JAFLX vs. TIBDX

Last updated Jun 3, 2026

JAFLX (Janus Henderson VIT Flexible Bond Portfolio) and TIBDX (TIAA-CREF Core Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, JAFLX returned 2.01%/yr vs 1.99%/yr for TIBDX. Their correlation of 0.91 suggests significant overlap in exposure. JAFLX charges 0.57%/yr vs 0.29%/yr for TIBDX.

Performance

JAFLX vs. TIBDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson VIT Flexible Bond Portfolio (JAFLX) and TIAA-CREF Core Bond Fund (TIBDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAFLX achieves a 0.20% return, which is significantly lower than TIBDX's 0.67% return. Both investments have delivered pretty close results over the past 10 years, with JAFLX having a 2.01% annualized return and TIBDX not far behind at 1.99%.

JAFLX

• 1D: -0.20%
• 1M: -0.00%
• YTD: 0.20%
• 6M: 0.36%
• 1Y: 5.36%
• 3Y*: 4.28%
• 5Y*: 0.22%
• 10Y*: 2.01%

TIBDX

• 1D: 0.00%
• 1M: 0.16%
• YTD: 0.67%
• 6M: 0.83%
• 1Y: 6.03%
• 3Y*: 4.33%
• 5Y*: 0.22%
• 10Y*: 1.99%

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

JAFLX vs. TIBDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAFLX Janus Henderson VIT Flexible Bond Portfolio	0.20%	7.41%	1.96%	5.52%	-13.64%	-0.89%	10.48%	9.57%	-1.00%	3.62%
TIBDX TIAA-CREF Core Bond Fund	0.67%	7.38%	1.95%	5.63%	-13.68%	-0.95%	8.10%	9.57%	-0.64%	4.48%

Correlation

The correlation between JAFLX and TIBDX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 15, 1999	0.91

The correlation between JAFLX and TIBDX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

JAFLX vs. TIBDX — Risk / Return Rank

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

JAFLX

JAFLX Risk / Return Rank: 22
JAFLX Sharpe Ratio Rank: 22
JAFLX Sortino Ratio Rank: 22
JAFLX Omega Ratio Rank: 22
JAFLX Calmar Ratio Rank: 24
JAFLX Martin Ratio Rank: 21

TIBDX

TIBDX Risk / Return Rank: 29
TIBDX Sharpe Ratio Rank: 26
TIBDX Sortino Ratio Rank: 28
TIBDX Omega Ratio Rank: 26
TIBDX Calmar Ratio Rank: 34
TIBDX Martin Ratio Rank: 29

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.

JAFLX vs. TIBDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Flexible Bond Portfolio (JAFLX) 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.

	JAFLX	TIBDX	Difference
Sharpe ratio Return per unit of total volatility	1.36	1.50	-0.14
Sortino ratio Return per unit of downside risk	2.00	2.24	-0.24
Omega ratio Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio Return relative to maximum drawdown	1.83	2.23	-0.40
Martin ratio Return relative to average drawdown	5.69	7.01	-1.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAFLX vs. TIBDX - Sharpe Ratio Comparison

The current JAFLX Sharpe Ratio is 1.36, which is comparable to the TIBDX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of JAFLX and TIBDX, 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

	JAFLX	TIBDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	1.50	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.04	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.42	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.95	+0.09

Drawdowns

JAFLX vs. TIBDX - Drawdown Comparison

The maximum JAFLX drawdown since its inception was -18.06%, roughly equal to the maximum TIBDX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for JAFLX and TIBDX.

Drawdown Indicators

	JAFLX	TIBDX	Difference
Max Drawdown Largest peak-to-trough decline	-18.06%	-18.82%	+0.76%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-2.98%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-6.51%	-6.29%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-18.82%	+0.76%
Max Drawdown (10Y) Largest decline over 10 years	-18.06%	-18.82%	+0.76%
Current Drawdown Current decline from peak	-1.58%	-1.22%	-0.36%
Average Drawdown Average peak-to-trough decline	-2.12%	-2.30%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.95%	-0.03%

Volatility

JAFLX vs. TIBDX - Volatility Comparison

Janus Henderson VIT Flexible Bond Portfolio (JAFLX) and TIAA-CREF Core Bond Fund (TIBDX) have volatilities of 1.41% and 1.40%, 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

	JAFLX	TIBDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.40%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	2.89%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	3.90%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.06%	5.63%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	4.74%	+0.20%

JAFLX vs. TIBDX - Expense Ratio Comparison

JAFLX has a 0.57% expense ratio, which is higher than TIBDX's 0.29% expense ratio.

Dividends

JAFLX vs. TIBDX - Dividend Comparison

JAFLX's dividend yield for the trailing twelve months is around 5.33%, more than TIBDX's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAFLX Janus Henderson VIT Flexible Bond Portfolio	5.33%	5.34%	5.09%	4.27%	4.75%	4.84%	2.87%	3.31%	3.21%	2.98%	2.92%	2.90%
TIBDX TIAA-CREF Core Bond Fund	4.45%	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

Can I hold both JAFLX and TIBDX in my portfolio?

With a correlation of 0.91, JAFLX 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.

Which is riskier, JAFLX or TIBDX?

JAFLX has higher volatility (1.41%) compared to TIBDX (1.40%). In terms of maximum drawdown, JAFLX dropped -18.06% vs TIBDX's -18.82%.

Which has better risk-adjusted returns?

TIBDX currently has the higher Sharpe Ratio (1.50 vs 1.36), 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.