TBIIX vs. NOBOX
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and Northern Bond Index Fund (NOBOX).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBIIX or NOBOX.
Correlation
The correlation between TBIIX and NOBOX is 0.91, 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.
Performance
TBIIX vs. NOBOX - Performance Comparison
Key characteristics
TBIIX:
0.89
NOBOX:
0.83
TBIIX:
1.30
NOBOX:
1.22
TBIIX:
1.16
NOBOX:
1.15
TBIIX:
0.32
NOBOX:
0.31
TBIIX:
2.20
NOBOX:
2.07
TBIIX:
2.14%
NOBOX:
2.17%
TBIIX:
5.29%
NOBOX:
5.41%
TBIIX:
-19.73%
NOBOX:
-19.74%
TBIIX:
-8.92%
NOBOX:
-9.17%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with TBIIX at 1.26% and NOBOX at 1.26%. Over the past 10 years, TBIIX has outperformed NOBOX with an annualized return of 1.15%, while NOBOX has yielded a comparatively lower 1.09% annualized return.
TBIIX
1.26%
1.58%
-0.81%
4.59%
-0.86%
1.15%
NOBOX
1.26%
1.22%
-0.89%
4.50%
-0.97%
1.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TBIIX vs. NOBOX - Expense Ratio Comparison
Both TBIIX and NOBOX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBIIX vs. NOBOX — Risk-Adjusted Performance Rank
TBIIX
NOBOX
TBIIX vs. NOBOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and Northern Bond Index Fund (NOBOX). 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.
Dividends
TBIIX vs. NOBOX - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.42%, less than NOBOX's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.42% | 3.42% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% |
NOBOX Northern Bond Index Fund | 3.74% | 3.74% | 3.20% | 2.76% | 2.10% | 2.35% | 2.83% | 2.82% | 2.77% | 2.74% | 2.69% | 4.19% |
Drawdowns
TBIIX vs. NOBOX - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.73%, roughly equal to the maximum NOBOX drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for TBIIX and NOBOX. For additional features, visit the drawdowns tool.
Volatility
TBIIX vs. NOBOX - Volatility Comparison
The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.38%, while Northern Bond Index Fund (NOBOX) has a volatility of 1.46%. This indicates that TBIIX experiences smaller price fluctuations and is considered to be less risky than NOBOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.