LIVIX vs. IVV
LIVIX (BlackRock LifePath Index 2055 Fund) and IVV (iShares Core S&P 500 ETF) are both funds - LIVIX is a Target Retirement Date fund managed by BlackRock, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, LIVIX returned 11.99%/yr vs 15.47%/yr for IVV. With a 0.95 correlation, they move nearly in lockstep. LIVIX charges 0.10%/yr vs 0.03%/yr for IVV.
Performance
LIVIX vs. IVV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LIVIX achieves a 10.64% return, which is significantly higher than IVV's 9.08% return. Over the past 10 years, LIVIX has underperformed IVV with an annualized return of 11.99%, while IVV has yielded a comparatively higher 15.47% annualized return.
LIVIX
- 1D
- 2.40%
- 1M
- 1.51%
- YTD
- 10.64%
- 6M
- 11.33%
- 1Y
- 26.62%
- 3Y*
- 18.60%
- 5Y*
- 9.73%
- 10Y*
- 11.99%
IVV
- 1D
- 0.55%
- 1M
- 0.36%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
LIVIX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIVIX BlackRock LifePath Index 2055 Fund | 10.64% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between LIVIX and IVV is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.95 |
The correlation between LIVIX and IVV has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LIVIX vs. IVV — Risk / Return Rank
LIVIX
IVV
LIVIX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2055 Fund (LIVIX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.76 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.79 | 12.43 | -0.65 |
Loading charts...
Drawdowns
LIVIX vs. IVV - Drawdown Comparison
The maximum LIVIX drawdown since its inception was -34.44%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for LIVIX and IVV.
Loading charts...
Drawdown Indicators
| LIVIX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -55.25% | +20.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -8.89% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.39% | -18.75% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.45% | -24.53% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.44% | -33.90% | -0.54% |
Current DrawdownCurrent decline from peak | -2.17% | -2.35% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -10.77% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.97% | +0.21% |
Volatility
LIVIX vs. IVV - Volatility Comparison
BlackRock LifePath Index 2055 Fund (LIVIX) has a higher volatility of 5.27% compared to iShares Core S&P 500 ETF (IVV) at 4.37%. This indicates that LIVIX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LIVIX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 4.37% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 9.59% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 12.28% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 16.95% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 18.08% | -1.32% |
LIVIX vs. IVV - Expense Ratio Comparison
LIVIX has a 0.10% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison
LIVIX's dividend yield for the trailing twelve months is around 2.24%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
LIVIX BlackRock LifePath Index 2055 Fund | 2.24% | 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
With a correlation of 0.95, LIVIX and IVV 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.
LIVIX has higher volatility (5.27%) compared to IVV (4.37%). In terms of maximum drawdown, LIVIX dropped -34.44% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.00 vs 1.94), 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.
Find the right allocation for LIVIX and IVV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer