TTFIX vs. TIREX

Last updated Jun 4, 2026

TTFIX (TIAA-CREF Lifecycle 2045 Fund) and TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) are both mutual funds - TTFIX is a Target Retirement Date fund managed by TIAA Investments, while TIREX is a REIT fund managed by TIAA Investments. Over the past 10 years, TTFIX returned 11.00%/yr vs 6.45%/yr for TIREX. A 0.66 correlation means they provide meaningful diversification when combined. TTFIX charges 0.23%/yr vs 0.47%/yr for TIREX.

Performance

TTFIX vs. TIREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle 2045 Fund (TTFIX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TTFIX having a 9.15% return and TIREX slightly lower at 9.14%. Over the past 10 years, TTFIX has outperformed TIREX with an annualized return of 11.00%, while TIREX has yielded a comparatively lower 6.45% annualized return.

TTFIX

• 1D: 0.54%
• 1M: 4.28%
• YTD: 9.15%
• 6M: 9.81%
• 1Y: 23.40%
• 3Y*: 17.18%
• 5Y*: 8.73%
• 10Y*: 11.00%

TIREX

• 1D: 0.21%
• 1M: -1.58%
• YTD: 9.14%
• 6M: 7.81%
• 1Y: 10.79%
• 3Y*: 9.23%
• 5Y*: 1.62%
• 10Y*: 6.45%

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

TTFIX vs. TIREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTFIX TIAA-CREF Lifecycle 2045 Fund	9.15%	18.19%	13.81%	19.47%	-17.38%	15.83%	17.29%	25.88%	-9.67%	20.10%
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class	9.14%	2.10%	5.30%	12.16%	-28.74%	39.39%	1.29%	31.09%	-4.06%	11.73%

Correlation

The correlation between TTFIX and TIREX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Dec 4, 2007	0.66

Over the past year, the correlation between TTFIX and TIREX has dropped to 0.37 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

TTFIX vs. TIREX — Risk / Return Rank

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

TTFIX

TTFIX Risk / Return Rank: 54
TTFIX Sharpe Ratio Rank: 54
TTFIX Sortino Ratio Rank: 52
TTFIX Omega Ratio Rank: 52
TTFIX Calmar Ratio Rank: 50
TTFIX Martin Ratio Rank: 59

TIREX

TIREX Risk / Return Rank: 11
TIREX Sharpe Ratio Rank: 10
TIREX Sortino Ratio Rank: 10
TIREX Omega Ratio Rank: 10
TIREX Calmar Ratio Rank: 13
TIREX Martin Ratio Rank: 15

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.

TTFIX vs. TIREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle 2045 Fund (TTFIX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). 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	TIREX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	0.81	+1.36
Sortino ratio: Return per unit of downside risk	3.04	1.16	+1.88
Omega ratio: Gain probability vs. loss probability	1.40	1.15	+0.25
Calmar ratio: Return relative to maximum drawdown	2.70	1.22	+1.48
Martin ratio: Return relative to average drawdown	11.81	4.18	+7.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTFIX vs. TIREX - Sharpe Ratio Comparison

The current TTFIX Sharpe Ratio is 2.17, which is higher than the TIREX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of TTFIX and TIREX, 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

	TTFIX	TIREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	0.81	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.09	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.32	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.33	+0.10

Drawdowns

TTFIX vs. TIREX - Drawdown Comparison

The maximum TTFIX drawdown since its inception was -53.24%, smaller than the maximum TIREX drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for TTFIX and TIREX.

Drawdown Indicators

	TTFIX	TIREX	Difference
Max Drawdown Largest peak-to-trough decline	-53.24%	-74.18%	+20.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-8.55%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-14.79%	-17.95%	+3.16%
Max Drawdown (5Y) Largest decline over 5 years	-25.25%	-35.67%	+10.42%
Max Drawdown (10Y) Largest decline over 10 years	-32.21%	-39.26%	+7.05%
Current Drawdown Current decline from peak	0.00%	-6.21%	+6.21%
Average Drawdown Average peak-to-trough decline	-8.24%	-13.49%	+5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.49%	-0.48%

Volatility

TTFIX vs. TIREX - Volatility Comparison

The current volatility for TIAA-CREF Lifecycle 2045 Fund (TTFIX) is 3.23%, while TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a volatility of 3.68%. This indicates that TTFIX experiences smaller price fluctuations and is considered to be less risky than TIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTFIX	TIREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	3.68%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	9.55%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	12.94%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	18.83%	-4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	20.14%	-4.57%

TTFIX vs. TIREX - Expense Ratio Comparison

TTFIX has a 0.23% expense ratio, which is lower than TIREX's 0.47% expense ratio.

Dividends

TTFIX vs. TIREX - Dividend Comparison

TTFIX's dividend yield for the trailing twelve months is around 7.17%, more than TIREX's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class	2.52%	3.56%	3.08%	2.71%	5.13%	3.07%	1.80%	6.18%	3.54%	7.20%	4.16%	5.65%
TTFIX TIAA-CREF Lifecycle 2045 Fund	7.17%	7.82%	3.97%	2.13%	9.04%	12.44%	7.49%	5.70%	5.45%	0.84%	4.01%	3.66%

Frequently Asked Questions

Can I hold both TTFIX and TIREX in my portfolio?

TTFIX and TIREX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTFIX or TIREX?

TIREX has higher volatility (3.68%) compared to TTFIX (3.23%). In terms of maximum drawdown, TTFIX dropped -53.24% vs TIREX's -74.18%.

Which has better risk-adjusted returns?

TTFIX currently has the higher Sharpe Ratio (2.17 vs 0.81), 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.