MPIBX vs. TNSHX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Intermediate Bond Fund (MPIBX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX).

MPIBX is managed by BNY Mellon. It was launched on Oct 2, 2000. TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015.

Performance

MPIBX vs. TNSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Intermediate Bond Fund (MPIBX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX). The values are adjusted to include any dividend payments, if applicable.

MPIBX vs. TNSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPIBX BNY Mellon Intermediate Bond Fund	100.08%	6.53%	2.69%	5.26%	-6.82%	-1.04%	5.58%	5.89%	0.35%	1.80%
TNSHX TIAA-CREF Short-Term Bond Index Fund	-0.07%	5.31%	4.03%	4.05%	-3.96%	-0.57%	3.26%	4.05%	1.31%	0.70%

Returns By Period

MPIBX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TNSHX

• 1D: 0.21%
• 1M: -0.82%
• YTD: -0.07%
• 6M: 1.06%
• 1Y: 3.56%
• 3Y*: 3.89%
• 5Y*: 1.72%
• 10Y*: 1.78%

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

MPIBX vs. TNSHX - Expense Ratio Comparison

MPIBX has a 0.56% expense ratio, which is higher than TNSHX's 0.09% expense ratio.

MPIBX

BNY Mellon Intermediate Bond Fund

TNSHX

TIAA-CREF Short-Term Bond Index Fund

Return for Risk

MPIBX vs. TNSHX — Risk / Return Rank

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

TNSHX

TNSHX Risk / Return Rank: 95
TNSHX Sharpe Ratio Rank: 92
TNSHX Sortino Ratio Rank: 96
TNSHX Omega Ratio Rank: 94
TNSHX Calmar Ratio Rank: 96
TNSHX Martin Ratio Rank: 95

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.

MPIBX vs. TNSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Intermediate Bond Fund (MPIBX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MPIBX	TNSHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.03	—

Correlation

The correlation between MPIBX and TNSHX is 0.72, 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

MPIBX vs. TNSHX - Dividend Comparison

MPIBX's dividend yield for the trailing twelve months is around 1.36%, less than TNSHX's 3.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPIBX BNY Mellon Intermediate Bond Fund	1.36%	3.54%	3.18%	2.69%	2.39%	2.08%	1.99%	2.25%	2.13%	1.96%	2.10%	1.95%
TNSHX TIAA-CREF Short-Term Bond Index Fund	3.82%	4.22%	3.94%	2.68%	1.00%	1.03%	1.81%	2.45%	1.80%	1.31%	0.98%	0.00%

Drawdowns

Drawdown Indicators

	MPIBX	TNSHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.99%	—
Current Drawdown Current decline from peak	—	-0.82%	—
Average Drawdown Average peak-to-trough decline	—	-0.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.31%	—

Volatility

Volatility by Period

	MPIBX	TNSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.80%	—