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TVIIX vs. FFIKX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TVIIX vs. FFIKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) and Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.37%
7.92%
TVIIX
FFIKX

Returns By Period

In the year-to-date period, TVIIX achieves a 17.05% return, which is significantly higher than FFIKX's 15.79% return.


TVIIX

YTD

17.05%

1M

0.15%

6M

8.37%

1Y

23.42%

5Y (annualized)

10.84%

10Y (annualized)

9.60%

FFIKX

YTD

15.79%

1M

-0.07%

6M

7.92%

1Y

22.56%

5Y (annualized)

9.48%

10Y (annualized)

N/A

Key characteristics


TVIIXFFIKX
Sharpe Ratio1.992.16
Sortino Ratio2.692.98
Omega Ratio1.381.39
Calmar Ratio3.202.76
Martin Ratio13.5913.61
Ulcer Index1.76%1.68%
Daily Std Dev11.98%10.60%
Max Drawdown-32.04%-30.69%
Current Drawdown-1.40%-1.43%

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TVIIX vs. FFIKX - Expense Ratio Comparison

TVIIX has a 0.10% expense ratio, which is higher than FFIKX's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


TVIIX
TIAA-CREF Lifecycle Index 2060 Fund
Expense ratio chart for TVIIX: 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 FFIKX: 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%

Correlation

-0.50.00.51.01.0

The correlation between TVIIX and FFIKX 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

TVIIX vs. FFIKX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) and Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX). 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.


Sharpe ratio
The chart of Sharpe ratio for TVIIX, currently valued at 1.99, compared to the broader market-1.000.001.002.003.004.005.001.992.16
The chart of Sortino ratio for TVIIX, currently valued at 2.69, compared to the broader market0.005.0010.002.692.98
The chart of Omega ratio for TVIIX, currently valued at 1.38, compared to the broader market1.002.003.004.001.381.39
The chart of Calmar ratio for TVIIX, currently valued at 3.20, compared to the broader market0.005.0010.0015.0020.003.202.76
The chart of Martin ratio for TVIIX, currently valued at 13.59, compared to the broader market0.0020.0040.0060.0080.00100.0013.5913.61
TVIIX
FFIKX

The current TVIIX Sharpe Ratio is 1.99, which is comparable to the FFIKX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of TVIIX and FFIKX, 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
1.99
2.16
TVIIX
FFIKX

Dividends

TVIIX vs. FFIKX - Dividend Comparison

TVIIX's dividend yield for the trailing twelve months is around 1.74%, more than FFIKX's 1.65% yield.


TTM2023202220212020201920182017201620152014
TVIIX
TIAA-CREF Lifecycle Index 2060 Fund
1.74%2.04%1.94%1.89%1.57%2.63%2.39%1.91%2.12%2.22%2.13%
FFIKX
Fidelity Freedom Index 2065 Fund Institutional Premium Class
1.65%1.91%1.94%1.52%1.23%1.82%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TVIIX vs. FFIKX - Drawdown Comparison

The maximum TVIIX drawdown since its inception was -32.04%, roughly equal to the maximum FFIKX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for TVIIX and FFIKX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.40%
-1.43%
TVIIX
FFIKX

Volatility

TVIIX vs. FFIKX - Volatility Comparison

TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) has a higher volatility of 3.01% compared to Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) at 2.86%. This indicates that TVIIX's price experiences larger fluctuations and is considered to be riskier than FFIKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.01%
2.86%
TVIIX
FFIKX