MDDVX vs. LIVIX

Last updated Jun 25, 2026

MDDVX (BlackRock Equity Dividend Fund Investor A Shares) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - MDDVX is a Dividend fund actively managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, MDDVX returned 11.66%/yr vs 12.15%/yr for LIVIX. Their correlation of 0.88 suggests significant overlap in exposure. MDDVX charges 0.94%/yr vs 0.10%/yr for LIVIX.

Performance

MDDVX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MDDVX having a 10.67% return and LIVIX slightly lower at 10.22%. Both investments have delivered pretty close results over the past 10 years, with MDDVX having a 11.66% annualized return and LIVIX not far ahead at 12.15%.

MDDVX

• 1D: -0.95%
• 1M: 2.01%
• YTD: 10.67%
• 6M: 10.04%
• 1Y: 23.58%
• 3Y*: 15.80%
• 5Y*: 9.74%
• 10Y*: 11.66%

LIVIX

• 1D: -1.93%
• 1M: -0.25%
• YTD: 10.22%
• 6M: 9.18%
• 1Y: 24.05%
• 3Y*: 18.71%
• 5Y*: 9.71%
• 10Y*: 12.15%

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

MDDVX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDDVX BlackRock Equity Dividend Fund Investor A Shares	10.67%	21.43%	6.78%	12.39%	-4.17%	19.86%	3.74%	27.30%	-7.42%	16.06%
LIVIX BlackRock LifePath Index 2055 Fund	10.22%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between MDDVX and LIVIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011	0.88

The correlation between MDDVX and LIVIX has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

Return for Risk

MDDVX vs. LIVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDDVX

MDDVX Risk / Return Rank: 65
MDDVX Sharpe Ratio Rank: 68
MDDVX Sortino Ratio Rank: 67
MDDVX Omega Ratio Rank: 63
MDDVX Calmar Ratio Rank: 62
MDDVX Martin Ratio Rank: 66

LIVIX

LIVIX Risk / Return Rank: 53
LIVIX Sharpe Ratio Rank: 50
LIVIX Sortino Ratio Rank: 47
LIVIX Omega Ratio Rank: 49
LIVIX Calmar Ratio Rank: 56
LIVIX Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDDVX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and BlackRock LifePath Index 2055 Fund (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.

	MDDVX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.92	+0.20
Sortino ratio: Return per unit of downside risk	2.98	2.65	+0.33
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.75	2.72	+0.02
Martin ratio: Return relative to average drawdown	11.50	11.77	-0.26

MDDVX vs. LIVIX - Sharpe Ratio Comparison

The current MDDVX Sharpe Ratio is 2.12, which is comparable to the LIVIX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MDDVX 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

MDDVX vs. LIVIX - Drawdown Comparison

The maximum MDDVX drawdown since its inception was -50.22%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for MDDVX and LIVIX.

Drawdown Indicators

	MDDVX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-50.22%	-34.44%	-15.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-9.44%	+0.42%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-17.39%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-18.18%	-26.45%	+8.27%
Max Drawdown (10Y) Largest decline over 10 years	-35.93%	-34.44%	-1.49%
Current Drawdown Current decline from peak	-1.55%	-2.54%	+0.99%
Average Drawdown Average peak-to-trough decline	-5.92%	-4.51%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.18%	-0.03%

Volatility

MDDVX vs. LIVIX - Volatility Comparison

The current volatility for BlackRock Equity Dividend Fund Investor A Shares (MDDVX) is 4.36%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 5.51%. This indicates that MDDVX 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

	MDDVX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	5.51%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	11.18%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	13.42%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	15.99%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	16.71%	-0.39%

MDDVX vs. LIVIX - Expense Ratio Comparison

MDDVX has a 0.94% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

MDDVX vs. LIVIX - Dividend Comparison

MDDVX's dividend yield for the trailing twelve months is around 9.11%, more than LIVIX's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIVIX BlackRock LifePath Index 2055 Fund	2.25%	2.48%	0.01%	2.04%	1.96%	2.04%	1.56%	2.95%	2.35%	2.27%	1.54%	2.88%
MDDVX BlackRock Equity Dividend Fund Investor A Shares	9.11%	10.06%	8.38%	6.89%	13.29%	11.93%	6.15%	12.95%	13.77%	14.20%	7.79%	18.15%

Frequently Asked Questions

Can I hold both MDDVX and LIVIX in my portfolio?

MDDVX and LIVIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDDVX or LIVIX?

LIVIX has higher volatility (5.51%) compared to MDDVX (4.36%). In terms of maximum drawdown, MDDVX dropped -50.22% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

MDDVX currently has the higher Sharpe Ratio (2.12 vs 1.92), 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.