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.
Performance
TLZIX vs. FBIFX - Performance Comparison
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TLZIX vs. FBIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | -3.64% | 18.86% | 13.52% | 18.98% | -16.69% | 14.86% | 16.26% | 24.52% | -6.39% | 18.09% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | -3.60% | 19.88% | 13.32% | 19.37% | -18.16% | 15.88% | 16.47% | 25.95% | -7.24% | 20.58% |
Returns By Period
The year-to-date returns for both investments are quite close, with TLZIX having a -3.64% return and FBIFX slightly higher at -3.60%. Both investments have delivered pretty close results over the past 10 years, with TLZIX having a 9.85% annualized return and FBIFX not far ahead at 10.18%.
TLZIX
- 1D
- -0.15%
- 1M
- -7.35%
- YTD
- -3.64%
- 6M
- -1.14%
- 1Y
- 14.57%
- 3Y*
- 13.26%
- 5Y*
- 7.37%
- 10Y*
- 9.85%
FBIFX
- 1D
- -0.07%
- 1M
- -7.73%
- YTD
- -3.60%
- 6M
- -0.93%
- 1Y
- 15.51%
- 3Y*
- 13.52%
- 5Y*
- 7.34%
- 10Y*
- 10.18%
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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%.
Return for Risk
TLZIX vs. FBIFX — Risk / Return Rank
TLZIX
FBIFX
TLZIX vs. FBIFX - Risk-Adjusted Trends 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.
| TLZIX | FBIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.14 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.65 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.41 | -0.07 |
Martin ratioReturn relative to average drawdown | 6.27 | 6.58 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLZIX | FBIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.14 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.54 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.69 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.66 | +0.03 |
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.
Dividends
TLZIX vs. FBIFX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 3.96%, more than FBIFX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | 3.96% | 3.82% | 2.49% | 2.11% | 2.62% | 2.93% | 1.95% | 2.26% | 2.68% | 0.18% | 2.64% | 0.31% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.43% | 2.35% | 2.20% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.22% | 1.82% | 1.98% | 2.02% |
Drawdowns
TLZIX vs. FBIFX - Drawdown Comparison
The maximum TLZIX drawdown since its inception was -28.82%, smaller than the maximum FBIFX drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for TLZIX and FBIFX.
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Drawdown Indicators
| TLZIX | FBIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -30.73% | +1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -9.97% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -26.12% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -30.73% | +1.91% |
Current DrawdownCurrent decline from peak | -7.77% | -8.10% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -4.15% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.14% | -0.05% |
Volatility
TLZIX vs. FBIFX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) is 4.18%, while Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a volatility of 4.50%. This indicates that TLZIX experiences smaller price fluctuations and is considered to be less risky than FBIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLZIX | FBIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 4.50% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.43% | 7.81% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 13.77% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 13.71% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 14.83% | -0.94% |