LPJIX vs. FFANX
LPJIX (BlackRock LifePath Dynamic 2035 Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - LPJIX is a Target Retirement Date fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, LPJIX returned 9.24%/yr vs 6.99%/yr for FFANX. Their correlation of 0.93 suggests significant overlap in exposure. LPJIX charges 0.48%/yr vs 0.52%/yr for FFANX.
Performance
LPJIX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, LPJIX achieves a 8.29% return, which is significantly higher than FFANX's 7.45% return. Over the past 10 years, LPJIX has outperformed FFANX with an annualized return of 9.24%, while FFANX has yielded a comparatively lower 6.99% annualized return.
LPJIX
- 1D
- -0.21%
- 1M
- 0.92%
- YTD
- 8.29%
- 6M
- 7.76%
- 1Y
- 18.58%
- 3Y*
- 12.09%
- 5Y*
- 5.75%
- 10Y*
- 9.24%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
LPJIX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPJIX BlackRock LifePath Dynamic 2035 Fund | 8.29% | 15.27% | 4.57% | 17.50% | -16.57% | 12.73% | 13.52% | 23.67% | -6.36% | 18.98% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between LPJIX and FFANX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
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 LPJIX and FFANX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
LPJIX vs. FFANX — Risk / Return Rank
LPJIX
FFANX
LPJIX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2035 Fund (LPJIX) and Fidelity Asset Manager 40% Fund (FFANX). 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.
| LPJIX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.27 | -0.33 |
| Martin ratioReturn relative to average drawdown | 12.48 | 13.95 | -1.47 |
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Drawdowns
LPJIX vs. FFANX - Drawdown Comparison
The maximum LPJIX drawdown since its inception was -29.86%, smaller than the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for LPJIX and FFANX.
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Drawdown Indicators
| LPJIX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.86% | -31.69% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -5.20% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -7.55% | -9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -23.71% | -18.52% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -29.86% | -18.52% | -11.34% |
Current DrawdownCurrent decline from peak | -0.64% | -0.13% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -3.79% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.22% | +0.34% |
Volatility
LPJIX vs. FFANX - Volatility Comparison
BlackRock LifePath Dynamic 2035 Fund (LPJIX) has a higher volatility of 3.97% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that LPJIX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPJIX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 2.94% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 6.01% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 7.09% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 7.94% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 7.74% | +5.23% |
LPJIX vs. FFANX - Expense Ratio Comparison
LPJIX has a 0.48% expense ratio, which is lower than FFANX's 0.52% expense ratio.
Dividends
LPJIX vs. FFANX - Dividend Comparison
LPJIX's dividend yield for the trailing twelve months is around 3.67%, which matches FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
LPJIX BlackRock LifePath Dynamic 2035 Fund | 3.67% | 3.98% | 0.77% | 3.17% | 2.12% | 11.29% | 1.89% | 5.20% | 11.21% | 8.99% | 1.89% | 4.52% |
Frequently Asked Questions
With a correlation of 0.96, LPJIX and FFANX 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.
LPJIX has higher volatility (3.97%) compared to FFANX (2.94%). In terms of maximum drawdown, LPJIX dropped -29.86% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 1.96), 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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