MDCPX vs. LIVIX
MDCPX (BlackRock Balanced Capital Fund Investor A Shares) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - MDCPX is a Diversified Portfolio fund actively managed by BlackRock, while LIVIX is a Target Retirement Date fund tracking the LifePath Index 2055 Fund Custom Benchmark. MDCPX is actively managed, while LIVIX is passively managed. Over the past 10 years, MDCPX returned 9.93%/yr vs 11.45%/yr for LIVIX. Their correlation of 0.94 means they have usually moved in the same direction. MDCPX charges 0.78%/yr vs 0.14%/yr for LIVIX.
Performance
MDCPX vs. LIVIX - Performance Comparison
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Returns By Period
In the year-to-date period, MDCPX achieves a 7.78% return, which is significantly lower than LIVIX's 11.03% return. Over the past 10 years, MDCPX has underperformed LIVIX with an annualized return of 9.93%, while LIVIX has yielded a comparatively higher 11.45% annualized return.
MDCPX
- 1D
- 1.68%
- 1M
- 0.20%
- 6M
- 5.15%
- YTD
- 7.78%
- 1Y
- 16.09%
- 3Y*
- 13.23%
- 5Y*
- 7.56%
- 10Y*
- 9.93%
- ALL TIME*
- 7.65%
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%
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 |
MDCPX vs. LIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDCPX BlackRock Balanced Capital Fund Investor A Shares | 7.78% | 15.32% | 12.47% | 16.59% | -15.70% | 16.49% | 15.07% | 21.59% | -3.48% | 14.24% |
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 MDCPX and LIVIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.94 |
The correlation between MDCPX and LIVIX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
MDCPX vs. LIVIX — Risk / Return Rank
MDCPX
LIVIX
MDCPX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Balanced Capital Fund Investor A Shares (MDCPX) 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.
| MDCPX | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.25 | +0.21 |
| Martin ratioReturn relative to average drawdown | 9.90 | 9.45 | +0.45 |
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Drawdowns
MDCPX vs. LIVIX - Drawdown Comparison
The maximum MDCPX drawdown since its inception was -41.98%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for MDCPX and LIVIX.
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Drawdown Indicators
| MDCPX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.98% | -34.44% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -9.44% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -17.39% | +6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -26.45% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -24.58% | -34.44% | +9.86% |
Current DrawdownCurrent decline from peak | -1.11% | -1.83% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -4.49% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.25% | -0.70% |
Volatility
MDCPX vs. LIVIX - Volatility Comparison
The current volatility for BlackRock Balanced Capital Fund Investor A Shares (MDCPX) is 2.89%, while BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) has a volatility of 3.92%. This indicates that MDCPX 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.
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Volatility by Period
| MDCPX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.92% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 11.50% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 13.72% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 16.01% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.49% | 16.70% | -5.21% |
MDCPX vs. LIVIX - Expense Ratio Comparison
MDCPX has a 0.78% expense ratio, which is higher than LIVIX's 0.14% expense ratio.
Dividends
MDCPX vs. LIVIX - Dividend Comparison
MDCPX's dividend yield for the trailing twelve months is around 12.43%, 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% |
MDCPX BlackRock Balanced Capital Fund Investor A Shares | 12.43% | 8.61% | 7.44% | 2.63% | 3.82% | 12.27% | 4.02% | 5.25% | 7.84% | 19.39% | 4.67% | 5.04% |
Frequently Asked Questions
With a correlation of 0.98, MDCPX and LIVIX 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.
LIVIX has higher volatility (3.92%) compared to MDCPX (2.89%). In terms of maximum drawdown, MDCPX dropped -41.98% vs LIVIX's -34.44%.
MDCPX currently has the higher Sharpe Ratio (1.68 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.
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