LIRAX vs. FMIL
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and Fidelity New Millennium ETF (FMIL).
LIRAX is managed by Blackrock. It was launched on May 31, 2011. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIRAX or FMIL.
Key characteristics
| LIRAX | FMIL | |
|---|---|---|
| YTD Return | 7.77% | 32.65% |
| 1Y Return | 15.98% | 42.62% |
| 3Y Return (Ann) | 0.07% | 17.74% |
| Sharpe Ratio | 2.49 | 3.41 |
| Sortino Ratio | 3.72 | 4.57 |
| Omega Ratio | 1.47 | 1.63 |
| Calmar Ratio | 1.15 | 5.07 |
| Martin Ratio | 15.02 | 24.43 |
| Ulcer Index | 1.07% | 1.86% |
| Daily Std Dev | 6.46% | 13.23% |
| Max Drawdown | -21.24% | -15.87% |
| Current Drawdown | -1.56% | 0.00% |
Correlation
The correlation between LIRAX and FMIL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LIRAX vs. FMIL - Performance Comparison
In the year-to-date period, LIRAX achieves a 7.77% return, which is significantly lower than FMIL's 32.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LIRAX vs. FMIL - Expense Ratio Comparison
LIRAX has a 0.44% expense ratio, which is lower than FMIL's 0.59% expense ratio.
Risk-Adjusted Performance
LIRAX vs. FMIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and Fidelity New Millennium ETF (FMIL). 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.
Dividends
LIRAX vs. FMIL - Dividend Comparison
LIRAX's dividend yield for the trailing twelve months is around 2.53%, more than FMIL's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 2.53% | 2.37% | 2.26% | 1.87% | 1.69% | 2.12% | 2.11% | 1.77% | 1.75% | 1.68% | 1.59% | 1.50% |
FMIL Fidelity New Millennium ETF | 0.59% | 0.11% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LIRAX vs. FMIL - Drawdown Comparison
The maximum LIRAX drawdown since its inception was -21.24%, which is greater than FMIL's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for LIRAX and FMIL. For additional features, visit the drawdowns tool.
Volatility
LIRAX vs. FMIL - Volatility Comparison
The current volatility for BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) is 1.69%, while Fidelity New Millennium ETF (FMIL) has a volatility of 4.00%. This indicates that LIRAX experiences smaller price fluctuations and is considered to be less risky than FMIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.