LIPKX vs. ASFYX

Last updated Aug 1, 2026

LIPKX (BlackRock LifePath Index 2050 Fund Class K) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - LIPKX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2050 Custom Benchmark (USD), while ASFYX is a Systematic Trend fund actively managed by Virtus. LIPKX is passively managed, while ASFYX is actively managed. Over the past 10 years, LIPKX returned 11.19%/yr vs 2.08%/yr for ASFYX. Their 0.20 correlation means their historical movements had little consistent relationship. LIPKX charges 0.09%/yr vs 1.45%/yr for ASFYX.

Performance

LIPKX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2050 Fund Class K (LIPKX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIPKX achieves a 10.60% return, which is significantly higher than ASFYX's 9.56% return. Over the past 10 years, LIPKX has outperformed ASFYX with an annualized return of 11.19%, while ASFYX has yielded a comparatively lower 2.08% annualized return.

LIPKX

• 1D: 1.89%
• 1M: -0.55%
• 6M: 7.37%
• YTD: 10.60%
• 1Y: 22.24%
• 3Y*: 16.02%
• 5Y*: 9.27%
• 10Y*: 11.19%
• ALL TIME*: 9.82%

ASFYX

• 1D: -0.35%
• 1M: 1.07%
• 6M: 5.34%
• YTD: 9.56%
• 1Y: 21.27%
• 3Y*: -3.32%
• 5Y*: 2.26%
• 10Y*: 2.08%
• ALL TIME*: 3.84%

*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)
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	$0.00	$0.00	$0.00
LIPKX BlackRock LifePath Index 2050 Fund Class K	$0.00	$0.00	$0.00

LIPKX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIPKX BlackRock LifePath Index 2050 Fund Class K	10.60%	20.71%	12.88%	21.38%	-18.34%	18.74%	14.28%	26.78%	-7.81%	21.43%
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	9.56%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	6.78%

Correlation

The correlation between LIPKX and ASFYX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (10Y) Provides a long-term view across more market conditions.	0.22
Correlation (All Time) Calculated using the full available price history since May 31, 2011	0.20

Over the past year, LIPKX and ASFYX have become more correlated (0.47) than their long-term average of 0.20, meaning their price movements have been converging.

Return for Risk

LIPKX vs. ASFYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIPKX

LIPKX Risk / Return Rank: 66
LIPKX Sharpe Ratio Rank: 63
LIPKX Sortino Ratio Rank: 61
LIPKX Omega Ratio Rank: 61
LIPKX Calmar Ratio Rank: 66
LIPKX Martin Ratio Rank: 76

ASFYX

ASFYX Risk / Return Rank: 66
ASFYX Sharpe Ratio Rank: 67
ASFYX Sortino Ratio Rank: 61
ASFYX Omega Ratio Rank: 60
ASFYX Calmar Ratio Rank: 81
ASFYX Martin Ratio Rank: 60

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.

LIPKX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Class K (LIPKX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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.

	LIPKX	ASFYX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.55	+0.02
Sortino ratio: Return per unit of downside risk	2.21	2.08	+0.13
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.25	2.63	-0.38
Martin ratio: Return relative to average drawdown	9.46	7.58	+1.88

LIPKX vs. ASFYX - Sharpe Ratio Comparison

The current LIPKX Sharpe Ratio is 1.56, which is comparable to the ASFYX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LIPKX and ASFYX, 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

LIPKX vs. ASFYX - Drawdown Comparison

The maximum LIPKX drawdown since its inception was -34.29%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for LIPKX and ASFYX.

Drawdown Indicators

	LIPKX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-36.43%	+2.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-7.42%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.06%	-30.32%	+13.26%
Max Drawdown (5Y) Largest decline over 5 years	-26.35%	-36.43%	+10.08%
Max Drawdown (10Y) Largest decline over 10 years	-34.29%	-36.43%	+2.14%
Current Drawdown Current decline from peak	-1.69%	-22.26%	+20.57%
Average Drawdown Average peak-to-trough decline	-4.48%	-13.26%	+8.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.57%	-0.41%

Volatility

LIPKX vs. ASFYX - Volatility Comparison

BlackRock LifePath Index 2050 Fund Class K (LIPKX) has a higher volatility of 3.73% compared to Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) at 2.89%. This indicates that LIPKX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIPKX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	2.89%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	9.77%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	12.62%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	13.79%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	12.74%	+3.73%

LIPKX vs. ASFYX - Expense Ratio Comparison

LIPKX has a 0.09% expense ratio, which is lower than ASFYX's 1.45% expense ratio.

Dividends

LIPKX vs. ASFYX - Dividend Comparison

LIPKX's dividend yield for the trailing twelve months is around 2.59%, more than ASFYX's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I	1.39%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
LIPKX BlackRock LifePath Index 2050 Fund Class K	2.59%	2.82%	0.01%	2.14%	2.08%	2.20%	1.11%	3.33%	2.42%	2.36%	1.60%	3.17%

Frequently Asked Questions

Can I hold both LIPKX and ASFYX in my portfolio?

LIPKX and ASFYX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIPKX or ASFYX?

LIPKX has higher volatility (3.73%) compared to ASFYX (2.89%). In terms of maximum drawdown, LIPKX dropped -34.29% vs ASFYX's -36.43%.

Which has better risk-adjusted returns?

LIPKX currently has the higher Sharpe Ratio (1.56 vs 1.55), 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.