CTRIX vs. TIBDX
CTRIX (Calamos Total Return Bond Fund) and TIBDX (TIAA-CREF Core Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, CTRIX returned 1.48%/yr vs 1.91%/yr for TIBDX. Their correlation of 0.87 suggests significant overlap in exposure. CTRIX charges 0.65%/yr vs 0.29%/yr for TIBDX.
Performance
CTRIX vs. TIBDX - Performance Comparison
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Returns By Period
In the year-to-date period, CTRIX achieves a -0.15% return, which is significantly lower than TIBDX's 0.34% return. Over the past 10 years, CTRIX has underperformed TIBDX with an annualized return of 1.48%, while TIBDX has yielded a comparatively higher 1.91% annualized return.
CTRIX
- 1D
- -0.33%
- 1M
- 0.63%
- YTD
- -0.15%
- 6M
- 0.20%
- 1Y
- 4.06%
- 3Y*
- 3.80%
- 5Y*
- -0.11%
- 10Y*
- 1.48%
TIBDX
- 1D
- -0.33%
- 1M
- 0.60%
- YTD
- 0.34%
- 6M
- 0.71%
- 1Y
- 4.87%
- 3Y*
- 4.18%
- 5Y*
- 0.09%
- 10Y*
- 1.91%
CTRIX vs. TIBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTRIX Calamos Total Return Bond Fund | -0.15% | 7.31% | 1.49% | 4.78% | -12.91% | -1.27% | 6.97% | 9.24% | -1.10% | 3.32% |
TIBDX TIAA-CREF Core Bond Fund | 0.34% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
Correlation
The correlation between CTRIX and TIBDX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.87 |
The correlation between CTRIX and TIBDX has been stable across timeframes, ranging from 0.87 to 0.97 - a consistent structural relationship.
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Return for Risk
CTRIX vs. TIBDX — Risk / Return Rank
CTRIX
TIBDX
CTRIX vs. TIBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Total Return Bond Fund (CTRIX) 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.
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.
| CTRIX | TIBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.72 | -0.18 |
| Martin ratioReturn relative to average drawdown | 4.37 | 5.09 | -0.72 |
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Drawdowns
CTRIX vs. TIBDX - Drawdown Comparison
The maximum CTRIX drawdown since its inception was -17.84%, smaller than the maximum TIBDX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for CTRIX and TIBDX.
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Drawdown Indicators
| CTRIX | TIBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.84% | -18.82% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.98% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.23% | -6.29% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -18.82% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -17.84% | -18.82% | +0.98% |
Current DrawdownCurrent decline from peak | -2.17% | -1.54% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -2.30% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.01% | -0.03% |
Volatility
CTRIX vs. TIBDX - Volatility Comparison
Calamos Total Return Bond Fund (CTRIX) and TIAA-CREF Core Bond Fund (TIBDX) have volatilities of 1.10% and 1.10%, 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.
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Volatility by Period
| CTRIX | TIBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.10% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.95% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.88% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 5.64% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 4.74% | -0.14% |
CTRIX vs. TIBDX - Expense Ratio Comparison
CTRIX has a 0.65% expense ratio, which is higher than TIBDX's 0.29% expense ratio.
Dividends
CTRIX vs. TIBDX - Dividend Comparison
CTRIX's dividend yield for the trailing twelve months is around 3.56%, less than TIBDX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTRIX Calamos Total Return Bond Fund | 3.56% | 3.90% | 3.63% | 2.61% | 2.71% | 3.46% | 2.42% | 2.79% | 2.89% | 3.29% | 2.76% | 4.68% |
TIBDX TIAA-CREF Core Bond Fund | 4.46% | 4.34% | 3.60% | 3.22% | 2.44% | 2.39% | 4.45% | 3.09% | 2.88% | 2.93% | 3.80% | 4.68% |
Frequently Asked Questions
With a correlation of 0.94, CTRIX and TIBDX 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.
TIBDX has higher volatility (1.10%) compared to CTRIX (1.10%). In terms of maximum drawdown, CTRIX dropped -17.84% vs TIBDX's -18.82%.
TIBDX currently has the higher Sharpe Ratio (1.33 vs 1.13), 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.
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