TLRIX vs. SPY
Compare and contrast key facts about TIAA-CREF Lifecycle Retirement Income Fund (TLRIX) and SPDR S&P 500 ETF (SPY).
TLRIX is managed by TIAA Investments. It was launched on Nov 29, 2007. 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: TLRIX or SPY.
Key characteristics
TLRIX | SPY | |
---|---|---|
YTD Return | 8.40% | 18.86% |
1Y Return | 14.24% | 28.13% |
3Y Return (Ann) | 1.92% | 9.87% |
5Y Return (Ann) | 4.96% | 15.23% |
10Y Return (Ann) | 5.03% | 12.80% |
Sharpe Ratio | 2.38 | 2.21 |
Daily Std Dev | 5.88% | 12.60% |
Max Drawdown | -26.70% | -55.19% |
Current Drawdown | -0.26% | -0.61% |
Correlation
The correlation between TLRIX and SPY is 0.90, 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.
Performance
TLRIX vs. SPY - Performance Comparison
In the year-to-date period, TLRIX achieves a 8.40% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, TLRIX has underperformed SPY with an annualized return of 5.03%, while SPY has yielded a comparatively higher 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TLRIX vs. SPY - Expense Ratio Comparison
TLRIX has a 0.26% 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%.
Risk-Adjusted Performance
TLRIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Retirement Income Fund (TLRIX) 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
TLRIX vs. SPY - Dividend Comparison
TLRIX's dividend yield for the trailing twelve months is around 3.40%, more than SPY's 0.94% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TIAA-CREF Lifecycle Retirement Income Fund | 3.40% | 3.32% | 6.10% | 7.66% | 5.77% | 2.43% | 6.04% | 3.68% | 3.75% | 4.31% | 4.13% | 3.48% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TLRIX vs. SPY - Drawdown Comparison
The maximum TLRIX drawdown since its inception was -26.70%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TLRIX and SPY. For additional features, visit the drawdowns tool.
Volatility
TLRIX vs. SPY - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Retirement Income Fund (TLRIX) is 1.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that TLRIX 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.