TVIIX vs. SWPPX
Compare and contrast key facts about TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) and Schwab S&P 500 Index Fund (SWPPX).
TVIIX is managed by TIAA Investments. It was launched on Sep 25, 2014. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
TVIIX vs. SWPPX - Performance Comparison
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TVIIX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVIIX TIAA-CREF Lifecycle Index 2060 Fund | -4.41% | 21.10% | 15.59% | 20.90% | -17.60% | 17.62% | 17.39% | 26.52% | -7.17% | 19.58% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, TVIIX achieves a -4.41% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, TVIIX has underperformed SWPPX with an annualized return of 10.88%, while SWPPX has yielded a comparatively higher 13.71% annualized return.
TVIIX
- 1D
- -0.31%
- 1M
- -8.49%
- YTD
- -4.41%
- 6M
- -1.59%
- 1Y
- 16.41%
- 3Y*
- 14.81%
- 5Y*
- 8.39%
- 10Y*
- 10.88%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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TVIIX vs. SWPPX - Expense Ratio Comparison
TVIIX has a 0.10% expense ratio, which is higher than SWPPX's 0.02% 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%.
Return for Risk
TVIIX vs. SWPPX — Risk / Return Rank
TVIIX
SWPPX
TVIIX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) and Schwab S&P 500 Index Fund (SWPPX). 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.
| TVIIX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.84 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.30 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.06 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.94 | 5.14 | +0.80 |
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
| TVIIX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.84 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.68 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.76 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.48 | +0.12 |
Correlation
The correlation between TVIIX and SWPPX 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.
Dividends
TVIIX vs. SWPPX - Dividend Comparison
TVIIX's dividend yield for the trailing twelve months is around 2.73%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVIIX TIAA-CREF Lifecycle Index 2060 Fund | 2.73% | 2.61% | 2.16% | 2.13% | 2.22% | 1.92% | 1.63% | 2.18% | 2.80% | 0.12% | 2.69% | 0.40% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
TVIIX vs. SWPPX - Drawdown Comparison
The maximum TVIIX drawdown since its inception was -32.04%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TVIIX and SWPPX.
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Drawdown Indicators
| TVIIX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.04% | -55.06% | +23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -12.10% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -24.51% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.04% | -33.80% | +1.76% |
Current DrawdownCurrent decline from peak | -9.05% | -8.89% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -10.00% | +5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 2.49% | -0.04% |
Volatility
TVIIX vs. SWPPX - Volatility Comparison
TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) has a higher volatility of 4.78% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.29%. This indicates that TVIIX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVIIX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 4.29% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 9.11% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 18.14% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 16.89% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 18.19% | -2.31% |