LIRAX vs. SPY
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and State Street SPDR S&P 500 ETF (SPY).
LIRAX is managed by BlackRock. It was launched on May 31, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
LIRAX vs. SPY - Performance Comparison
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LIRAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 0.13% | 12.09% | 5.84% | 11.22% | -15.49% | 6.42% | 11.05% | 15.60% | -3.79% | 10.43% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, LIRAX achieves a 0.13% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, LIRAX has underperformed SPY with an annualized return of 5.29%, while SPY has yielded a comparatively higher 14.06% annualized return.
LIRAX
- 1D
- 1.15%
- 1M
- -2.55%
- YTD
- 0.13%
- 6M
- 1.47%
- 1Y
- 10.32%
- 3Y*
- 8.12%
- 5Y*
- 3.29%
- 10Y*
- 5.29%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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LIRAX vs. SPY - Expense Ratio Comparison
LIRAX has a 0.44% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
LIRAX vs. SPY — Risk / Return Rank
LIRAX
SPY
LIRAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| LIRAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.96 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.49 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.53 | +0.53 |
Martin ratioReturn relative to average drawdown | 9.30 | 7.27 | +2.04 |
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
| LIRAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.96 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.70 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.79 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.56 | +0.15 |
Correlation
The correlation between LIRAX and SPY is 0.85, 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.
Dividends
LIRAX vs. SPY - Dividend Comparison
LIRAX's dividend yield for the trailing twelve months is around 3.53%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 3.53% | 3.53% | 1.82% | 2.37% | 2.42% | 2.42% | 1.70% | 2.22% | 2.18% | 1.99% | 2.23% | 2.67% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LIRAX vs. SPY - Drawdown Comparison
The maximum LIRAX drawdown since its inception was -20.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LIRAX and SPY.
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Drawdown Indicators
| LIRAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -55.19% | +34.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -12.05% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -24.50% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -20.67% | -33.72% | +13.05% |
Current DrawdownCurrent decline from peak | -2.93% | -5.53% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -9.09% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.54% | -1.37% |
Volatility
LIRAX vs. SPY - Volatility Comparison
The current volatility for BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) is 2.79%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that LIRAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIRAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 5.35% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 9.50% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 19.06% | -11.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 17.06% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.47% | 17.92% | -10.45% |