TLWIX vs. FBALX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2020 Fund (TLWIX) and Fidelity Balanced Fund (FBALX).
TLWIX is managed by TIAA Investments. It was launched on Sep 29, 2009. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
TLWIX vs. FBALX - Performance Comparison
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TLWIX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLWIX TIAA-CREF Lifecycle Index 2020 Fund | -2.15% | 13.75% | 8.69% | 13.06% | -14.37% | 8.73% | 13.06% | 17.96% | -3.77% | 11.56% |
FBALX Fidelity Balanced Fund | -3.70% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Returns By Period
In the year-to-date period, TLWIX achieves a -2.15% return, which is significantly higher than FBALX's -3.70% return. Over the past 10 years, TLWIX has underperformed FBALX with an annualized return of 6.70%, while FBALX has yielded a comparatively higher 10.51% annualized return.
TLWIX
- 1D
- 0.10%
- 1M
- -4.92%
- YTD
- -2.15%
- 6M
- -0.28%
- 1Y
- 10.02%
- 3Y*
- 9.23%
- 5Y*
- 4.67%
- 10Y*
- 6.70%
FBALX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.91%
- 1Y
- 13.97%
- 3Y*
- 12.91%
- 5Y*
- 7.44%
- 10Y*
- 10.51%
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TLWIX vs. FBALX - Expense Ratio Comparison
TLWIX has a 0.10% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
TLWIX vs. FBALX — Risk / Return Rank
TLWIX
FBALX
TLWIX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2020 Fund (TLWIX) and Fidelity Balanced Fund (FBALX). 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.
| TLWIX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.22 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.78 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.61 | +0.04 |
Martin ratioReturn relative to average drawdown | 7.26 | 7.56 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLWIX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.22 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.62 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.83 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.78 | -0.03 |
Correlation
The correlation between TLWIX and FBALX is 0.96, 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.
Dividends
TLWIX vs. FBALX - Dividend Comparison
TLWIX's dividend yield for the trailing twelve months is around 7.55%, more than FBALX's 5.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLWIX TIAA-CREF Lifecycle Index 2020 Fund | 7.55% | 7.38% | 6.98% | 3.45% | 3.25% | 5.17% | 2.31% | 2.31% | 2.91% | 0.14% | 2.35% | 0.21% |
FBALX Fidelity Balanced Fund | 5.90% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
TLWIX vs. FBALX - Drawdown Comparison
The maximum TLWIX drawdown since its inception was -19.93%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for TLWIX and FBALX.
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Drawdown Indicators
| TLWIX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -43.57% | +23.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -8.14% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -22.89% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -26.68% | +6.75% |
Current DrawdownCurrent decline from peak | -5.06% | -6.47% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -4.39% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.74% | -0.42% |
Volatility
TLWIX vs. FBALX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2020 Fund (TLWIX) is 2.75%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.50%. This indicates that TLWIX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLWIX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.50% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 6.47% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.90% | 11.80% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.16% | 12.15% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 12.73% | -3.66% |