MFTNX vs. LIVIX

Last updated Jun 25, 2026

MFTNX (Arrow Managed Futures Strategy Fund Institutional Class) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - MFTNX is a Systematic Trend fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, MFTNX returned 5.21%/yr vs 12.15%/yr for LIVIX. At a 0.12 correlation, their price movements are largely independent. MFTNX charges 1.56%/yr vs 0.10%/yr for LIVIX.

Performance

MFTNX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) 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 MFTNX having a 10.38% return and LIVIX slightly lower at 10.22%. Over the past 10 years, MFTNX has underperformed LIVIX with an annualized return of 5.21%, while LIVIX has yielded a comparatively higher 12.15% annualized return.

MFTNX

• 1D: -2.95%
• 1M: -4.82%
• YTD: 10.38%
• 6M: 9.86%
• 1Y: 41.02%
• 3Y*: 3.47%
• 5Y*: 10.92%
• 10Y*: 5.21%

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)

MFTNX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	10.38%	9.44%	7.12%	-13.65%	58.30%	2.37%	-3.92%	15.70%	-19.56%	19.38%
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 MFTNX and LIVIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012	0.12

Over the past year, MFTNX and LIVIX have become more correlated (0.43) than their long-term average of 0.12, meaning their price movements have been converging.

Return for Risk

MFTNX vs. LIVIX — Risk / Return Rank

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

MFTNX

MFTNX Risk / Return Rank: 70
MFTNX Sharpe Ratio Rank: 72
MFTNX Sortino Ratio Rank: 59
MFTNX Omega Ratio Rank: 60
MFTNX Calmar Ratio Rank: 91
MFTNX Martin Ratio Rank: 70

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.

MFTNX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) 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.

	MFTNX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.92	+0.33
Sortino ratio: Return per unit of downside risk	2.91	2.65	+0.26
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.04
Calmar ratio: Return relative to maximum drawdown	4.44	2.72	+1.72
Martin ratio: Return relative to average drawdown	12.38	11.77	+0.61

MFTNX vs. LIVIX - Sharpe Ratio Comparison

The current MFTNX Sharpe Ratio is 2.25, which is comparable to the LIVIX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MFTNX 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

MFTNX vs. LIVIX - Drawdown Comparison

The maximum MFTNX drawdown since its inception was -35.58%, roughly equal to the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for MFTNX and LIVIX.

Drawdown Indicators

	MFTNX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.58%	-34.44%	-1.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	-9.44%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-32.45%	-17.39%	-15.06%
Max Drawdown (5Y) Largest decline over 5 years	-32.45%	-26.45%	-6.00%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	-34.44%	-1.14%
Current Drawdown Current decline from peak	-6.24%	-2.54%	-3.70%
Average Drawdown Average peak-to-trough decline	-12.87%	-4.51%	-8.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	2.18%	+1.31%

Volatility

MFTNX vs. LIVIX - Volatility Comparison

Arrow Managed Futures Strategy Fund Institutional Class (MFTNX) and BlackRock LifePath Index 2055 Fund (LIVIX) have volatilities of 5.60% and 5.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFTNX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	5.51%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	11.18%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	13.42%	+5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	15.99%	+5.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.98%	16.71%	+5.27%

MFTNX vs. LIVIX - Expense Ratio Comparison

MFTNX has a 1.56% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

MFTNX vs. LIVIX - Dividend Comparison

MFTNX has not paid dividends to shareholders, while LIVIX's dividend yield for the trailing twelve months is around 2.25%.

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%
MFTNX Arrow Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	11.69%	40.52%	2.53%	0.00%	20.10%	8.43%	2.28%	9.35%	1.46%

Frequently Asked Questions

Can I hold both MFTNX and LIVIX in my portfolio?

MFTNX and LIVIX 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.

Which is riskier, MFTNX or LIVIX?

MFTNX has higher volatility (5.60%) compared to LIVIX (5.51%). In terms of maximum drawdown, MFTNX dropped -35.58% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

MFTNX currently has the higher Sharpe Ratio (2.25 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.