FBIFX vs. TLZIX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and TIAA-CREF Lifecycle Index 2040 Fund (TLZIX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIFX or TLZIX.
Correlation
The correlation between FBIFX and TLZIX 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.
Performance
FBIFX vs. TLZIX - Performance Comparison
Key characteristics
FBIFX:
0.66
TLZIX:
0.74
FBIFX:
1.02
TLZIX:
1.06
FBIFX:
1.14
TLZIX:
1.15
FBIFX:
0.71
TLZIX:
0.73
FBIFX:
3.23
TLZIX:
3.21
FBIFX:
2.98%
TLZIX:
2.95%
FBIFX:
14.47%
TLZIX:
12.74%
FBIFX:
-38.83%
TLZIX:
-28.82%
FBIFX:
-4.83%
TLZIX:
-4.73%
Returns By Period
In the year-to-date period, FBIFX achieves a -0.08% return, which is significantly higher than TLZIX's -0.24% return. Over the past 10 years, FBIFX has underperformed TLZIX with an annualized return of 6.33%, while TLZIX has yielded a comparatively higher 7.78% annualized return.
FBIFX
-0.08%
-0.08%
-0.89%
9.22%
10.93%
6.33%
TLZIX
-0.24%
-0.17%
-0.92%
9.07%
10.47%
7.78%
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FBIFX vs. TLZIX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is higher than TLZIX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FBIFX vs. TLZIX — Risk-Adjusted Performance Rank
FBIFX
TLZIX
FBIFX vs. TLZIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and TIAA-CREF Lifecycle Index 2040 Fund (TLZIX). 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.
Dividends
FBIFX vs. TLZIX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.09%, less than TLZIX's 2.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.09% | 2.09% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% |
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | 2.50% | 2.49% | 2.11% | 2.62% | 2.93% | 1.95% | 2.26% | 2.68% | 2.10% | 2.64% | 2.50% | 2.33% |
Drawdowns
FBIFX vs. TLZIX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -38.83%, which is greater than TLZIX's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for FBIFX and TLZIX. For additional features, visit the drawdowns tool.
Volatility
FBIFX vs. TLZIX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a higher volatility of 10.21% compared to TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) at 8.10%. This indicates that FBIFX's price experiences larger fluctuations and is considered to be riskier than TLZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.