LIRKX vs. DRIQX

Last updated Aug 1, 2026

LIRKX (BlackRock LifePath Index Retirement Fund) and DRIQX (Dimensional 2015 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, LIRKX returned 5.66%/yr vs 4.48%/yr for DRIQX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. LIRKX charges 0.09%/yr vs 0.17%/yr for DRIQX.

Performance

LIRKX vs. DRIQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index Retirement Fund (LIRKX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIRKX achieves a 4.72% return, which is significantly higher than DRIQX's 3.01% return. Over the past 10 years, LIRKX has outperformed DRIQX with an annualized return of 5.66%, while DRIQX has yielded a comparatively lower 4.48% annualized return.

LIRKX

• 1D: 0.79%
• 1M: -0.43%
• 6M: 3.20%
• YTD: 4.72%
• 1Y: 10.47%
• 3Y*: 8.85%
• 5Y*: 3.64%
• 10Y*: 5.66%
• ALL TIME*: 5.44%

DRIQX

• 1D: 0.35%
• 1M: -0.44%
• 6M: 1.84%
• YTD: 3.01%
• 1Y: 6.61%
• 3Y*: 6.44%
• 5Y*: 1.86%
• 10Y*: 4.48%
• ALL TIME*: 5.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRIQX Dimensional 2015 Target Date Retirement Income Fund	$0.00	$0.00	$0.00
LIRKX BlackRock LifePath Index Retirement Fund	$0.00	$0.00	$0.00

LIRKX vs. DRIQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIRKX BlackRock LifePath Index Retirement Fund	4.72%	12.48%	6.08%	11.48%	-15.21%	6.75%	11.46%	15.90%	-3.50%	10.75%
DRIQX Dimensional 2015 Target Date Retirement Income Fund	3.01%	8.83%	5.47%	8.17%	-14.79%	7.79%	14.31%	14.08%	-4.20%	7.82%

Correlation

The correlation between LIRKX and DRIQX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.79

The correlation between LIRKX and DRIQX shifts across timeframes, from 0.79 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LIRKX vs. DRIQX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIRKX

LIRKX Risk / Return Rank: 74
LIRKX Sharpe Ratio Rank: 71
LIRKX Sortino Ratio Rank: 71
LIRKX Omega Ratio Rank: 73
LIRKX Calmar Ratio Rank: 73
LIRKX Martin Ratio Rank: 82

DRIQX

DRIQX Risk / Return Rank: 53
DRIQX Sharpe Ratio Rank: 54
DRIQX Sortino Ratio Rank: 54
DRIQX Omega Ratio Rank: 54
DRIQX Calmar Ratio Rank: 48
DRIQX Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LIRKX vs. DRIQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund (LIRKX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). 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.

	LIRKX	DRIQX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.46	+0.26
Sortino ratio: Return per unit of downside risk	2.46	2.10	+0.36
Omega ratio: Gain probability vs. loss probability	1.33	1.27	+0.06
Calmar ratio: Return relative to maximum drawdown	2.45	1.90	+0.56
Martin ratio: Return relative to average drawdown	10.32	7.47	+2.85

LIRKX vs. DRIQX - Sharpe Ratio Comparison

The current LIRKX Sharpe Ratio is 1.71, which is comparable to the DRIQX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of LIRKX and DRIQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIRKX vs. DRIQX - Drawdown Comparison

The maximum LIRKX drawdown since its inception was -20.46%, roughly equal to the maximum DRIQX drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for LIRKX and DRIQX.

Drawdown Indicators

	LIRKX	DRIQX	Difference
Max Drawdown Largest peak-to-trough decline	-20.46%	-19.86%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	-4.23%	-3.47%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-6.86%	-5.12%	-1.74%
Max Drawdown (5Y) Largest decline over 5 years	-20.46%	-19.86%	-0.60%
Max Drawdown (10Y) Largest decline over 10 years	-20.46%	-19.86%	-0.60%
Current Drawdown Current decline from peak	-1.06%	-1.30%	+0.24%
Average Drawdown Average peak-to-trough decline	-2.81%	-3.84%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.88%	+0.12%

Volatility

LIRKX vs. DRIQX - Volatility Comparison

BlackRock LifePath Index Retirement Fund (LIRKX) has a higher volatility of 1.74% compared to Dimensional 2015 Target Date Retirement Income Fund (DRIQX) at 1.10%. This indicates that LIRKX's price experiences larger fluctuations and is considered to be riskier than DRIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIRKX	DRIQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	1.10%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	3.60%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	6.06%	4.52%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.90%	7.07%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.52%	6.58%	+0.94%

LIRKX vs. DRIQX - Expense Ratio Comparison

LIRKX has a 0.09% expense ratio, which is lower than DRIQX's 0.17% 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

LIRKX vs. DRIQX - Dividend Comparison

LIRKX's dividend yield for the trailing twelve months is around 5.36%, less than DRIQX's 6.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRIQX Dimensional 2015 Target Date Retirement Income Fund	6.36%	4.95%	4.53%	4.28%	6.51%	4.54%	3.76%	2.05%	2.23%	1.66%	1.37%	0.00%
LIRKX BlackRock LifePath Index Retirement Fund	5.36%	3.89%	2.06%	2.67%	2.75%	2.74%	1.98%	2.48%	2.50%	2.28%	2.53%	2.98%

Frequently Asked Questions

Can I hold both LIRKX and DRIQX in my portfolio?

With a correlation of 0.92, LIRKX and DRIQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LIRKX or DRIQX?

LIRKX has higher volatility (1.74%) compared to DRIQX (1.10%). In terms of maximum drawdown, LIRKX dropped -20.46% vs DRIQX's -19.86%.

Which has better risk-adjusted returns?

LIRKX currently has the higher Sharpe Ratio (1.71 vs 1.46), 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.