FIUSX vs. TIMVX

Last updated Jun 23, 2026

FIUSX (Delaware Opportunity Fund) and TIMVX (TIAA-CREF Mid-Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FIUSX returned 11.14%/yr vs 9.57%/yr for TIMVX. With a 0.95 correlation, they move nearly in lockstep. FIUSX charges 1.15%/yr vs 0.45%/yr for TIMVX.

Performance

FIUSX vs. TIMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Opportunity Fund (FIUSX) and TIAA-CREF Mid-Cap Value Fund (TIMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FIUSX having a 18.90% return and TIMVX slightly higher at 19.00%. Over the past 10 years, FIUSX has outperformed TIMVX with an annualized return of 11.14%, while TIMVX has yielded a comparatively lower 9.57% annualized return.

FIUSX

• 1D: 0.44%
• 1M: 1.86%
• YTD: 18.90%
• 6M: 17.21%
• 1Y: 34.42%
• 3Y*: 18.83%
• 5Y*: 11.89%
• 10Y*: 11.14%

TIMVX

• 1D: 0.71%
• 1M: 3.08%
• YTD: 19.00%
• 6M: 17.37%
• 1Y: 31.85%
• 3Y*: 18.14%
• 5Y*: 11.13%
• 10Y*: 9.57%

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

FIUSX vs. TIMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIUSX Delaware Opportunity Fund	18.90%	12.60%	14.07%	11.68%	-9.62%	30.95%	0.88%	29.58%	-15.71%	18.67%
TIMVX TIAA-CREF Mid-Cap Value Fund	19.00%	10.11%	14.48%	11.40%	-10.44%	32.27%	-4.21%	27.33%	-14.43%	9.30%

Correlation

The correlation between FIUSX and TIMVX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
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 Sep 30, 2002	0.95

The correlation between FIUSX and TIMVX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

FIUSX vs. TIMVX — Risk / Return Rank

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

FIUSX

FIUSX Risk / Return Rank: 85
FIUSX Sharpe Ratio Rank: 82
FIUSX Sortino Ratio Rank: 82
FIUSX Omega Ratio Rank: 73
FIUSX Calmar Ratio Rank: 94
FIUSX Martin Ratio Rank: 94

TIMVX

TIMVX Risk / Return Rank: 81
TIMVX Sharpe Ratio Rank: 78
TIMVX Sortino Ratio Rank: 77
TIMVX Omega Ratio Rank: 67
TIMVX Calmar Ratio Rank: 91
TIMVX Martin Ratio Rank: 91

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.

FIUSX vs. TIMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Opportunity Fund (FIUSX) and TIAA-CREF Mid-Cap Value Fund (TIMVX). 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.

	FIUSX	TIMVX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.38	+0.10
Sortino ratio: Return per unit of downside risk	3.55	3.36	+0.19
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio: Return relative to maximum drawdown	5.17	4.52	+0.65
Martin ratio: Return relative to average drawdown	19.13	17.18	+1.95

FIUSX vs. TIMVX - Sharpe Ratio Comparison

The current FIUSX Sharpe Ratio is 2.48, which is comparable to the TIMVX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FIUSX and TIMVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIUSX vs. TIMVX - Drawdown Comparison

The maximum FIUSX drawdown since its inception was -56.30%, roughly equal to the maximum TIMVX drawdown of -59.15%. Use the drawdown chart below to compare losses from any high point for FIUSX and TIMVX.

Drawdown Indicators

	FIUSX	TIMVX	Difference
Max Drawdown Largest peak-to-trough decline	-56.30%	-59.15%	+2.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.75%	-7.19%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-21.97%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	-21.97%	+0.28%
Max Drawdown (10Y) Largest decline over 10 years	-46.38%	-52.60%	+6.22%
Current Drawdown Current decline from peak	-1.07%	-0.19%	-0.88%
Average Drawdown Average peak-to-trough decline	-9.44%	-8.30%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.88%	-0.06%

Volatility

FIUSX vs. TIMVX - Volatility Comparison

Delaware Opportunity Fund (FIUSX) and TIAA-CREF Mid-Cap Value Fund (TIMVX) have volatilities of 4.37% and 4.24%, 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

	FIUSX	TIMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	4.24%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	10.26%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	13.62%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	17.75%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	21.73%	-1.14%

FIUSX vs. TIMVX - Expense Ratio Comparison

FIUSX has a 1.15% expense ratio, which is higher than TIMVX's 0.45% expense ratio.

Dividends

FIUSX vs. TIMVX - Dividend Comparison

FIUSX's dividend yield for the trailing twelve months is around 9.70%, more than TIMVX's 6.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIUSX Delaware Opportunity Fund	9.70%	11.53%	12.68%	2.85%	8.96%	5.62%	1.60%	40.65%	12.11%	6.00%	4.23%	1.14%
TIMVX TIAA-CREF Mid-Cap Value Fund	6.92%	8.23%	7.09%	1.63%	15.58%	14.87%	1.77%	20.99%	18.64%	7.13%	4.60%	10.06%

Frequently Asked Questions

Can I hold both FIUSX and TIMVX in my portfolio?

With a correlation of 0.96, FIUSX and TIMVX 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, FIUSX or TIMVX?

FIUSX has higher volatility (4.37%) compared to TIMVX (4.24%). In terms of maximum drawdown, FIUSX dropped -56.30% vs TIMVX's -59.15%.

Which has better risk-adjusted returns?

FIUSX currently has the higher Sharpe Ratio (2.48 vs 2.38), 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.