LIWPX vs. ASFYX
LIWPX (BlackRock LifePath Index 2065 Fund) and ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) are both mutual funds - LIWPX is a Target Retirement Date fund managed by BlackRock, while ASFYX is a Systematic Trend fund actively managed by Virtus. Over the past 5 years, LIWPX returned 9.61%/yr vs 2.26%/yr for ASFYX. Their 0.19 correlation means their historical movements had little consistent relationship. LIWPX charges 0.35%/yr vs 1.45%/yr for ASFYX.
Performance
LIWPX vs. ASFYX - Performance Comparison
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Returns By Period
In the year-to-date period, LIWPX achieves a 10.94% return, which is significantly higher than ASFYX's 9.56% return.
LIWPX
- 1D
- 2.03%
- 1M
- -0.54%
- 6M
- 7.56%
- YTD
- 10.94%
- 1Y
- 23.13%
- 3Y*
- 16.71%
- 5Y*
- 9.61%
- 10Y*
- —
- ALL TIME*
- 12.30%
ASFYX
- 1D
- -0.35%
- 1M
- 1.07%
- 6M
- 5.34%
- YTD
- 9.56%
- 1Y
- 21.27%
- 3Y*
- -3.32%
- 5Y*
- 2.26%
- 10Y*
- 2.08%
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LIWPX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LIWPX BlackRock LifePath Index 2065 Fund | 10.94% | 21.32% | 14.17% | 21.22% | -18.52% | 18.51% | 15.12% | 5.67% |
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 9.56% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 0.32% |
Correlation
The correlation between LIWPX and ASFYX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.19 |
Over the past year, LIWPX and ASFYX have become more correlated (0.47) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
LIWPX vs. ASFYX — Risk / Return Rank
LIWPX
ASFYX
LIWPX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2065 Fund (LIWPX) and Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX). 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.
| LIWPX | ASFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.63 | -0.42 |
| Martin ratioReturn relative to average drawdown | 9.26 | 7.58 | +1.68 |
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Drawdowns
LIWPX vs. ASFYX - Drawdown Comparison
The maximum LIWPX drawdown since its inception was -33.12%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for LIWPX and ASFYX.
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Drawdown Indicators
| LIWPX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -36.43% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -7.42% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -30.32% | +13.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.57% | -36.43% | +9.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.43% | — |
Current DrawdownCurrent decline from peak | -1.90% | -22.26% | +20.36% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -13.26% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.57% | -0.29% |
Volatility
LIWPX vs. ASFYX - Volatility Comparison
BlackRock LifePath Index 2065 Fund (LIWPX) has a higher volatility of 4.00% compared to Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) at 2.89%. This indicates that LIWPX's price experiences larger fluctuations and is considered to be riskier than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIWPX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 2.89% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 9.77% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 12.62% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 13.79% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 12.74% | +5.77% |
LIWPX vs. ASFYX - Expense Ratio Comparison
LIWPX has a 0.35% expense ratio, which is lower than ASFYX's 1.45% expense ratio.
Dividends
LIWPX vs. ASFYX - Dividend Comparison
LIWPX's dividend yield for the trailing twelve months is around 1.41%, more than ASFYX's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 1.39% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
LIWPX BlackRock LifePath Index 2065 Fund | 1.41% | 1.57% | 0.00% | 1.76% | 1.50% | 1.58% | 1.13% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LIWPX and ASFYX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIWPX has higher volatility (4.00%) compared to ASFYX (2.89%). In terms of maximum drawdown, LIWPX dropped -33.12% vs ASFYX's -36.43%.
ASFYX currently has the higher Sharpe Ratio (1.55 vs 1.52), 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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