LPVIX vs. TRRNX
LPVIX (BlackRock LifePath Dynamic 2055 Fund) and TRRNX (T. Rowe Price Retirement 2055 Fund) are both Target Retirement Date funds. Over the past 10 years, LPVIX returned 10.93%/yr vs 10.76%/yr for TRRNX. Their correlation of 0.95 means they have usually moved in the same direction. LPVIX charges 0.50%/yr vs 0.63%/yr for TRRNX.
Performance
LPVIX vs. TRRNX - Performance Comparison
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Returns By Period
In the year-to-date period, LPVIX achieves a 12.02% return, which is significantly higher than TRRNX's 10.95% return. Both investments have delivered pretty close results over the past 10 years, with LPVIX having a 10.93% annualized return and TRRNX not far behind at 10.76%.
LPVIX
- 1D
- 2.69%
- 1M
- 0.27%
- 6M
- 8.32%
- YTD
- 12.02%
- 1Y
- 24.19%
- 3Y*
- 15.02%
- 5Y*
- 8.66%
- 10Y*
- 10.93%
- ALL TIME*
- 10.91%
TRRNX
- 1D
- 1.77%
- 1M
- -0.04%
- 6M
- 5.96%
- YTD
- 10.95%
- 1Y
- 17.62%
- 3Y*
- 14.46%
- 5Y*
- 7.92%
- 10Y*
- 10.76%
- ALL TIME*
- 8.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LPVIX vs. TRRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPVIX BlackRock LifePath Dynamic 2055 Fund | 12.02% | 20.90% | 8.18% | 22.40% | -18.77% | 17.88% | 14.44% | 26.49% | -8.37% | 21.95% |
TRRNX T. Rowe Price Retirement 2055 Fund | 10.95% | 14.33% | 14.24% | 20.88% | -19.17% | 17.42% | 18.54% | 25.40% | -7.70% | 20.78% |
Correlation
The correlation between LPVIX and TRRNX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2010 | 0.95 |
The correlation between LPVIX and TRRNX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
LPVIX vs. TRRNX — Risk / Return Rank
LPVIX
TRRNX
LPVIX vs. TRRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2055 Fund (LPVIX) and T. Rowe Price Retirement 2055 Fund (TRRNX). 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.
| LPVIX | TRRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.64 | +0.62 |
| Martin ratioReturn relative to average drawdown | 9.28 | 6.65 | +2.63 |
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Drawdowns
LPVIX vs. TRRNX - Drawdown Comparison
The maximum LPVIX drawdown since its inception was -34.31%, smaller than the maximum TRRNX drawdown of -53.59%. Use the drawdown chart below to compare losses from any high point for LPVIX and TRRNX.
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Drawdown Indicators
| LPVIX | TRRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -53.59% | +19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -9.84% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -22.45% | -15.61% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.01% | -28.03% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.31% | -32.54% | -1.77% |
Current DrawdownCurrent decline from peak | -1.62% | -0.98% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -7.52% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.40% | +0.01% |
Volatility
LPVIX vs. TRRNX - Volatility Comparison
BlackRock LifePath Dynamic 2055 Fund (LPVIX) has a higher volatility of 4.58% compared to T. Rowe Price Retirement 2055 Fund (TRRNX) at 3.49%. This indicates that LPVIX's price experiences larger fluctuations and is considered to be riskier than TRRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPVIX | TRRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 3.49% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 11.03% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 13.59% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 15.46% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 15.52% | +1.03% |
LPVIX vs. TRRNX - Expense Ratio Comparison
LPVIX has a 0.50% expense ratio, which is lower than TRRNX's 0.63% expense ratio.
Dividends
LPVIX vs. TRRNX - Dividend Comparison
LPVIX's dividend yield for the trailing twelve months is around 4.81%, while TRRNX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPVIX BlackRock LifePath Dynamic 2055 Fund | 4.81% | 5.39% | 0.72% | 2.99% | 2.53% | 11.79% | 1.19% | 4.83% | 10.40% | 9.61% | 1.93% | 3.84% |
TRRNX T. Rowe Price Retirement 2055 Fund | 0.00% | 0.00% | 1.77% | 3.81% | 7.01% | 5.83% | 3.40% | 5.41% | 7.55% | 2.12% | 2.62% | 3.50% |
Frequently Asked Questions
With a correlation of 0.94, LPVIX and TRRNX 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.
LPVIX has higher volatility (4.58%) compared to TRRNX (3.49%). In terms of maximum drawdown, LPVIX dropped -34.31% vs TRRNX's -53.59%.
LPVIX currently has the higher Sharpe Ratio (1.44 vs 1.19), 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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