
SSFNX
LIPIX vs. SSFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and State Street Target Retirement Fund (SSFNX). 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 | SSFNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.94 | -0.60 |
| Martin ratioReturn relative to average drawdown | 9.84 | 12.75 | -2.90 |
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Drawdowns
LIPIX vs. SSFNX - Drawdown Comparison
The maximum LIPIX drawdown since its inception was -34.29%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for LIPIX and SSFNX.
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Drawdown Indicators
| LIPIX | SSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -16.62% | -17.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -3.52% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.98% | -5.21% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -16.62% | -9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | -16.62% | -17.67% |
Current DrawdownCurrent decline from peak | -1.49% | -0.34% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -2.49% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.81% | +1.35% |
Volatility
LIPIX vs. SSFNX - Volatility Comparison
BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 3.65% compared to State Street Target Retirement Fund (SSFNX) at 1.22%. This indicates that LIPIX's price experiences larger fluctuations and is considered to be riskier than SSFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIPIX | SSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 1.22% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 3.97% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 4.76% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 6.62% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 6.56% | +9.91% |
LIPIX vs. SSFNX - Expense Ratio Comparison
LIPIX has a 0.14% expense ratio, which is higher than SSFNX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LIPIX vs. SSFNX - Dividend Comparison
LIPIX's dividend yield for the trailing twelve months is around 2.54%, less than SSFNX's 4.62% 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% |
SSFNX State Street Target Retirement Fund | 4.62% | 4.86% | 5.78% | 5.26% | 5.12% | 6.69% | 1.61% | 3.35% | 4.40% | 2.72% | 1.84% | 2.05% |
Frequently Asked Questions
With a correlation of 0.91, LIPIX and SSFNX 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.
LIPIX has higher volatility (3.65%) compared to SSFNX (1.22%). In terms of maximum drawdown, LIPIX dropped -34.29% vs SSFNX's -16.62%.
SSFNX currently has the higher Sharpe Ratio (2.18 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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