VTWNX vs. LIRAX
Compare and contrast key facts about Vanguard Target Retirement 2020 Fund (VTWNX) and BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX).
VTWNX is managed by Vanguard. It was launched on Jun 7, 2006. LIRAX is managed by BlackRock. It was launched on May 31, 2011.
Performance
VTWNX vs. LIRAX - Performance Comparison
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VTWNX vs. LIRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | -1.57% | 12.17% | 7.57% | 12.71% | -14.17% | 8.15% | 12.05% | 17.64% | -4.23% | 11.83% |
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | -1.01% | 12.09% | 5.84% | 11.22% | -15.49% | 6.42% | 11.05% | 15.60% | -3.79% | 10.43% |
Returns By Period
In the year-to-date period, VTWNX achieves a -1.57% return, which is significantly lower than LIRAX's -1.01% return. Over the past 10 years, VTWNX has outperformed LIRAX with an annualized return of 6.31%, while LIRAX has yielded a comparatively lower 5.16% annualized return.
VTWNX
- 1D
- 0.11%
- 1M
- -4.29%
- YTD
- -1.57%
- 6M
- 0.06%
- 1Y
- 9.17%
- 3Y*
- 8.51%
- 5Y*
- 4.17%
- 10Y*
- 6.31%
LIRAX
- 1D
- 0.27%
- 1M
- -4.03%
- YTD
- -1.01%
- 6M
- 0.65%
- 1Y
- 9.38%
- 3Y*
- 7.71%
- 5Y*
- 3.20%
- 10Y*
- 5.16%
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VTWNX vs. LIRAX - Expense Ratio Comparison
VTWNX has a 0.08% expense ratio, which is lower than LIRAX's 0.44% expense ratio.
Return for Risk
VTWNX vs. LIRAX — Risk / Return Rank
VTWNX
LIRAX
VTWNX vs. LIRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2020 Fund (VTWNX) and BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX). 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.
| VTWNX | LIRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.37 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.11 | 1.95 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.78 | +0.21 |
Martin ratioReturn relative to average drawdown | 8.25 | 8.12 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTWNX | LIRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.37 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.41 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.69 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.70 | -0.18 |
Correlation
The correlation between VTWNX and LIRAX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTWNX vs. LIRAX - Dividend Comparison
VTWNX's dividend yield for the trailing twelve months is around 8.33%, more than LIRAX's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | 8.33% | 8.20% | 9.35% | 6.20% | 4.99% | 19.57% | 6.28% | 3.54% | 4.94% | 0.73% | 2.74% | 4.15% |
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 3.57% | 3.53% | 1.82% | 2.37% | 2.42% | 2.42% | 1.70% | 2.22% | 2.18% | 1.99% | 2.23% | 2.67% |
Drawdowns
VTWNX vs. LIRAX - Drawdown Comparison
The maximum VTWNX drawdown since its inception was -42.16%, which is greater than LIRAX's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for VTWNX and LIRAX.
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Drawdown Indicators
| VTWNX | LIRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -20.67% | -21.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -5.27% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -20.67% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -20.67% | +1.29% |
Current DrawdownCurrent decline from peak | -4.32% | -4.03% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -2.97% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.15% | -0.07% |
Volatility
VTWNX vs. LIRAX - Volatility Comparison
Vanguard Target Retirement 2020 Fund (VTWNX) and BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) have volatilities of 2.40% and 2.46%, 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.
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Volatility by Period
| VTWNX | LIRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 2.46% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.98% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 7.06% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 7.79% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 7.46% | +0.80% |