Correlation
The correlation between TVIIX and SPY is 0.96, 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.
TVIIX vs. SPY
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) and SPDR S&P 500 ETF (SPY).
TVIIX is managed by TIAA Investments. It was launched on Sep 25, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TVIIX or SPY.
Performance
TVIIX vs. SPY - Performance Comparison
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Key characteristics
TVIIX:
0.88
SPY:
0.70
TVIIX:
1.14
SPY:
1.02
TVIIX:
1.16
SPY:
1.15
TVIIX:
0.78
SPY:
0.68
TVIIX:
3.32
SPY:
2.57
TVIIX:
3.59%
SPY:
4.93%
TVIIX:
15.05%
SPY:
20.42%
TVIIX:
-32.04%
SPY:
-55.19%
TVIIX:
-0.53%
SPY:
-3.55%
Returns By Period
In the year-to-date period, TVIIX achieves a 5.15% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, TVIIX has underperformed SPY with an annualized return of 9.61%, while SPY has yielded a comparatively higher 12.73% annualized return.
TVIIX
5.15%
4.89%
2.29%
12.47%
11.49%
12.49%
9.61%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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TVIIX vs. SPY - Expense Ratio Comparison
TVIIX has a 0.10% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
TVIIX vs. SPY — Risk-Adjusted Performance Rank
TVIIX
SPY
TVIIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
TVIIX vs. SPY - Dividend Comparison
TVIIX's dividend yield for the trailing twelve months is around 2.06%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVIIX TIAA-CREF Lifecycle Index 2060 Fund | 2.06% | 2.16% | 2.13% | 2.22% | 1.92% | 1.63% | 2.72% | 2.81% | 2.03% | 2.69% | 2.63% | 2.13% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TVIIX vs. SPY - Drawdown Comparison
The maximum TVIIX drawdown since its inception was -32.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TVIIX and SPY.
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Volatility
TVIIX vs. SPY - Volatility Comparison
The current volatility for TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) is 3.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that TVIIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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