FCBYX vs. TIBDX
Compare and contrast key facts about Nuveen Strategic Income Fund (FCBYX) and TIAA-CREF Core Bond Fund (TIBDX).
FCBYX is managed by Nuveen. It was launched on Jan 31, 2000. TIBDX is managed by TIAA Investments. It was launched on Jul 1, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBYX or TIBDX.
Key characteristics
| FCBYX | TIBDX | |
|---|---|---|
| YTD Return | 2.00% | -0.58% |
| 1Y Return | 8.52% | 3.50% |
| 3Y Return (Ann) | 0.34% | -2.33% |
| 5Y Return (Ann) | 3.08% | 1.06% |
| 10Y Return (Ann) | 2.94% | 2.01% |
| Sharpe Ratio | 1.70 | 0.48 |
| Daily Std Dev | 5.01% | 6.37% |
| Max Drawdown | -24.48% | -18.06% |
| Current Drawdown | -1.29% | -9.04% |
Correlation
The correlation between FCBYX and TIBDX is 0.75, 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.
Performance
FCBYX vs. TIBDX - Performance Comparison
In the year-to-date period, FCBYX achieves a 2.00% return, which is significantly higher than TIBDX's -0.58% return. Over the past 10 years, FCBYX has outperformed TIBDX with an annualized return of 2.94%, while TIBDX has yielded a comparatively lower 2.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCBYX vs. TIBDX - Expense Ratio Comparison
FCBYX has a 0.59% expense ratio, which is higher than TIBDX's 0.29% expense ratio.
Risk-Adjusted Performance
FCBYX vs. TIBDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Income Fund (FCBYX) 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.
Dividends
FCBYX vs. TIBDX - Dividend Comparison
FCBYX's dividend yield for the trailing twelve months is around 5.98%, more than TIBDX's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 5.98% | 5.59% | 4.44% | 3.06% | 3.57% | 3.67% | 3.87% | 4.94% | 5.34% | 5.54% | 5.19% | 5.00% |
TIBDX TIAA-CREF Core Bond Fund | 4.07% | 3.88% | 2.99% | 2.79% | 6.08% | 2.90% | 2.91% | 2.93% | 3.81% | 3.89% | 3.09% | 3.25% |
Drawdowns
FCBYX vs. TIBDX - Drawdown Comparison
The maximum FCBYX drawdown since its inception was -24.48%, which is greater than TIBDX's maximum drawdown of -18.06%. Use the drawdown chart below to compare losses from any high point for FCBYX and TIBDX. For additional features, visit the drawdowns tool.
Volatility
FCBYX vs. TIBDX - Volatility Comparison
The current volatility for Nuveen Strategic Income Fund (FCBYX) is 1.24%, while TIAA-CREF Core Bond Fund (TIBDX) has a volatility of 1.37%. This indicates that FCBYX 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.