TLXIX vs. FRAMX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
TLXIX is managed by TIAA Investments. It was launched on Sep 29, 2009. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
TLXIX vs. FRAMX - Performance Comparison
Loading graphics...
TLXIX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLXIX TIAA-CREF Lifecycle Index 2045 Fund | -4.07% | 20.13% | 14.63% | 20.06% | -17.26% | 16.63% | 17.02% | 25.84% | -6.96% | 18.87% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, TLXIX achieves a -4.07% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, TLXIX has outperformed FRAMX with an annualized return of 10.45%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
TLXIX
- 1D
- -0.23%
- 1M
- -7.96%
- YTD
- -4.07%
- 6M
- -1.37%
- 1Y
- 15.62%
- 3Y*
- 14.13%
- 5Y*
- 7.95%
- 10Y*
- 10.45%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TLXIX vs. FRAMX - Expense Ratio Comparison
TLXIX has a 0.10% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
TLXIX vs. FRAMX — Risk / Return Rank
TLXIX
FRAMX
TLXIX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| TLXIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.50 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.09 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.00 | -0.71 |
Martin ratioReturn relative to average drawdown | 6.09 | 8.06 | -1.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TLXIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.50 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.41 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.82 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.49 | +0.20 |
Correlation
The correlation between TLXIX and FRAMX 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
TLXIX vs. FRAMX - Dividend Comparison
TLXIX's dividend yield for the trailing twelve months is around 3.37%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLXIX TIAA-CREF Lifecycle Index 2045 Fund | 3.37% | 3.24% | 2.33% | 2.07% | 2.49% | 2.51% | 1.77% | 2.25% | 2.69% | 0.16% | 2.59% | 2.47% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
TLXIX vs. FRAMX - Drawdown Comparison
The maximum TLXIX drawdown since its inception was -31.08%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for TLXIX and FRAMX.
Loading graphics...
Drawdown Indicators
| TLXIX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.08% | -33.94% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -3.45% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.97% | -16.31% | -8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -31.08% | -16.31% | -14.77% |
Current DrawdownCurrent decline from peak | -8.45% | -3.20% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -3.87% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 0.86% | +1.43% |
Volatility
TLXIX vs. FRAMX - Volatility Comparison
TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) has a higher volatility of 4.51% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that TLXIX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TLXIX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.96% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 2.86% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 4.59% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 5.21% | +8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 4.47% | +10.62% |