LIRIX vs. TIP
LIRIX (BlackRock LifePath Index Retirement Fund) and TIP (iShares TIPS Bond ETF) are both funds - LIRIX is a Target Retirement Date fund managed by BlackRock, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, LIRIX returned 5.66%/yr vs 2.33%/yr for TIP. Their 0.29 correlation means their historical movements had little consistent relationship. LIRIX charges 0.11%/yr vs 0.18%/yr for TIP.
Performance
LIRIX vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, LIRIX achieves a 4.65% return, which is significantly higher than TIP's 0.55% return. Over the past 10 years, LIRIX has outperformed TIP with an annualized return of 5.66%, while TIP has yielded a comparatively lower 2.33% annualized return.
LIRIX
- 1D
- -0.07%
- 1M
- -0.49%
- 6M
- 3.13%
- YTD
- 4.65%
- 1Y
- 10.34%
- 3Y*
- 9.01%
- 5Y*
- 3.59%
- 10Y*
- 5.66%
- ALL TIME*
- 5.39%
TIP
- 1D
- 0.01%
- 1M
- -0.63%
- 6M
- 0.29%
- YTD
- 0.55%
- 1Y
- 1.81%
- 3Y*
- 3.68%
- 5Y*
- 0.17%
- 10Y*
- 2.33%
- ALL TIME*
- 3.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $227.34M | $183.15M | $219.02M |
LIRIX vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIRIX BlackRock LifePath Index Retirement Fund | 4.65% | 12.41% | 6.04% | 11.50% | -15.31% | 6.69% | 11.40% | 15.84% | -3.54% | 10.68% |
TIP iShares TIPS Bond ETF | 0.55% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between LIRIX and TIP is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 31, 2011 | 0.29 |
Over the past year, LIRIX and TIP have become more correlated (0.54) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
LIRIX vs. TIP — Risk / Return Rank
LIRIX
TIP
LIRIX vs. TIP - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LIRIX | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.09 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 0.92 | +1.56 |
| Martin ratioReturn relative to average drawdown | 10.26 | 2.43 | +7.83 |
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Drawdowns
LIRIX vs. TIP - Drawdown Comparison
The maximum LIRIX drawdown since its inception was -20.49%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for LIRIX and TIP.
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Drawdown Indicators
| LIRIX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -14.57% | -5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.23% | -1.98% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.92% | -3.71% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -14.51% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -20.49% | -14.51% | -5.98% |
Current DrawdownCurrent decline from peak | -1.12% | -1.29% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -3.41% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.74% | +0.28% |
Volatility
LIRIX vs. TIP - Volatility Comparison
BlackRock LifePath Index Retirement Fund (LIRIX) has a higher volatility of 1.76% compared to iShares TIPS Bond ETF (TIP) at 0.71%. 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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Volatility by Period
| LIRIX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 0.71% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 2.52% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 3.33% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.91% | 6.20% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 5.72% | +1.79% |
LIRIX vs. TIP - Expense Ratio Comparison
LIRIX has a 0.11% expense ratio, which is lower than TIP's 0.18% 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%.
Dividends
LIRIX vs. TIP - Dividend Comparison
LIRIX's dividend yield for the trailing twelve months is around 5.31%, more than TIP's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRIX BlackRock LifePath Index Retirement Fund | 5.31% | 3.83% | 2.02% | 2.62% | 2.69% | 2.68% | 1.93% | 2.43% | 2.44% | 2.22% | 2.47% | 2.92% |
TIP iShares TIPS Bond ETF | 4.98% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
LIRIX and TIP have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIRIX has higher volatility (1.76%) compared to TIP (0.71%). In terms of maximum drawdown, LIRIX dropped -20.49% vs TIP's -14.57%.
LIRIX currently has the higher Sharpe Ratio (1.72 vs 0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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