CPBYX vs. TIBDX
Compare and contrast key facts about Invesco Core Plus Bond Fund (CPBYX) and TIAA-CREF Core Bond Fund (TIBDX).
CPBYX is managed by Invesco. It was launched on Jun 3, 2009. TIBDX is managed by TIAA Investments. It was launched on Jul 1, 1999.
Performance
CPBYX vs. TIBDX - Performance Comparison
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CPBYX vs. TIBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | -0.86% | 7.38% | 3.52% | 5.51% | -14.41% | -0.34% | 9.85% | 12.26% | -2.43% | 5.38% |
TIBDX TIAA-CREF Core Bond Fund | -0.69% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
Returns By Period
In the year-to-date period, CPBYX achieves a -0.86% return, which is significantly lower than TIBDX's -0.69% return. Over the past 10 years, CPBYX has outperformed TIBDX with an annualized return of 2.57%, while TIBDX has yielded a comparatively lower 1.99% annualized return.
CPBYX
- 1D
- 0.44%
- 1M
- -2.65%
- YTD
- -0.86%
- 6M
- 0.19%
- 1Y
- 4.15%
- 3Y*
- 4.42%
- 5Y*
- 0.28%
- 10Y*
- 2.57%
TIBDX
- 1D
- 0.44%
- 1M
- -2.56%
- YTD
- -0.69%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.62%
- 5Y*
- 0.19%
- 10Y*
- 1.99%
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CPBYX vs. TIBDX - Expense Ratio Comparison
CPBYX has a 0.50% expense ratio, which is higher than TIBDX's 0.29% expense ratio.
Return for Risk
CPBYX vs. TIBDX — Risk / Return Rank
CPBYX
TIBDX
CPBYX vs. TIBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Plus Bond Fund (CPBYX) and TIAA-CREF Core Bond Fund (TIBDX). 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.
| CPBYX | TIBDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.06 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.51 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.62 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.13 | 5.07 | +0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPBYX | TIBDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.06 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.03 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.42 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.95 | -0.11 |
Correlation
The correlation between CPBYX and TIBDX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CPBYX vs. TIBDX - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.32%, more than TIBDX's 4.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.32% | 4.68% | 4.90% | 3.87% | 3.76% | 3.16% | 5.94% | 4.13% | 3.74% | 3.10% | 3.20% | 3.81% |
TIBDX TIAA-CREF Core Bond Fund | 4.04% | 4.34% | 3.60% | 3.22% | 2.44% | 2.39% | 4.45% | 3.09% | 2.88% | 2.93% | 3.80% | 4.68% |
Drawdowns
CPBYX vs. TIBDX - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -20.73%, which is greater than TIBDX's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for CPBYX and TIBDX.
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Drawdown Indicators
| CPBYX | TIBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.73% | -18.82% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.98% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.73% | -18.82% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.73% | -18.82% | -1.91% |
Current DrawdownCurrent decline from peak | -2.65% | -2.56% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -2.31% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.95% | +0.03% |
Volatility
CPBYX vs. TIBDX - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 1.41%, while TIAA-CREF Core Bond Fund (TIBDX) has a volatility of 1.57%. This indicates that CPBYX experiences smaller price fluctuations and is considered to be less risky than TIBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPBYX | TIBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.57% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.55% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.26% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.59% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.71% | -0.05% |