TCLTX vs. FRAMX
Compare and contrast key facts about TIAA-CREF Lifecycle 2020 Fund (TCLTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
TCLTX is managed by TIAA Investments. It was launched on Oct 14, 2004. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
TCLTX vs. FRAMX - Performance Comparison
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TCLTX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCLTX TIAA-CREF Lifecycle 2020 Fund | -2.54% | 12.09% | 8.17% | 11.68% | -13.76% | 8.19% | 12.11% | 17.49% | -5.43% | 12.89% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, TCLTX achieves a -2.54% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, TCLTX has outperformed FRAMX with an annualized return of 6.20%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
TCLTX
- 1D
- 0.00%
- 1M
- -4.81%
- YTD
- -2.54%
- 6M
- -0.65%
- 1Y
- 8.67%
- 3Y*
- 8.24%
- 5Y*
- 3.94%
- 10Y*
- 6.20%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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TCLTX vs. FRAMX - Expense Ratio Comparison
TCLTX has a 0.52% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
TCLTX vs. FRAMX — Risk / Return Rank
TCLTX
FRAMX
TCLTX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2020 Fund (TCLTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| TCLTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.50 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.09 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.00 | -0.48 |
Martin ratioReturn relative to average drawdown | 6.37 | 8.06 | -1.69 |
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
| TCLTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.50 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.41 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.82 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.49 | 0.00 |
Correlation
The correlation between TCLTX and FRAMX is 0.92, 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
TCLTX vs. FRAMX - Dividend Comparison
TCLTX's dividend yield for the trailing twelve months is around 4.60%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCLTX TIAA-CREF Lifecycle 2020 Fund | 4.60% | 4.49% | 3.33% | 2.38% | 5.36% | 7.49% | 4.91% | 3.36% | 6.53% | 2.44% | 5.09% | 4.63% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
TCLTX vs. FRAMX - Drawdown Comparison
The maximum TCLTX drawdown since its inception was -44.15%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for TCLTX and FRAMX.
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Drawdown Indicators
| TCLTX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -33.94% | -10.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -3.45% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.99% | -16.31% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -20.39% | -16.31% | -4.08% |
Current DrawdownCurrent decline from peak | -5.01% | -3.20% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -3.87% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.86% | +0.43% |
Volatility
TCLTX vs. FRAMX - Volatility Comparison
TIAA-CREF Lifecycle 2020 Fund (TCLTX) has a higher volatility of 2.49% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that TCLTX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCLTX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.96% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 2.86% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.24% | 4.59% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 5.21% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 4.47% | +3.85% |