ABIYX vs. TCIEX

Last updated Jun 3, 2026

ABIYX (AB International Value Fund) and TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) are both mutual funds - ABIYX is a Foreign Large Cap Equities fund managed by AllianceBernstein, while TCIEX is a Large Cap Blend Equities fund tracking the MSCI EAFE Index. Over the past 10 years, ABIYX returned 7.89%/yr vs 9.38%/yr for TCIEX. Their correlation of 0.94 suggests significant overlap in exposure. ABIYX charges 1.00%/yr vs 0.05%/yr for TCIEX.

Performance

ABIYX vs. TCIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB International Value Fund (ABIYX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABIYX achieves a 7.99% return, which is significantly lower than TCIEX's 9.52% return. Over the past 10 years, ABIYX has underperformed TCIEX with an annualized return of 7.89%, while TCIEX has yielded a comparatively higher 9.38% annualized return.

ABIYX

• 1D: -0.43%
• 1M: 1.90%
• YTD: 7.99%
• 6M: 11.73%
• 1Y: 24.42%
• 3Y*: 18.68%
• 5Y*: 10.09%
• 10Y*: 7.89%

TCIEX

• 1D: 0.33%
• 1M: 4.10%
• YTD: 9.52%
• 6M: 11.87%
• 1Y: 22.18%
• 3Y*: 17.07%
• 5Y*: 8.81%
• 10Y*: 9.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABIYX vs. TCIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABIYX AB International Value Fund	7.99%	42.41%	4.89%	15.24%	-10.62%	11.07%	2.22%	16.83%	-23.04%	25.19%
TCIEX TIAA-CREF International Equity Index Fund Institutional Class	9.52%	31.55%	3.69%	18.21%	-14.19%	11.30%	8.13%	21.82%	-13.27%	25.34%

Correlation

The correlation between ABIYX and TCIEX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003	0.94

The correlation between ABIYX and TCIEX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

ABIYX vs. TCIEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABIYX

ABIYX Risk / Return Rank: 35
ABIYX Sharpe Ratio Rank: 37
ABIYX Sortino Ratio Rank: 37
ABIYX Omega Ratio Rank: 37
ABIYX Calmar Ratio Rank: 32
ABIYX Martin Ratio Rank: 33

TCIEX

TCIEX Risk / Return Rank: 26
TCIEX Sharpe Ratio Rank: 25
TCIEX Sortino Ratio Rank: 24
TCIEX Omega Ratio Rank: 25
TCIEX Calmar Ratio Rank: 26
TCIEX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABIYX vs. TCIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB International Value Fund (ABIYX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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.

	ABIYX	TCIEX	Difference
Sharpe ratio Return per unit of total volatility	1.78	1.42	+0.36
Sortino ratio Return per unit of downside risk	2.54	2.04	+0.49
Omega ratio Gain probability vs. loss probability	1.32	1.26	+0.07
Calmar ratio Return relative to maximum drawdown	2.15	1.89	+0.26
Martin ratio Return relative to average drawdown	7.57	7.06	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABIYX vs. TCIEX - Sharpe Ratio Comparison

The current ABIYX Sharpe Ratio is 1.78, which is comparable to the TCIEX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of ABIYX and TCIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABIYX	TCIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.42	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.55	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.57	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.41	-0.12

Drawdowns

ABIYX vs. TCIEX - Drawdown Comparison

The maximum ABIYX drawdown since its inception was -69.72%, which is greater than TCIEX's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for ABIYX and TCIEX.

Drawdown Indicators

	ABIYX	TCIEX	Difference
Max Drawdown Largest peak-to-trough decline	-69.72%	-59.27%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-11.35%	-0.85%
Max Drawdown (3Y) Largest decline over 3 years	-13.97%	-13.58%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-31.49%	-29.25%	-2.24%
Max Drawdown (10Y) Largest decline over 10 years	-49.77%	-33.58%	-16.19%
Current Drawdown Current decline from peak	-3.14%	-0.49%	-2.65%
Average Drawdown Average peak-to-trough decline	-23.79%	-10.58%	-13.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.02%	+0.44%

Volatility

ABIYX vs. TCIEX - Volatility Comparison

AB International Value Fund (ABIYX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) have volatilities of 4.56% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABIYX	TCIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	4.65%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	12.25%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	15.11%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	16.10%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	16.65%	+1.01%

ABIYX vs. TCIEX - Expense Ratio Comparison

ABIYX has a 1.00% expense ratio, which is higher than TCIEX's 0.05% expense ratio.

Dividends

ABIYX vs. TCIEX - Dividend Comparison

ABIYX's dividend yield for the trailing twelve months is around 2.67%, less than TCIEX's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABIYX AB International Value Fund	2.67%	2.88%	10.15%	1.38%	1.39%	2.78%	0.92%	1.31%	0.52%	2.02%	0.34%	1.69%
TCIEX TIAA-CREF International Equity Index Fund Institutional Class	3.55%	3.89%	3.17%	3.14%	2.82%	3.02%	1.96%	3.08%	3.42%	2.78%	2.95%	3.06%

Frequently Asked Questions

Can I hold both ABIYX and TCIEX in my portfolio?

With a correlation of 0.96, ABIYX and TCIEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ABIYX or TCIEX?

TCIEX has higher volatility (4.65%) compared to ABIYX (4.56%). In terms of maximum drawdown, ABIYX dropped -69.72% vs TCIEX's -59.27%.

Which has better risk-adjusted returns?

ABIYX currently has the higher Sharpe Ratio (1.78 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.