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

Key characteristics


TLZIXVIIIX
YTD Return16.12%26.79%
1Y Return27.64%37.87%
3Y Return (Ann)4.61%8.11%
5Y Return (Ann)9.79%13.85%
10Y Return (Ann)8.87%12.29%
Sharpe Ratio2.472.95
Sortino Ratio3.413.95
Omega Ratio1.491.55
Calmar Ratio2.543.46
Martin Ratio17.3219.36
Ulcer Index1.54%1.90%
Daily Std Dev10.82%12.45%
Max Drawdown-28.82%-55.18%
Current Drawdown-0.13%0.00%

Correlation

-0.50.00.51.01.0

The correlation between TLZIX and VIIIX 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. VIIIX - Performance Comparison

In the year-to-date period, TLZIX achieves a 16.12% return, which is significantly lower than VIIIX's 26.79% return. Over the past 10 years, TLZIX has underperformed VIIIX with an annualized return of 8.87%, while VIIIX has yielded a comparatively higher 12.29% 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%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
9.38%
15.58%
TLZIX
VIIIX

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TLZIX vs. VIIIX - Expense Ratio Comparison

TLZIX has a 0.10% expense ratio, which is higher than VIIIX'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%.


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 VIIIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

TLZIX vs. VIIIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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 market0.005.0010.0015.0020.002.54
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
VIIIX
Sharpe ratio
The chart of Sharpe ratio for VIIIX, currently valued at 2.95, compared to the broader market0.002.004.002.95
Sortino ratio
The chart of Sortino ratio for VIIIX, currently valued at 3.95, compared to the broader market0.005.0010.003.95
Omega ratio
The chart of Omega ratio for VIIIX, currently valued at 1.55, compared to the broader market1.002.003.004.001.55
Calmar ratio
The chart of Calmar ratio for VIIIX, currently valued at 3.46, compared to the broader market0.005.0010.0015.0020.003.46
Martin ratio
The chart of Martin ratio for VIIIX, currently valued at 19.36, compared to the broader market0.0020.0040.0060.0080.00100.0019.36

TLZIX vs. VIIIX - Sharpe Ratio Comparison

The current TLZIX Sharpe Ratio is 2.47, which is comparable to the VIIIX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of TLZIX and VIIIX, 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 Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.47
2.95
TLZIX
VIIIX

Dividends

TLZIX vs. VIIIX - Dividend Comparison

TLZIX's dividend yield for the trailing twelve months is around 1.82%, more than VIIIX's 1.25% 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%
VIIIX
Vanguard Institutional Index Fund Institutional Plus Shares
1.25%1.49%1.75%1.30%1.60%1.93%2.14%1.84%2.09%2.47%1.90%1.87%

Drawdowns

TLZIX vs. VIIIX - Drawdown Comparison

The maximum TLZIX drawdown since its inception was -28.82%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for TLZIX and VIIIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.13%
0
TLZIX
VIIIX

Volatility

TLZIX vs. VIIIX - Volatility Comparison

The current volatility for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) is 2.69%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 3.91%. This indicates that TLZIX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.69%
3.91%
TLZIX
VIIIX