LIPIX vs. WFSPX
LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - LIPIX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2050 Custom Benchmark (USD), while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, LIPIX returned 11.99%/yr vs 15.54%/yr for WFSPX. With a 0.96 correlation, they move nearly in lockstep. LIPIX charges 0.14%/yr vs 0.03%/yr for WFSPX.
Performance
LIPIX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, LIPIX achieves a 12.45% return, which is significantly higher than WFSPX's 11.69% return. Over the past 10 years, LIPIX has underperformed WFSPX with an annualized return of 11.99%, while WFSPX has yielded a comparatively higher 15.54% annualized return.
LIPIX
- 1D
- 0.43%
- 1M
- 5.32%
- YTD
- 12.45%
- 6M
- 13.25%
- 1Y
- 28.60%
- 3Y*
- 20.09%
- 5Y*
- 10.56%
- 10Y*
- 11.99%
WFSPX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.69%
- 6M
- 11.72%
- 1Y
- 28.93%
- 3Y*
- 22.71%
- 5Y*
- 14.24%
- 10Y*
- 15.54%
LIPIX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 12.45% | 20.70% | 15.61% | 21.25% | -18.33% | 18.68% | 14.23% | 26.72% | -7.86% | 21.38% |
WFSPX iShares S&P 500 Index Fund | 11.69% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between LIPIX and WFSPX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.96 |
The correlation between LIPIX and WFSPX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
LIPIX vs. WFSPX — Risk / Return Rank
LIPIX
WFSPX
LIPIX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and iShares S&P 500 Index Fund (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.35 | -0.16 |
| Martin ratioReturn relative to average drawdown | 14.10 | 15.65 | -1.55 |
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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.52 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.85 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.87 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.13 | +0.50 |
Drawdowns
LIPIX vs. WFSPX - Drawdown Comparison
The maximum LIPIX drawdown since its inception was -34.29%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for LIPIX and WFSPX.
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Drawdown Indicators
| LIPIX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -58.21% | +23.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -8.90% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.98% | -18.74% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -24.51% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | -33.74% | -0.55% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -12.77% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.90% | +0.15% |
Volatility
LIPIX vs. WFSPX - Volatility Comparison
BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 3.76% compared to iShares S&P 500 Index Fund (WFSPX) at 2.82%. This indicates that LIPIX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIPIX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.82% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 8.97% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 11.85% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 16.88% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 18.02% | -1.51% |
LIPIX vs. WFSPX - Expense Ratio Comparison
LIPIX has a 0.14% expense ratio, which is higher than WFSPX's 0.03% 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. WFSPX - Dividend Comparison
LIPIX's dividend yield for the trailing twelve months is around 2.47%, more than WFSPX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 2.47% | 2.77% | 2.45% | 2.10% | 2.03% | 2.15% | 1.08% | 3.29% | 2.37% | 2.31% | 1.57% | 3.12% |
WFSPX iShares S&P 500 Index Fund | 1.56% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
With a correlation of 0.95, LIPIX and WFSPX 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 (3.76%) compared to WFSPX (2.82%). In terms of maximum drawdown, LIPIX dropped -34.29% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.52 vs 2.42), 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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