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.
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.
Performance
TCLOX vs. FFFFX - Performance Comparison
Key characteristics
TCLOX:
1.17
FFFFX:
1.41
TCLOX:
1.58
FFFFX:
1.98
TCLOX:
1.22
FFFFX:
1.25
TCLOX:
1.85
FFFFX:
0.82
TCLOX:
6.93
FFFFX:
8.39
TCLOX:
1.75%
FFFFX:
1.82%
TCLOX:
10.34%
FFFFX:
10.83%
TCLOX:
-53.88%
FFFFX:
-53.24%
TCLOX:
-4.43%
FFFFX:
-4.86%
Returns By Period
In the year-to-date period, TCLOX achieves a 11.46% return, which is significantly lower than FFFFX's 14.39% return. Over the past 10 years, TCLOX has outperformed FFFFX with an annualized return of 7.83%, while FFFFX has yielded a comparatively lower 4.29% annualized return.
TCLOX
11.46%
-2.59%
1.96%
12.10%
7.64%
7.83%
FFFFX
14.39%
-0.58%
4.53%
15.24%
3.58%
4.29%
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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.
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 has not paid dividends to shareholders, while FFFFX's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCLOX TIAA-CREF Lifecycle 2040 Fund | 0.00% | 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 | 1.15% | 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
TIAA-CREF Lifecycle 2040 Fund (TCLOX) has a higher volatility of 3.67% compared to Fidelity Freedom 2040 Fund (FFFFX) at 3.21%. This indicates that TCLOX's price experiences larger fluctuations and is considered to be riskier than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.