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TLZIX vs. VFORX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TLZIXVFORX
YTD Return16.12%15.04%
1Y Return27.64%26.49%
3Y Return (Ann)4.61%3.99%
5Y Return (Ann)9.79%9.21%
10Y Return (Ann)8.87%8.34%
Sharpe Ratio2.472.60
Sortino Ratio3.413.68
Omega Ratio1.491.49
Calmar Ratio2.542.29
Martin Ratio17.3216.57
Ulcer Index1.54%1.55%
Daily Std Dev10.82%9.88%
Max Drawdown-28.82%-51.63%
Current Drawdown-0.13%-0.11%

Correlation

-0.50.00.51.01.0

The correlation between TLZIX and VFORX 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.

Performance

TLZIX vs. VFORX - Performance Comparison

In the year-to-date period, TLZIX achieves a 16.12% return, which is significantly higher than VFORX's 15.04% return. Over the past 10 years, TLZIX has outperformed VFORX with an annualized return of 8.87%, while VFORX has yielded a comparatively lower 8.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.45%
9.11%
TLZIX
VFORX

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TLZIX vs. VFORX - Expense Ratio Comparison

TLZIX has a 0.10% expense ratio, which is higher than VFORX's 0.08% 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%.


TLZIX
TIAA-CREF Lifecycle Index 2040 Fund
Expense ratio chart for TLZIX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
Expense ratio chart for VFORX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

TLZIX vs. VFORX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Vanguard Target Retirement 2040 Fund (VFORX). 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
Sharpe ratio
The chart of Sharpe ratio for TLZIX, currently valued at 2.47, compared to the broader market0.002.004.002.47
Sortino ratio
The chart of Sortino ratio for TLZIX, currently valued at 3.41, compared to the broader market0.005.0010.003.41
Omega ratio
The chart of Omega ratio for TLZIX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for TLZIX, currently valued at 2.54, compared to the broader market0.005.0010.0015.0020.0025.002.54
Martin ratio
The chart of Martin ratio for TLZIX, currently valued at 17.32, compared to the broader market0.0020.0040.0060.0080.00100.0017.32
VFORX
Sharpe ratio
The chart of Sharpe ratio for VFORX, currently valued at 2.60, compared to the broader market0.002.004.002.60
Sortino ratio
The chart of Sortino ratio for VFORX, currently valued at 3.68, compared to the broader market0.005.0010.003.68
Omega ratio
The chart of Omega ratio for VFORX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for VFORX, currently valued at 2.29, compared to the broader market0.005.0010.0015.0020.0025.002.29
Martin ratio
The chart of Martin ratio for VFORX, currently valued at 16.57, compared to the broader market0.0020.0040.0060.0080.00100.0016.57

TLZIX vs. VFORX - Sharpe Ratio Comparison

The current TLZIX Sharpe Ratio is 2.47, which is comparable to the VFORX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of TLZIX and VFORX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.47
2.60
TLZIX
VFORX

Dividends

TLZIX vs. VFORX - Dividend Comparison

TLZIX's dividend yield for the trailing twelve months is around 1.82%, less than VFORX's 2.07% yield.


TTM20232022202120202019201820172016201520142013
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%
VFORX
Vanguard Target Retirement 2040 Fund
2.07%2.38%2.10%2.39%1.62%2.28%2.41%1.91%1.98%2.16%1.93%1.77%

Drawdowns

TLZIX vs. VFORX - Drawdown Comparison

The maximum TLZIX drawdown since its inception was -28.82%, smaller than the maximum VFORX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for TLZIX and VFORX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.13%
-0.11%
TLZIX
VFORX

Volatility

TLZIX vs. VFORX - Volatility Comparison

TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) has a higher volatility of 2.69% compared to Vanguard Target Retirement 2040 Fund (VFORX) at 2.50%. This indicates that TLZIX's price experiences larger fluctuations and is considered to be riskier than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.69%
2.50%
TLZIX
VFORX