Correlation
The correlation between LIRIX and TIP is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
LIRIX vs. TIP
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund (LIRIX) and iShares TIPS Bond ETF (TIP).
LIRIX is managed by Blackrock. It was launched on May 30, 2011. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LIRIX or TIP.
Performance
LIRIX vs. TIP - Performance Comparison
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Key characteristics
LIRIX:
1.19
TIP:
1.25
LIRIX:
1.62
TIP:
1.74
LIRIX:
1.22
TIP:
1.22
LIRIX:
1.42
TIP:
0.60
LIRIX:
5.74
TIP:
3.74
LIRIX:
1.49%
TIP:
1.62%
LIRIX:
7.63%
TIP:
4.75%
LIRIX:
-20.48%
TIP:
-14.56%
LIRIX:
-0.00%
TIP:
-4.46%
Returns By Period
The year-to-date returns for both investments are quite close, with LIRIX having a 3.56% return and TIP slightly higher at 3.73%. Over the past 10 years, LIRIX has outperformed TIP with an annualized return of 4.83%, while TIP has yielded a comparatively lower 2.43% annualized return.
LIRIX
3.56%
1.78%
1.28%
8.46%
5.30%
4.71%
4.83%
TIP
3.73%
-0.29%
1.95%
5.47%
0.76%
1.39%
2.43%
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LIRIX vs. TIP - Expense Ratio Comparison
LIRIX has a 0.11% expense ratio, which is lower than TIP's 0.19% expense ratio. Despite the difference, 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. TIP — Risk-Adjusted Performance Rank
LIRIX
TIP
LIRIX vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund (LIRIX) and iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
LIRIX's dividend yield for the trailing twelve months is around 2.92%, which matches TIP's 2.90% 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% |
TIP iShares TIPS Bond ETF | 2.90% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
Drawdowns
LIRIX vs. TIP - Drawdown Comparison
The maximum LIRIX drawdown since its inception was -20.48%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for LIRIX and TIP.
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Volatility
LIRIX vs. TIP - Volatility Comparison
BlackRock LifePath Index Retirement Fund (LIRIX) has a higher volatility of 1.66% compared to iShares TIPS Bond ETF (TIP) at 1.50%. This indicates that LIRIX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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