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RCPIX vs. TIBDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RCPIX vs. TIBDX

Last updated Jun 24, 2026

RCPIX (RBC BlueBay Core Plus Bond Fund) and TIBDX (TIAA-CREF Core Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 3 years, RCPIX returned 6.79%/yr vs 4.18%/yr for TIBDX. Their correlation of 0.93 suggests significant overlap in exposure. RCPIX charges 0.45%/yr vs 0.29%/yr for TIBDX.

Performance

RCPIX vs. TIBDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC BlueBay Core Plus Bond Fund (RCPIX) and TIAA-CREF Core Bond Fund (TIBDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RCPIX achieves a 0.09% return, which is significantly lower than TIBDX's 0.34% return.

RCPIX

1D
-0.22%
1M
0.62%
YTD
0.09%
6M
0.42%
1Y
5.31%
3Y*
6.79%
5Y*
—
10Y*
—

TIBDX

1D
-0.33%
1M
0.60%
YTD
0.34%
6M
0.71%
1Y
4.87%
3Y*
4.18%
5Y*
0.09%
10Y*
1.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCPIX vs. TIBDX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
RCPIX
RBC BlueBay Core Plus Bond Fund		0.09%8.16%5.97%9.64%-13.59%-0.20%
TIBDX
TIAA-CREF Core Bond Fund		0.34%7.38%1.95%5.63%-13.68%-0.02%

Correlation

The correlation between RCPIX and TIBDX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Nov 2, 2021

0.93

The correlation between RCPIX and TIBDX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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RBC BlueBay Core Plus Bond Fund

TIAA-CREF Core Bond Fund

Often compared with RCPIX:
RCPIX vs. RSDIXRCPIX vs. 0P0000706A.TORCPIX vs. REEIXRCPIX vs. ACCSXRCPIX vs. RGOIXRCPIX vs. RUSIXRCPIX vs. ARINX
Often compared with TIBDX:
TIBDX vs. FCBYXTIBDX vs. IGIBTIBDX vs. FNBGXTIBDX vs. PIMIXTIBDX vs. TIBAXTIBDX vs. IUSBTIBDX vs. JCPUX

Return for Risk

RCPIX vs. TIBDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCPIX
RCPIX Risk / Return Rank: 2626
Overall Rank
RCPIX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
RCPIX Sortino Ratio Rank: 3030
Sortino Ratio Rank
RCPIX Omega Ratio Rank: 3030
Omega Ratio Rank
RCPIX Calmar Ratio Rank: 2323
Calmar Ratio Rank
RCPIX Martin Ratio Rank: 1818
Martin Ratio Rank
TIBDX
TIBDX Risk / Return Rank: 2525
Overall Rank
TIBDX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
TIBDX Sortino Ratio Rank: 2626
Sortino Ratio Rank
TIBDX Omega Ratio Rank: 2424
Omega Ratio Rank
TIBDX Calmar Ratio Rank: 2525
Calmar Ratio Rank
TIBDX Martin Ratio Rank: 2323
Martin Ratio Rank
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.

RCPIX vs. TIBDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay Core Plus Bond Fund (RCPIX) and TIAA-CREF Core Bond Fund (TIBDX). 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.

RCPIXTIBDXDifference
Sharpe ratioReturn per unit of total volatility
1.45
1.33

+0.13

Sortino ratioReturn per unit of downside risk
2.10
1.98

+0.13

Omega ratioGain probability vs. loss probability

1.27

1.24

+0.03

Calmar ratioReturn relative to maximum drawdown

1.61

1.72

-0.11

Martin ratioReturn relative to average drawdown

4.40

5.09

-0.70

RCPIX vs. TIBDX - Sharpe Ratio Comparison

The current RCPIX Sharpe Ratio is 1.45, which is comparable to the TIBDX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of RCPIX and TIBDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RCPIX vs. TIBDX - Drawdown Comparison

The maximum RCPIX drawdown since its inception was -18.89%, roughly equal to the maximum TIBDX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for RCPIX and TIBDX.

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Drawdown Indicators

RCPIXTIBDXDifference

Max Drawdown

Largest peak-to-trough decline

-18.89%

-18.82%

-0.07%

Max Drawdown (1Y)

Largest decline over 1 year

-3.46%

-2.98%

-0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-5.15%

-6.29%

+1.14%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.82%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.82%

—

Current Drawdown

Current decline from peak

-1.98%

-1.54%

-0.44%

Average Drawdown

Average peak-to-trough decline

-5.88%

-2.30%

-3.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.27%

1.01%

+0.26%

Volatility

RCPIX vs. TIBDX - Volatility Comparison

The current volatility for RBC BlueBay Core Plus Bond Fund (RCPIX) is 1.02%, while TIAA-CREF Core Bond Fund (TIBDX) has a volatility of 1.10%. This indicates that RCPIX experiences smaller price fluctuations and is considered to be less risky than TIBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RCPIXTIBDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.02%

1.10%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

3.02%

2.95%

+0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

3.85%

3.88%

-0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.63%

5.64%

-0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.63%

4.74%

+0.89%

RCPIX vs. TIBDX - Expense Ratio Comparison

RCPIX has a 0.45% expense ratio, which is higher than TIBDX's 0.29% expense ratio.

Dividends

RCPIX vs. TIBDX - Dividend Comparison

RCPIX's dividend yield for the trailing twelve months is around 5.82%, more than TIBDX's 4.46% yield.

PositionTTM20252024202320222021202020192018201720162015
RCPIX
RBC BlueBay Core Plus Bond Fund		5.82%4.95%4.37%4.34%3.77%0.21%0.00%0.00%0.00%0.00%0.00%0.00%
TIBDX
TIAA-CREF Core Bond Fund		4.46%4.34%3.60%3.22%2.44%2.39%4.45%3.09%2.88%2.93%3.80%4.68%

Frequently Asked Questions

RCPIX and TIBDX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TIBDX has higher volatility (1.10%) compared to RCPIX (1.02%). In terms of maximum drawdown, RCPIX dropped -18.89% vs TIBDX's -18.82%.

RCPIX currently has the higher Sharpe Ratio (1.45 vs 1.33), 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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