LPJIX vs. TRRJX
LPJIX (BlackRock LifePath Dynamic 2035 Fund) and TRRJX (T. Rowe Price Retirement 2035 Fund) are both Target Retirement Date funds. Over the past 10 years, LPJIX returned 9.24%/yr vs 10.16%/yr for TRRJX. Their correlation of 0.95 suggests significant overlap in exposure. LPJIX charges 0.48%/yr vs 0.59%/yr for TRRJX.
Performance
LPJIX vs. TRRJX - Performance Comparison
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Returns By Period
In the year-to-date period, LPJIX achieves a 8.29% return, which is significantly lower than TRRJX's 8.90% return. Over the past 10 years, LPJIX has underperformed TRRJX with an annualized return of 9.24%, while TRRJX has yielded a comparatively higher 10.16% 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%
TRRJX
- 1D
- -0.12%
- 1M
- 1.15%
- YTD
- 8.90%
- 6M
- 8.39%
- 1Y
- 15.00%
- 3Y*
- 13.67%
- 5Y*
- 6.45%
- 10Y*
- 10.16%
LPJIX vs. TRRJX - 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% |
TRRJX T. Rowe Price Retirement 2035 Fund | 8.90% | 10.96% | 11.99% | 18.14% | -17.96% | 15.21% | 17.04% | 23.72% | -6.95% | 20.89% |
Correlation
The correlation between LPJIX and TRRJX is 0.93, 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 | 0.93 |
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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2010 | 0.95 |
The correlation between LPJIX and TRRJX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
LPJIX vs. TRRJX — Risk / Return Rank
LPJIX
TRRJX
LPJIX vs. TRRJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2035 Fund (LPJIX) and T. Rowe Price Retirement 2035 Fund (TRRJX). 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 | TRRJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.99 | +0.95 |
| Martin ratioReturn relative to average drawdown | 12.48 | 7.60 | +4.88 |
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Drawdowns
LPJIX vs. TRRJX - Drawdown Comparison
The maximum LPJIX drawdown since its inception was -29.86%, smaller than the maximum TRRJX drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for LPJIX and TRRJX.
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Drawdown Indicators
| LPJIX | TRRJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.86% | -53.57% | +23.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -8.06% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -12.52% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.71% | -25.85% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -29.86% | -30.14% | +0.28% |
Current DrawdownCurrent decline from peak | -0.64% | -0.39% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -6.63% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.09% | -0.53% |
Volatility
LPJIX vs. TRRJX - Volatility Comparison
BlackRock LifePath Dynamic 2035 Fund (LPJIX) and T. Rowe Price Retirement 2035 Fund (TRRJX) have volatilities of 3.97% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPJIX | TRRJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.85% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 9.37% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 10.98% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 12.92% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 13.57% | -0.60% |
LPJIX vs. TRRJX - Expense Ratio Comparison
LPJIX has a 0.48% expense ratio, which is lower than TRRJX's 0.59% expense ratio.
Dividends
LPJIX vs. TRRJX - Dividend Comparison
LPJIX's dividend yield for the trailing twelve months is around 3.67%, while TRRJX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRRJX T. Rowe Price Retirement 2035 Fund | 0.00% | 0.00% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 2.89% | 4.05% |
Frequently Asked Questions
With a correlation of 0.93, LPJIX and TRRJX 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 TRRJX (3.85%). In terms of maximum drawdown, LPJIX dropped -29.86% vs TRRJX's -53.57%.
LPJIX currently has the higher Sharpe Ratio (1.96 vs 1.46), 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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