TRILX vs. QBDSX

Last updated Jun 6, 2026

TRILX (TIAA-CREF Lifecycle Index Retirement Income Fund) and QBDSX (Quantified Managed Income Fund) are both Diversified Portfolio funds. Over the past 10 years, TRILX returned 6.40%/yr vs 0.81%/yr for QBDSX. A 0.52 correlation means they provide meaningful diversification when combined. TRILX charges 0.10%/yr vs 1.31%/yr for QBDSX.

Performance

TRILX vs. QBDSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle Index Retirement Income Fund (TRILX) and Quantified Managed Income Fund (QBDSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRILX achieves a 5.17% return, which is significantly higher than QBDSX's 0.25% return. Over the past 10 years, TRILX has outperformed QBDSX with an annualized return of 6.40%, while QBDSX has yielded a comparatively lower 0.81% annualized return.

TRILX

• 1D: 0.22%
• 1M: 0.99%
• YTD: 5.17%
• 6M: 5.40%
• 1Y: 13.93%
• 3Y*: 10.78%
• 5Y*: 5.00%
• 10Y*: 6.40%

QBDSX

• 1D: 0.13%
• 1M: -0.13%
• YTD: 0.25%
• 6M: -0.08%
• 1Y: 2.13%
• 3Y*: 3.03%
• 5Y*: 0.78%
• 10Y*: 0.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRILX vs. QBDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRILX TIAA-CREF Lifecycle Index Retirement Income Fund	5.17%	12.94%	7.85%	11.89%	-13.47%	7.13%	12.05%	15.39%	-2.66%	9.13%
QBDSX Quantified Managed Income Fund	0.25%	5.11%	1.02%	2.25%	-4.09%	-0.66%	-9.22%	10.50%	-3.17%	5.05%

Correlation

The correlation between TRILX and QBDSX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.52

The correlation between TRILX and QBDSX shifts across timeframes, from 0.47 (5 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TRILX vs. QBDSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRILX

TRILX Risk / Return Rank: 63
TRILX Sharpe Ratio Rank: 66
TRILX Sortino Ratio Rank: 68
TRILX Omega Ratio Rank: 69
TRILX Calmar Ratio Rank: 50
TRILX Martin Ratio Rank: 64

QBDSX

QBDSX Risk / Return Rank: 8
QBDSX Sharpe Ratio Rank: 8
QBDSX Sortino Ratio Rank: 8
QBDSX Omega Ratio Rank: 8
QBDSX Calmar Ratio Rank: 8
QBDSX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRILX vs. QBDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index Retirement Income Fund (TRILX) and Quantified Managed Income Fund (QBDSX). 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.

	TRILX	QBDSX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	0.60	+1.72
Sortino ratio: Return per unit of downside risk	3.33	0.88	+2.45
Omega ratio: Gain probability vs. loss probability	1.45	1.11	+0.33
Calmar ratio: Return relative to maximum drawdown	2.61	0.69	+1.92
Martin ratio: Return relative to average drawdown	12.16	1.93	+10.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRILX vs. QBDSX - Sharpe Ratio Comparison

The current TRILX Sharpe Ratio is 2.31, which is higher than the QBDSX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of TRILX and QBDSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRILX	QBDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	0.60	+1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.18	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.15	+0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.16	+0.79

Drawdowns

TRILX vs. QBDSX - Drawdown Comparison

The maximum TRILX drawdown since its inception was -18.55%, roughly equal to the maximum QBDSX drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for TRILX and QBDSX.

Drawdown Indicators

	TRILX	QBDSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.55%	-18.38%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.30%	-3.09%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	-6.36%	-3.76%	-2.60%
Max Drawdown (5Y) Largest decline over 5 years	-18.55%	-7.40%	-11.15%
Max Drawdown (10Y) Largest decline over 10 years	-18.55%	-18.38%	-0.17%
Current Drawdown Current decline from peak	-0.22%	-7.83%	+7.61%
Average Drawdown Average peak-to-trough decline	-2.30%	-6.85%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	1.11%	+0.02%

Volatility

TRILX vs. QBDSX - Volatility Comparison

TIAA-CREF Lifecycle Index Retirement Income Fund (TRILX) has a higher volatility of 2.01% compared to Quantified Managed Income Fund (QBDSX) at 0.64%. This indicates that TRILX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRILX	QBDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.01%	0.64%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	4.91%	2.39%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	6.00%	3.59%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.47%	4.32%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	5.25%	+2.00%

TRILX vs. QBDSX - Expense Ratio Comparison

TRILX has a 0.10% expense ratio, which is lower than QBDSX's 1.31% expense ratio.

Dividends

TRILX vs. QBDSX - Dividend Comparison

TRILX's dividend yield for the trailing twelve months is around 2.85%, less than QBDSX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QBDSX Quantified Managed Income Fund	4.46%	4.47%	3.98%	4.51%	0.54%	0.71%	0.87%	2.26%	2.04%	2.51%	1.00%	3.89%
TRILX TIAA-CREF Lifecycle Index Retirement Income Fund	2.85%	3.49%	5.25%	2.61%	3.50%	4.07%	2.15%	2.39%	2.96%	0.90%	2.12%	0.95%

Frequently Asked Questions

Can I hold both TRILX and QBDSX in my portfolio?

TRILX and QBDSX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRILX or QBDSX?

TRILX has higher volatility (2.01%) compared to QBDSX (0.64%). In terms of maximum drawdown, TRILX dropped -18.55% vs QBDSX's -18.38%.

Which has better risk-adjusted returns?

TRILX currently has the higher Sharpe Ratio (2.31 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.