LIZKX vs. VTMSX

Last updated Aug 1, 2026

LIZKX (BlackRock LifePath Index 2060 Fund Class K) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both mutual funds - LIZKX is a Target Retirement Date fund tracking the BlackRock LifePath Index 2060 Custom Benchmark (USD), while VTMSX is a Small Cap Blend Equities fund managed by BlackRock. Over the past 5 years, LIZKX returned 9.84%/yr vs 7.52%/yr for VTMSX. Their correlation of 0.80 means they have usually moved in the same direction. Both charge a 0.09% expense ratio.

Performance

LIZKX vs. VTMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2060 Fund Class K (LIZKX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIZKX achieves a 11.18% return, which is significantly lower than VTMSX's 21.93% return.

LIZKX

• 1D: 2.07%
• 1M: -0.51%
• 6M: 7.78%
• YTD: 11.18%
• 1Y: 23.50%
• 3Y*: 16.93%
• 5Y*: 9.84%
• 10Y*: —
• ALL TIME*: 12.00%

VTMSX

• 1D: 0.86%
• 1M: -0.56%
• 6M: 15.49%
• YTD: 21.93%
• 1Y: 36.13%
• 3Y*: 13.30%
• 5Y*: 7.52%
• 10Y*: 10.75%
• ALL TIME*: 10.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIZKX BlackRock LifePath Index 2060 Fund Class K	$0.00	$0.00	$0.00
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	$0.00	$0.00	$0.00

LIZKX vs. VTMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIZKX BlackRock LifePath Index 2060 Fund Class K	11.18%	21.70%	14.01%	21.67%	-18.33%	18.79%	15.07%	26.93%	-7.84%	20.66%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	21.93%	5.93%	8.61%	15.95%	-16.16%	27.08%	11.05%	23.28%	-8.62%	13.05%

Correlation

The correlation between LIZKX and VTMSX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.80

The correlation between LIZKX and VTMSX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

LIZKX vs. VTMSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIZKX

LIZKX Risk / Return Rank: 65
LIZKX Sharpe Ratio Rank: 62
LIZKX Sortino Ratio Rank: 60
LIZKX Omega Ratio Rank: 60
LIZKX Calmar Ratio Rank: 67
LIZKX Martin Ratio Rank: 77

VTMSX

VTMSX Risk / Return Rank: 84
VTMSX Sharpe Ratio Rank: 80
VTMSX Sortino Ratio Rank: 81
VTMSX Omega Ratio Rank: 76
VTMSX Calmar Ratio Rank: 93
VTMSX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LIZKX vs. VTMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2060 Fund Class K (LIZKX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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	VTMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.87	-0.32
Sortino ratio: Return per unit of downside risk	2.20	2.77	-0.57
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.27	3.79	-1.52
Martin ratio: Return relative to average drawdown	9.53	12.88	-3.35

LIZKX vs. VTMSX - Sharpe Ratio Comparison

The current LIZKX Sharpe Ratio is 1.55, which is comparable to the VTMSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of LIZKX and VTMSX, 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. VTMSX - Drawdown Comparison

The maximum LIZKX drawdown since its inception was -34.39%, smaller than the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for LIZKX and VTMSX.

Drawdown Indicators

	LIZKX	VTMSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-57.84%	+23.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-8.59%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-17.24%	-27.93%	+10.69%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-27.93%	+1.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.88%	—
Current Drawdown Current decline from peak	-1.81%	-1.82%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.87%	-8.88%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.53%	-0.27%

Volatility

LIZKX vs. VTMSX - Volatility Comparison

BlackRock LifePath Index 2060 Fund Class K (LIZKX) has a higher volatility of 3.96% compared to Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) at 3.47%. This indicates that LIZKX's price experiences larger fluctuations and is considered to be riskier than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIZKX	VTMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	3.47%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	11.67%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	17.40%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	21.32%	-5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	23.07%	-6.13%

LIZKX vs. VTMSX - Expense Ratio Comparison

Both LIZKX and VTMSX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LIZKX vs. VTMSX - Dividend Comparison

LIZKX's dividend yield for the trailing twelve months is around 2.02%, more than VTMSX's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIZKX BlackRock LifePath Index 2060 Fund Class K	2.02%	2.20%	0.00%	2.06%	1.86%	2.01%	1.57%	2.53%	2.27%	2.08%	0.00%	0.00%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	1.19%	1.28%	1.44%	1.50%	1.51%	1.16%	1.09%	1.15%	1.26%	1.11%	1.01%	1.26%

Frequently Asked Questions

Can I hold both LIZKX and VTMSX in my portfolio?

LIZKX and VTMSX have a correlation of 0.78, 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 VTMSX?

LIZKX has higher volatility (3.96%) compared to VTMSX (3.47%). In terms of maximum drawdown, LIZKX dropped -34.39% vs VTMSX's -57.84%.

Which has better risk-adjusted returns?

VTMSX currently has the higher Sharpe Ratio (1.87 vs 1.55), 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.