FTIHX vs. TCIEX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Total International Index Fund (FTIHX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX).

FTIHX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Investable Market Index. It was launched on Jun 7, 2016. TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002. Both FTIHX and TCIEX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTIHX vs. TCIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total International Index Fund (FTIHX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). The values are adjusted to include any dividend payments, if applicable.

FTIHX vs. TCIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTIHX Fidelity Total International Index Fund	1.79%	32.59%	4.98%	15.49%	-16.29%	8.45%	11.09%	21.50%	-14.40%	25.88%
TCIEX TIAA-CREF International Equity Index Fund Institutional Class	1.04%	31.55%	3.69%	18.21%	-14.19%	11.30%	8.13%	21.82%	-13.27%	25.34%

Returns By Period

In the year-to-date period, FTIHX achieves a 1.79% return, which is significantly higher than TCIEX's 1.04% return.

FTIHX

• 1D: 2.98%
• 1M: -7.01%
• YTD: 1.79%
• 6M: 5.81%
• 1Y: 27.20%
• 3Y*: 15.30%
• 5Y*: 7.14%
• 10Y*: —

TCIEX

• 1D: 3.00%
• 1M: -6.29%
• YTD: 1.04%
• 6M: 4.81%
• 1Y: 22.86%
• 3Y*: 14.48%
• 5Y*: 8.26%
• 10Y*: 8.90%

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

FTIHX vs. TCIEX - Expense Ratio Comparison

FTIHX has a 0.06% expense ratio, which is higher than TCIEX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FTIHX

Fidelity Total International Index Fund

TCIEX

TIAA-CREF International Equity Index Fund Institutional Class

Return for Risk

FTIHX vs. TCIEX — Risk / Return Rank

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

FTIHX

FTIHX Risk / Return Rank: 86
FTIHX Sharpe Ratio Rank: 87
FTIHX Sortino Ratio Rank: 86
FTIHX Omega Ratio Rank: 85
FTIHX Calmar Ratio Rank: 88
FTIHX Martin Ratio Rank: 87

TCIEX

TCIEX Risk / Return Rank: 73
TCIEX Sharpe Ratio Rank: 74
TCIEX Sortino Ratio Rank: 73
TCIEX Omega Ratio Rank: 70
TCIEX Calmar Ratio Rank: 76
TCIEX Martin Ratio Rank: 72

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.

FTIHX vs. TCIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total International Index Fund (FTIHX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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.

	FTIHX	TCIEX	Difference
Sharpe ratio Return per unit of total volatility	1.74	1.36	+0.39
Sortino ratio Return per unit of downside risk	2.32	1.87	+0.45
Omega ratio Gain probability vs. loss probability	1.35	1.27	+0.08
Calmar ratio Return relative to maximum drawdown	2.38	1.83	+0.54
Martin ratio Return relative to average drawdown	9.30	6.94	+2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTIHX vs. TCIEX - Sharpe Ratio Comparison

The current FTIHX Sharpe Ratio is 1.74, which is comparable to the TCIEX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FTIHX and TCIEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTIHX	TCIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.36	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.52	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.39	+0.17

Correlation

The correlation between FTIHX and TCIEX is 0.96, 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.

Dividends

FTIHX vs. TCIEX - Dividend Comparison

FTIHX's dividend yield for the trailing twelve months is around 2.73%, less than TCIEX's 3.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTIHX Fidelity Total International Index Fund	2.73%	2.78%	2.88%	2.78%	2.51%	2.55%	1.62%	2.61%	2.21%	0.45%	0.47%	0.00%
TCIEX TIAA-CREF International Equity Index Fund Institutional Class	3.85%	3.89%	3.17%	3.14%	2.82%	3.02%	1.96%	3.08%	3.42%	2.78%	2.95%	3.06%

Drawdowns

FTIHX vs. TCIEX - Drawdown Comparison

The maximum FTIHX drawdown since its inception was -35.75%, smaller than the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for FTIHX and TCIEX.

Drawdown Indicators

	FTIHX	TCIEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.75%	-59.27%	+23.52%
Max Drawdown (1Y) Largest decline over 1 year	-11.25%	-11.35%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-29.99%	-29.25%	-0.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.58%	—
Current Drawdown Current decline from peak	-8.61%	-8.19%	-0.42%
Average Drawdown Average peak-to-trough decline	-7.31%	-10.64%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.00%	-0.12%

Volatility

FTIHX vs. TCIEX - Volatility Comparison

Fidelity Total International Index Fund (FTIHX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) have volatilities of 7.78% and 7.73%, 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

	FTIHX	TCIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	7.73%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	11.19%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	17.19%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	15.94%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	16.58%	-0.56%