MXSDX vs. TNSHX
MXSDX (Great-West Short Duration Bond Fund) and TNSHX (TIAA-CREF Short-Term Bond Index Fund) are both Short-Term Bond funds. Over the past 10 years, MXSDX returned 2.23%/yr vs 1.81%/yr for TNSHX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. MXSDX charges 0.60%/yr vs 0.09%/yr for TNSHX.
Performance
MXSDX vs. TNSHX - Performance Comparison
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Returns By Period
In the year-to-date period, MXSDX achieves a 0.95% return, which is significantly higher than TNSHX's 0.63% return. Over the past 10 years, MXSDX has outperformed TNSHX with an annualized return of 2.23%, while TNSHX has yielded a comparatively lower 1.81% annualized return.
MXSDX
- 1D
- 0.09%
- 1M
- 0.00%
- 6M
- 0.67%
- YTD
- 0.95%
- 1Y
- 2.80%
- 3Y*
- 4.54%
- 5Y*
- 2.19%
- 10Y*
- 2.23%
- ALL TIME*
- 0.92%
TNSHX
- 1D
- 0.10%
- 1M
- -0.21%
- 6M
- 0.49%
- YTD
- 0.63%
- 1Y
- 2.58%
- 3Y*
- 4.17%
- 5Y*
- 1.82%
- 10Y*
- 1.81%
- ALL TIME*
- 1.84%
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 |
MXSDX vs. TNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXSDX Great-West Short Duration Bond Fund | 0.95% | 5.30% | 4.24% | 5.67% | -4.25% | -0.03% | 4.64% | 5.40% | 0.73% | 1.39% |
TNSHX TIAA-CREF Short-Term Bond Index Fund | 0.63% | 5.31% | 4.03% | 4.05% | -3.96% | -0.57% | 3.26% | 4.05% | 1.31% | 0.70% |
Correlation
The correlation between MXSDX and TNSHX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.60 |
The correlation between MXSDX and TNSHX has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
MXSDX vs. TNSHX — Risk / Return Rank
MXSDX
TNSHX
MXSDX vs. TNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Short Duration Bond Fund (MXSDX) 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.
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.
| MXSDX | TNSHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.33 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 2.30 | +1.61 |
| Martin ratioReturn relative to average drawdown | 15.76 | 8.46 | +7.30 |
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Drawdowns
MXSDX vs. TNSHX - Drawdown Comparison
The maximum MXSDX drawdown since its inception was -10.81%, which is greater than TNSHX's maximum drawdown of -5.99%. Use the drawdown chart below to compare losses from any high point for MXSDX and TNSHX.
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Drawdown Indicators
| MXSDX | TNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.81% | -5.99% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.85% | -1.13% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -1.30% | -1.13% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -6.63% | -5.97% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -7.78% | -5.99% | -1.79% |
Current DrawdownCurrent decline from peak | -0.09% | -0.21% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -0.88% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.31% | -0.10% |
Volatility
MXSDX vs. TNSHX - Volatility Comparison
Great-West Short Duration Bond Fund (MXSDX) and TIAA-CREF Short-Term Bond Index Fund (TNSHX) have volatilities of 0.39% and 0.40%, 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.
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Volatility by Period
| MXSDX | TNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.40% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 1.39% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 1.79% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.12% | 2.26% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 1.83% | +0.18% |
MXSDX vs. TNSHX - Expense Ratio Comparison
MXSDX has a 0.60% expense ratio, which is higher than TNSHX's 0.09% expense ratio.
Dividends
MXSDX vs. TNSHX - Dividend Comparison
MXSDX's dividend yield for the trailing twelve months is around 3.06%, less than TNSHX's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MXSDX Great-West Short Duration Bond Fund | 3.06% | 3.08% | 4.43% | 2.31% | 1.51% | 1.87% | 2.14% | 2.06% | 1.90% | 0.70% | 0.00% |
TNSHX TIAA-CREF Short-Term Bond Index Fund | 3.72% | 4.22% | 3.94% | 2.68% | 1.00% | 1.03% | 1.81% | 2.45% | 1.80% | 1.31% | 0.98% |
Frequently Asked Questions
MXSDX and TNSHX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNSHX has higher volatility (0.40%) compared to MXSDX (0.39%). In terms of maximum drawdown, MXSDX dropped -10.81% vs TNSHX's -5.99%.
MXSDX currently has the higher Sharpe Ratio (2.54 vs 1.46), 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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