LIZKX vs. BDJ

Last updated Jun 23, 2026

LIZKX (BlackRock LifePath Index 2060 Fund Class K) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - LIZKX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2060 Custom Benchmark (USD), while BDJ is a Derivative Income fund managed by BlackRock. Over the past 5 years, LIZKX returned 10.78%/yr vs 8.00%/yr for BDJ. A 0.70 correlation means they provide meaningful diversification when combined. LIZKX charges 0.09%/yr vs 0.86%/yr for BDJ.

Performance

LIZKX vs. BDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2060 Fund Class K (LIZKX) 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, LIZKX achieves a 12.65% return, which is significantly higher than BDJ's 2.24% return.

LIZKX

• 1D: 1.19%
• 1M: 1.83%
• YTD: 12.65%
• 6M: 12.30%
• 1Y: 29.64%
• 3Y*: 18.82%
• 5Y*: 10.78%
• 10Y*: —

BDJ

• 1D: 0.65%
• 1M: 2.09%
• YTD: 2.24%
• 6M: 3.88%
• 1Y: 19.84%
• 3Y*: 14.45%
• 5Y*: 8.00%
• 10Y*: 10.56%

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

LIZKX vs. BDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIZKX BlackRock LifePath Index 2060 Fund Class K	12.65%	21.70%	14.01%	21.67%	-18.33%	18.79%	15.07%	26.93%	-7.84%	20.66%
BDJ BlackRock Enhanced Equity Dividend Fund	2.24%	26.12%	16.87%	-6.67%	0.83%	26.56%	-7.58%	37.43%	-10.42%	20.78%

Correlation

The correlation between LIZKX and BDJ is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.70

The correlation between LIZKX and BDJ has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Return for Risk

LIZKX vs. BDJ — Risk / Return Rank

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

LIZKX

LIZKX Risk / Return Rank: 67
LIZKX Sharpe Ratio Rank: 66
LIZKX Sortino Ratio Rank: 62
LIZKX Omega Ratio Rank: 62
LIZKX Calmar Ratio Rank: 70
LIZKX Martin Ratio Rank: 77

BDJ

BDJ Risk / Return Rank: 31
BDJ Sharpe Ratio Rank: 37
BDJ Sortino Ratio Rank: 36
BDJ Omega Ratio Rank: 34
BDJ Calmar Ratio Rank: 22
BDJ Martin Ratio Rank: 27

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.

LIZKX vs. BDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2060 Fund Class K (LIZKX) 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.

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.

	LIZKX	BDJ	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.64	+0.54
Sortino ratio: Return per unit of downside risk	3.00	2.31	+0.70
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	3.08	1.62	+1.46
Martin ratio: Return relative to average drawdown	13.38	5.91	+7.46

LIZKX vs. BDJ - Sharpe Ratio Comparison

The current LIZKX Sharpe Ratio is 2.18, which is higher than the BDJ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of LIZKX 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.

Drawdowns

LIZKX vs. BDJ - Drawdown Comparison

The maximum LIZKX drawdown since its inception was -34.39%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for LIZKX and BDJ.

Drawdown Indicators

	LIZKX	BDJ	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-59.46%	+25.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-12.28%	+2.78%
Max Drawdown (3Y) Largest decline over 3 years	-17.24%	-15.70%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-21.39%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.14%	—
Current Drawdown Current decline from peak	-0.52%	-1.38%	+0.86%
Average Drawdown Average peak-to-trough decline	-4.91%	-8.94%	+4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.36%	-1.18%

Volatility

LIZKX vs. BDJ - Volatility Comparison

BlackRock LifePath Index 2060 Fund Class K (LIZKX) has a higher volatility of 5.34% compared to BlackRock Enhanced Equity Dividend Fund (BDJ) at 3.42%. This indicates that LIZKX'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

	LIZKX	BDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	3.42%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	9.48%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	12.19%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	16.11%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	18.43%	-1.45%

LIZKX vs. BDJ - Expense Ratio Comparison

LIZKX has a 0.09% expense ratio, which is lower than BDJ's 0.86% expense ratio.

Dividends

LIZKX vs. BDJ - Dividend Comparison

LIZKX's dividend yield for the trailing twelve months is around 1.96%, less than BDJ's 9.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDJ BlackRock Enhanced Equity Dividend Fund	9.19%	9.03%	8.21%	9.49%	12.18%	5.95%	7.08%	6.66%	7.21%	6.07%	6.88%	7.36%
LIZKX BlackRock LifePath Index 2060 Fund Class K	1.96%	2.20%	0.00%	2.06%	1.86%	2.01%	1.57%	2.53%	2.27%	2.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LIZKX and BDJ in my portfolio?

LIZKX and BDJ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIZKX or BDJ?

LIZKX has higher volatility (5.34%) compared to BDJ (3.42%). In terms of maximum drawdown, LIZKX dropped -34.39% vs BDJ's -59.46%.

Which has better risk-adjusted returns?

LIZKX currently has the higher Sharpe Ratio (2.18 vs 1.64), 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.