LVAMX vs. LIVIX

Last updated Aug 1, 2026

LVAMX (LSV U.S. Managed Volatility Fund) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - LVAMX is a Low Volatility fund managed by BlackRock, while LIVIX is a Target Retirement Date fund tracking the LifePath Index 2055 Fund Custom Benchmark. Over the past 10 years, LVAMX returned 7.84%/yr vs 11.45%/yr for LIVIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. LVAMX charges 0.94%/yr vs 0.14%/yr for LIVIX.

Performance

LVAMX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LSV U.S. Managed Volatility Fund (LVAMX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVAMX achieves a 15.50% return, which is significantly higher than LIVIX's 11.03% return. Over the past 10 years, LVAMX has underperformed LIVIX with an annualized return of 7.84%, while LIVIX has yielded a comparatively higher 11.45% annualized return.

LVAMX

• 1D: -0.71%
• 1M: 4.36%
• 6M: 12.28%
• YTD: 15.50%
• 1Y: 25.13%
• 3Y*: 11.22%
• 5Y*: 7.56%
• 10Y*: 7.84%
• ALL TIME*: 8.08%

LIVIX

• 1D: 2.03%
• 1M: -0.54%
• 6M: 7.67%
• YTD: 11.03%
• 1Y: 23.24%
• 3Y*: 16.68%
• 5Y*: 9.68%
• 10Y*: 11.45%
• ALL TIME*: 10.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares	$0.00	$0.00	$0.00
LVAMX LSV U.S. Managed Volatility Fund	$0.00	$0.00	$0.00

LVAMX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVAMX LSV U.S. Managed Volatility Fund	15.50%	15.33%	2.07%	4.16%	-2.66%	20.97%	-6.86%	22.91%	-2.17%	13.52%
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares	11.03%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between LVAMX and LIVIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Jun 26, 2014	0.79

Over the past year, the correlation between LVAMX and LIVIX has dropped to 0.51 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

LVAMX vs. LIVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LVAMX

LVAMX Risk / Return Rank: 93
LVAMX Sharpe Ratio Rank: 93
LVAMX Sortino Ratio Rank: 92
LVAMX Omega Ratio Rank: 86
LVAMX Calmar Ratio Rank: 96
LVAMX Martin Ratio Rank: 96

LIVIX

LIVIX Risk / Return Rank: 70
LIVIX Sharpe Ratio Rank: 68
LIVIX Sortino Ratio Rank: 65
LIVIX Omega Ratio Rank: 66
LIVIX Calmar Ratio Rank: 71
LIVIX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LVAMX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSV U.S. Managed Volatility Fund (LVAMX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). 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.

	LVAMX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.55	+0.89
Sortino ratio: Return per unit of downside risk	3.55	2.19	+1.36
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	4.65	2.25	+2.40
Martin ratio: Return relative to average drawdown	16.95	9.45	+7.50

LVAMX vs. LIVIX - Sharpe Ratio Comparison

The current LVAMX Sharpe Ratio is 2.44, which is higher than the LIVIX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LVAMX and LIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LVAMX vs. LIVIX - Drawdown Comparison

The maximum LVAMX drawdown since its inception was -33.38%, roughly equal to the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for LVAMX and LIVIX.

Drawdown Indicators

	LVAMX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.38%	-34.44%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-9.44%	+4.31%
Max Drawdown (3Y) Largest decline over 3 years	-20.84%	-17.39%	-3.45%
Max Drawdown (5Y) Largest decline over 5 years	-20.84%	-26.45%	+5.61%
Max Drawdown (10Y) Largest decline over 10 years	-33.38%	-34.44%	+1.06%
Current Drawdown Current decline from peak	-1.06%	-1.83%	+0.77%
Average Drawdown Average peak-to-trough decline	-4.73%	-4.49%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	2.25%	-0.84%

Volatility

LVAMX vs. LIVIX - Volatility Comparison

The current volatility for LSV U.S. Managed Volatility Fund (LVAMX) is 2.92%, while BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) has a volatility of 3.92%. This indicates that LVAMX experiences smaller price fluctuations and is considered to be less risky than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVAMX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	3.92%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	7.23%	11.50%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	9.81%	13.72%	-3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	16.01%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	16.70%	-0.57%

LVAMX vs. LIVIX - Expense Ratio Comparison

LVAMX has a 0.94% expense ratio, which is higher than LIVIX's 0.14% expense ratio.

Dividends

LVAMX vs. LIVIX - Dividend Comparison

LVAMX's dividend yield for the trailing twelve months is around 18.31%, more than LIVIX's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares	2.29%	2.48%	0.01%	2.04%	1.96%	2.04%	1.56%	2.95%	2.35%	2.27%	1.54%	2.88%
LVAMX LSV U.S. Managed Volatility Fund	18.31%	21.15%	3.30%	17.00%	10.71%	6.62%	3.15%	9.37%	6.98%	3.79%	1.98%	2.22%

Frequently Asked Questions

Can I hold both LVAMX and LIVIX in my portfolio?

LVAMX and LIVIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LVAMX or LIVIX?

LIVIX has higher volatility (3.92%) compared to LVAMX (2.92%). In terms of maximum drawdown, LVAMX dropped -33.38% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LVAMX currently has the higher Sharpe Ratio (2.44 vs 1.55), 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.