NOBOX vs. TBIIX
Compare and contrast key facts about Northern Bond Index Fund (NOBOX) and TIAA-CREF Bond Index Fund (TBIIX).
NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007. TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOBOX or TBIIX.
Performance
NOBOX vs. TBIIX - Performance Comparison
Returns By Period
In the year-to-date period, NOBOX achieves a 1.16% return, which is significantly lower than TBIIX's 1.46% return. Over the past 10 years, NOBOX has underperformed TBIIX with an annualized return of 1.12%, while TBIIX has yielded a comparatively higher 1.18% annualized return.
NOBOX
1.16%
-0.56%
2.82%
5.77%
-0.71%
1.12%
TBIIX
1.46%
-0.54%
3.24%
6.29%
-0.53%
1.18%
Key characteristics
| NOBOX | TBIIX | |
|---|---|---|
| Sharpe Ratio | 0.99 | 1.09 |
| Sortino Ratio | 1.43 | 1.61 |
| Omega Ratio | 1.17 | 1.20 |
| Calmar Ratio | 0.37 | 0.40 |
| Martin Ratio | 3.11 | 3.50 |
| Ulcer Index | 1.85% | 1.79% |
| Daily Std Dev | 5.84% | 5.75% |
| Max Drawdown | -19.74% | -19.73% |
| Current Drawdown | -10.25% | -10.02% |
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NOBOX vs. TBIIX - Expense Ratio Comparison
Both NOBOX and TBIIX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between NOBOX and TBIIX is 0.91, 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.
Risk-Adjusted Performance
NOBOX vs. TBIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Bond Index Fund (NOBOX) and TIAA-CREF Bond Index Fund (TBIIX). 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.
Dividends
NOBOX vs. TBIIX - Dividend Comparison
NOBOX's dividend yield for the trailing twelve months is around 3.41%, more than TBIIX's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBOX Northern Bond Index Fund | 3.41% | 3.20% | 2.76% | 2.10% | 2.35% | 2.83% | 2.82% | 2.77% | 2.74% | 2.69% | 4.19% | 4.34% |
TBIIX TIAA-CREF Bond Index Fund | 3.34% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% | 1.89% |
Drawdowns
NOBOX vs. TBIIX - Drawdown Comparison
The maximum NOBOX drawdown since its inception was -19.74%, roughly equal to the maximum TBIIX drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for NOBOX and TBIIX. For additional features, visit the drawdowns tool.
Volatility
NOBOX vs. TBIIX - Volatility Comparison
The current volatility for Northern Bond Index Fund (NOBOX) is 1.31%, while TIAA-CREF Bond Index Fund (TBIIX) has a volatility of 1.38%. This indicates that NOBOX experiences smaller price fluctuations and is considered to be less risky than TBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.