TILVX vs. TBLEX

Last updated Jun 4, 2026

TILVX (TIAA-CREF Large-Cap Value Index Fund) and TBLEX (T. Rowe Price Retirement Blend 2025 Fund) are both mutual funds - TILVX is a Large Cap Value Equities fund managed by TIAA Investments, while TBLEX is a Target Retirement Date fund managed by T. Rowe Price. Over the past 3 years, TILVX returned 18.53%/yr vs 13.23%/yr for TBLEX. Their correlation of 0.86 suggests significant overlap in exposure. TILVX charges 0.05%/yr vs 0.22%/yr for TBLEX.

Performance

TILVX vs. TBLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Large-Cap Value Index Fund (TILVX) and T. Rowe Price Retirement Blend 2025 Fund (TBLEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TILVX achieves a 14.30% return, which is significantly higher than TBLEX's 7.21% return.

TILVX

• 1D: 0.79%
• 1M: 4.27%
• YTD: 14.30%
• 6M: 14.82%
• 1Y: 28.25%
• 3Y*: 18.53%
• 5Y*: 10.41%
• 10Y*: 11.10%

TBLEX

• 1D: 0.26%
• 1M: 2.98%
• YTD: 7.21%
• 6M: 7.58%
• 1Y: 17.25%
• 3Y*: 13.23%
• 5Y*: —
• 10Y*: —

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

TILVX vs. TBLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TILVX TIAA-CREF Large-Cap Value Index Fund	14.30%	15.81%	14.26%	11.49%	-7.57%	6.03%
TBLEX T. Rowe Price Retirement Blend 2025 Fund	7.21%	13.88%	10.29%	15.00%	-15.23%	2.43%

Correlation

The correlation between TILVX and TBLEX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 2, 2021	0.86

The correlation between TILVX and TBLEX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

TILVX vs. TBLEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TILVX

TILVX Risk / Return Rank: 83
TILVX Sharpe Ratio Rank: 83
TILVX Sortino Ratio Rank: 81
TILVX Omega Ratio Rank: 74
TILVX Calmar Ratio Rank: 88
TILVX Martin Ratio Rank: 90

TBLEX

TBLEX Risk / Return Rank: 70
TBLEX Sharpe Ratio Rank: 73
TBLEX Sortino Ratio Rank: 72
TBLEX Omega Ratio Rank: 73
TBLEX Calmar Ratio Rank: 62
TBLEX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TILVX vs. TBLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Large-Cap Value Index Fund (TILVX) and T. Rowe Price Retirement Blend 2025 Fund (TBLEX). 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.

	TILVX	TBLEX	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.48	+0.22
Sortino ratio: Return per unit of downside risk	3.81	3.56	+0.25
Omega ratio: Gain probability vs. loss probability	1.49	1.48	0.00
Calmar ratio: Return relative to maximum drawdown	4.30	3.02	+1.28
Martin ratio: Return relative to average drawdown	18.01	13.48	+4.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TILVX vs. TBLEX - Sharpe Ratio Comparison

The current TILVX Sharpe Ratio is 2.70, which is comparable to the TBLEX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of TILVX and TBLEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TILVX	TBLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	2.48	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.65	-0.17

Drawdowns

TILVX vs. TBLEX - Drawdown Comparison

The maximum TILVX drawdown since its inception was -60.05%, which is greater than TBLEX's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for TILVX and TBLEX.

Drawdown Indicators

	TILVX	TBLEX	Difference
Max Drawdown Largest peak-to-trough decline	-60.05%	-21.51%	-38.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-5.80%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-8.94%	-6.64%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.15%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.26%	-5.41%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.30%	+0.32%

Volatility

TILVX vs. TBLEX - Volatility Comparison

TIAA-CREF Large-Cap Value Index Fund (TILVX) has a higher volatility of 3.04% compared to T. Rowe Price Retirement Blend 2025 Fund (TBLEX) at 2.26%. This indicates that TILVX's price experiences larger fluctuations and is considered to be riskier than TBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TILVX	TBLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.26%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	5.75%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	7.07%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	9.80%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	9.80%	+7.86%

TILVX vs. TBLEX - Expense Ratio Comparison

TILVX has a 0.05% expense ratio, which is lower than TBLEX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TILVX vs. TBLEX - Dividend Comparison

TILVX's dividend yield for the trailing twelve months is around 5.21%, more than TBLEX's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBLEX T. Rowe Price Retirement Blend 2025 Fund	3.03%	3.25%	2.73%	2.41%	3.09%	2.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TILVX TIAA-CREF Large-Cap Value Index Fund	5.21%	5.96%	3.04%	4.90%	4.57%	3.77%	2.26%	7.05%	4.68%	2.01%	3.14%	4.24%

Frequently Asked Questions

Can I hold both TILVX and TBLEX in my portfolio?

TILVX and TBLEX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TILVX or TBLEX?

TILVX has higher volatility (3.04%) compared to TBLEX (2.26%). In terms of maximum drawdown, TILVX dropped -60.05% vs TBLEX's -21.51%.

Which has better risk-adjusted returns?

TILVX currently has the higher Sharpe Ratio (2.70 vs 2.48), 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.