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 a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
TLZIX vs. FXAIX - Performance Comparison
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TLZIX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, TLZIX achieves a -3.64% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, TLZIX has underperformed FXAIX with an annualized return of 9.85%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
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%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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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%.
Return for Risk
TLZIX vs. FXAIX — Risk / Return Rank
TLZIX
FXAIX
TLZIX vs. FXAIX - Risk-Adjusted Trends 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.
| TLZIX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.84 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.30 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.05 | +0.28 |
Martin ratioReturn relative to average drawdown | 6.27 | 5.13 | +1.15 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.84 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.68 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.77 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.75 | -0.06 |
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.
Dividends
TLZIX vs. FXAIX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 3.96%, more than FXAIX's 1.20% 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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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.
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Drawdown Indicators
| TLZIX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -33.79% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -12.13% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -24.50% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -33.79% | +4.97% |
Current DrawdownCurrent decline from peak | -7.77% | -8.89% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -3.83% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.50% | -0.41% |
Volatility
TLZIX vs. FXAIX - Volatility Comparison
TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.18% and 4.24%, 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.
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Volatility by Period
| TLZIX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 4.24% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.43% | 9.08% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 18.13% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 16.88% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 18.03% | -4.14% |