TCLOX vs. TCIEX
Compare and contrast key facts about TIAA-CREF Lifecycle 2040 Fund (TCLOX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX).
TCLOX is managed by TIAA Investments. It was launched on Oct 14, 2004. TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002.
Performance
TCLOX vs. TCIEX - Performance Comparison
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TCLOX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCLOX TIAA-CREF Lifecycle 2040 Fund | -2.32% | 16.72% | 12.55% | 18.04% | -16.86% | 13.93% | 16.06% | 24.38% | -9.26% | 20.21% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 1.04% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
Returns By Period
In the year-to-date period, TCLOX achieves a -2.32% return, which is significantly lower than TCIEX's 1.04% return. Both investments have delivered pretty close results over the past 10 years, with TCLOX having a 9.33% annualized return and TCIEX not far behind at 8.90%.
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%
TCIEX
- 1D
- 3.00%
- 1M
- -6.29%
- YTD
- 1.04%
- 6M
- 4.81%
- 1Y
- 22.86%
- 3Y*
- 14.48%
- 5Y*
- 8.26%
- 10Y*
- 8.90%
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TCLOX vs. TCIEX - Expense Ratio Comparison
TCLOX has a 0.49% expense ratio, which is higher than TCIEX's 0.05% expense ratio.
Return for Risk
TCLOX vs. TCIEX — Risk / Return Rank
TCLOX
TCIEX
TCLOX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2040 Fund (TCLOX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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 | TCIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.36 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.87 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.83 | -0.32 |
Martin ratioReturn relative to average drawdown | 6.56 | 6.94 | -0.37 |
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 | TCIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.36 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.54 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.05 |
Correlation
The correlation between TCLOX and TCIEX is 0.86, 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. TCIEX - Dividend Comparison
TCLOX's dividend yield for the trailing twelve months is around 5.05%, more than TCIEX's 3.85% 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% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.85% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
Drawdowns
TCLOX vs. TCIEX - Drawdown Comparison
The maximum TCLOX drawdown since its inception was -53.88%, smaller than the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for TCLOX and TCIEX.
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Drawdown Indicators
| TCLOX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.88% | -59.27% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -11.35% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -29.25% | +4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -30.12% | -33.58% | +3.46% |
Current DrawdownCurrent decline from peak | -6.00% | -8.19% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -10.64% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 3.00% | -0.86% |
Volatility
TCLOX vs. TCIEX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle 2040 Fund (TCLOX) is 4.90%, while TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a volatility of 7.73%. This indicates that TCLOX experiences smaller price fluctuations and is considered to be less risky than TCIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLOX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 7.73% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 11.19% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 17.19% | -3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 15.94% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 16.58% | -2.37% |