TLZIX vs. SSFNX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and State Street Target Retirement Fund (SSFNX).
TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009. SSFNX is managed by State Street. It was launched on Sep 29, 2014.
Performance
TLZIX vs. SSFNX - Performance Comparison
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TLZIX vs. SSFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | -1.46% | 18.86% | 13.52% | 18.98% | -16.69% | 14.86% | 16.26% | 24.52% | -6.39% | 18.09% |
SSFNX State Street Target Retirement Fund | 0.53% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 8.92% |
Returns By Period
In the year-to-date period, TLZIX achieves a -1.46% return, which is significantly lower than SSFNX's 0.53% return. Over the past 10 years, TLZIX has outperformed SSFNX with an annualized return of 10.10%, while SSFNX has yielded a comparatively lower 5.51% annualized return.
TLZIX
- 1D
- 2.26%
- 1M
- -4.81%
- YTD
- -1.46%
- 6M
- 0.68%
- 1Y
- 16.76%
- 3Y*
- 14.10%
- 5Y*
- 7.62%
- 10Y*
- 10.10%
SSFNX
- 1D
- 0.89%
- 1M
- -2.15%
- YTD
- 0.53%
- 6M
- 1.71%
- 1Y
- 9.67%
- 3Y*
- 8.33%
- 5Y*
- 4.02%
- 10Y*
- 5.51%
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TLZIX vs. SSFNX - Expense Ratio Comparison
Both TLZIX and SSFNX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
TLZIX vs. SSFNX — Risk / Return Rank
TLZIX
SSFNX
TLZIX vs. SSFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and State Street Target Retirement Fund (SSFNX). 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 | SSFNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.72 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.45 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.21 | -0.55 |
Martin ratioReturn relative to average drawdown | 7.64 | 10.50 | -2.86 |
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 | SSFNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.72 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.84 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.78 | -0.08 |
Correlation
The correlation between TLZIX and SSFNX is 0.91, 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. SSFNX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 3.88%, less than SSFNX's 4.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | 3.88% | 3.82% | 2.49% | 2.11% | 2.62% | 2.93% | 1.95% | 2.26% | 2.68% | 0.18% | 2.64% | 0.31% |
SSFNX State Street Target Retirement Fund | 4.84% | 4.86% | 5.78% | 5.26% | 5.12% | 6.69% | 1.61% | 3.35% | 4.40% | 2.72% | 1.84% | 2.05% |
Drawdowns
TLZIX vs. SSFNX - Drawdown Comparison
The maximum TLZIX drawdown since its inception was -28.82%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for TLZIX and SSFNX.
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Drawdown Indicators
| TLZIX | SSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -16.62% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -4.51% | -4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -16.62% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -16.62% | -12.20% |
Current DrawdownCurrent decline from peak | -5.68% | -2.49% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -2.55% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.95% | +1.12% |
Volatility
TLZIX vs. SSFNX - Volatility Comparison
TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) has a higher volatility of 4.92% compared to State Street Target Retirement Fund (SSFNX) at 2.18%. This indicates that TLZIX's price experiences larger fluctuations and is considered to be riskier than SSFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLZIX | SSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 2.18% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 3.34% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 5.76% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 6.57% | +6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 6.55% | +7.36% |