DSCLX vs. TSBIX

Last updated Jun 3, 2026

DSCLX (DFA International Social Core Equity Portfolio) and TSBIX (TIAA-CREF Core Impact Bond Fund Institutional Class) are both mutual funds - DSCLX is a Foreign Large Cap Equities fund managed by Dimensional, while TSBIX is a Total Bond Market fund managed by TIAA Investments. Over the past 10 years, DSCLX returned 9.80%/yr vs 2.12%/yr for TSBIX. At a correlation of -0.00, they often move in opposite directions. DSCLX charges 0.27%/yr vs 0.35%/yr for TSBIX.

Performance

DSCLX vs. TSBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA International Social Core Equity Portfolio (DSCLX) and TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSCLX achieves a 10.75% return, which is significantly higher than TSBIX's 0.68% return. Over the past 10 years, DSCLX has outperformed TSBIX with an annualized return of 9.80%, while TSBIX has yielded a comparatively lower 2.12% annualized return.

DSCLX

• 1D: -0.38%
• 1M: 2.92%
• YTD: 10.75%
• 6M: 14.44%
• 1Y: 27.26%
• 3Y*: 20.44%
• 5Y*: 9.24%
• 10Y*: 9.80%

TSBIX

• 1D: -0.11%
• 1M: 0.14%
• YTD: 0.68%
• 6M: 1.09%
• 1Y: 6.46%
• 3Y*: 5.32%
• 5Y*: 0.66%
• 10Y*: 2.12%

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

DSCLX vs. TSBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSCLX DFA International Social Core Equity Portfolio	10.75%	37.80%	4.92%	18.46%	-16.62%	13.39%	7.53%	21.13%	-17.38%	27.65%
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class	0.68%	8.69%	3.32%	6.05%	-14.43%	-1.03%	7.43%	8.94%	0.08%	4.52%

Correlation

The correlation between DSCLX and TSBIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	-0.00

The correlation between DSCLX and TSBIX shifts across timeframes, from -0.00 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DSCLX vs. TSBIX — Risk / Return Rank

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

DSCLX

DSCLX Risk / Return Rank: 45
DSCLX Sharpe Ratio Rank: 46
DSCLX Sortino Ratio Rank: 43
DSCLX Omega Ratio Rank: 44
DSCLX Calmar Ratio Rank: 42
DSCLX Martin Ratio Rank: 47

TSBIX

TSBIX Risk / Return Rank: 33
TSBIX Sharpe Ratio Rank: 29
TSBIX Sortino Ratio Rank: 33
TSBIX Omega Ratio Rank: 28
TSBIX Calmar Ratio Rank: 41
TSBIX Martin Ratio Rank: 32

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.

DSCLX vs. TSBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA International Social Core Equity Portfolio (DSCLX) and TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX). 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.

	DSCLX	TSBIX	Difference
Sharpe ratio Return per unit of total volatility	1.99	1.58	+0.41
Sortino ratio Return per unit of downside risk	2.78	2.41	+0.37
Omega ratio Gain probability vs. loss probability	1.36	1.28	+0.07
Calmar ratio Return relative to maximum drawdown	2.49	2.47	+0.01
Martin ratio Return relative to average drawdown	9.79	7.46	+2.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSCLX vs. TSBIX - Sharpe Ratio Comparison

The current DSCLX Sharpe Ratio is 1.99, which is comparable to the TSBIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of DSCLX and TSBIX, 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

	DSCLX	TSBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	1.58	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.11	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.44	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.56	-0.04

Drawdowns

DSCLX vs. TSBIX - Drawdown Comparison

The maximum DSCLX drawdown since its inception was -42.26%, which is greater than TSBIX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for DSCLX and TSBIX.

Drawdown Indicators

	DSCLX	TSBIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.26%	-19.21%	-23.05%
Max Drawdown (1Y) Largest decline over 1 year	-11.93%	-2.87%	-9.06%
Max Drawdown (3Y) Largest decline over 3 years	-12.73%	-6.11%	-6.62%
Max Drawdown (5Y) Largest decline over 5 years	-32.15%	-19.21%	-12.94%
Max Drawdown (10Y) Largest decline over 10 years	-42.26%	-19.21%	-23.05%
Current Drawdown Current decline from peak	-0.38%	-1.32%	+0.94%
Average Drawdown Average peak-to-trough decline	-8.22%	-3.56%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	0.95%	+2.08%

Volatility

DSCLX vs. TSBIX - Volatility Comparison

DFA International Social Core Equity Portfolio (DSCLX) has a higher volatility of 4.47% compared to TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) at 1.35%. This indicates that DSCLX's price experiences larger fluctuations and is considered to be riskier than TSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSCLX	TSBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	1.35%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	2.81%	+9.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	3.89%	+10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	5.83%	+10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	4.85%	+11.70%

DSCLX vs. TSBIX - Expense Ratio Comparison

DSCLX has a 0.27% expense ratio, which is lower than TSBIX's 0.35% expense ratio.

Dividends

DSCLX vs. TSBIX - Dividend Comparison

DSCLX's dividend yield for the trailing twelve months is around 3.05%, less than TSBIX's 4.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSCLX DFA International Social Core Equity Portfolio	3.05%	3.38%	3.48%	3.17%	2.73%	3.53%	1.80%	2.91%	2.77%	2.45%	2.75%	2.56%
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class	4.72%	5.38%	5.10%	3.77%	2.31%	1.69%	4.56%	3.68%	2.63%	2.45%	3.19%	2.89%

Frequently Asked Questions

Can I hold both DSCLX and TSBIX in my portfolio?

DSCLX and TSBIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSCLX or TSBIX?

DSCLX has higher volatility (4.47%) compared to TSBIX (1.35%). In terms of maximum drawdown, DSCLX dropped -42.26% vs TSBIX's -19.21%.

Which has better risk-adjusted returns?

DSCLX currently has the higher Sharpe Ratio (1.99 vs 1.58), 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.