PSGIX vs. LIVIX

Last updated Aug 4, 2026

PSGIX (BlackRock Advantage Small Cap Growth Fund) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - PSGIX is a Small Cap Growth Equities 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, PSGIX returned 11.55%/yr vs 11.55%/yr for LIVIX. Their correlation of 0.84 means they have usually moved in the same direction. PSGIX charges 0.50%/yr vs 0.14%/yr for LIVIX.

Performance

PSGIX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Small Cap Growth Fund (PSGIX) 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, PSGIX achieves a 16.17% return, which is significantly higher than LIVIX's 11.31% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: PSGIX at 11.55% and LIVIX at 11.55%.

PSGIX

• 1D: -0.55%
• 1M: -3.95%
• 6M: 11.12%
• YTD: 16.17%
• 1Y: 34.62%
• 3Y*: 16.32%
• 5Y*: 5.83%
• 10Y*: 11.55%
• ALL TIME*: 9.80%

LIVIX

• 1D: 0.25%
• 1M: -0.28%
• 6M: 7.40%
• YTD: 11.31%
• 1Y: 23.55%
• 3Y*: 17.04%
• 5Y*: 9.73%
• 10Y*: 11.55%
• ALL TIME*: 10.31%

*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
PSGIX BlackRock Advantage Small Cap Growth Fund	$0.00	$0.00	$0.00

PSGIX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSGIX BlackRock Advantage Small Cap Growth Fund	16.17%	15.24%	14.07%	18.73%	-24.93%	2.95%	33.47%	33.92%	-5.01%	14.19%
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares	11.31%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between PSGIX and LIVIX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011	0.84

The correlation between PSGIX and LIVIX has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

PSGIX vs. LIVIX — Risk / Return Rank

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

PSGIX

PSGIX Risk / Return Rank: 52
PSGIX Sharpe Ratio Rank: 48
PSGIX Sortino Ratio Rank: 46
PSGIX Omega Ratio Rank: 40
PSGIX Calmar Ratio Rank: 67
PSGIX Martin Ratio Rank: 58

LIVIX

LIVIX Risk / Return Rank: 67
LIVIX Sharpe Ratio Rank: 64
LIVIX Sortino Ratio Rank: 62
LIVIX Omega Ratio Rank: 62
LIVIX Calmar Ratio Rank: 68
LIVIX Martin Ratio Rank: 77

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.

PSGIX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Small Cap Growth Fund (PSGIX) 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.

	PSGIX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.62	-0.19
Sortino ratio: Return per unit of downside risk	2.04	2.28	-0.25
Omega ratio: Gain probability vs. loss probability	1.24	1.29	-0.05
Calmar ratio: Return relative to maximum drawdown	2.36	2.36	0.00
Martin ratio: Return relative to average drawdown	8.27	9.88	-1.62

PSGIX vs. LIVIX - Sharpe Ratio Comparison

The current PSGIX Sharpe Ratio is 1.43, which is comparable to the LIVIX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of PSGIX 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

PSGIX vs. LIVIX - Drawdown Comparison

The maximum PSGIX drawdown since its inception was -77.50%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for PSGIX and LIVIX.

Drawdown Indicators

	PSGIX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-77.50%	-34.44%	-43.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.74%	-9.44%	-4.30%
Max Drawdown (3Y) Largest decline over 3 years	-27.77%	-17.39%	-10.38%
Max Drawdown (5Y) Largest decline over 5 years	-40.55%	-26.45%	-14.10%
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	-34.44%	-7.15%
Current Drawdown Current decline from peak	-6.43%	-1.58%	-4.85%
Average Drawdown Average peak-to-trough decline	-25.15%	-4.49%	-20.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	2.25%	+1.66%

Volatility

PSGIX vs. LIVIX - Volatility Comparison

BlackRock Advantage Small Cap Growth Fund (PSGIX) has a higher volatility of 5.91% compared to BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) at 3.89%. This indicates that PSGIX's price experiences larger fluctuations and is considered to be riskier than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSGIX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	3.89%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	17.43%	11.50%	+5.93%
Volatility (1Y) Calculated over the trailing 1-year period	22.65%	13.72%	+8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	16.00%	+8.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.44%	16.70%	+7.74%

PSGIX vs. LIVIX - Expense Ratio Comparison

PSGIX has a 0.50% expense ratio, which is higher than LIVIX's 0.14% expense ratio.

Dividends

PSGIX vs. LIVIX - Dividend Comparison

PSGIX's dividend yield for the trailing twelve months is around 0.10%, less 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%
PSGIX BlackRock Advantage Small Cap Growth Fund	0.10%	0.11%	0.25%	0.25%	0.47%	18.37%	5.36%	5.37%	24.24%	11.12%	0.05%	6.08%

Frequently Asked Questions

Can I hold both PSGIX and LIVIX in my portfolio?

PSGIX and LIVIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSGIX or LIVIX?

PSGIX has higher volatility (5.91%) compared to LIVIX (3.89%). In terms of maximum drawdown, PSGIX dropped -77.50% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (1.62 vs 1.43), 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.