LIVIX vs. BATAX

Last updated Jun 24, 2026

LIVIX (BlackRock LifePath Index 2055 Fund) and BATAX (BlackRock Allocation Target Shares Series A Portfolio) are both mutual funds - LIVIX is a Target Retirement Date fund managed by BlackRock, while BATAX is a Short-Term Bond fund managed by BlackRock. Over the past 10 years, LIVIX returned 12.37%/yr vs 3.61%/yr for BATAX. At a 0.04 correlation, their price movements are largely independent. LIVIX charges 0.10%/yr vs 0.00%/yr for BATAX.

Performance

LIVIX vs. BATAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2055 Fund (LIVIX) and BlackRock Allocation Target Shares Series A Portfolio (BATAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIVIX achieves a 12.39% return, which is significantly higher than BATAX's 1.87% return. Over the past 10 years, LIVIX has outperformed BATAX with an annualized return of 12.37%, while BATAX has yielded a comparatively lower 3.61% annualized return.

LIVIX

• 1D: -0.09%
• 1M: 1.71%
• YTD: 12.39%
• 6M: 11.63%
• 1Y: 28.07%
• 3Y*: 19.49%
• 5Y*: 10.28%
• 10Y*: 12.37%

BATAX

• 1D: 0.00%
• 1M: 0.56%
• YTD: 1.87%
• 6M: 2.42%
• 1Y: 6.01%
• 3Y*: 6.66%
• 5Y*: 3.37%
• 10Y*: 3.61%

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

LIVIX vs. BATAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIVIX BlackRock LifePath Index 2055 Fund	12.39%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%
BATAX BlackRock Allocation Target Shares Series A Portfolio	1.87%	7.37%	7.34%	6.43%	-5.87%	1.72%	2.75%	6.76%	2.20%	5.21%

Correlation

The correlation between LIVIX and BATAX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.04

The correlation between LIVIX and BATAX shifts across timeframes, from 0.04 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LIVIX vs. BATAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIVIX

LIVIX Risk / Return Rank: 69
LIVIX Sharpe Ratio Rank: 68
LIVIX Sortino Ratio Rank: 64
LIVIX Omega Ratio Rank: 64
LIVIX Calmar Ratio Rank: 71
LIVIX Martin Ratio Rank: 77

BATAX

BATAX Risk / Return Rank: 97
BATAX Sharpe Ratio Rank: 94
BATAX Sortino Ratio Rank: 99
BATAX Omega Ratio Rank: 98
BATAX Calmar Ratio Rank: 97
BATAX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIVIX vs. BATAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2055 Fund (LIVIX) and BlackRock Allocation Target Shares Series A Portfolio (BATAX). 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.

	LIVIX	BATAX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	3.00	-0.79
Sortino ratio: Return per unit of downside risk	3.04	7.45	-4.40
Omega ratio: Gain probability vs. loss probability	1.40	2.12	-0.72
Calmar ratio: Return relative to maximum drawdown	3.11	6.57	-3.46
Martin ratio: Return relative to average drawdown	13.47	27.52	-14.04

LIVIX vs. BATAX - Sharpe Ratio Comparison

The current LIVIX Sharpe Ratio is 2.21, which is comparable to the BATAX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of LIVIX and BATAX, 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

LIVIX vs. BATAX - Drawdown Comparison

The maximum LIVIX drawdown since its inception was -34.44%, which is greater than BATAX's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for LIVIX and BATAX.

Drawdown Indicators

	LIVIX	BATAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.44%	-17.42%	-17.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-0.94%	-8.50%
Max Drawdown (3Y) Largest decline over 3 years	-17.39%	-1.15%	-16.24%
Max Drawdown (5Y) Largest decline over 5 years	-26.45%	-8.12%	-18.33%
Max Drawdown (10Y) Largest decline over 10 years	-34.44%	-17.42%	-17.02%
Current Drawdown Current decline from peak	-0.62%	-0.10%	-0.52%
Average Drawdown Average peak-to-trough decline	-4.51%	-1.30%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	0.22%	+1.95%

Volatility

LIVIX vs. BATAX - Volatility Comparison

BlackRock LifePath Index 2055 Fund (LIVIX) has a higher volatility of 5.12% compared to BlackRock Allocation Target Shares Series A Portfolio (BATAX) at 0.66%. This indicates that LIVIX's price experiences larger fluctuations and is considered to be riskier than BATAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIVIX	BATAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	0.66%	+4.46%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	1.45%	+9.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.29%	2.05%	+11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	2.18%	+13.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	3.07%	+13.69%

LIVIX vs. BATAX - Expense Ratio Comparison

LIVIX has a 0.10% expense ratio, which is higher than BATAX's 0.00% 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%.

Dividends

LIVIX vs. BATAX - Dividend Comparison

LIVIX's dividend yield for the trailing twelve months is around 2.21%, less than BATAX's 5.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BATAX BlackRock Allocation Target Shares Series A Portfolio	5.74%	5.92%	5.45%	3.91%	3.14%	1.82%	3.22%	4.73%	5.36%	4.10%	0.40%	0.00%
LIVIX BlackRock LifePath Index 2055 Fund	2.21%	2.48%	0.01%	2.04%	1.96%	2.04%	1.56%	2.95%	2.35%	2.27%	1.54%	2.88%

Frequently Asked Questions

Can I hold both LIVIX and BATAX in my portfolio?

LIVIX and BATAX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIVIX or BATAX?

LIVIX has higher volatility (5.12%) compared to BATAX (0.66%). In terms of maximum drawdown, LIVIX dropped -34.44% vs BATAX's -17.42%.

Which has better risk-adjusted returns?

BATAX currently has the higher Sharpe Ratio (3.00 vs 2.21), 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.