TLYIX vs. VFORX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2035 Fund (TLYIX) and Vanguard Target Retirement 2040 Fund (VFORX).
TLYIX is managed by TIAA Investments. It was launched on Sep 29, 2009. VFORX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLYIX or VFORX.
Key characteristics
| TLYIX | VFORX | |
|---|---|---|
| YTD Return | 14.15% | 15.04% |
| 1Y Return | 24.83% | 26.49% |
| 3Y Return (Ann) | 3.67% | 3.99% |
| 5Y Return (Ann) | 8.69% | 9.21% |
| 10Y Return (Ann) | 8.11% | 8.34% |
| Sharpe Ratio | 2.44 | 2.60 |
| Sortino Ratio | 3.48 | 3.68 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 2.20 | 2.29 |
| Martin Ratio | 17.03 | 16.57 |
| Ulcer Index | 1.40% | 1.55% |
| Daily Std Dev | 9.79% | 9.88% |
| Max Drawdown | -26.39% | -51.63% |
| Current Drawdown | -0.07% | -0.11% |
Correlation
The correlation between TLYIX and VFORX 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
TLYIX vs. VFORX - Performance Comparison
In the year-to-date period, TLYIX achieves a 14.15% return, which is significantly lower than VFORX's 15.04% return. Both investments have delivered pretty close results over the past 10 years, with TLYIX having a 8.11% annualized return and VFORX not far ahead at 8.34%. 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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TLYIX vs. VFORX - Expense Ratio Comparison
TLYIX has a 0.10% expense ratio, which is higher than VFORX'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
TLYIX vs. VFORX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2035 Fund (TLYIX) and Vanguard Target Retirement 2040 Fund (VFORX). 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
TLYIX vs. VFORX - Dividend Comparison
TLYIX's dividend yield for the trailing twelve months is around 1.92%, less than VFORX's 2.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLYIX TIAA-CREF Lifecycle Index 2035 Fund | 1.92% | 2.19% | 2.11% | 1.88% | 1.68% | 2.15% | 2.41% | 1.91% | 2.07% | 2.16% | 2.17% | 1.87% |
VFORX Vanguard Target Retirement 2040 Fund | 2.07% | 2.38% | 2.10% | 2.39% | 1.62% | 2.28% | 2.41% | 1.91% | 1.98% | 2.16% | 1.93% | 1.77% |
Drawdowns
TLYIX vs. VFORX - Drawdown Comparison
The maximum TLYIX drawdown since its inception was -26.39%, smaller than the maximum VFORX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for TLYIX and VFORX. For additional features, visit the drawdowns tool.
Volatility
TLYIX vs. VFORX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2035 Fund (TLYIX) is 2.32%, while Vanguard Target Retirement 2040 Fund (VFORX) has a volatility of 2.50%. This indicates that TLYIX experiences smaller price fluctuations and is considered to be less risky than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.