TLXIX vs. FRKMX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
TLXIX 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
TLXIX vs. FRKMX - Performance Comparison
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TLXIX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TLXIX TIAA-CREF Lifecycle Index 2045 Fund | -4.07% | 20.13% | 14.63% | 20.06% | -17.26% | 16.63% | 17.02% | 8.82% |
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, TLXIX achieves a -4.07% return, which is significantly lower than FRKMX's -0.48% 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%
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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TLXIX vs. FRKMX - Expense Ratio Comparison
TLXIX has a 0.10% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
TLXIX vs. FRKMX — Risk / Return Rank
TLXIX
FRKMX
TLXIX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) 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.
| TLXIX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.59 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.20 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.13 | -0.84 |
Martin ratioReturn relative to average drawdown | 6.09 | 8.58 | -2.49 |
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
| TLXIX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.59 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.48 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.69 | 0.00 |
Correlation
The correlation between TLXIX and FRKMX is 0.72, 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. FRKMX - Dividend Comparison
TLXIX's dividend yield for the trailing twelve months is around 3.37%, more than FRKMX's 3.27% 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% |
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
TLXIX vs. FRKMX - Drawdown Comparison
The maximum TLXIX drawdown since its inception was -31.08%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for TLXIX and FRKMX.
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Drawdown Indicators
| TLXIX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.08% | -16.04% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -3.42% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.97% | -16.04% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -31.08% | — | — |
Current DrawdownCurrent decline from peak | -8.45% | -3.17% | -5.28% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -3.64% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 0.85% | +1.44% |
Volatility
TLXIX vs. FRKMX - Volatility Comparison
TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) has a higher volatility of 4.51% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that TLXIX'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
| TLXIX | FRKMX | 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% | 4.58% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 5.22% | +8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 5.13% | +9.96% |