FCBYX vs. TIBDX
FCBYX (Nuveen Strategic Income Fund) and TIBDX (TIAA-CREF Core Bond Fund) are both mutual funds - FCBYX is a Multisector Bonds fund managed by Nuveen, while TIBDX is a Intermediate Core-Plus Bond fund managed by TIAA. Over the past 10 years, FCBYX returned 3.92%/yr vs 1.71%/yr for TIBDX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FCBYX charges 0.59%/yr vs 0.29%/yr for TIBDX.
Performance
FCBYX vs. TIBDX - Performance Comparison
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Returns By Period
In the year-to-date period, FCBYX achieves a 0.60% return, which is significantly higher than TIBDX's -0.38% return. Over the past 10 years, FCBYX has outperformed TIBDX with an annualized return of 3.92%, while TIBDX has yielded a comparatively lower 1.71% annualized return.
FCBYX
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 0.13%
- YTD
- 0.60%
- 1Y
- 4.01%
- 3Y*
- 6.70%
- 5Y*
- 2.62%
- 10Y*
- 3.92%
- ALL TIME*
- 4.95%
TIBDX
- 1D
- 0.00%
- 1M
- -1.31%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 2.45%
- 3Y*
- 3.85%
- 5Y*
- -0.32%
- 10Y*
- 1.71%
- ALL TIME*
- 3.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCBYX vs. TIBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 0.60% | 8.55% | 6.86% | 9.14% | -10.36% | 1.47% | 8.45% | 13.18% | -3.07% | 5.54% |
TIBDX TIAA-CREF Core Bond Fund | -0.38% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
Correlation
The correlation between FCBYX and TIBDX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000 | 0.75 |
The correlation between FCBYX and TIBDX shifts across timeframes, from 0.75 (all time) to 0.90 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCBYX vs. TIBDX — Risk / Return Rank
FCBYX
TIBDX
FCBYX vs. TIBDX - Risk-Adjusted Trends 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.
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.
| FCBYX | TIBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.22 | +0.89 |
| Martin ratioReturn relative to average drawdown | 6.86 | 3.25 | +3.61 |
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Drawdowns
FCBYX vs. TIBDX - Drawdown Comparison
The maximum FCBYX drawdown since its inception was -24.49%, which is greater than TIBDX's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for FCBYX and TIBDX.
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Drawdown Indicators
| FCBYX | TIBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.49% | -18.82% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -2.98% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.16% | -5.35% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -18.82% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | -18.82% | +2.89% |
Current DrawdownCurrent decline from peak | -0.93% | -2.25% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -2.30% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.12% | -0.39% |
Volatility
FCBYX vs. TIBDX - Volatility Comparison
The current volatility for Nuveen Strategic Income Fund (FCBYX) is 0.54%, while TIAA-CREF Core Bond Fund (TIBDX) has a volatility of 0.88%. 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.
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Volatility by Period
| FCBYX | TIBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.88% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 3.00% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 3.77% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 5.65% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 4.74% | -0.55% |
FCBYX vs. TIBDX - Expense Ratio Comparison
FCBYX has a 0.59% expense ratio, which is higher than TIBDX's 0.29% expense ratio.
Dividends
FCBYX vs. TIBDX - Dividend Comparison
FCBYX's dividend yield for the trailing twelve months is around 4.81%, more than TIBDX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 4.81% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
TIBDX TIAA-CREF Core Bond Fund | 4.15% | 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 0.90, FCBYX 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 (0.88%) compared to FCBYX (0.54%). In terms of maximum drawdown, FCBYX dropped -24.49% vs TIBDX's -18.82%.
FCBYX currently has the higher Sharpe Ratio (1.85 vs 0.97), 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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