TLLIX vs. SPY
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2050 Fund (TLLIX) and SPDR S&P 500 ETF (SPY).
TLLIX is managed by TIAA Investments. It was launched on Sep 29, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLLIX or SPY.
Performance
TLLIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, TLLIX achieves a 16.25% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, TLLIX has underperformed SPY with an annualized return of 9.32%, while SPY has yielded a comparatively higher 13.07% annualized return.
TLLIX
16.25%
-0.98%
6.70%
22.67%
10.56%
9.32%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| TLLIX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.99 | 2.69 |
| Sortino Ratio | 2.71 | 3.59 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 3.26 | 3.89 |
| Martin Ratio | 13.67 | 17.53 |
| Ulcer Index | 1.72% | 1.87% |
| Daily Std Dev | 11.78% | 12.15% |
| Max Drawdown | -31.41% | -55.19% |
| Current Drawdown | -1.67% | -1.41% |
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TLLIX vs. SPY - Expense Ratio Comparison
TLLIX has a 0.10% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between TLLIX and SPY is 0.97, 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.
Risk-Adjusted Performance
TLLIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2050 Fund (TLLIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TLLIX vs. SPY - Dividend Comparison
TLLIX's dividend yield for the trailing twelve months is around 1.77%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLLIX TIAA-CREF Lifecycle Index 2050 Fund | 1.77% | 2.06% | 1.97% | 1.90% | 1.59% | 2.14% | 2.41% | 1.93% | 2.10% | 2.19% | 2.20% | 1.91% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TLLIX vs. SPY - Drawdown Comparison
The maximum TLLIX drawdown since its inception was -31.41%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TLLIX and SPY. For additional features, visit the drawdowns tool.
Volatility
TLLIX vs. SPY - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2050 Fund (TLLIX) is 3.01%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that TLLIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.