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

Key characteristics


VTIVXTLZIX
YTD Return16.50%16.12%
1Y Return28.26%27.64%
3Y Return (Ann)4.55%4.61%
5Y Return (Ann)10.08%9.79%
10Y Return (Ann)8.85%8.87%
Sharpe Ratio2.722.47
Sortino Ratio3.803.41
Omega Ratio1.511.49
Calmar Ratio2.482.54
Martin Ratio18.2017.32
Ulcer Index1.51%1.54%
Daily Std Dev10.09%10.82%
Max Drawdown-51.69%-28.82%
Current Drawdown-0.13%-0.13%

Correlation

-0.50.00.51.01.0

The correlation between VTIVX and TLZIX 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

VTIVX vs. TLZIX - Performance Comparison

The year-to-date returns for both stocks are quite close, with VTIVX having a 16.50% return and TLZIX slightly lower at 16.12%. Both investments have delivered pretty close results over the past 10 years, with VTIVX having a 8.85% annualized return and TLZIX not far ahead at 8.87%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.56%
9.45%
VTIVX
TLZIX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VTIVX vs. TLZIX - Expense Ratio Comparison

VTIVX has a 0.08% expense ratio, which is lower than TLZIX's 0.10% expense ratio. Despite the difference, 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 VTIVX: 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

VTIVX vs. TLZIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and TIAA-CREF Lifecycle Index 2040 Fund (TLZIX). 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.


VTIVX
Sharpe ratio
The chart of Sharpe ratio for VTIVX, currently valued at 2.72, compared to the broader market0.002.004.002.72
Sortino ratio
The chart of Sortino ratio for VTIVX, currently valued at 3.80, compared to the broader market0.005.0010.003.80
Omega ratio
The chart of Omega ratio for VTIVX, currently valued at 1.51, compared to the broader market1.002.003.004.001.51
Calmar ratio
The chart of Calmar ratio for VTIVX, currently valued at 2.48, compared to the broader market0.005.0010.0015.0020.0025.002.48
Martin ratio
The chart of Martin ratio for VTIVX, currently valued at 18.20, compared to the broader market0.0020.0040.0060.0080.00100.0018.20
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

VTIVX vs. TLZIX - Sharpe Ratio Comparison

The current VTIVX Sharpe Ratio is 2.72, which is comparable to the TLZIX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of VTIVX and TLZIX, 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
2.72
2.47
VTIVX
TLZIX

Dividends

VTIVX vs. TLZIX - Dividend Comparison

VTIVX's dividend yield for the trailing twelve months is around 1.96%, more than TLZIX's 1.82% yield.


TTM20232022202120202019201820172016201520142013
VTIVX
Vanguard Target Retirement 2045 Fund
1.96%2.28%2.13%2.22%1.60%2.23%2.39%1.90%1.99%2.17%2.05%1.88%
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%

Drawdowns

VTIVX vs. TLZIX - Drawdown Comparison

The maximum VTIVX drawdown since its inception was -51.69%, which is greater than TLZIX's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for VTIVX and TLZIX. For additional features, visit the drawdowns tool.


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

Volatility

VTIVX vs. TLZIX - Volatility Comparison

Vanguard Target Retirement 2045 Fund (VTIVX) and TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) have volatilities of 2.75% and 2.69%, 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.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.75%
2.69%
VTIVX
TLZIX