Correlation
The correlation between LIRIX 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.
LIRIX vs. SPY
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund (LIRIX) and SPDR S&P 500 ETF (SPY).
LIRIX is managed by Blackrock. It was launched on May 30, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIRIX or SPY.
Performance
LIRIX vs. SPY - Performance Comparison
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Key characteristics
LIRIX:
1.19
SPY:
0.70
LIRIX:
1.62
SPY:
1.02
LIRIX:
1.22
SPY:
1.15
LIRIX:
1.42
SPY:
0.68
LIRIX:
5.74
SPY:
2.57
LIRIX:
1.49%
SPY:
4.93%
LIRIX:
7.63%
SPY:
20.42%
LIRIX:
-20.48%
SPY:
-55.19%
LIRIX:
-0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, LIRIX achieves a 3.56% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, LIRIX has underperformed SPY with an annualized return of 4.83%, while SPY has yielded a comparatively higher 12.73% annualized return.
LIRIX
3.56%
1.78%
1.28%
8.46%
5.30%
4.71%
4.83%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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LIRIX vs. SPY - Expense Ratio Comparison
LIRIX has a 0.11% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LIRIX vs. SPY — Risk-Adjusted Performance Rank
LIRIX
SPY
LIRIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund (LIRIX) and 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.
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Dividends
LIRIX vs. SPY - Dividend Comparison
LIRIX's dividend yield for the trailing twelve months is around 2.92%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRIX BlackRock LifePath Index Retirement Fund | 2.92% | 3.03% | 2.61% | 2.70% | 2.85% | 2.61% | 2.43% | 2.44% | 2.23% | 2.46% | 2.93% | 3.09% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LIRIX vs. SPY - Drawdown Comparison
The maximum LIRIX drawdown since its inception was -20.48%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LIRIX and SPY.
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Volatility
LIRIX vs. SPY - Volatility Comparison
The current volatility for BlackRock LifePath Index Retirement Fund (LIRIX) is 1.66%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that LIRIX 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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