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 | -1.01% | 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 | -4.37% | 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 -1.01% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, LIRAX has underperformed SPY with an annualized return of 5.16%, while SPY has yielded a comparatively higher 13.98% annualized return.
LIRAX
- 1D
- 0.27%
- 1M
- -4.03%
- YTD
- -1.01%
- 6M
- 0.65%
- 1Y
- 9.38%
- 3Y*
- 7.71%
- 5Y*
- 3.20%
- 10Y*
- 5.16%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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 | 1.37 | 0.93 | +0.44 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.45 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.53 | +0.25 |
Martin ratioReturn relative to average drawdown | 8.12 | 7.30 | +0.82 |
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 | 1.37 | 0.93 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.69 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.56 | +0.14 |
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 3.57%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 3.57% | 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 | 1.14% | 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 | -4.03% | -6.24% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -9.09% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.52% | -1.37% |
Volatility
LIRAX vs. SPY - Volatility Comparison
The current volatility for BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) is 2.46%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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 | 2.46% | 5.31% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 9.47% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 19.05% | -11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 17.06% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 17.92% | -10.46% |