CTRIX vs. TIBDX

Last updated Jun 4, 2026

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 1.55%/yr vs 1.99%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Total Return Bond Fund (CTRIX) and TIAA-CREF Core Bond Fund (TIBDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTRIX achieves a 0.07% return, which is significantly lower than TIBDX's 0.67% return. Over the past 10 years, CTRIX has underperformed TIBDX with an annualized return of 1.55%, while TIBDX has yielded a comparatively higher 1.99% annualized return.

CTRIX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.07%
• 6M: -0.02%
• 1Y: 5.23%
• 3Y*: 3.88%
• 5Y*: 0.05%
• 10Y*: 1.55%

TIBDX

• 1D: 0.00%
• 1M: 0.60%
• YTD: 0.67%
• 6M: 0.72%
• 1Y: 6.03%
• 3Y*: 4.33%
• 5Y*: 0.25%
• 10Y*: 1.99%

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

CTRIX vs. TIBDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTRIX Calamos Total Return Bond Fund	0.07%	7.31%	1.49%	4.78%	-12.91%	-1.27%	6.97%	9.24%	-1.10%	3.32%
TIBDX TIAA-CREF Core Bond Fund	0.67%	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 29, 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.

Return for Risk

CTRIX vs. TIBDX — Risk / Return Rank

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

CTRIX

CTRIX Risk / Return Rank: 23
CTRIX Sharpe Ratio Rank: 23
CTRIX Sortino Ratio Rank: 23
CTRIX Omega Ratio Rank: 23
CTRIX Calmar Ratio Rank: 25
CTRIX Martin Ratio Rank: 22

TIBDX

TIBDX Risk / Return Rank: 30
TIBDX Sharpe Ratio Rank: 30
TIBDX Sortino Ratio Rank: 32
TIBDX Omega Ratio Rank: 30
TIBDX Calmar Ratio Rank: 30
TIBDX Martin Ratio Rank: 26

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.

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.

	CTRIX	TIBDX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.56	-0.20
Sortino ratio: Return per unit of downside risk	2.01	2.34	-0.33
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.88	2.04	-0.16
Martin ratio: Return relative to average drawdown	5.64	6.36	-0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTRIX vs. TIBDX - Sharpe Ratio Comparison

The current CTRIX Sharpe Ratio is 1.36, which is comparable to the TIBDX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of CTRIX and TIBDX, 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

	CTRIX	TIBDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	1.56	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.05	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.42	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.95	-0.45

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.

Drawdown Indicators

	CTRIX	TIBDX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.95%	-1.22%	-0.73%
Average Drawdown Average peak-to-trough decline	-3.04%	-2.30%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.95%	-0.02%

Volatility

CTRIX vs. TIBDX - Volatility Comparison

Calamos Total Return Bond Fund (CTRIX) and TIAA-CREF Core Bond Fund (TIBDX) have volatilities of 1.37% and 1.39%, 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

	CTRIX	TIBDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	1.39%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	2.88%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.90%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.54%	5.63%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	4.73%	-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 3.55%, less than TIBDX's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTRIX Calamos Total Return Bond Fund	3.55%	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	4.45%	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

Can I hold both CTRIX and TIBDX in my portfolio?

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.

Which is riskier, CTRIX or TIBDX?

TIBDX has higher volatility (1.39%) compared to CTRIX (1.37%). In terms of maximum drawdown, CTRIX dropped -17.84% vs TIBDX's -18.82%.

Which has better risk-adjusted returns?

TIBDX currently has the higher Sharpe Ratio (1.56 vs 1.36), 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.