LIVIX vs. BDJ

Last updated Jun 4, 2026

LIVIX (BlackRock LifePath Index 2055 Fund) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - LIVIX is a Target Retirement Date fund managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, LIVIX returned 12.04%/yr vs 10.11%/yr for BDJ. A 0.72 correlation means they provide meaningful diversification when combined. LIVIX charges 0.10%/yr vs 0.86%/yr for BDJ.

Performance

LIVIX vs. BDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2055 Fund (LIVIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIVIX achieves a 13.10% return, which is significantly higher than BDJ's 0.25% return. Over the past 10 years, LIVIX has outperformed BDJ with an annualized return of 12.04%, while BDJ has yielded a comparatively lower 10.11% annualized return.

LIVIX

• 1D: 0.47%
• 1M: 5.62%
• YTD: 13.10%
• 6M: 13.99%
• 1Y: 29.98%
• 3Y*: 19.96%
• 5Y*: 10.51%
• 10Y*: 12.04%

BDJ

• 1D: 0.22%
• 1M: 1.45%
• YTD: 0.25%
• 6M: 6.07%
• 1Y: 17.25%
• 3Y*: 13.78%
• 5Y*: 6.76%
• 10Y*: 10.11%

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

LIVIX vs. BDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIVIX BlackRock LifePath Index 2055 Fund	13.10%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%
BDJ BlackRock Enhanced Equity Dividend Fund	0.25%	26.12%	16.87%	-6.67%	0.83%	26.56%	-7.58%	37.43%	-10.42%	20.78%

Correlation

The correlation between LIVIX and BDJ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	0.72

The correlation between LIVIX and BDJ has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

LIVIX vs. BDJ — 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: 70
LIVIX Sortino Ratio Rank: 65
LIVIX Omega Ratio Rank: 62
LIVIX Calmar Ratio Rank: 70
LIVIX Martin Ratio Rank: 76

BDJ

BDJ Risk / Return Rank: 22
BDJ Sharpe Ratio Rank: 26
BDJ Sortino Ratio Rank: 25
BDJ Omega Ratio Rank: 24
BDJ Calmar Ratio Rank: 16
BDJ Martin Ratio Rank: 19

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. BDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2055 Fund (LIVIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.

	LIVIX	BDJ	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.45	+0.97
Sortino ratio: Return per unit of downside risk	3.37	2.09	+1.28
Omega ratio: Gain probability vs. loss probability	1.44	1.25	+0.19
Calmar ratio: Return relative to maximum drawdown	3.22	1.41	+1.81
Martin ratio: Return relative to average drawdown	14.29	5.21	+9.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIVIX vs. BDJ - Sharpe Ratio Comparison

The current LIVIX Sharpe Ratio is 2.43, which is higher than the BDJ Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of LIVIX and BDJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIVIX	BDJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.45	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.42	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.55	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.31	+0.33

Drawdowns

LIVIX vs. BDJ - Drawdown Comparison

The maximum LIVIX drawdown since its inception was -34.44%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for LIVIX and BDJ.

Drawdown Indicators

	LIVIX	BDJ	Difference
Max Drawdown Largest peak-to-trough decline	-34.44%	-59.46%	+25.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-12.28%	+2.84%
Max Drawdown (3Y) Largest decline over 3 years	-17.39%	-15.70%	-1.69%
Max Drawdown (5Y) Largest decline over 5 years	-26.45%	-21.39%	-5.06%
Max Drawdown (10Y) Largest decline over 10 years	-34.44%	-48.14%	+13.70%
Current Drawdown Current decline from peak	0.00%	-3.29%	+3.29%
Average Drawdown Average peak-to-trough decline	-4.52%	-8.96%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.32%	-1.19%

Volatility

LIVIX vs. BDJ - Volatility Comparison

BlackRock LifePath Index 2055 Fund (LIVIX) has a higher volatility of 3.86% compared to BlackRock Enhanced Equity Dividend Fund (BDJ) at 3.38%. This indicates that LIVIX's price experiences larger fluctuations and is considered to be riskier than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIVIX	BDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.38%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	9.32%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	11.92%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	16.17%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	18.41%	-1.69%

LIVIX vs. BDJ - Expense Ratio Comparison

LIVIX has a 0.10% expense ratio, which is lower than BDJ's 0.86% expense ratio.

Dividends

LIVIX vs. BDJ - Dividend Comparison

LIVIX's dividend yield for the trailing twelve months is around 2.19%, less than BDJ's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDJ BlackRock Enhanced Equity Dividend Fund	9.31%	9.03%	8.21%	9.49%	12.18%	5.95%	7.08%	6.66%	7.21%	6.07%	6.88%	7.36%
LIVIX BlackRock LifePath Index 2055 Fund	2.19%	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 BDJ in my portfolio?

LIVIX and BDJ have a correlation of 0.68, 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 BDJ?

LIVIX has higher volatility (3.86%) compared to BDJ (3.38%). In terms of maximum drawdown, LIVIX dropped -34.44% vs BDJ's -59.46%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (2.43 vs 1.45), 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.