MEDIX vs. TEDNX
MEDIX (MFS Emerging Markets Debt Fund) and TEDNX (TIAA-CREF Emerging Markets Debt Fund) are both Emerging Markets Bonds funds. Over the past 10 years, MEDIX returned 3.17%/yr vs 4.51%/yr for TEDNX. Their correlation of 0.87 means they have usually moved in the same direction. MEDIX charges 0.81%/yr vs 0.62%/yr for TEDNX.
Performance
MEDIX vs. TEDNX - Performance Comparison
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Returns By Period
In the year-to-date period, MEDIX achieves a 1.41% return, which is significantly higher than TEDNX's 0.72% return. Over the past 10 years, MEDIX has underperformed TEDNX with an annualized return of 3.17%, while TEDNX has yielded a comparatively higher 4.51% annualized return.
MEDIX
- 1D
- -0.16%
- 1M
- -1.49%
- 6M
- 0.40%
- YTD
- 1.41%
- 1Y
- 7.73%
- 3Y*
- 7.77%
- 5Y*
- 1.76%
- 10Y*
- 3.17%
- ALL TIME*
- 7.37%
TEDNX
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -0.15%
- YTD
- 0.72%
- 1Y
- 7.00%
- 3Y*
- 9.36%
- 5Y*
- 3.31%
- 10Y*
- 4.51%
- ALL TIME*
- 4.84%
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 |
MEDIX vs. TEDNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEDIX MFS Emerging Markets Debt Fund | 1.41% | 12.48% | 5.92% | 9.42% | -15.97% | -2.40% | 8.01% | 14.12% | -4.99% | 9.64% |
TEDNX TIAA-CREF Emerging Markets Debt Fund | 0.72% | 13.84% | 8.61% | 12.56% | -14.41% | -0.86% | 6.13% | 17.49% | -5.95% | 12.07% |
Correlation
The correlation between MEDIX and TEDNX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.87 |
The correlation between MEDIX and TEDNX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
MEDIX vs. TEDNX — Risk / Return Rank
MEDIX
TEDNX
MEDIX vs. TEDNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Emerging Markets Debt Fund (MEDIX) and TIAA-CREF Emerging Markets Debt Fund (TEDNX). 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.
| MEDIX | TEDNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.36 | +0.69 |
| Martin ratioReturn relative to average drawdown | 8.69 | 5.22 | +3.47 |
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Drawdowns
MEDIX vs. TEDNX - Drawdown Comparison
The maximum MEDIX drawdown since its inception was -35.31%, which is greater than TEDNX's maximum drawdown of -25.65%. Use the drawdown chart below to compare losses from any high point for MEDIX and TEDNX.
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Drawdown Indicators
| MEDIX | TEDNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.31% | -25.65% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -5.36% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.44% | -5.36% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.40% | -25.65% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -27.40% | -25.65% | -1.75% |
Current DrawdownCurrent decline from peak | -1.57% | -1.44% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.61% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.39% | -0.42% |
Volatility
MEDIX vs. TEDNX - Volatility Comparison
MFS Emerging Markets Debt Fund (MEDIX) and TIAA-CREF Emerging Markets Debt Fund (TEDNX) have volatilities of 0.81% and 0.84%, 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.
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Volatility by Period
| MEDIX | TEDNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.84% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.73% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 4.15% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 5.45% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 6.04% | -0.19% |
MEDIX vs. TEDNX - Expense Ratio Comparison
MEDIX has a 0.81% expense ratio, which is higher than TEDNX's 0.62% expense ratio.
Dividends
MEDIX vs. TEDNX - Dividend Comparison
MEDIX's dividend yield for the trailing twelve months is around 5.05%, more than TEDNX's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEDIX MFS Emerging Markets Debt Fund | 5.05% | 5.22% | 5.68% | 4.90% | 5.51% | 4.33% | 4.07% | 4.59% | 4.87% | 4.46% | 4.86% | 5.25% |
TEDNX TIAA-CREF Emerging Markets Debt Fund | 4.91% | 5.80% | 6.58% | 5.03% | 6.15% | 4.81% | 4.27% | 5.28% | 5.58% | 5.93% | 5.56% | 5.18% |
Frequently Asked Questions
MEDIX and TEDNX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEDNX has higher volatility (0.84%) compared to MEDIX (0.81%). In terms of maximum drawdown, MEDIX dropped -35.31% vs TEDNX's -25.65%.
MEDIX currently has the higher Sharpe Ratio (2.12 vs 1.76), 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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