RCS vs. TGRNX
RCS (PIMCO Strategic Income Fund) and TGRNX (TIAA-CREF Green Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, RCS returned 1.88%/yr vs 0.29%/yr for TGRNX. At a 0.15 correlation, their price movements are largely independent.
Performance
RCS vs. TGRNX - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -0.34% return, which is significantly lower than TGRNX's 0.46% return.
RCS
- 1D
- -1.12%
- 1M
- -0.76%
- YTD
- -0.34%
- 6M
- -11.33%
- 1Y
- -16.21%
- 3Y*
- 9.48%
- 5Y*
- 1.88%
- 10Y*
- 3.31%
TGRNX
- 1D
- -0.22%
- 1M
- 0.58%
- YTD
- 0.46%
- 6M
- 0.81%
- 1Y
- 4.47%
- 3Y*
- 4.73%
- 5Y*
- 0.29%
- 10Y*
- —
RCS vs. TGRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.34% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 5.68% |
TGRNX TIAA-CREF Green Bond Fund | 0.46% | 6.76% | 3.08% | 5.73% | -13.43% | -0.60% | 8.57% | 9.15% | 1.43% |
Correlation
The correlation between RCS and TGRNX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.15 |
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Return for Risk
RCS vs. TGRNX — Risk / Return Rank
RCS
TGRNX
RCS vs. TGRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and TIAA-CREF Green Bond Fund (TGRNX). 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.
| RCS | TGRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.28 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.92 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.83 | 6.05 | -6.89 |
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Drawdowns
RCS vs. TGRNX - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than TGRNX's maximum drawdown of -17.85%. Use the drawdown chart below to compare losses from any high point for RCS and TGRNX.
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Drawdown Indicators
| RCS | TGRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -17.85% | -28.84% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -2.47% | -30.47% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -3.99% | -28.95% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -17.85% | -18.33% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | — | — |
Current DrawdownCurrent decline from peak | -28.91% | -0.99% | -27.92% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -5.19% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 0.78% | +18.71% |
Volatility
RCS vs. TGRNX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 6.00% compared to TIAA-CREF Green Bond Fund (TGRNX) at 0.97%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than TGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCS | TGRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 0.97% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 2.36% | +18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 3.14% | +20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 4.85% | +20.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 4.81% | +21.02% |
Dividends
RCS vs. TGRNX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.02%, more than TGRNX's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 9.02% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
TGRNX TIAA-CREF Green Bond Fund | 4.30% | 4.31% | 4.48% | 3.30% | 2.69% | 2.76% | 4.20% | 4.38% | 0.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RCS and TGRNX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (6.00%) compared to TGRNX (0.97%). In terms of maximum drawdown, RCS dropped -46.69% vs TGRNX's -17.85%.
TGRNX currently has the higher Sharpe Ratio (1.51 vs -0.68), 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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