TCLRX vs. TIREX
TCLRX (TIAA-CREF Lifecycle 2035 Fund) and TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) are both mutual funds - TCLRX is a Target Retirement Date fund managed by TIAA, while TIREX is a REIT fund managed by TIAA. Over the past 10 years, TCLRX returned 8.79%/yr vs 6.13%/yr for TIREX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. TCLRX charges 0.50%/yr vs 0.47%/yr for TIREX.
Performance
TCLRX vs. TIREX - Performance Comparison
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Returns By Period
In the year-to-date period, TCLRX achieves a 5.83% return, which is significantly lower than TIREX's 15.90% return. Over the past 10 years, TCLRX has outperformed TIREX with an annualized return of 8.79%, while TIREX has yielded a comparatively lower 6.13% annualized return.
TCLRX
- 1D
- 1.50%
- 1M
- -0.42%
- 6M
- 3.91%
- YTD
- 5.83%
- 1Y
- 13.94%
- 3Y*
- 11.71%
- 5Y*
- 6.08%
- 10Y*
- 8.79%
- ALL TIME*
- 6.95%
TIREX
- 1D
- -1.12%
- 1M
- 1.54%
- 6M
- 13.91%
- YTD
- 15.90%
- 1Y
- 19.11%
- 3Y*
- 9.72%
- 5Y*
- 2.10%
- 10Y*
- 6.13%
- ALL TIME*
- 9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCLRX vs. TIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCLRX TIAA-CREF Lifecycle 2035 Fund | 5.83% | 15.07% | 11.00% | 16.13% | -16.19% | 12.38% | 15.07% | 22.77% | -8.30% | 18.45% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 15.90% | 2.10% | 5.30% | 12.16% | -28.74% | 39.39% | 1.29% | 31.09% | -4.06% | 11.73% |
Correlation
The correlation between TCLRX and TIREX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004 | 0.66 |
Over the past year, the correlation between TCLRX and TIREX has dropped to 0.25 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
TCLRX vs. TIREX — Risk / Return Rank
TCLRX
TIREX
TCLRX vs. TIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2035 Fund (TCLRX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCLRX | TIREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.00 | -0.13 |
| Martin ratioReturn relative to average drawdown | 7.84 | 7.24 | +0.60 |
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Drawdowns
TCLRX vs. TIREX - Drawdown Comparison
The maximum TCLRX drawdown since its inception was -53.91%, smaller than the maximum TIREX drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for TCLRX and TIREX.
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Drawdown Indicators
| TCLRX | TIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.91% | -74.18% | +20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -8.55% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | -17.95% | +6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -35.67% | +12.58% |
Max Drawdown (10Y)Largest decline over 10 years | -27.96% | -39.26% | +11.30% |
Current DrawdownCurrent decline from peak | -1.15% | -2.11% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -13.41% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.44% | -0.78% |
Volatility
TCLRX vs. TIREX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle 2035 Fund (TCLRX) is 2.82%, while TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a volatility of 4.36%. This indicates that TCLRX experiences smaller price fluctuations and is considered to be less risky than TIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLRX | TIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.36% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 10.89% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.37% | 13.71% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.30% | 18.89% | -7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 20.19% | -7.66% |
TCLRX vs. TIREX - Expense Ratio Comparison
TCLRX has a 0.50% expense ratio, which is higher than TIREX's 0.47% expense ratio.
Dividends
TCLRX vs. TIREX - Dividend Comparison
TCLRX's dividend yield for the trailing twelve months is around 4.58%, more than TIREX's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCLRX TIAA-CREF Lifecycle 2035 Fund | 4.58% | 4.85% | 2.74% | 1.61% | 5.83% | 7.91% | 5.16% | 3.80% | 6.54% | 2.60% | 5.11% | 5.35% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.37% | 3.56% | 3.08% | 2.71% | 5.13% | 3.07% | 1.80% | 6.18% | 3.54% | 7.20% | 4.16% | 5.65% |
Frequently Asked Questions
TCLRX and TIREX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIREX has higher volatility (4.36%) compared to TCLRX (2.82%). In terms of maximum drawdown, TCLRX dropped -53.91% vs TIREX's -74.18%.
TCLRX currently has the higher Sharpe Ratio (1.39 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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