TCLEX vs. FATKX
TCLEX (TIAA-CREF Lifecycle 2010 Fund) and FATKX (Fidelity Freedom 2020 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, TCLEX returned 3.83%/yr vs 5.65%/yr for FATKX. Their 0.96 correlation means they have historically moved very closely together. TCLEX charges 0.51%/yr vs 0.42%/yr for FATKX.
Performance
TCLEX vs. FATKX - Performance Comparison
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Returns By Period
In the year-to-date period, TCLEX achieves a 3.64% return, which is significantly lower than FATKX's 5.96% return.
TCLEX
- 1D
- 0.79%
- 1M
- -0.36%
- 6M
- 2.42%
- YTD
- 3.64%
- 1Y
- 9.03%
- 3Y*
- 8.43%
- 5Y*
- 3.83%
- 10Y*
- 5.62%
- ALL TIME*
- 5.28%
FATKX
- 1D
- 1.09%
- 1M
- -0.88%
- 6M
- 3.85%
- YTD
- 5.96%
- 1Y
- 12.75%
- 3Y*
- 12.06%
- 5Y*
- 5.65%
- 10Y*
- —
- ALL TIME*
- 7.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCLEX vs. FATKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCLEX TIAA-CREF Lifecycle 2010 Fund | 3.64% | 11.22% | 7.31% | 10.64% | -12.64% | 6.62% | 10.95% | 15.14% | -4.14% | 3.12% |
FATKX Fidelity Freedom 2020 Fund Class K6 | 5.96% | 15.14% | 11.68% | 13.16% | -15.93% | 9.13% | 13.79% | 18.14% | -5.20% | 6.72% |
Correlation
The correlation between TCLEX and FATKX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.96 |
The correlation between TCLEX and FATKX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
TCLEX vs. FATKX — Risk / Return Rank
TCLEX
FATKX
TCLEX vs. FATKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2010 Fund (TCLEX) and Fidelity Freedom 2020 Fund Class K6 (FATKX). 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.
| TCLEX | FATKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.28 | -0.21 |
| Martin ratioReturn relative to average drawdown | 8.79 | 9.28 | -0.49 |
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Drawdowns
TCLEX vs. FATKX - Drawdown Comparison
The maximum TCLEX drawdown since its inception was -35.33%, which is greater than FATKX's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for TCLEX and FATKX.
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Drawdown Indicators
| TCLEX | FATKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.33% | -22.44% | -12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -5.48% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -8.25% | -7.30% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.31% | -22.44% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.63% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -4.32% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.34% | -0.34% |
Volatility
TCLEX vs. FATKX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle 2010 Fund (TCLEX) is 1.60%, while Fidelity Freedom 2020 Fund Class K6 (FATKX) has a volatility of 2.36%. This indicates that TCLEX experiences smaller price fluctuations and is considered to be less risky than FATKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLEX | FATKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 2.36% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.62% | 6.76% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 7.81% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 9.14% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.97% | 9.29% | -2.32% |
TCLEX vs. FATKX - Expense Ratio Comparison
TCLEX has a 0.51% expense ratio, which is higher than FATKX's 0.42% expense ratio.
Dividends
TCLEX vs. FATKX - Dividend Comparison
TCLEX's dividend yield for the trailing twelve months is around 5.14%, less than FATKX's 8.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FATKX Fidelity Freedom 2020 Fund Class K6 | 8.00% | 7.70% | 8.73% | 2.94% | 10.06% | 12.30% | 6.93% | 6.79% | 7.43% | 3.18% | 0.00% | 0.00% |
TCLEX TIAA-CREF Lifecycle 2010 Fund | 5.14% | 5.33% | 4.44% | 2.95% | 5.91% | 8.53% | 6.93% | 3.95% | 5.60% | 1.72% | 3.45% | 2.47% |
Frequently Asked Questions
With a correlation of 0.97, TCLEX and FATKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FATKX has higher volatility (2.36%) compared to TCLEX (1.60%). In terms of maximum drawdown, TCLEX dropped -35.33% vs FATKX's -22.44%.
TCLEX currently has the higher Sharpe Ratio (1.61 vs 1.60), 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.
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