TLWIX vs. FRKMX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2020 Fund (TLWIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
TLWIX is managed by TIAA Investments. It was launched on Sep 29, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
TLWIX vs. FRKMX - Performance Comparison
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TLWIX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TLWIX TIAA-CREF Lifecycle Index 2020 Fund | -0.80% | 13.75% | 8.69% | 13.06% | -14.37% | 8.73% | 13.06% | 5.59% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, TLWIX achieves a -0.80% return, which is significantly lower than FRKMX's -0.48% return.
TLWIX
- 1D
- 1.38%
- 1M
- -3.23%
- YTD
- -0.80%
- 6M
- 0.76%
- 1Y
- 11.25%
- 3Y*
- 9.73%
- 5Y*
- 4.81%
- 10Y*
- 6.84%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
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TLWIX vs. FRKMX - Expense Ratio Comparison
TLWIX has a 0.10% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
TLWIX vs. FRKMX — Risk / Return Rank
TLWIX
FRKMX
TLWIX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2020 Fund (TLWIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.59 | -0.13 |
Sortino ratioReturn per unit of downside risk | 2.09 | 2.20 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.13 | -0.20 |
Martin ratioReturn relative to average drawdown | 8.33 | 8.58 | -0.25 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.59 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.48 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.69 | +0.07 |
Correlation
The correlation between TLWIX and FRKMX is 0.84, 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. FRKMX - Dividend Comparison
TLWIX's dividend yield for the trailing twelve months is around 7.44%, more than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLWIX TIAA-CREF Lifecycle Index 2020 Fund | 7.44% | 7.38% | 6.98% | 3.45% | 3.25% | 5.17% | 2.31% | 2.31% | 2.91% | 0.14% | 2.35% | 0.21% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TLWIX vs. FRKMX - Drawdown Comparison
The maximum TLWIX drawdown since its inception was -19.93%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for TLWIX and FRKMX.
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Drawdown Indicators
| TLWIX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -16.04% | -3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -3.42% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -16.04% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | — | — |
Current DrawdownCurrent decline from peak | -3.74% | -3.17% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -3.64% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.85% | +0.49% |
Volatility
TLWIX vs. FRKMX - Volatility Comparison
TIAA-CREF Lifecycle Index 2020 Fund (TLWIX) has a higher volatility of 3.18% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that TLWIX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLWIX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 1.96% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 2.86% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 4.58% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 5.22% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.08% | 5.13% | +3.95% |