TCLOX vs. FFFFX
Compare and contrast key facts about TIAA-CREF Lifecycle 2040 Fund (TCLOX) and Fidelity Freedom 2040 Fund (FFFFX).
TCLOX is managed by TIAA Investments. It was launched on Oct 14, 2004. FFFFX is managed by Fidelity. It was launched on Sep 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCLOX or FFFFX.
Performance
TCLOX vs. FFFFX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with TCLOX having a 14.42% return and FFFFX slightly higher at 15.06%. Over the past 10 years, TCLOX has outperformed FFFFX with an annualized return of 8.10%, while FFFFX has yielded a comparatively lower 4.33% annualized return.
TCLOX
14.42%
0.89%
6.13%
20.25%
9.04%
8.10%
FFFFX
15.06%
0.67%
5.97%
21.92%
4.60%
4.33%
Key characteristics
| TCLOX | FFFFX | |
|---|---|---|
| Sharpe Ratio | 1.95 | 2.05 |
| Sortino Ratio | 2.67 | 2.88 |
| Omega Ratio | 1.37 | 1.37 |
| Calmar Ratio | 2.59 | 1.02 |
| Martin Ratio | 13.01 | 12.74 |
| Ulcer Index | 1.56% | 1.72% |
| Daily Std Dev | 10.36% | 10.70% |
| Max Drawdown | -53.88% | -53.24% |
| Current Drawdown | -0.76% | -4.31% |
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TCLOX vs. FFFFX - Expense Ratio Comparison
TCLOX has a 0.49% expense ratio, which is lower than FFFFX's 0.75% expense ratio.
Correlation
The correlation between TCLOX and FFFFX is 0.96, 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.
Risk-Adjusted Performance
TCLOX vs. FFFFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2040 Fund (TCLOX) and Fidelity Freedom 2040 Fund (FFFFX). 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
TCLOX vs. FFFFX - Dividend Comparison
TCLOX's dividend yield for the trailing twelve months is around 1.20%, more than FFFFX's 1.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCLOX TIAA-CREF Lifecycle 2040 Fund | 1.20% | 1.37% | 1.05% | 2.36% | 1.76% | 1.09% | 1.97% | 1.91% | 1.28% | 1.42% | 2.36% | 2.88% |
FFFFX Fidelity Freedom 2040 Fund | 1.14% | 1.32% | 2.11% | 2.27% | 1.06% | 1.50% | 1.68% | 1.12% | 1.44% | 4.38% | 9.27% | 6.23% |
Drawdowns
TCLOX vs. FFFFX - Drawdown Comparison
The maximum TCLOX drawdown since its inception was -53.88%, roughly equal to the maximum FFFFX drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for TCLOX and FFFFX. For additional features, visit the drawdowns tool.
Volatility
TCLOX vs. FFFFX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle 2040 Fund (TCLOX) is 2.37%, while Fidelity Freedom 2040 Fund (FFFFX) has a volatility of 2.89%. This indicates that TCLOX experiences smaller price fluctuations and is considered to be less risky than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.