LPHIX vs. VTIVX
Compare and contrast key facts about BlackRock LifePath Dynamic 2045 Fund (LPHIX) and Vanguard Target Retirement 2045 Fund (VTIVX).
LPHIX is managed by BlackRock. It was launched on Jun 29, 2010. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Performance
LPHIX vs. VTIVX - Performance Comparison
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LPHIX vs. VTIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPHIX BlackRock LifePath Dynamic 2045 Fund | -3.39% | 18.46% | 6.12% | 21.28% | -17.70% | 17.37% | 13.99% | 26.39% | -8.12% | 21.70% |
VTIVX Vanguard Target Retirement 2045 Fund | -3.63% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 24.94% | -7.89% | 19.16% |
Returns By Period
In the year-to-date period, LPHIX achieves a -3.39% return, which is significantly higher than VTIVX's -3.63% return. Over the past 10 years, LPHIX has underperformed VTIVX with an annualized return of 9.43%, while VTIVX has yielded a comparatively higher 10.04% annualized return.
LPHIX
- 1D
- -0.21%
- 1M
- -8.09%
- YTD
- -3.39%
- 6M
- -1.30%
- 1Y
- 15.35%
- 3Y*
- 11.21%
- 5Y*
- 6.23%
- 10Y*
- 9.43%
VTIVX
- 1D
- -0.24%
- 1M
- -7.90%
- YTD
- -3.63%
- 6M
- -0.85%
- 1Y
- 16.12%
- 3Y*
- 13.91%
- 5Y*
- 7.66%
- 10Y*
- 10.04%
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LPHIX vs. VTIVX - Expense Ratio Comparison
LPHIX has a 0.47% expense ratio, which is higher than VTIVX's 0.08% expense ratio.
Return for Risk
LPHIX vs. VTIVX — Risk / Return Rank
LPHIX
VTIVX
LPHIX vs. VTIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2045 Fund (LPHIX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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.
| LPHIX | VTIVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.20 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.72 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.50 | -0.25 |
Martin ratioReturn relative to average drawdown | 6.02 | 6.90 | -0.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LPHIX | VTIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.20 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.57 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.68 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.51 | +0.08 |
Correlation
The correlation between LPHIX and VTIVX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LPHIX vs. VTIVX - Dividend Comparison
LPHIX's dividend yield for the trailing twelve months is around 5.99%, more than VTIVX's 2.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPHIX BlackRock LifePath Dynamic 2045 Fund | 5.99% | 5.78% | 1.10% | 3.13% | 2.54% | 12.37% | 1.92% | 5.15% | 11.30% | 9.47% | 2.01% | 4.78% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.59% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
Drawdowns
LPHIX vs. VTIVX - Drawdown Comparison
The maximum LPHIX drawdown since its inception was -34.35%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for LPHIX and VTIVX.
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Drawdown Indicators
| LPHIX | VTIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -51.69% | +17.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -9.73% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -25.10% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | -31.42% | -2.93% |
Current DrawdownCurrent decline from peak | -8.53% | -8.30% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -6.37% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.12% | +0.16% |
Volatility
LPHIX vs. VTIVX - Volatility Comparison
BlackRock LifePath Dynamic 2045 Fund (LPHIX) has a higher volatility of 5.19% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 4.36%. This indicates that LPHIX's price experiences larger fluctuations and is considered to be riskier than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPHIX | VTIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.36% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 7.85% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 13.55% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 13.41% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 14.75% | +0.97% |