TTFIX vs. FRAMX
Compare and contrast key facts about TIAA-CREF Lifecycle 2045 Fund (TTFIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
TTFIX is managed by TIAA Investments. It was launched on Nov 29, 2007. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
TTFIX vs. FRAMX - Performance Comparison
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TTFIX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTFIX TIAA-CREF Lifecycle 2045 Fund | -4.93% | 18.19% | 13.81% | 19.47% | -17.38% | 15.83% | 17.29% | 25.88% | -9.67% | 20.10% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, TTFIX achieves a -4.93% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, TTFIX has outperformed FRAMX with an annualized return of 9.77%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
TTFIX
- 1D
- -0.27%
- 1M
- -8.27%
- YTD
- -4.93%
- 6M
- -2.23%
- 1Y
- 14.07%
- 3Y*
- 12.95%
- 5Y*
- 6.91%
- 10Y*
- 9.77%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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TTFIX vs. FRAMX - Expense Ratio Comparison
TTFIX has a 0.23% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
TTFIX vs. FRAMX — Risk / Return Rank
TTFIX
FRAMX
TTFIX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2045 Fund (TTFIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| TTFIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.50 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.44 | 2.09 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.00 | -0.83 |
Martin ratioReturn relative to average drawdown | 5.19 | 8.06 | -2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TTFIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.50 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.41 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.82 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.49 | -0.11 |
Correlation
The correlation between TTFIX and FRAMX is 0.85, 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.
Dividends
TTFIX vs. FRAMX - Dividend Comparison
TTFIX's dividend yield for the trailing twelve months is around 8.23%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTFIX TIAA-CREF Lifecycle 2045 Fund | 8.23% | 7.82% | 3.97% | 2.13% | 9.04% | 12.44% | 7.49% | 5.70% | 5.45% | 0.84% | 4.01% | 3.66% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
TTFIX vs. FRAMX - Drawdown Comparison
The maximum TTFIX drawdown since its inception was -53.24%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for TTFIX and FRAMX.
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Drawdown Indicators
| TTFIX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -33.94% | -19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -3.45% | -6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -16.31% | -8.94% |
Max Drawdown (10Y)Largest decline over 10 years | -32.21% | -16.31% | -15.90% |
Current DrawdownCurrent decline from peak | -8.84% | -3.20% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -3.87% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 0.86% | +1.52% |
Volatility
TTFIX vs. FRAMX - Volatility Comparison
TIAA-CREF Lifecycle 2045 Fund (TTFIX) has a higher volatility of 4.52% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that TTFIX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTFIX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 1.96% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 2.86% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 4.59% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 5.21% | +8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 4.47% | +11.06% |