LPHIX vs. WFSPX
LPHIX (BlackRock LifePath Dynamic 2045 Fund) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - LPHIX is a Target Retirement Date fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, LPHIX returned 11.11%/yr vs 15.68%/yr for WFSPX. Their correlation of 0.93 suggests significant overlap in exposure. LPHIX charges 0.47%/yr vs 0.03%/yr for WFSPX.
Performance
LPHIX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, LPHIX achieves a 11.24% return, which is significantly higher than WFSPX's 9.77% return. Over the past 10 years, LPHIX has underperformed WFSPX with an annualized return of 11.11%, while WFSPX has yielded a comparatively higher 15.68% annualized return.
LPHIX
- 1D
- -0.09%
- 1M
- 1.34%
- YTD
- 11.24%
- 6M
- 10.49%
- 1Y
- 24.30%
- 3Y*
- 15.29%
- 5Y*
- 7.96%
- 10Y*
- 11.11%
WFSPX
- 1D
- -0.36%
- 1M
- 0.10%
- YTD
- 9.77%
- 6M
- 8.77%
- 1Y
- 25.45%
- 3Y*
- 21.35%
- 5Y*
- 13.57%
- 10Y*
- 15.68%
LPHIX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPHIX BlackRock LifePath Dynamic 2045 Fund | 11.24% | 18.46% | 6.12% | 21.28% | -17.70% | 17.37% | 13.99% | 26.39% | -8.12% | 21.70% |
WFSPX iShares S&P 500 Index Fund Class K | 9.77% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between LPHIX and WFSPX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2010 | 0.93 |
The correlation between LPHIX and WFSPX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
LPHIX vs. WFSPX — Risk / Return Rank
LPHIX
WFSPX
LPHIX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2045 Fund (LPHIX) and iShares S&P 500 Index Fund Class K (WFSPX). 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.
| LPHIX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.01 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.89 | 13.58 | -0.69 |
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Drawdowns
LPHIX vs. WFSPX - Drawdown Comparison
The maximum LPHIX drawdown since its inception was -34.35%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for LPHIX and WFSPX.
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Drawdown Indicators
| LPHIX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -58.21% | +23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -8.90% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.26% | -18.74% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -24.51% | -1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | -33.74% | -0.61% |
Current DrawdownCurrent decline from peak | -0.63% | -1.72% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -12.76% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.97% | +0.01% |
Volatility
LPHIX vs. WFSPX - Volatility Comparison
BlackRock LifePath Dynamic 2045 Fund (LPHIX) has a higher volatility of 5.01% compared to iShares S&P 500 Index Fund Class K (WFSPX) at 4.67%. This indicates that LPHIX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPHIX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 4.67% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 9.83% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 12.49% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 16.97% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 18.07% | -2.24% |
LPHIX vs. WFSPX - Expense Ratio Comparison
LPHIX has a 0.47% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
LPHIX vs. WFSPX - Dividend Comparison
LPHIX's dividend yield for the trailing twelve months is around 5.20%, more than WFSPX's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPHIX BlackRock LifePath Dynamic 2045 Fund | 5.20% | 5.78% | 1.10% | 3.13% | 2.54% | 12.37% | 1.92% | 5.15% | 11.30% | 9.47% | 2.01% | 4.78% |
WFSPX iShares S&P 500 Index Fund Class K | 1.59% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
With a correlation of 0.94, LPHIX and WFSPX 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.
LPHIX has higher volatility (5.01%) compared to WFSPX (4.67%). In terms of maximum drawdown, LPHIX dropped -34.35% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.15 vs 2.00), 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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