TBIIX vs. PST
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and ProShares UltraShort 7-10 Year Treasury (PST).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBIIX or PST.
Performance
TBIIX vs. PST - Performance Comparison
Returns By Period
In the year-to-date period, TBIIX achieves a 1.46% return, which is significantly lower than PST's 10.84% return. Over the past 10 years, TBIIX has outperformed PST with an annualized return of 1.18%, while PST has yielded a comparatively lower 0.36% annualized return.
TBIIX
1.46%
-0.54%
3.24%
6.29%
-0.53%
1.18%
PST
10.84%
3.12%
0.44%
2.65%
6.48%
0.36%
Key characteristics
| TBIIX | PST | |
|---|---|---|
| Sharpe Ratio | 1.09 | 0.19 |
| Sortino Ratio | 1.61 | 0.37 |
| Omega Ratio | 1.20 | 1.04 |
| Calmar Ratio | 0.40 | 0.04 |
| Martin Ratio | 3.50 | 0.40 |
| Ulcer Index | 1.79% | 6.64% |
| Daily Std Dev | 5.75% | 14.28% |
| Max Drawdown | -19.73% | -79.25% |
| Current Drawdown | -10.02% | -64.56% |
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TBIIX vs. PST - Expense Ratio Comparison
TBIIX has a 0.07% expense ratio, which is lower than PST's 0.95% expense ratio.
Correlation
The correlation between TBIIX and PST is -0.92. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
TBIIX vs. PST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and ProShares UltraShort 7-10 Year Treasury (PST). 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. PST - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.34%, less than PST's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.34% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% | 1.89% |
PST ProShares UltraShort 7-10 Year Treasury | 3.81% | 3.70% | 0.02% | 0.00% | 0.11% | 1.86% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TBIIX vs. PST - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.73%, smaller than the maximum PST drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for TBIIX and PST. For additional features, visit the drawdowns tool.
Volatility
TBIIX vs. PST - Volatility Comparison
The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.38%, while ProShares UltraShort 7-10 Year Treasury (PST) has a volatility of 3.95%. This indicates that TBIIX experiences smaller price fluctuations and is considered to be less risky than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.