RWIGX vs. TCIEX
RWIGX (Capital World Growth and Income Fund Class R-6) and TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) are both mutual funds - RWIGX is a Global Equities fund tracking the MSCI All Country World Index (ACWI), while TCIEX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Both are passively managed. Over the past 10 years, RWIGX returned 12.08%/yr vs 9.61%/yr for TCIEX. Their correlation of 0.92 means they have usually moved in the same direction. RWIGX charges 0.41%/yr vs 0.05%/yr for TCIEX.
Performance
RWIGX vs. TCIEX - Performance Comparison
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Returns By Period
In the year-to-date period, RWIGX achieves a 14.23% return, which is significantly higher than TCIEX's 11.81% return. Over the past 10 years, RWIGX has outperformed TCIEX with an annualized return of 12.08%, while TCIEX has yielded a comparatively lower 9.61% annualized return.
RWIGX
- 1D
- 0.90%
- 1M
- -0.15%
- 6M
- 8.19%
- YTD
- 14.23%
- 1Y
- 28.10%
- 3Y*
- 19.45%
- 5Y*
- 11.26%
- 10Y*
- 12.08%
- ALL TIME*
- 10.08%
TCIEX
- 1D
- -0.76%
- 1M
- 1.27%
- 6M
- 5.70%
- YTD
- 11.81%
- 1Y
- 25.18%
- 3Y*
- 16.53%
- 5Y*
- 9.40%
- 10Y*
- 9.61%
- ALL TIME*
- 7.75%
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 |
RWIGX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWIGX Capital World Growth and Income Fund Class R-6 | 14.23% | 25.09% | 14.21% | 20.87% | -17.02% | 15.11% | 15.71% | 25.94% | -10.32% | 24.95% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 11.81% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
Correlation
The correlation between RWIGX and TCIEX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.92 |
The correlation between RWIGX and TCIEX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
RWIGX vs. TCIEX — Risk / Return Rank
RWIGX
TCIEX
RWIGX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital World Growth and Income Fund Class R-6 (RWIGX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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.
| RWIGX | TCIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.24 | +0.29 |
| Martin ratioReturn relative to average drawdown | 10.31 | 8.45 | +1.86 |
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Drawdowns
RWIGX vs. TCIEX - Drawdown Comparison
The maximum RWIGX drawdown since its inception was -31.98%, smaller than the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for RWIGX and TCIEX.
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Drawdown Indicators
| RWIGX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.98% | -59.27% | +27.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -11.35% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -13.58% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.03% | -29.25% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -33.58% | +1.60% |
Current DrawdownCurrent decline from peak | -2.00% | -0.76% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -10.52% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 3.00% | -0.43% |
Volatility
RWIGX vs. TCIEX - Volatility Comparison
Capital World Growth and Income Fund Class R-6 (RWIGX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) have volatilities of 4.42% and 4.62%, 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
| RWIGX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.62% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 13.45% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.80% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 16.24% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 16.40% | -0.38% |
RWIGX vs. TCIEX - Expense Ratio Comparison
RWIGX has a 0.41% expense ratio, which is higher than TCIEX's 0.05% expense ratio.
Dividends
RWIGX vs. TCIEX - Dividend Comparison
RWIGX's dividend yield for the trailing twelve months is around 9.60%, more than TCIEX's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWIGX Capital World Growth and Income Fund Class R-6 | 9.60% | 10.86% | 8.23% | 3.44% | 2.45% | 7.16% | 1.53% | 2.90% | 7.37% | 6.94% | 5.60% | 4.04% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.48% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
Frequently Asked Questions
RWIGX and TCIEX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCIEX has higher volatility (4.62%) compared to RWIGX (4.42%). In terms of maximum drawdown, RWIGX dropped -31.98% vs TCIEX's -59.27%.
RWIGX currently has the higher Sharpe Ratio (1.76 vs 1.61), 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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