CPBYX vs. TGRNX
CPBYX (Invesco Core Plus Bond Fund) and TGRNX (TIAA-CREF Green Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, CPBYX returned -0.32%/yr vs -0.10%/yr for TGRNX. Their correlation of 0.93 means they have usually moved in the same direction. CPBYX charges 0.50%/yr vs 0.45%/yr for TGRNX.
Performance
CPBYX vs. TGRNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CPBYX achieves a -0.76% return, which is significantly lower than TGRNX's -0.19% return.
CPBYX
- 1D
- -0.33%
- 1M
- -1.63%
- 6M
- -1.14%
- YTD
- -0.76%
- 1Y
- 2.35%
- 3Y*
- 4.73%
- 5Y*
- -0.32%
- 10Y*
- 2.19%
- ALL TIME*
- 3.40%
TGRNX
- 1D
- -0.22%
- 1M
- -1.10%
- 6M
- -0.44%
- YTD
- -0.19%
- 1Y
- 2.15%
- 3Y*
- 4.47%
- 5Y*
- -0.10%
- 10Y*
- —
- ALL TIME*
- 2.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CPBYX vs. TGRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | -0.76% | 7.38% | 3.52% | 5.51% | -14.41% | -0.34% | 9.85% | 12.26% | 0.86% |
TGRNX TIAA-CREF Green Bond Fund | -0.19% | 6.76% | 3.08% | 5.73% | -13.43% | -0.60% | 8.57% | 9.15% | 1.43% |
Correlation
The correlation between CPBYX and TGRNX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.93 |
The correlation between CPBYX and TGRNX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CPBYX vs. TGRNX — Risk / Return Rank
CPBYX
TGRNX
CPBYX vs. TGRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Plus Bond Fund (CPBYX) and TIAA-CREF Green Bond Fund (TGRNX). 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.
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.
| CPBYX | TGRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.10 | -0.11 |
| Martin ratioReturn relative to average drawdown | 2.76 | 3.23 | -0.46 |
Loading charts...
Drawdowns
CPBYX vs. TGRNX - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -20.73%, which is greater than TGRNX's maximum drawdown of -17.85%. Use the drawdown chart below to compare losses from any high point for CPBYX and TGRNX.
Loading charts...
Drawdown Indicators
| CPBYX | TGRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.73% | -17.85% | -2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.47% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -3.36% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.73% | -17.70% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -20.73% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -1.63% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -5.13% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.84% | +0.26% |
Volatility
CPBYX vs. TGRNX - Volatility Comparison
Invesco Core Plus Bond Fund (CPBYX) has a higher volatility of 0.93% compared to TIAA-CREF Green Bond Fund (TGRNX) at 0.82%. This indicates that CPBYX's price experiences larger fluctuations and is considered to be riskier than TGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CPBYX | TGRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.82% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.45% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.09% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 4.84% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 4.78% | -0.09% |
CPBYX vs. TGRNX - Expense Ratio Comparison
CPBYX has a 0.50% expense ratio, which is higher than TGRNX's 0.45% expense ratio.
Dividends
CPBYX vs. TGRNX - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.29%, more than TGRNX's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.29% | 4.68% | 4.90% | 3.87% | 3.76% | 3.16% | 5.94% | 4.13% | 3.74% | 3.10% | 3.20% | 3.81% |
TGRNX TIAA-CREF Green Bond Fund | 3.96% | 4.31% | 4.48% | 3.30% | 2.69% | 2.76% | 4.20% | 4.38% | 0.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, CPBYX and TGRNX 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.
CPBYX has higher volatility (0.93%) compared to TGRNX (0.82%). In terms of maximum drawdown, CPBYX dropped -20.73% vs TGRNX's -17.85%.
TGRNX currently has the higher Sharpe Ratio (0.89 vs 0.83), 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.
Find the right allocation for CPBYX and TGRNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer