TCLNX vs. FHAHX

Last updated Jun 3, 2026

TCLNX (TIAA-CREF Lifecycle 2030 Fund) and FHAHX (Fidelity Advisor Freedom Blend Income Fund Class Z) are both Target Retirement Date funds. Over the past 5 years, TCLNX returned 5.77%/yr vs 3.06%/yr for FHAHX. A 0.76 correlation means they provide meaningful diversification when combined. TCLNX charges 0.51%/yr vs 0.31%/yr for FHAHX.

Performance

TCLNX vs. FHAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle 2030 Fund (TCLNX) and Fidelity Advisor Freedom Blend Income Fund Class Z (FHAHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCLNX achieves a 5.85% return, which is significantly higher than FHAHX's 4.82% return.

TCLNX

• 1D: 0.17%
• 1M: 2.18%
• YTD: 5.85%
• 6M: 6.48%
• 1Y: 16.50%
• 3Y*: 12.49%
• 5Y*: 5.77%
• 10Y*: 8.25%

FHAHX

• 1D: 0.09%
• 1M: 1.40%
• YTD: 4.82%
• 6M: 5.25%
• 1Y: 11.38%
• 3Y*: 7.90%
• 5Y*: 3.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCLNX vs. FHAHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TCLNX TIAA-CREF Lifecycle 2030 Fund	5.85%	13.93%	9.81%	14.38%	-15.45%	10.92%	14.22%	20.95%	-10.61%
FHAHX Fidelity Advisor Freedom Blend Income Fund Class Z	4.82%	10.12%	4.21%	8.20%	-11.60%	2.88%	8.69%	10.66%	-2.14%

Correlation

The correlation between TCLNX and FHAHX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.76

The correlation between TCLNX and FHAHX shifts across timeframes, from 0.76 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TCLNX vs. FHAHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCLNX

TCLNX Risk / Return Rank: 58
TCLNX Sharpe Ratio Rank: 59
TCLNX Sortino Ratio Rank: 60
TCLNX Omega Ratio Rank: 59
TCLNX Calmar Ratio Rank: 52
TCLNX Martin Ratio Rank: 61

FHAHX

FHAHX Risk / Return Rank: 74
FHAHX Sharpe Ratio Rank: 76
FHAHX Sortino Ratio Rank: 78
FHAHX Omega Ratio Rank: 79
FHAHX Calmar Ratio Rank: 65
FHAHX Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCLNX vs. FHAHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2030 Fund (TCLNX) and Fidelity Advisor Freedom Blend Income Fund Class Z (FHAHX). 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.

	TCLNX	FHAHX	Difference
Sharpe ratio Return per unit of total volatility	2.26	2.53	-0.27
Sortino ratio Return per unit of downside risk	3.27	3.73	-0.46
Omega ratio Gain probability vs. loss probability	1.43	1.52	-0.09
Calmar ratio Return relative to maximum drawdown	2.77	3.10	-0.33
Martin ratio Return relative to average drawdown	12.23	13.59	-1.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCLNX vs. FHAHX - Sharpe Ratio Comparison

The current TCLNX Sharpe Ratio is 2.26, which is comparable to the FHAHX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of TCLNX and FHAHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TCLNX	FHAHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	2.53	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.57	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.88	-0.42

Drawdowns

TCLNX vs. FHAHX - Drawdown Comparison

The maximum TCLNX drawdown since its inception was -51.89%, which is greater than FHAHX's maximum drawdown of -16.02%. Use the drawdown chart below to compare losses from any high point for TCLNX and FHAHX.

Drawdown Indicators

	TCLNX	FHAHX	Difference
Max Drawdown Largest peak-to-trough decline	-51.89%	-16.02%	-35.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.26%	-3.71%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-9.61%	-5.00%	-4.61%
Max Drawdown (5Y) Largest decline over 5 years	-21.70%	-16.02%	-5.68%
Max Drawdown (10Y) Largest decline over 10 years	-25.48%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.90%	-3.25%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.85%	+0.57%

Volatility

TCLNX vs. FHAHX - Volatility Comparison

TIAA-CREF Lifecycle 2030 Fund (TCLNX) has a higher volatility of 2.35% compared to Fidelity Advisor Freedom Blend Income Fund Class Z (FHAHX) at 1.75%. This indicates that TCLNX's price experiences larger fluctuations and is considered to be riskier than FHAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCLNX	FHAHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	1.75%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	6.06%	3.80%	+2.26%
Volatility (1Y) Calculated over the trailing 1-year period	7.51%	4.53%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.81%	5.41%	+4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.07%	5.02%	+6.05%

TCLNX vs. FHAHX - Expense Ratio Comparison

TCLNX has a 0.51% expense ratio, which is higher than FHAHX's 0.31% expense ratio.

Dividends

TCLNX vs. FHAHX - Dividend Comparison

TCLNX's dividend yield for the trailing twelve months is around 4.47%, more than FHAHX's 3.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHAHX Fidelity Advisor Freedom Blend Income Fund Class Z	3.09%	3.26%	3.12%	2.96%	4.70%	4.07%	2.68%	2.43%	1.51%	0.00%	0.00%	0.00%
TCLNX TIAA-CREF Lifecycle 2030 Fund	4.47%	4.73%	3.11%	1.85%	5.67%	7.57%	4.92%	3.60%	6.59%	2.46%	5.13%	4.95%

Frequently Asked Questions

Can I hold both TCLNX and FHAHX in my portfolio?

TCLNX and FHAHX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCLNX or FHAHX?

TCLNX has higher volatility (2.35%) compared to FHAHX (1.75%). In terms of maximum drawdown, TCLNX dropped -51.89% vs FHAHX's -16.02%.

Which has better risk-adjusted returns?

FHAHX currently has the higher Sharpe Ratio (2.53 vs 2.26), 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.