- ISIN
- US87249N8838
- Issuer
- TIAA Investments
- Inception Date
- Nov 16, 2018
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TGRNX Performance Chart
TIAA-CREF Green Bond Fund (TGRNX) is up 0.5% since the beginning of the year. TGRNX is currently trading at $9 per share. Investors who bought $1,000 worth of TGRNX shares 5 years ago would now be looking at an investment worth $1,016.
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Returns By Period
TIAA-CREF Green Bond Fund (TGRNX) has returned 0.46% so far this year and 4.70% over the past 12 months.
TIAA-CREF Green Bond Fund
- 1D
- -0.22%
- 1M
- 0.25%
- YTD
- 0.46%
- 6M
- 0.70%
- 1Y
- 4.70%
- 3Y*
- 4.57%
- 5Y*
- 0.32%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
TGRNX Monthly Returns History
Based on dividend-adjusted daily data since Nov 16, 2018, TGRNX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +4.6%, while the worst month was Mar 2020 at -6.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, TGRNX closed higher 45% of trading days. The best single day was Mar 26, 2020 with a return of +2.1%, while the worst single day was Mar 18, 2020 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.24% | 1.22% | -1.59% | 0.47% | 0.47% | -0.33% | 0.46% | ||||||
| 2025 | 0.48% | 1.69% | -0.18% | 0.26% | -0.07% | 1.36% | 0.14% | 1.02% | 1.00% | 0.36% | 0.58% | -0.08% | 6.76% |
| 2024 | 0.35% | -0.84% | 0.82% | -2.13% | 1.50% | 0.71% | 1.82% | 1.36% | 1.46% | -1.56% | 0.81% | -1.16% | 3.08% |
| 2023 | 3.12% | -1.95% | 2.10% | 0.22% | -0.99% | -0.45% | 0.22% | -0.32% | -1.67% | -1.37% | 3.74% | 3.17% | 5.73% |
| 2022 | -2.09% | -1.35% | -2.46% | -3.50% | -0.06% | -2.09% | 1.93% | -1.94% | -4.12% | -1.04% | 3.17% | -0.53% | -13.43% |
| 2021 | -0.18% | -1.43% | -1.12% | 0.95% | 0.49% | 0.74% | 1.02% | -0.07% | -0.74% | -0.19% | 0.11% | -0.15% | -0.60% |
Benchmark Metrics
TIAA-CREF Green Bond Fund has an annualized alpha of 2.42%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 19, 2018.
- This fund participated in 21.65% of S&P 500 Index downside but only 14.83% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.42%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 14.83%
- Downside Capture
- 21.65%
Expense Ratio
TGRNX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TGRNX ranks 36 for risk / return — below 36% 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 Green Bond Fund (TGRNX) and compare them to S&P 500 Index.
| TGRNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.98 | -0.88 |
| Martin ratioReturn relative to average drawdown | 6.89 | 13.78 | -6.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
TIAA-CREF Green Bond Fund provided a 4.30% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.40 | $0.40 | $0.30 | $0.24 | $0.29 | $0.46 | $0.46 | $0.04 |
Dividend yield | 4.30% | 4.31% | 4.48% | 3.30% | 2.69% | 2.76% | 4.20% | 4.38% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Green Bond Fund. 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.40 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.29 |
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 Green Bond Fund. 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 Green Bond Fund was 17.85%, occurring on Oct 21, 2022. Recovery took 826 trading sessions.
The current TIAA-CREF Green Bond Fund drawdown is 0.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.85%Oct 2022 | 1y 2mo | 3y 3mo | 4y 6moAug 2021 - Feb 2026 |
COVID crash2020 | -11.76%Mar 2020 | 15d | 3mo 15d | 4moMar 2020 - Jul 2020 |
2021 pullback2021 | -3.16%Mar 2021 | 2mo 12d | 3mo 22d | 6mo 4dJan 2021 - Jul 2021 |
2026 pullback2026 | -2.47%Mar 2026 | 25d | — | 3mo 5dMar 2026 - now |
2019 pullback2019 | -1.94%Sep 2019 | 8d | 21d | 29dSep 2019 - Oct 2019 |
Drawdown Indicators
| TGRNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.85% | -56.78% | +38.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -9.10% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -18.90% | +14.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -25.43% | +7.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.33% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -10.72% | +5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.97% | -1.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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