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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TIAA-CREF International Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
TIAA-CREF International Bond Fund (TIBWX) has returned -1.13% so far this year and 2.83% over the past 12 months.
TIAA-CREF International Bond Fund
- 1D
- 0.11%
- 1M
- -2.88%
- YTD
- -1.13%
- 6M
- -0.51%
- 1Y
- 2.83%
- 3Y*
- 4.61%
- 5Y*
- 0.90%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 3, 2017, TIBWX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 2023 with a return of +3.2%, while the worst month was Mar 2020 at -4.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, TIBWX closed higher 41% of trading days. The best single day was Dec 6, 2019 with a return of +2.7%, while the worst single day was Dec 9, 2019 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.56% | 1.23% | -2.88% | -1.13% | |||||||||
| 2025 | 0.46% | 0.69% | -0.92% | 1.04% | 0.34% | 0.80% | 0.11% | 0.23% | 0.79% | 0.89% | -0.11% | -0.15% | 4.24% |
| 2024 | -0.24% | -0.00% | 0.95% | -1.18% | 0.48% | 0.83% | 1.65% | 0.81% | 1.15% | -0.80% | 1.38% | -0.48% | 4.60% |
| 2023 | 2.46% | -1.26% | 1.53% | 0.25% | 0.00% | 0.50% | 0.75% | -0.37% | -1.25% | -0.13% | 3.16% | 3.19% | 9.06% |
| 2022 | -1.33% | -2.18% | -1.55% | -2.49% | -0.89% | -2.84% | 2.59% | -2.07% | -3.07% | 0.38% | 2.89% | -1.24% | -11.39% |
| 2021 | -0.49% | -1.68% | -0.40% | 0.40% | 0.40% | 0.20% | 1.00% | -0.00% | -1.09% | -0.60% | 0.10% | -0.02% | -2.19% |
Benchmark Metrics
TIAA-CREF International Bond Fund has an annualized alpha of 2.16%, beta of 0.02, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.
- This fund participated in 17.55% of S&P 500 Index downside but only 14.35% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R² of 0.02 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 0.02 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
- 2.16%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 14.35%
- Downside Capture
- 17.55%
Expense Ratio
TIBWX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TIBWX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TIAA-CREF International Bond Fund (TIBWX) and compare them to a chosen benchmark (S&P 500 Index).
| TIBWX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.90 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.39 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.40 | -0.37 |
Martin ratioReturn relative to average drawdown | 5.28 | 6.61 | -1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore TIBWX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
TIAA-CREF International Bond Fund provided a 1.55% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.17 | $0.02 | $0.92 | $0.20 | $0.28 | $0.54 | $0.38 | $0.15 |
Dividend yield | 1.55% | 1.53% | 1.95% | 0.24% | 11.88% | 2.03% | 2.75% | 5.40% | 3.93% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF International 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 | $0.00 | $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 | $0.14 | $0.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.37 | $0.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
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 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 International Bond Fund was 16.47%, occurring on Oct 21, 2022. Recovery took 649 trading sessions.
The current TIAA-CREF International Bond Fund drawdown is 2.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.47% | Jan 5, 2021 | 454 | Oct 21, 2022 | 649 | May 27, 2025 | 1103 |
| -7.53% | Mar 9, 2020 | 9 | Mar 19, 2020 | 97 | Aug 6, 2020 | 106 |
| -2.99% | Mar 2, 2026 | 20 | Mar 27, 2026 | — | — | — |
| -2.55% | Dec 9, 2019 | 1 | Dec 9, 2019 | 52 | Feb 25, 2020 | 53 |
| -2.01% | Apr 18, 2018 | 120 | Oct 5, 2018 | 64 | Jan 9, 2019 | 184 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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