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TBIIX vs. NOBOX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TBIIX and NOBOX is 0.92, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

TBIIX vs. NOBOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Bond Index Fund (TBIIX) and Northern Bond Index Fund (NOBOX). The values are adjusted to include any dividend payments, if applicable.

35.00%40.00%45.00%50.00%NovemberDecember2025FebruaryMarchApril
41.58%
50.18%
TBIIX
NOBOX

Key characteristics

Sharpe Ratio

TBIIX:

1.24

NOBOX:

1.19

Sortino Ratio

TBIIX:

1.84

NOBOX:

1.76

Omega Ratio

TBIIX:

1.22

NOBOX:

1.21

Calmar Ratio

TBIIX:

0.46

NOBOX:

0.45

Martin Ratio

TBIIX:

3.15

NOBOX:

3.05

Ulcer Index

TBIIX:

2.10%

NOBOX:

2.13%

Daily Std Dev

TBIIX:

5.35%

NOBOX:

5.45%

Max Drawdown

TBIIX:

-19.73%

NOBOX:

-19.74%

Current Drawdown

TBIIX:

-6.84%

NOBOX:

-7.09%

Returns By Period

The year-to-date returns for both investments are quite close, with TBIIX having a 3.57% return and NOBOX slightly higher at 3.59%. Both investments have delivered pretty close results over the past 10 years, with TBIIX having a 1.30% annualized return and NOBOX not far behind at 1.26%.


TBIIX

YTD

3.57%

1M

1.35%

6M

1.50%

1Y

6.29%

5Y*

-0.53%

10Y*

1.30%

NOBOX

YTD

3.59%

1M

1.28%

6M

1.40%

1Y

6.15%

5Y*

-0.67%

10Y*

1.26%

*Annualized

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%.


TBIIX
TIAA-CREF Bond Index Fund
Expense ratio chart for TBIIX: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TBIIX: 0.07%
Expense ratio chart for NOBOX: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NOBOX: 0.07%

Risk-Adjusted Performance

TBIIX vs. NOBOX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBIIX
The Risk-Adjusted Performance Rank of TBIIX is 7979
Overall Rank
The Sharpe Ratio Rank of TBIIX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of TBIIX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of TBIIX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of TBIIX is 7070
Calmar Ratio Rank
The Martin Ratio Rank of TBIIX is 7676
Martin Ratio Rank

NOBOX
The Risk-Adjusted Performance Rank of NOBOX is 8080
Overall Rank
The Sharpe Ratio Rank of NOBOX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of NOBOX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of NOBOX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of NOBOX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of NOBOX is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for TBIIX, currently valued at 1.24, compared to the broader market-1.000.001.002.003.00
TBIIX: 1.24
NOBOX: 1.19
The chart of Sortino ratio for TBIIX, currently valued at 1.84, compared to the broader market-2.000.002.004.006.008.0010.00
TBIIX: 1.84
NOBOX: 1.76
The chart of Omega ratio for TBIIX, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.003.50
TBIIX: 1.22
NOBOX: 1.21
The chart of Calmar ratio for TBIIX, currently valued at 0.46, compared to the broader market0.005.0010.0015.00
TBIIX: 0.46
NOBOX: 0.45
The chart of Martin ratio for TBIIX, currently valued at 3.15, compared to the broader market0.0020.0040.0060.00
TBIIX: 3.15
NOBOX: 3.05

The current TBIIX Sharpe Ratio is 1.24, which is comparable to the NOBOX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of TBIIX and NOBOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.24
1.19
TBIIX
NOBOX

Dividends

TBIIX vs. NOBOX - Dividend Comparison

TBIIX's dividend yield for the trailing twelve months is around 3.44%, less than NOBOX's 3.74% yield.


TTM20242023202220212020201920182017201620152014
TBIIX
TIAA-CREF Bond Index Fund
3.44%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.


-11.00%-10.00%-9.00%-8.00%-7.00%NovemberDecember2025FebruaryMarchApril
-6.84%
-7.09%
TBIIX
NOBOX

Volatility

TBIIX vs. NOBOX - Volatility Comparison

TIAA-CREF Bond Index Fund (TBIIX) and Northern Bond Index Fund (NOBOX) have volatilities of 1.35% and 1.29%, 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.


1.20%1.40%1.60%1.80%2.00%NovemberDecember2025FebruaryMarchApril
1.35%
1.29%
TBIIX
NOBOX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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