TBIIX vs. MCDWX
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and Manning & Napier Credit Series (MCDWX).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
TBIIX vs. MCDWX - Performance Comparison
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TBIIX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | -0.28% | 7.12% | 1.13% | 5.13% | -13.61% | -1.81% | 3.12% |
MCDWX Manning & Napier Credit Series | -0.13% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Returns By Period
In the year-to-date period, TBIIX achieves a -0.28% return, which is significantly lower than MCDWX's -0.13% return.
TBIIX
- 1D
- 0.21%
- 1M
- -1.72%
- YTD
- -0.28%
- 6M
- 0.48%
- 1Y
- 3.67%
- 3Y*
- 3.26%
- 5Y*
- -0.12%
- 10Y*
- 1.44%
MCDWX
- 1D
- 0.22%
- 1M
- -1.30%
- YTD
- -0.13%
- 6M
- 0.99%
- 1Y
- 4.63%
- 3Y*
- 5.27%
- 5Y*
- 1.72%
- 10Y*
- —
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TBIIX vs. MCDWX - Expense Ratio Comparison
TBIIX has a 0.07% expense ratio, which is lower than MCDWX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TBIIX vs. MCDWX — Risk / Return Rank
TBIIX
MCDWX
TBIIX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and Manning & Napier Credit Series (MCDWX). 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.
| TBIIX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.51 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.12 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.26 | -0.47 |
Martin ratioReturn relative to average drawdown | 5.10 | 8.14 | -3.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBIIX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.51 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.37 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.58 | -0.04 |
Correlation
The correlation between TBIIX and MCDWX is 0.90, 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.
Dividends
TBIIX vs. MCDWX - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.51%, less than MCDWX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.51% | 3.73% | 3.14% | 2.44% | 2.11% | 2.07% | 3.17% | 2.82% | 2.46% | 2.44% | 2.31% | 2.61% |
MCDWX Manning & Napier Credit Series | 4.43% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TBIIX vs. MCDWX - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.33%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for TBIIX and MCDWX.
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Drawdown Indicators
| TBIIX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -15.96% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.20% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | -15.96% | -2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -19.33% | — | — |
Current DrawdownCurrent decline from peak | -4.15% | -1.63% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.24% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.61% | +0.39% |
Volatility
TBIIX vs. MCDWX - Volatility Comparison
TIAA-CREF Bond Index Fund (TBIIX) has a higher volatility of 1.61% compared to Manning & Napier Credit Series (MCDWX) at 1.42%. This indicates that TBIIX's price experiences larger fluctuations and is considered to be riskier than MCDWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBIIX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.42% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.00% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 3.31% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 4.62% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.41% | +0.59% |