TLZIX vs. FBIFX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009. FBIFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLZIX or FBIFX.
Key characteristics
| TLZIX | FBIFX | |
|---|---|---|
| YTD Return | 16.12% | 16.14% |
| 1Y Return | 27.64% | 28.25% |
| 3Y Return (Ann) | 4.61% | 3.97% |
| 5Y Return (Ann) | 9.79% | 6.23% |
| 10Y Return (Ann) | 8.87% | 7.01% |
| Sharpe Ratio | 2.47 | 2.71 |
| Sortino Ratio | 3.41 | 3.78 |
| Omega Ratio | 1.49 | 1.50 |
| Calmar Ratio | 2.54 | 2.18 |
| Martin Ratio | 17.32 | 17.72 |
| Ulcer Index | 1.54% | 1.55% |
| Daily Std Dev | 10.82% | 10.15% |
| Max Drawdown | -28.82% | -38.83% |
| Current Drawdown | -0.13% | -0.15% |
Correlation
The correlation between TLZIX and FBIFX 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
TLZIX vs. FBIFX - Performance Comparison
The year-to-date returns for both investments are quite close, with TLZIX having a 16.12% return and FBIFX slightly higher at 16.14%. Over the past 10 years, TLZIX has outperformed FBIFX with an annualized return of 8.87%, while FBIFX has yielded a comparatively lower 7.01% 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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TLZIX vs. FBIFX - Expense Ratio Comparison
TLZIX has a 0.10% expense ratio, which is lower than FBIFX's 0.12% expense ratio. Despite the difference, 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
TLZIX vs. FBIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). 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
TLZIX vs. FBIFX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 1.82%, more than FBIFX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | 1.82% | 2.11% | 2.06% | 1.88% | 1.64% | 2.14% | 2.40% | 1.92% | 2.09% | 2.19% | 2.21% | 1.92% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.76% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
Drawdowns
TLZIX vs. FBIFX - Drawdown Comparison
The maximum TLZIX drawdown since its inception was -28.82%, smaller than the maximum FBIFX drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for TLZIX and FBIFX. For additional features, visit the drawdowns tool.
Volatility
TLZIX vs. FBIFX - Volatility Comparison
TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) have volatilities of 2.69% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.