TCLRX vs. URINX

Last updated Aug 1, 2026

TCLRX (TIAA-CREF Lifecycle 2035 Fund) and URINX (USAA Target Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, TCLRX returned 8.79%/yr vs 5.57%/yr for URINX. Their correlation of 0.90 means they have usually moved in the same direction. TCLRX charges 0.50%/yr vs 0.04%/yr for URINX.

Performance

TCLRX vs. URINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle 2035 Fund (TCLRX) and USAA Target Retirement Income Fund (URINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TCLRX having a 5.83% return and URINX slightly higher at 5.97%. Over the past 10 years, TCLRX has outperformed URINX with an annualized return of 8.79%, while URINX has yielded a comparatively lower 5.57% 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%

URINX

• 1D: 0.59%
• 1M: 0.17%
• 6M: 4.23%
• YTD: 5.97%
• 1Y: 11.68%
• 3Y*: 9.68%
• 5Y*: 4.98%
• 10Y*: 5.57%
• ALL TIME*: 6.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TCLRX TIAA-CREF Lifecycle 2035 Fund	$0.00	$0.00	$0.00
URINX USAA Target Retirement Income Fund	$0.00	$0.00	$0.00

TCLRX vs. URINX - 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%
URINX USAA Target Retirement Income Fund	5.97%	12.36%	6.66%	10.79%	-10.38%	6.47%	8.74%	11.72%	-3.00%	8.34%

Correlation

The correlation between TCLRX and URINX is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 15, 2008	0.90

The correlation between TCLRX and URINX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

TCLRX vs. URINX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TCLRX

TCLRX Risk / Return Rank: 51
TCLRX Sharpe Ratio Rank: 50
TCLRX Sortino Ratio Rank: 50
TCLRX Omega Ratio Rank: 49
TCLRX Calmar Ratio Rank: 47
TCLRX Martin Ratio Rank: 58

URINX

URINX Risk / Return Rank: 85
URINX Sharpe Ratio Rank: 85
URINX Sortino Ratio Rank: 84
URINX Omega Ratio Rank: 83
URINX Calmar Ratio Rank: 85
URINX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TCLRX vs. URINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2035 Fund (TCLRX) and USAA Target Retirement Income Fund (URINX). 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	URINX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.05	-0.66
Sortino ratio: Return per unit of downside risk	2.00	3.01	-1.01
Omega ratio: Gain probability vs. loss probability	1.25	1.39	-0.14
Calmar ratio: Return relative to maximum drawdown	1.86	2.94	-1.08
Martin ratio: Return relative to average drawdown	7.84	12.40	-4.56

TCLRX vs. URINX - Sharpe Ratio Comparison

The current TCLRX Sharpe Ratio is 1.39, which is lower than the URINX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of TCLRX and URINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TCLRX vs. URINX - Drawdown Comparison

The maximum TCLRX drawdown since its inception was -53.91%, which is greater than URINX's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for TCLRX and URINX.

Drawdown Indicators

	TCLRX	URINX	Difference
Max Drawdown Largest peak-to-trough decline	-53.91%	-15.27%	-38.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	-3.92%	-3.06%
Max Drawdown (3Y) Largest decline over 3 years	-11.24%	-4.84%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.09%	-15.27%	-7.82%
Max Drawdown (10Y) Largest decline over 10 years	-27.96%	-15.27%	-12.69%
Current Drawdown Current decline from peak	-1.15%	-0.30%	-0.85%
Average Drawdown Average peak-to-trough decline	-7.36%	-1.90%	-5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	0.93%	+0.73%

Volatility

TCLRX vs. URINX - Volatility Comparison

TIAA-CREF Lifecycle 2035 Fund (TCLRX) has a higher volatility of 2.82% compared to USAA Target Retirement Income Fund (URINX) at 1.44%. This indicates that TCLRX's price experiences larger fluctuations and is considered to be riskier than URINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCLRX	URINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	1.44%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	4.82%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	9.37%	5.64%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.30%	6.37%	+4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.53%	5.87%	+6.66%

TCLRX vs. URINX - Expense Ratio Comparison

TCLRX has a 0.50% expense ratio, which is higher than URINX's 0.04% expense ratio.

Dividends

TCLRX vs. URINX - Dividend Comparison

TCLRX's dividend yield for the trailing twelve months is around 4.58%, less than URINX's 5.81% 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%
URINX USAA Target Retirement Income Fund	5.81%	6.07%	4.22%	3.48%	6.63%	6.66%	3.97%	6.37%	6.11%	5.68%	3.34%	4.54%

Frequently Asked Questions

Can I hold both TCLRX and URINX in my portfolio?

With a correlation of 0.94, TCLRX and URINX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TCLRX or URINX?

TCLRX has higher volatility (2.82%) compared to URINX (1.44%). In terms of maximum drawdown, TCLRX dropped -53.91% vs URINX's -15.27%.

Which has better risk-adjusted returns?

URINX currently has the higher Sharpe Ratio (2.05 vs 1.39), 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.