LIPIX vs. URFFX

Last updated Aug 4, 2026

LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and URFFX (USAA Target Retirement 2050 Fund) are both Target Retirement Date funds. Over the past 10 years, LIPIX returned 11.50%/yr vs 10.19%/yr for URFFX. Their 0.97 correlation means they have historically moved very closely together. LIPIX charges 0.14%/yr vs 0.58%/yr for URFFX.

Performance

LIPIX vs. URFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and USAA Target Retirement 2050 Fund (URFFX). 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 lower than URFFX's 13.05% return. Over the past 10 years, LIPIX has outperformed URFFX with an annualized return of 11.50%, while URFFX has yielded a comparatively lower 10.19% 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%

URFFX

• 1D: 0.00%
• 1M: 0.64%
• 6M: 9.07%
• YTD: 13.05%
• 1Y: 24.29%
• 3Y*: 16.47%
• 5Y*: 9.38%
• 10Y*: 10.19%
• ALL TIME*: 8.09%

*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)
LIPIX BlackRock LifePath Index 2050 Fund Institutional	$0.00	$0.00	$0.00
URFFX USAA Target Retirement 2050 Fund	$0.00	$0.00	$0.00

LIPIX vs. URFFX - 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%
URFFX USAA Target Retirement 2050 Fund	13.05%	19.35%	11.86%	18.12%	-15.66%	17.70%	10.52%	20.16%	-9.01%	19.40%

Correlation

The correlation between LIPIX and URFFX is 0.99 - 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.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since May 31, 2011	0.97

The correlation between LIPIX and URFFX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

LIPIX vs. URFFX — 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

URFFX

URFFX Risk / Return Rank: 82
URFFX Sharpe Ratio Rank: 81
URFFX Sortino Ratio Rank: 79
URFFX Omega Ratio Rank: 78
URFFX Calmar Ratio Rank: 84
URFFX Martin Ratio Rank: 90

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. URFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and USAA Target Retirement 2050 Fund (URFFX). 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	URFFX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.99	-0.36
Sortino ratio: Return per unit of downside risk	2.29	2.79	-0.49
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	2.34	2.98	-0.64
Martin ratio: Return relative to average drawdown	9.84	12.76	-2.91

LIPIX vs. URFFX - Sharpe Ratio Comparison

The current LIPIX Sharpe Ratio is 1.63, which is comparable to the URFFX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of LIPIX and URFFX, 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. URFFX - Drawdown Comparison

The maximum LIPIX drawdown since its inception was -34.29%, smaller than the maximum URFFX drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for LIPIX and URFFX.

Drawdown Indicators

	LIPIX	URFFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-44.25%	+9.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-7.89%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-14.14%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	-23.76%	-2.63%
Max Drawdown (10Y) Largest decline over 10 years	-34.29%	-29.97%	-4.32%
Current Drawdown Current decline from peak	-1.49%	-0.17%	-1.32%
Average Drawdown Average peak-to-trough decline	-4.44%	-5.88%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	1.84%	+0.32%

Volatility

LIPIX vs. URFFX - Volatility Comparison

BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 3.65% compared to USAA Target Retirement 2050 Fund (URFFX) at 2.87%. This indicates that LIPIX's price experiences larger fluctuations and is considered to be riskier than URFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIPIX	URFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	2.87%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	9.82%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	11.85%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	13.97%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	14.33%	+2.14%

LIPIX vs. URFFX - Expense Ratio Comparison

LIPIX has a 0.14% expense ratio, which is lower than URFFX's 0.58% expense ratio.

Dividends

LIPIX vs. URFFX - Dividend Comparison

LIPIX's dividend yield for the trailing twelve months is around 2.54%, less than URFFX's 5.72% 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%
URFFX USAA Target Retirement 2050 Fund	5.72%	6.46%	2.61%	3.39%	11.40%	8.13%	6.25%	11.76%	10.21%	5.55%	3.91%	2.57%

Frequently Asked Questions

Can I hold both LIPIX and URFFX in my portfolio?

With a correlation of 0.99, LIPIX and URFFX 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.

Which is riskier, LIPIX or URFFX?

LIPIX has higher volatility (3.65%) compared to URFFX (2.87%). In terms of maximum drawdown, LIPIX dropped -34.29% vs URFFX's -44.25%.

Which has better risk-adjusted returns?

URFFX currently has the higher Sharpe Ratio (1.99 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.