TCLOX vs. VOO
Compare and contrast key facts about TIAA-CREF Lifecycle 2040 Fund (TCLOX) and Vanguard S&P 500 ETF (VOO).
TCLOX is managed by TIAA Investments. It was launched on Oct 14, 2004. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
TCLOX vs. VOO - Performance Comparison
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TCLOX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, TCLOX achieves a -2.32% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, TCLOX has underperformed VOO with an annualized return of 9.33%, while VOO has yielded a comparatively higher 14.14% annualized 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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TCLOX vs. VOO - Expense Ratio Comparison
TCLOX has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
TCLOX vs. VOO — Risk / Return Rank
TCLOX
VOO
TCLOX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2040 Fund (TCLOX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.01 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.53 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.55 | -0.03 |
Martin ratioReturn relative to average drawdown | 6.56 | 7.31 | -0.74 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.01 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.79 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.83 | -0.40 |
Correlation
The correlation between TCLOX and VOO 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.
Dividends
TCLOX vs. VOO - Dividend Comparison
TCLOX's dividend yield for the trailing twelve months is around 5.05%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
TCLOX vs. VOO - Drawdown Comparison
The maximum TCLOX drawdown since its inception was -53.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TCLOX and VOO.
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Drawdown Indicators
| TCLOX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.88% | -33.99% | -19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -11.98% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -24.52% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -30.12% | -33.99% | +3.87% |
Current DrawdownCurrent decline from peak | -6.00% | -5.55% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -3.72% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.55% | -0.41% |
Volatility
TCLOX vs. VOO - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle 2040 Fund (TCLOX) is 4.90%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that TCLOX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLOX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 5.34% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 9.47% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 18.11% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 16.82% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 17.99% | -3.78% |