TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TLZIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TLZIX
TLZIX charges 0.10% annually. There are 109 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | TLZIX vs LTFIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | TLZIX vs JIEHX | |
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | TLZIX vs PTDIX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | TLZIX vs LTRIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | TLZIX vs PMTIX |
Best Risk-Adjusted Alternatives to TLZIX
TLZIX has a PortfoliosLab risk / return rank of 71. There are 196 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 89 | — | Dec 2019 | TLZIX vs PADLX | |
| State Street Target Retirement Fund | 88 | — | Sep 2014 | TLZIX vs SSFNX | |
| Prudential Day One Income Fund | 85 | — | Dec 2016 | TLZIX vs PDAHX | |
| State Street Target Retirement 2025 Fund | 85 | — | Sep 2014 | TLZIX vs SSBRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 83 | — | Nov 2015 | TLZIX vs DRILX |
Top Performing TLZIX Alternatives (YTD)
TLZIX is at 10.38% YTD. There are 275 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 14.17%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Flex Freedom Blend 2060 Fund | 14.17% | — | Jun 2017 | TLZIX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 14.11% | — | Jun 2019 | TLZIX vs FDFPX | |
| Fidelity Flex Freedom Blend 2055 Fund | 14.07% | — | Jun 2017 | TLZIX vs FQLSX | |
| Fidelity Freedom Blend 2055 Fund Class K6 | 14.04% | — | Aug 2018 | TLZIX vs FHDDX | |
| Fidelity Freedom Blend 2065 Fund Class K6 | 14.03% | — | Jun 2019 | TLZIX vs FFBQX |
Lowest Volatility Alternatives to TLZIX
TLZIX has 9.98% 1-year volatility. There are 357 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.33% | — | Nov 2015 | TLZIX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 3.98% | — | Oct 2009 | TLZIX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.01% | — | Oct 2009 | TLZIX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.14% | — | Aug 2019 | TLZIX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.15% | — | Aug 2007 | TLZIX vs FRQAX |
Lowest Drawdown Alternatives to TLZIX
TLZIX has a 1-year max drawdown of -7.77%. There are 353 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | TLZIX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | TLZIX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | TLZIX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | TLZIX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | TLZIX vs FRKMX |
Other Mutual Funds from TIAA Investments
The 10 most viewed TIAA Investments mutual funds shown here include TIEIX, TILIX, TISPX and span 7 categories.
Often Compared With TLZIX
Investors most often compare TLZIX with TLYIX, FBIFX, TLXIX. These 18 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare TLZIX with Any Fund or Stock
Compare TLZIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TLZIX with funds that move differently
TIAA-CREF Lifecycle Index 2040 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TLZIX.
Explore TLZIX Diversifiers