QCGRIX vs. TISPX

Last updated Aug 4, 2026

QCGRIX (CREF Growth Account Class R3) and TISPX (TIAA-CREF S&P 500 Index Fund) are both mutual funds - QCGRIX is a Large Cap Growth Equities fund actively managed by TIAA, while TISPX is a Large Cap Blend Equities fund managed by TIAA. Over the past year, QCGRIX returned 12.11% vs 21.40% for TISPX. Their correlation of 0.89 means they have usually moved in the same direction. QCGRIX charges 0.21%/yr vs 0.05%/yr for TISPX.

Performance

QCGRIX vs. TISPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CREF Growth Account Class R3 (QCGRIX) and TIAA-CREF S&P 500 Index Fund (TISPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCGRIX achieves a 3.61% return, which is significantly lower than TISPX's 10.11% return.

QCGRIX

• 1D: 1.07%
• 1M: -0.75%
• 6M: 4.44%
• YTD: 3.61%
• 1Y: 12.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.29%

TISPX

• 1D: 0.71%
• 1M: 0.15%
• 6M: 7.96%
• YTD: 10.11%
• 1Y: 21.40%
• 3Y*: 19.36%
• 5Y*: 12.80%
• 10Y*: 14.89%
• ALL TIME*: 11.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QCGRIX CREF Growth Account Class R3	$0.00	$0.00	$0.00
TISPX TIAA-CREF S&P 500 Index Fund	$0.00	$0.00	$0.00

QCGRIX vs. TISPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCGRIX CREF Growth Account Class R3	3.61%	14.41%	0.00%
TISPX TIAA-CREF S&P 500 Index Fund	10.11%	17.79%	-2.57%

Correlation

The correlation between QCGRIX and TISPX is 0.92, 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.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.89

The correlation between QCGRIX and TISPX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

QCGRIX vs. TISPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QCGRIX

QCGRIX Risk / Return Rank: 12
QCGRIX Sharpe Ratio Rank: 12
QCGRIX Sortino Ratio Rank: 12
QCGRIX Omega Ratio Rank: 12
QCGRIX Calmar Ratio Rank: 11
QCGRIX Martin Ratio Rank: 12

TISPX

TISPX Risk / Return Rank: 59
TISPX Sharpe Ratio Rank: 55
TISPX Sortino Ratio Rank: 52
TISPX Omega Ratio Rank: 52
TISPX Calmar Ratio Rank: 61
TISPX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QCGRIX vs. TISPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CREF Growth Account Class R3 (QCGRIX) and TIAA-CREF S&P 500 Index Fund (TISPX). 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.

	QCGRIX	TISPX	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.52	-1.00
Sortino ratio: Return per unit of downside risk	0.85	2.12	-1.27
Omega ratio: Gain probability vs. loss probability	1.10	1.27	-0.17
Calmar ratio: Return relative to maximum drawdown	0.59	2.21	-1.62
Martin ratio: Return relative to average drawdown	1.80	9.46	-7.65

QCGRIX vs. TISPX - Sharpe Ratio Comparison

The current QCGRIX Sharpe Ratio is 0.53, which is lower than the TISPX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of QCGRIX and TISPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QCGRIX vs. TISPX - Drawdown Comparison

The maximum QCGRIX drawdown since its inception was -23.93%, smaller than the maximum TISPX drawdown of -55.16%. Use the drawdown chart below to compare losses from any high point for QCGRIX and TISPX.

Drawdown Indicators

	QCGRIX	TISPX	Difference
Max Drawdown Largest peak-to-trough decline	-23.93%	-55.16%	+31.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.69%	-8.90%	-7.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.75%	—
Current Drawdown Current decline from peak	-5.82%	-1.41%	-4.41%
Average Drawdown Average peak-to-trough decline	-4.96%	-6.68%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	2.07%	+3.37%

Volatility

QCGRIX vs. TISPX - Volatility Comparison

CREF Growth Account Class R3 (QCGRIX) has a higher volatility of 6.82% compared to TIAA-CREF S&P 500 Index Fund (TISPX) at 3.52%. This indicates that QCGRIX's price experiences larger fluctuations and is considered to be riskier than TISPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCGRIX	TISPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	3.52%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	14.70%	10.11%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.74%	12.89%	+5.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.18%	17.00%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	18.07%	+3.11%

QCGRIX vs. TISPX - Expense Ratio Comparison

QCGRIX has a 0.21% expense ratio, which is higher than TISPX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QCGRIX vs. TISPX - Dividend Comparison

QCGRIX has not paid dividends to shareholders, while TISPX's dividend yield for the trailing twelve months is around 2.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCGRIX CREF Growth Account Class R3	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TISPX TIAA-CREF S&P 500 Index Fund	2.13%	2.35%	1.52%	1.48%	1.91%	1.77%	1.53%	2.16%	2.94%	0.36%	2.39%	0.65%

Frequently Asked Questions

Can I hold both QCGRIX and TISPX in my portfolio?

With a correlation of 0.92, QCGRIX and TISPX 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, QCGRIX or TISPX?

QCGRIX has higher volatility (6.82%) compared to TISPX (3.52%). In terms of maximum drawdown, QCGRIX dropped -23.93% vs TISPX's -55.16%.

Which has better risk-adjusted returns?

TISPX currently has the higher Sharpe Ratio (1.52 vs 0.53), 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.