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.
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.
Performance
LIRIX vs. SPY - Performance Comparison
Key characteristics
LIRIX:
1.24
SPY:
0.70
LIRIX:
1.80
SPY:
1.11
LIRIX:
1.24
SPY:
1.17
LIRIX:
1.41
SPY:
0.75
LIRIX:
6.23
SPY:
2.96
LIRIX:
1.53%
SPY:
4.74%
LIRIX:
7.63%
SPY:
20.05%
LIRIX:
-21.06%
SPY:
-55.19%
LIRIX:
-0.94%
SPY:
-7.79%
Returns By Period
In the year-to-date period, LIRIX achieves a 1.96% return, which is significantly higher than SPY's -3.56% return. Over the past 10 years, LIRIX has underperformed SPY with an annualized return of 4.25%, while SPY has yielded a comparatively higher 12.25% annualized return.
LIRIX
1.96%
3.46%
1.77%
7.95%
4.80%
4.25%
SPY
-3.56%
11.52%
-0.47%
11.62%
16.42%
12.25%
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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.
Dividends
LIRIX vs. SPY - Dividend Comparison
LIRIX's dividend yield for the trailing twelve months is around 2.87%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRIX BlackRock LifePath Index Retirement Fund | 2.87% | 2.93% | 2.61% | 2.53% | 2.12% | 1.93% | 2.32% | 2.37% | 2.02% | 1.98% | 1.92% | 1.81% |
SPY SPDR S&P 500 ETF | 1.27% | 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 -21.06%, 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. For additional features, visit the drawdowns tool.
Volatility
LIRIX vs. SPY - Volatility Comparison
The current volatility for BlackRock LifePath Index Retirement Fund (LIRIX) is 4.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.12%. 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.