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

Key characteristics


TLXIXVTIVX
YTD Return16.27%15.38%
1Y Return24.16%23.24%
3Y Return (Ann)4.78%4.24%
5Y Return (Ann)10.30%9.78%
10Y Return (Ann)9.30%8.74%
Sharpe Ratio2.332.57
Sortino Ratio3.193.59
Omega Ratio1.461.48
Calmar Ratio3.503.09
Martin Ratio16.3317.09
Ulcer Index1.64%1.51%
Daily Std Dev11.50%10.08%
Max Drawdown-31.08%-51.69%
Current Drawdown-1.14%-1.09%

Correlation

-0.50.00.51.01.0

The correlation between TLXIX and VTIVX is 0.99, 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. VTIVX - Performance Comparison

In the year-to-date period, TLXIX achieves a 16.27% return, which is significantly higher than VTIVX's 15.38% return. Over the past 10 years, TLXIX has outperformed VTIVX with an annualized return of 9.30%, while VTIVX has yielded a comparatively lower 8.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
7.09%
6.84%
TLXIX
VTIVX

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TLXIX vs. VTIVX - Expense Ratio Comparison

TLXIX has a 0.10% expense ratio, which is higher than VTIVX's 0.08% 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 VTIVX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

TLXIX vs. VTIVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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 2.33, compared to the broader market0.002.004.002.33
Sortino ratio
The chart of Sortino ratio for TLXIX, currently valued at 3.19, compared to the broader market0.005.0010.003.19
Omega ratio
The chart of Omega ratio for TLXIX, currently valued at 1.46, compared to the broader market1.002.003.004.001.46
Calmar ratio
The chart of Calmar ratio for TLXIX, currently valued at 3.50, compared to the broader market0.005.0010.0015.0020.003.50
Martin ratio
The chart of Martin ratio for TLXIX, currently valued at 16.33, compared to the broader market0.0020.0040.0060.0080.00100.0016.33
VTIVX
Sharpe ratio
The chart of Sharpe ratio for VTIVX, currently valued at 2.57, compared to the broader market0.002.004.002.57
Sortino ratio
The chart of Sortino ratio for VTIVX, currently valued at 3.59, compared to the broader market0.005.0010.003.59
Omega ratio
The chart of Omega ratio for VTIVX, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for VTIVX, currently valued at 3.09, compared to the broader market0.005.0010.0015.0020.003.09
Martin ratio
The chart of Martin ratio for VTIVX, currently valued at 17.09, compared to the broader market0.0020.0040.0060.0080.00100.0017.09

TLXIX vs. VTIVX - Sharpe Ratio Comparison

The current TLXIX Sharpe Ratio is 2.33, which is comparable to the VTIVX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of TLXIX and VTIVX, 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 Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.33
2.57
TLXIX
VTIVX

Dividends

TLXIX vs. VTIVX - Dividend Comparison

TLXIX's dividend yield for the trailing twelve months is around 1.78%, less than VTIVX's 1.98% yield.


TTM20232022202120202019201820172016201520142013
TLXIX
TIAA-CREF Lifecycle Index 2045 Fund
1.78%2.07%2.00%1.89%1.60%2.15%2.41%1.93%2.10%2.19%2.21%1.90%
VTIVX
Vanguard Target Retirement 2045 Fund
1.98%2.28%2.13%2.22%1.60%2.23%2.39%1.90%1.99%2.17%2.05%1.88%

Drawdowns

TLXIX vs. VTIVX - Drawdown Comparison

The maximum TLXIX drawdown since its inception was -31.08%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for TLXIX and VTIVX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.14%
-1.09%
TLXIX
VTIVX

Volatility

TLXIX vs. VTIVX - Volatility Comparison

TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) has a higher volatility of 2.81% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 2.67%. This indicates that TLXIX's price experiences larger fluctuations and is considered to be riskier than VTIVX 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
2.81%
2.67%
TLXIX
VTIVX