TLZIX vs. TRRDX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and T. Rowe Price Retirement 2040 Fund (TRRDX).
TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009. TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLZIX or TRRDX.
Performance
TLZIX vs. TRRDX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with TLZIX having a 14.50% return and TRRDX slightly higher at 14.95%. Both investments have delivered pretty close results over the past 10 years, with TLZIX having a 8.62% annualized return and TRRDX not far ahead at 8.89%.
TLZIX
14.50%
-1.01%
6.21%
20.73%
9.48%
8.62%
TRRDX
14.95%
-0.94%
5.34%
21.55%
9.82%
8.89%
Key characteristics
| TLZIX | TRRDX | |
|---|---|---|
| Sharpe Ratio | 2.01 | 2.18 |
| Sortino Ratio | 2.79 | 3.01 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 3.08 | 2.12 |
| Martin Ratio | 13.74 | 14.09 |
| Ulcer Index | 1.56% | 1.58% |
| Daily Std Dev | 10.66% | 10.22% |
| Max Drawdown | -28.82% | -53.50% |
| Current Drawdown | -1.53% | -1.70% |
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TLZIX vs. TRRDX - Expense Ratio Comparison
TLZIX has a 0.10% expense ratio, which is lower than TRRDX's 0.61% expense ratio.
Correlation
The correlation between TLZIX and TRRDX is 0.98, 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.
Risk-Adjusted Performance
TLZIX vs. TRRDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and T. Rowe Price Retirement 2040 Fund (TRRDX). 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. TRRDX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 1.84%, more than TRRDX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLZIX TIAA-CREF Lifecycle Index 2040 Fund | 1.84% | 2.11% | 2.06% | 1.88% | 1.64% | 2.14% | 2.40% | 1.92% | 2.09% | 2.19% | 2.21% | 1.92% |
TRRDX T. Rowe Price Retirement 2040 Fund | 1.31% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
Drawdowns
TLZIX vs. TRRDX - Drawdown Comparison
The maximum TLZIX drawdown since its inception was -28.82%, smaller than the maximum TRRDX drawdown of -53.50%. Use the drawdown chart below to compare losses from any high point for TLZIX and TRRDX. For additional features, visit the drawdowns tool.
Volatility
TLZIX vs. TRRDX - Volatility Comparison
TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and T. Rowe Price Retirement 2040 Fund (TRRDX) have volatilities of 2.69% and 2.77%, 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.