TFITX vs. TLXIX
TFITX (TIAA-CREF Lifecycle Index 2065 Fund) and TLXIX (TIAA-CREF Lifecycle Index 2045 Fund) are both Target Retirement Date funds from TIAA Investments. Over the past 5 years, TFITX returned 11.06%/yr vs 10.18%/yr for TLXIX. With a 1.00 correlation, they move nearly in lockstep. TFITX charges 0.11%/yr vs 0.10%/yr for TLXIX.
Performance
TFITX vs. TLXIX - Performance Comparison
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Returns By Period
In the year-to-date period, TFITX achieves a 12.03% return, which is significantly higher than TLXIX's 10.97% return.
TFITX
- 1D
- 1.29%
- 1M
- 1.90%
- YTD
- 12.03%
- 6M
- 11.83%
- 1Y
- 28.15%
- 3Y*
- 18.92%
- 5Y*
- 11.06%
- 10Y*
- —
TLXIX
- 1D
- 1.14%
- 1M
- 1.76%
- YTD
- 10.97%
- 6M
- 10.82%
- 1Y
- 26.01%
- 3Y*
- 17.70%
- 5Y*
- 10.18%
- 10Y*
- 11.91%
TFITX vs. TLXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TFITX TIAA-CREF Lifecycle Index 2065 Fund | 12.03% | 21.24% | 15.76% | 21.16% | -17.62% | 18.06% | 10.38% |
TLXIX TIAA-CREF Lifecycle Index 2045 Fund | 10.97% | 20.13% | 14.63% | 20.06% | -17.26% | 16.63% | 9.28% |
Correlation
The correlation between TFITX and TLXIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 1.00 |
The correlation between TFITX and TLXIX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TFITX vs. TLXIX — Risk / Return Rank
TFITX
TLXIX
TFITX vs. TLXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2065 Fund (TFITX) and TIAA-CREF Lifecycle Index 2045 Fund (TLXIX). 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.
| TFITX | TLXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.05 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.38 | 13.27 | +0.11 |
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Drawdowns
TFITX vs. TLXIX - Drawdown Comparison
The maximum TFITX drawdown since its inception was -25.64%, smaller than the maximum TLXIX drawdown of -31.08%. Use the drawdown chart below to compare losses from any high point for TFITX and TLXIX.
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Drawdown Indicators
| TFITX | TLXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.64% | -31.08% | +5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -8.45% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -14.27% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -24.97% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.08% | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.42% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.02% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.94% | +0.14% |
Volatility
TFITX vs. TLXIX - Volatility Comparison
TIAA-CREF Lifecycle Index 2065 Fund (TFITX) has a higher volatility of 5.14% compared to TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) at 4.70%. This indicates that TFITX's price experiences larger fluctuations and is considered to be riskier than TLXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFITX | TLXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.70% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 9.59% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 11.58% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 14.06% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.90% | 15.18% | -0.28% |
TFITX vs. TLXIX - Expense Ratio Comparison
TFITX has a 0.11% expense ratio, which is higher than TLXIX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TFITX vs. TLXIX - Dividend Comparison
TFITX's dividend yield for the trailing twelve months is around 2.18%, less than TLXIX's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFITX TIAA-CREF Lifecycle Index 2065 Fund | 2.18% | 2.44% | 2.12% | 2.05% | 2.09% | 1.84% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLXIX TIAA-CREF Lifecycle Index 2045 Fund | 2.92% | 3.24% | 2.33% | 2.07% | 2.49% | 2.51% | 1.77% | 2.25% | 2.69% | 0.16% | 2.59% | 2.47% |
Frequently Asked Questions
With a correlation of 1.00, TFITX and TLXIX 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.
TFITX has higher volatility (5.14%) compared to TLXIX (4.70%). In terms of maximum drawdown, TFITX dropped -25.64% vs TLXIX's -31.08%.
TLXIX currently has the higher Sharpe Ratio (2.23 vs 2.22), 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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