TIREX vs. TLLVX

Last updated Jun 26, 2026

TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) and TLLVX (TIAA-CREF Life Funds Large-Cap Value Fund) are both mutual funds - TIREX is a REIT fund managed by TIAA Investments, while TLLVX is a Large Cap Value Equities fund managed by TIAA Investments. Over the past 5 years, TIREX returned 2.08%/yr vs 11.72%/yr for TLLVX. A 0.64 correlation means they provide meaningful diversification when combined. TIREX charges 0.47%/yr vs 0.52%/yr for TLLVX.

Performance

TIREX vs. TLLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and TIAA-CREF Life Funds Large-Cap Value Fund (TLLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TIREX having a 13.31% return and TLLVX slightly lower at 13.02%.

TIREX

• 1D: 0.05%
• 1M: 0.35%
• YTD: 13.31%
• 6M: 12.80%
• 1Y: 16.00%
• 3Y*: 11.51%
• 5Y*: 2.08%
• 10Y*: 6.80%

TLLVX

• 1D: 0.08%
• 1M: 2.16%
• YTD: 13.02%
• 6M: 11.85%
• 1Y: 25.79%
• 3Y*: 18.81%
• 5Y*: 11.72%
• 10Y*: —

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

TIREX vs. TLLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class	13.31%	2.10%	5.30%	12.16%	-28.74%	39.39%	1.29%	11.05%
TLLVX TIAA-CREF Life Funds Large-Cap Value Fund	13.02%	17.31%	14.75%	14.29%	-7.21%	26.84%	3.99%	14.67%

Correlation

The correlation between TIREX and TLLVX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 13, 2019	0.64

The correlation between TIREX and TLLVX shifts across timeframes, from 0.52 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TIREX vs. TLLVX — Risk / Return Rank

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

TIREX

TIREX Risk / Return Rank: 20
TIREX Sharpe Ratio Rank: 17
TIREX Sortino Ratio Rank: 16
TIREX Omega Ratio Rank: 16
TIREX Calmar Ratio Rank: 25
TIREX Martin Ratio Rank: 26

TLLVX

TLLVX Risk / Return Rank: 83
TLLVX Sharpe Ratio Rank: 82
TLLVX Sortino Ratio Rank: 81
TLLVX Omega Ratio Rank: 78
TLLVX Calmar Ratio Rank: 85
TLLVX Martin Ratio Rank: 88

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.

TIREX vs. TLLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and TIAA-CREF Life Funds Large-Cap Value Fund (TLLVX). 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.

	TIREX	TLLVX	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.26	-1.29
Sortino ratio: Return per unit of downside risk	1.37	3.21	-1.83
Omega ratio: Gain probability vs. loss probability	1.17	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.54	3.44	-1.91
Martin ratio: Return relative to average drawdown	5.27	13.91	-8.64

TIREX vs. TLLVX - Sharpe Ratio Comparison

The current TIREX Sharpe Ratio is 0.97, which is lower than the TLLVX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TIREX and TLLVX, 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

TIREX vs. TLLVX - Drawdown Comparison

The maximum TIREX drawdown since its inception was -74.18%, which is greater than TLLVX's maximum drawdown of -38.31%. Use the drawdown chart below to compare losses from any high point for TIREX and TLLVX.

Drawdown Indicators

	TIREX	TLLVX	Difference
Max Drawdown Largest peak-to-trough decline	-74.18%	-38.31%	-35.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-7.38%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-17.95%	-14.75%	-3.20%
Max Drawdown (5Y) Largest decline over 5 years	-35.67%	-20.32%	-15.35%
Max Drawdown (10Y) Largest decline over 10 years	-39.26%	—	—
Current Drawdown Current decline from peak	-2.63%	-1.13%	-1.50%
Average Drawdown Average peak-to-trough decline	-13.46%	-4.67%	-8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	1.82%	+0.70%

Volatility

TIREX vs. TLLVX - Volatility Comparison

TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a higher volatility of 5.24% compared to TIAA-CREF Life Funds Large-Cap Value Fund (TLLVX) at 3.99%. This indicates that TIREX's price experiences larger fluctuations and is considered to be riskier than TLLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIREX	TLLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	3.99%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	8.75%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	11.26%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	14.67%	+4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	19.47%	+0.71%

TIREX vs. TLLVX - Expense Ratio Comparison

TIREX has a 0.47% expense ratio, which is lower than TLLVX's 0.52% expense ratio.

Dividends

TIREX vs. TLLVX - Dividend Comparison

TIREX's dividend yield for the trailing twelve months is around 2.43%, less than TLLVX's 7.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class	2.43%	3.56%	3.08%	2.71%	5.13%	3.07%	1.80%	6.18%	3.54%	7.20%	4.16%	5.65%
TLLVX TIAA-CREF Life Funds Large-Cap Value Fund	7.47%	8.44%	8.50%	2.97%	5.76%	1.29%	1.80%	6.41%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIREX and TLLVX in my portfolio?

TIREX and TLLVX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIREX or TLLVX?

TIREX has higher volatility (5.24%) compared to TLLVX (3.99%). In terms of maximum drawdown, TIREX dropped -74.18% vs TLLVX's -38.31%.

Which has better risk-adjusted returns?

TLLVX currently has the higher Sharpe Ratio (2.26 vs 0.97), 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.