LPWRX vs. BDMAX
LPWRX (BlackRock LifePath Dynamic 2065 Fund) and BDMAX (BlackRock Global Equity Market Neutral Fund) are both mutual funds - LPWRX is a Target Retirement Date fund managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 5 years, LPWRX returned 8.55%/yr vs 12.85%/yr for BDMAX. Their 0.15 correlation means their historical movements had little consistent relationship. LPWRX charges 0.93%/yr vs 1.60%/yr for BDMAX.
Performance
LPWRX vs. BDMAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LPWRX having a 11.74% return and BDMAX slightly higher at 11.82%.
LPWRX
- 1D
- 2.72%
- 1M
- 0.23%
- 6M
- 8.13%
- YTD
- 11.74%
- 1Y
- 23.69%
- 3Y*
- 15.02%
- 5Y*
- 8.55%
- 10Y*
- —
- ALL TIME*
- 11.18%
BDMAX
- 1D
- 1.16%
- 1M
- 1.62%
- 6M
- 10.73%
- YTD
- 11.82%
- 1Y
- 23.19%
- 3Y*
- 20.21%
- 5Y*
- 12.85%
- 10Y*
- 8.21%
- ALL TIME*
- 6.60%
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 |
LPWRX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LPWRX BlackRock LifePath Dynamic 2065 Fund | 11.74% | 20.43% | 8.99% | 22.14% | -18.94% | 17.84% | 13.47% | 5.28% |
BDMAX BlackRock Global Equity Market Neutral Fund | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -0.45% |
Correlation
The correlation between LPWRX and BDMAX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.15 |
Over the past year, LPWRX and BDMAX have become more correlated (0.43) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
LPWRX vs. BDMAX — Risk / Return Rank
LPWRX
BDMAX
LPWRX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2065 Fund (LPWRX) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| LPWRX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.60 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 7.28 | -5.10 |
| Martin ratioReturn relative to average drawdown | 8.91 | 19.24 | -10.33 |
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Drawdowns
LPWRX vs. BDMAX - Drawdown Comparison
The maximum LPWRX drawdown since its inception was -33.27%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for LPWRX and BDMAX.
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Drawdown Indicators
| LPWRX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -12.37% | -20.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -3.25% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -4.15% | -17.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.28% | -5.56% | -21.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.71% | — |
Current DrawdownCurrent decline from peak | -1.79% | -1.15% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -2.80% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.23% | +1.23% |
Volatility
LPWRX vs. BDMAX - Volatility Comparison
BlackRock LifePath Dynamic 2065 Fund (LPWRX) has a higher volatility of 4.64% compared to BlackRock Global Equity Market Neutral Fund (BDMAX) at 2.58%. This indicates that LPWRX's price experiences larger fluctuations and is considered to be riskier than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPWRX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.58% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 5.36% | +7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 7.39% | +8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 6.67% | +10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 5.90% | +12.71% |
LPWRX vs. BDMAX - Expense Ratio Comparison
LPWRX has a 0.93% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Dividends
LPWRX vs. BDMAX - Dividend Comparison
LPWRX's dividend yield for the trailing twelve months is around 2.04%, less than BDMAX's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
LPWRX BlackRock LifePath Dynamic 2065 Fund | 2.04% | 2.26% | 1.00% | 2.07% | 2.35% | 9.34% | 1.00% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LPWRX and BDMAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPWRX has higher volatility (4.64%) compared to BDMAX (2.58%). In terms of maximum drawdown, LPWRX dropped -33.27% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 1.40), 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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