TLZIX vs. FXAIX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Fidelity 500 Index Fund (FXAIX).
TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLZIX or FXAIX.
Key characteristics
| TLZIX | FXAIX | |
|---|---|---|
| YTD Return | 16.12% | 27.16% |
| 1Y Return | 27.64% | 39.89% |
| 3Y Return (Ann) | 4.61% | 10.29% |
| 5Y Return (Ann) | 9.79% | 16.01% |
| 10Y Return (Ann) | 8.87% | 13.33% |
| Sharpe Ratio | 2.47 | 3.13 |
| Sortino Ratio | 3.41 | 4.16 |
| Omega Ratio | 1.49 | 1.59 |
| Calmar Ratio | 2.54 | 4.59 |
| Martin Ratio | 17.32 | 20.80 |
| Ulcer Index | 1.54% | 1.86% |
| Daily Std Dev | 10.82% | 12.39% |
| Max Drawdown | -28.82% | -33.79% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
The correlation between TLZIX and FXAIX is 0.97, 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. FXAIX - Performance Comparison
In the year-to-date period, TLZIX achieves a 16.12% return, which is significantly lower than FXAIX's 27.16% return. Over the past 10 years, TLZIX has underperformed FXAIX with an annualized return of 8.87%, while FXAIX has yielded a comparatively higher 13.33% 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. FXAIX - Expense Ratio Comparison
TLZIX has a 0.10% expense ratio, which is higher than FXAIX's 0.02% 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
TLZIX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 1.82%, more than FXAIX's 1.21% 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% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
TLZIX vs. FXAIX - Drawdown Comparison
The maximum TLZIX drawdown since its inception was -28.82%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for TLZIX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
TLZIX vs. FXAIX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) is 2.69%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.91%. This indicates that TLZIX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.