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TLXIX vs. VIIIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TLXIXVIIIX
YTD Return17.54%26.91%
1Y Return28.20%35.86%
3Y Return (Ann)5.18%8.17%
5Y Return (Ann)10.69%13.88%
10Y Return (Ann)9.43%12.31%
Sharpe Ratio2.573.06
Sortino Ratio3.484.07
Omega Ratio1.511.57
Calmar Ratio3.084.09
Martin Ratio17.9920.00
Ulcer Index1.64%1.90%
Daily Std Dev11.48%12.36%
Max Drawdown-31.08%-55.18%
Current Drawdown-0.06%0.00%

Correlation

-0.50.00.51.01.0

The correlation between TLXIX and VIIIX is 0.97, 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

TLXIX vs. VIIIX - Performance Comparison

In the year-to-date period, TLXIX achieves a 17.54% return, which is significantly lower than VIIIX's 26.91% return. Over the past 10 years, TLXIX has underperformed VIIIX with an annualized return of 9.43%, while VIIIX has yielded a comparatively higher 12.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
9.99%
15.70%
TLXIX
VIIIX

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TLXIX vs. VIIIX - Expense Ratio Comparison

TLXIX has a 0.10% expense ratio, which is higher than VIIIX's 0.02% 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%.


TLXIX
TIAA-CREF Lifecycle Index 2045 Fund
Expense ratio chart for TLXIX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
Expense ratio chart for VIIIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

TLXIX vs. VIIIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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
Sharpe ratio
The chart of Sharpe ratio for TLXIX, currently valued at 2.57, compared to the broader market0.002.004.002.57
Sortino ratio
The chart of Sortino ratio for TLXIX, currently valued at 3.48, compared to the broader market0.005.0010.003.48
Omega ratio
The chart of Omega ratio for TLXIX, currently valued at 1.51, compared to the broader market1.002.003.004.001.51
Calmar ratio
The chart of Calmar ratio for TLXIX, currently valued at 3.08, compared to the broader market0.005.0010.0015.0020.0025.003.08
Martin ratio
The chart of Martin ratio for TLXIX, currently valued at 17.99, compared to the broader market0.0020.0040.0060.0080.00100.0017.99
VIIIX
Sharpe ratio
The chart of Sharpe ratio for VIIIX, currently valued at 3.06, compared to the broader market0.002.004.003.06
Sortino ratio
The chart of Sortino ratio for VIIIX, currently valued at 4.07, compared to the broader market0.005.0010.004.07
Omega ratio
The chart of Omega ratio for VIIIX, currently valued at 1.57, compared to the broader market1.002.003.004.001.57
Calmar ratio
The chart of Calmar ratio for VIIIX, currently valued at 4.09, compared to the broader market0.005.0010.0015.0020.0025.004.09
Martin ratio
The chart of Martin ratio for VIIIX, currently valued at 20.00, compared to the broader market0.0020.0040.0060.0080.00100.0020.00

TLXIX vs. VIIIX - Sharpe Ratio Comparison

The current TLXIX Sharpe Ratio is 2.57, which is comparable to the VIIIX Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of TLXIX and VIIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.57
3.06
TLXIX
VIIIX

Dividends

TLXIX vs. VIIIX - Dividend Comparison

TLXIX's dividend yield for the trailing twelve months is around 1.76%, more than VIIIX's 1.25% yield.


TTM20232022202120202019201820172016201520142013
TLXIX
TIAA-CREF Lifecycle Index 2045 Fund
1.76%2.07%2.00%1.89%1.60%2.15%2.41%1.93%2.10%2.19%2.21%1.90%
VIIIX
Vanguard Institutional Index Fund Institutional Plus Shares
1.25%1.49%1.75%1.30%1.60%1.93%2.14%1.84%2.09%2.47%1.90%1.87%

Drawdowns

TLXIX vs. VIIIX - Drawdown Comparison

The maximum TLXIX drawdown since its inception was -31.08%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for TLXIX and VIIIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.06%
0
TLXIX
VIIIX

Volatility

TLXIX vs. VIIIX - Volatility Comparison

The current volatility for TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) is 2.86%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 3.89%. This indicates that TLXIX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.86%
3.89%
TLXIX
VIIIX