TLXIX vs. VTIVX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) and Vanguard Target Retirement 2045 Fund (VTIVX).
TLXIX is managed by TIAA Investments. It was launched on Sep 29, 2009. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLXIX or VTIVX.
Key characteristics
| TLXIX | VTIVX | |
|---|---|---|
| YTD Return | 13.36% | 12.72% |
| 1Y Return | 21.80% | 21.06% |
| 3Y Return (Ann) | 5.14% | 4.63% |
| 5Y Return (Ann) | 10.56% | 10.06% |
| 10Y Return (Ann) | 9.02% | 8.48% |
| Sharpe Ratio | 1.82 | 1.98 |
| Daily Std Dev | 11.90% | 10.53% |
| Max Drawdown | -31.08% | -51.69% |
| Current Drawdown | -0.54% | -0.43% |
Correlation
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
The year-to-date returns for both stocks are quite close, with TLXIX having a 13.36% return and VTIVX slightly lower at 12.72%. Over the past 10 years, TLXIX has outperformed VTIVX with an annualized return of 9.02%, while VTIVX has yielded a comparatively lower 8.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
Dividends
TLXIX vs. VTIVX - Dividend Comparison
TLXIX's dividend yield for the trailing twelve months is around 1.83%, less than VTIVX's 2.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLXIX TIAA-CREF Lifecycle Index 2045 Fund | 1.83% | 2.07% | 2.49% | 2.51% | 1.77% | 2.25% | 2.69% | 2.09% | 2.59% | 2.47% | 2.31% | 2.30% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.02% | 2.28% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 1.95% | 2.47% | 3.29% | 2.07% | 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.
Volatility
TLXIX vs. VTIVX - Volatility Comparison
TIAA-CREF Lifecycle Index 2045 Fund (TLXIX) has a higher volatility of 3.41% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 3.21%. 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.