TLZIX vs. VIIIX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLZIX or VIIIX.
Performance
TLZIX vs. VIIIX - Performance Comparison
Returns By Period
In the year-to-date period, TLZIX achieves a 14.38% return, which is significantly lower than VIIIX's 25.20% return. Over the past 10 years, TLZIX has underperformed VIIIX with an annualized return of 8.61%, while VIIIX has yielded a comparatively higher 12.01% annualized return.
TLZIX
14.38%
-0.59%
6.52%
20.95%
9.42%
8.61%
VIIIX
25.20%
1.18%
12.22%
30.29%
13.44%
12.01%
Key characteristics
| TLZIX | VIIIX | |
|---|---|---|
| Sharpe Ratio | 1.94 | 2.44 |
| Sortino Ratio | 2.69 | 3.28 |
| Omega Ratio | 1.38 | 1.45 |
| Calmar Ratio | 2.96 | 3.55 |
| Martin Ratio | 13.18 | 15.70 |
| Ulcer Index | 1.56% | 1.91% |
| Daily Std Dev | 10.65% | 12.30% |
| Max Drawdown | -28.82% | -55.18% |
| Current Drawdown | -1.63% | -1.35% |
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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%.
Correlation
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.
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.
Dividends
TLZIX vs. VIIIX - Dividend Comparison
TLZIX's dividend yield for the trailing twelve months is around 1.84%, more than VIIIX's 1.27% 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% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.27% | 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.
Volatility
TLZIX vs. VIIIX - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) is 2.68%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 4.06%. 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.