TCLOX vs. FRQKX
Compare and contrast key facts about TIAA-CREF Lifecycle 2040 Fund (TCLOX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
TCLOX is managed by TIAA Investments. It was launched on Oct 14, 2004. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
TCLOX vs. FRQKX - Performance Comparison
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TCLOX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TCLOX TIAA-CREF Lifecycle 2040 Fund | -2.32% | 16.72% | 12.55% | 18.04% | -16.86% | 13.93% | 16.06% | 7.82% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | -0.48% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Returns By Period
In the year-to-date period, TCLOX achieves a -2.32% return, which is significantly lower than FRQKX's -0.48% return.
TCLOX
- 1D
- 2.27%
- 1M
- -5.01%
- YTD
- -2.32%
- 6M
- -0.08%
- 1Y
- 15.00%
- 3Y*
- 12.76%
- 5Y*
- 6.42%
- 10Y*
- 9.33%
FRQKX
- 1D
- 0.25%
- 1M
- -3.18%
- YTD
- -0.48%
- 6M
- 0.80%
- 1Y
- 7.18%
- 3Y*
- 6.11%
- 5Y*
- 2.52%
- 10Y*
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TCLOX vs. FRQKX - Expense Ratio Comparison
TCLOX has a 0.49% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
TCLOX vs. FRQKX — Risk / Return Rank
TCLOX
FRQKX
TCLOX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2040 Fund (TCLOX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.
| TCLOX | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.58 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.71 | 2.20 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.12 | -0.60 |
Martin ratioReturn relative to average drawdown | 6.56 | 8.53 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCLOX | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.58 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.46 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.68 | -0.24 |
Correlation
The correlation between TCLOX and FRQKX is 0.78, 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.
Dividends
TCLOX vs. FRQKX - Dividend Comparison
TCLOX's dividend yield for the trailing twelve months is around 5.05%, more than FRQKX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCLOX TIAA-CREF Lifecycle 2040 Fund | 5.05% | 4.93% | 2.49% | 1.37% | 5.82% | 8.32% | 5.54% | 3.87% | 7.20% | 2.84% | 5.28% | 5.77% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.27% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TCLOX vs. FRQKX - Drawdown Comparison
The maximum TCLOX drawdown since its inception was -53.88%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for TCLOX and FRQKX.
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Drawdown Indicators
| TCLOX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.88% | -16.97% | -36.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -3.42% | -5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -16.97% | -7.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.12% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -3.18% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -3.95% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.85% | +1.29% |
Volatility
TCLOX vs. FRQKX - Volatility Comparison
TIAA-CREF Lifecycle 2040 Fund (TCLOX) has a higher volatility of 4.90% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 1.97%. This indicates that TCLOX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLOX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 1.97% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 2.87% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 4.62% | +8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 5.52% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 5.77% | +8.44% |