- ISIN
- US87244W8394
- Issuer
- TIAA Investments
- Inception Date
- Oct 1, 2002
- Category
- Small Cap Blend Equities
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TISEX Performance Chart
TIAA-CREF Quant Small-Cap Equity Fund (TISEX) is up 21.7% since the beginning of the year. TISEX is currently trading at $24 per share. Investors who bought $1,000 worth of TISEX shares 5 years ago would now be looking at an investment worth $1,740.
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Returns By Period
TIAA-CREF Quant Small-Cap Equity Fund (TISEX) has returned 21.65% so far this year and 46.28% over the past 12 months. Over the last ten years, TISEX has had an annualized return of 13.30%, just under the S&P 500 Index benchmark’s 13.88%.
TIAA-CREF Quant Small-Cap Equity Fund
- 1D
- 2.18%
- 1M
- 3.87%
- YTD
- 21.65%
- 6M
- 18.57%
- 1Y
- 46.28%
- 3Y*
- 21.87%
- 5Y*
- 11.72%
- 10Y*
- 13.30%
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%
TISEX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2002, TISEX's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +18.0%, while the worst month was Mar 2020 at -24.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TISEX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -15.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.58% | 1.02% | -4.29% | 12.34% | 4.53% | 2.45% | 21.65% | ||||||
| 2025 | 3.76% | -5.46% | -6.83% | -1.49% | 6.11% | 4.50% | 1.15% | 8.41% | 2.09% | 1.36% | 2.79% | -0.12% | 16.31% |
| 2024 | -1.82% | 6.08% | 3.33% | -6.71% | 6.06% | 0.21% | 7.94% | -0.44% | 0.69% | -1.43% | 10.79% | -7.78% | 16.29% |
| 2023 | 8.51% | -0.36% | -4.70% | -2.11% | -0.13% | 8.45% | 5.68% | -4.23% | -5.07% | -6.67% | 8.96% | 11.23% | 18.72% |
| 2022 | -8.60% | 2.41% | 0.84% | -9.06% | -0.06% | -8.13% | 10.05% | -1.15% | -8.81% | 11.95% | 2.46% | -5.75% | -15.49% |
| 2021 | 4.69% | 9.11% | 1.65% | 3.16% | 0.77% | 1.56% | -2.64% | 2.57% | -2.55% | 4.74% | -3.62% | 3.79% | 25.00% |
Benchmark Metrics
TIAA-CREF Quant Small-Cap Equity Fund has an annualized alpha of 1.13%, beta of 1.14, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since September 30, 2002.
- This fund captured 122.02% of S&P 500 Index gains and 113.84% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.14 and R2 of 0.81, 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
- 1.13%
- Beta
- 1.14
- R²
- 0.81
- Upside Capture
- 122.02%
- Downside Capture
- 113.84%
Expense Ratio
TISEX has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TISEX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TIAA-CREF Quant Small-Cap Equity Fund (TISEX) 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.
| TISEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 2.78 | +2.26 |
| Martin ratioReturn relative to average drawdown | 18.74 | 12.44 | +6.30 |
Dividends
Dividend History
TIAA-CREF Quant Small-Cap Equity Fund provided a 7.49% dividend yield over the last twelve months, with an annual payout of $1.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.79 | $1.79 | $2.25 | $0.37 | $0.98 | $4.03 | $0.12 | $0.90 | $2.89 | $1.96 | $0.64 | $1.23 |
Dividend yield | 7.49% | 9.11% | 12.26% | 2.08% | 6.47% | 21.14% | 0.63% | 5.41% | 20.46% | 10.29% | 3.48% | 7.75% |
Monthly Dividends
The table displays the monthly dividend distributions for TIAA-CREF Quant Small-Cap Equity 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 | $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 | $1.79 | $1.79 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.25 | $2.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.03 | $4.03 |
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 Quant Small-Cap Equity 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 Quant Small-Cap Equity Fund was 59.91%, occurring on Mar 9, 2009. Recovery took 492 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.91%Mar 2009 | 1y 9mo | 1y 11mo | 3y 8moJun 2007 - Feb 2011 |
COVID crash2020 | -45.76%Mar 2020 | 1y 6mo | 8mo 11d | 2y 2moSep 2018 - Nov 2020 |
2011 bear market2011 | -29.86%Oct 2011 | 2mo 27d | 11mo 17d | 1y 2moJul 2011 - Sep 2012 |
Bear market2022 | -27.92%Jun 2022 | 7mo 9d | 1y 8mo | 2y 3moNov 2021 - Mar 2024 |
2025 selloff2025 | -26.18%Apr 2025 | 4mo 4d | 4mo 21d | 8mo 25dDec 2024 - Aug 2025 |
Drawdown Indicators
| TISEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.91% | -56.78% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -9.10% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.18% | -18.90% | -7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | -25.43% | -2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.76% | -33.92% | -11.84% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -10.71% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.03% | +0.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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