- ISIN
- US87244W5168
- CUSIP
- 87244W516
- Issuer
- TIAA Investments
- Inception Date
- Oct 1, 2002
- Min. Investment
- $10,000,000
- Index Tracked
- MSCI EAFE Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TCIEX Performance Chart
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) is up 10.6% since the beginning of the year. TCIEX is currently trading at $31 per share. Investors who bought $1,000 worth of TCIEX shares 5 years ago would now be looking at an investment worth $1,568.
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Returns By Period
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has returned 10.59% so far this year and 25.22% over the past 12 months. Over the last ten years, TCIEX has returned 9.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
TIAA-CREF International Equity Index Fund Institutional Class
- 1D
- 0.82%
- 1M
- 1.99%
- YTD
- 10.59%
- 6M
- 10.95%
- 1Y
- 25.22%
- 3Y*
- 16.27%
- 5Y*
- 9.41%
- 10Y*
- 9.64%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TCIEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2003, TCIEX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Oct 2008 at -20.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TCIEX closed higher 53% of trading days. The best single day was Oct 28, 2008 with a return of +11.8%, while the worst single day was Mar 12, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.06% | 4.72% | -8.16% | 5.79% | 2.38% | 1.05% | 10.59% | ||||||
| 2025 | 4.91% | 3.08% | -0.13% | 4.08% | 4.57% | 2.55% | -2.53% | 4.76% | 2.44% | 0.94% | 0.68% | 2.66% | 31.55% |
| 2024 | -0.41% | 2.89% | 3.26% | -3.16% | 5.18% | -2.08% | 2.90% | 3.45% | 0.73% | -5.46% | -0.17% | -2.92% | 3.69% |
| 2023 | 8.53% | -2.99% | 3.13% | 2.75% | -3.85% | 4.44% | 2.76% | -3.91% | -3.60% | -3.04% | 8.51% | 5.36% | 18.21% |
| 2022 | -3.80% | -3.00% | -0.09% | -6.42% | 1.90% | -8.90% | 5.13% | -5.90% | -9.33% | 5.90% | 13.64% | -1.84% | -14.19% |
| 2021 | -1.37% | 2.44% | 2.43% | 2.92% | 3.72% | -1.37% | 0.82% | 1.55% | -3.30% | 3.06% | -4.50% | 4.82% | 11.30% |
Benchmark Metrics
TIAA-CREF International Equity Index Fund Institutional Class has an annualized alpha of -0.01%, beta of 0.85, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.
- This fund participated in 100.06% of S&P 500 Index downside but only 91.89% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.85 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.01%
- Beta
- 0.85
- R²
- 0.70
- Upside Capture
- 91.89%
- Downside Capture
- 100.06%
Expense Ratio
TCIEX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
TCIEX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCIEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.04 | 12.44 | -4.40 |
Dividends
Dividend History
TIAA-CREF International Equity Index Fund Institutional Class provided a 3.52% dividend yield over the last twelve months, with an annual payout of $1.08 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.08 | $1.08 | $0.70 | $0.69 | $0.54 | $0.69 | $0.42 | $0.62 | $0.58 | $0.56 | $0.49 | $0.51 |
Dividend yield | 3.52% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF International Equity Index Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TIAA-CREF International Equity Index Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TIAA-CREF International Equity Index Fund Institutional Class was 59.27%, occurring on Mar 9, 2009. Recovery took 1213 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.27%Mar 2009 | 1y 4mo | 4y 9mo | 6y 2moNov 2007 - Dec 2013 |
COVID crash2020 | -33.58%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -29.25%Sep 2022 | 1y 19d | 1y 4mo | 2y 5moSep 2021 - Feb 2024 |
2016 bear market2016 | -22.83%Feb 2016 | 1y 7mo | 1y 2mo | 2y 10moJul 2014 - May 2017 |
2003 correction2003 | -16.22%Mar 2003 | 2mo 4d | 1mo 25d | 3mo 29dJan 2003 - May 2003 |
Drawdown Indicators
| TCIEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -56.78% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -9.10% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -18.90% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -25.43% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -33.92% | +0.34% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -10.71% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.03% | +1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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