LIRAX vs. VTWNX
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and Vanguard Target Retirement 2020 Fund (VTWNX).
LIRAX is managed by Blackrock. It was launched on May 31, 2011. VTWNX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIRAX or VTWNX.
Key characteristics
| LIRAX | VTWNX | |
|---|---|---|
| YTD Return | 8.53% | 8.88% |
| 1Y Return | 17.47% | 17.22% |
| 3Y Return (Ann) | 0.15% | 1.52% |
| 5Y Return (Ann) | 4.12% | 5.54% |
| 10Y Return (Ann) | 4.18% | 5.77% |
| Sharpe Ratio | 2.55 | 1.61 |
| Sortino Ratio | 3.79 | 2.36 |
| Omega Ratio | 1.49 | 1.47 |
| Calmar Ratio | 1.14 | 1.53 |
| Martin Ratio | 15.53 | 5.32 |
| Ulcer Index | 1.06% | 3.10% |
| Daily Std Dev | 6.49% | 10.23% |
| Max Drawdown | -21.24% | -42.16% |
| Current Drawdown | -0.86% | -0.44% |
Correlation
The correlation between LIRAX and VTWNX is 0.95, 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. VTWNX - Performance Comparison
The year-to-date returns for both investments are quite close, with LIRAX having a 8.53% return and VTWNX slightly higher at 8.88%. Over the past 10 years, LIRAX has underperformed VTWNX with an annualized return of 4.18%, while VTWNX has yielded a comparatively higher 5.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LIRAX vs. VTWNX - Expense Ratio Comparison
LIRAX has a 0.44% expense ratio, which is higher than VTWNX's 0.08% expense ratio.
Risk-Adjusted Performance
LIRAX vs. VTWNX - 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 Vanguard Target Retirement 2020 Fund (VTWNX). 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. VTWNX - Dividend Comparison
LIRAX's dividend yield for the trailing twelve months is around 2.51%, less than VTWNX's 2.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 2.51% | 2.37% | 2.26% | 1.87% | 1.69% | 2.12% | 2.11% | 1.77% | 1.75% | 1.68% | 1.59% | 1.50% |
VTWNX Vanguard Target Retirement 2020 Fund | 2.70% | 2.94% | 2.58% | 2.54% | 1.62% | 2.43% | 2.60% | 2.01% | 1.99% | 2.18% | 1.90% | 1.79% |
Drawdowns
LIRAX vs. VTWNX - Drawdown Comparison
The maximum LIRAX drawdown since its inception was -21.24%, smaller than the maximum VTWNX drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for LIRAX and VTWNX. For additional features, visit the drawdowns tool.
Volatility
LIRAX vs. VTWNX - Volatility Comparison
BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) has a higher volatility of 1.60% compared to Vanguard Target Retirement 2020 Fund (VTWNX) at 1.40%. This indicates that LIRAX's price experiences larger fluctuations and is considered to be riskier than VTWNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.