VTIVX vs. TLZIX
Compare and contrast key facts about Vanguard Target Retirement 2045 Fund (VTIVX) and TIAA-CREF Lifecycle Index 2040 Fund (TLZIX).
VTIVX is managed by Vanguard. It was launched on Oct 27, 2003. TLZIX is managed by TIAA Investments. It was launched on Sep 29, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIVX or TLZIX.
Performance
VTIVX vs. TLZIX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VTIVX having a 13.99% return and TLZIX slightly lower at 13.66%. Both investments have delivered pretty close results over the past 10 years, with VTIVX having a 8.56% annualized return and TLZIX not far ahead at 8.60%.
VTIVX
13.99%
-1.43%
5.59%
21.66%
9.50%
8.56%
TLZIX
13.66%
-1.44%
5.55%
21.09%
9.20%
8.60%
Key characteristics
| VTIVX | TLZIX | |
|---|---|---|
| Sharpe Ratio | 2.17 | 1.98 |
| Sortino Ratio | 3.03 | 2.75 |
| Omega Ratio | 1.40 | 1.39 |
| Calmar Ratio | 2.60 | 2.75 |
| Martin Ratio | 14.17 | 13.57 |
| Ulcer Index | 1.52% | 1.55% |
| Daily Std Dev | 9.92% | 10.66% |
| Max Drawdown | -51.69% | -28.82% |
| Current Drawdown | -2.28% | -2.25% |
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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%.
Correlation
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.
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.
Dividends
VTIVX vs. TLZIX - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 2.00%, more than TLZIX's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 2.00% | 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 | 1.85% | 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.
Volatility
VTIVX vs. TLZIX - Volatility Comparison
Vanguard Target Retirement 2045 Fund (VTIVX) and TIAA-CREF Lifecycle Index 2040 Fund (TLZIX) have volatilities of 2.77% and 2.71%, 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.