TBIIX vs. TLLVX
TBIIX (TIAA-CREF Bond Index Fund) and TLLVX (TIAA-CREF Life Funds Large-Cap Value Fund) are both mutual funds - TBIIX is a Intermediate Core Bond fund managed by TIAA Investments, while TLLVX is a Large Cap Value Equities fund managed by TIAA Investments. Over the past 5 years, TBIIX returned -0.51%/yr vs 12.11%/yr for TLLVX. At a correlation of -0.02, they often move in opposite directions. TBIIX charges 0.07%/yr vs 0.52%/yr for TLLVX.
Performance
TBIIX vs. TLLVX - Performance Comparison
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Returns By Period
In the year-to-date period, TBIIX achieves a -0.09% return, which is significantly lower than TLLVX's 15.45% return.
TBIIX
- 1D
- 0.21%
- 1M
- -0.50%
- 6M
- -0.39%
- YTD
- -0.09%
- 1Y
- 4.30%
- 3Y*
- 3.63%
- 5Y*
- -0.51%
- 10Y*
- 1.26%
TLLVX
- 1D
- -0.04%
- 1M
- 1.30%
- 6M
- 11.41%
- YTD
- 15.45%
- 1Y
- 26.34%
- 3Y*
- 18.47%
- 5Y*
- 12.11%
- 10Y*
- —
TBIIX vs. TLLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | -0.09% | 7.12% | 1.13% | 5.13% | -13.61% | -1.81% | 7.69% | 5.46% |
TLLVX TIAA-CREF Life Funds Large-Cap Value Fund | 15.45% | 17.31% | 14.75% | 14.29% | -7.21% | 26.84% | 3.99% | 14.67% |
Correlation
The correlation between TBIIX and TLLVX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 13, 2019 | -0.02 |
The correlation between TBIIX and TLLVX shifts across timeframes, from -0.02 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TBIIX vs. TLLVX — Risk / Return Rank
TBIIX
TLLVX
TBIIX vs. TLLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and TIAA-CREF Life Funds Large-Cap Value Fund (TLLVX). 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.
| TBIIX | TLLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.39 | -2.05 |
| Martin ratioReturn relative to average drawdown | 3.68 | 13.77 | -10.08 |
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Drawdowns
TBIIX vs. TLLVX - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.33%, smaller than the maximum TLLVX drawdown of -38.31%. Use the drawdown chart below to compare losses from any high point for TBIIX and TLLVX.
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Drawdown Indicators
| TBIIX | TLLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -38.31% | +18.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -7.38% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -14.75% | +8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | -20.32% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -19.33% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | -0.45% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.64% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.82% | -0.74% |
Volatility
TBIIX vs. TLLVX - Volatility Comparison
The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.06%, while TIAA-CREF Life Funds Large-Cap Value Fund (TLLVX) has a volatility of 3.19%. This indicates that TBIIX experiences smaller price fluctuations and is considered to be less risky than TLLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBIIX | TLLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.19% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 8.70% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 11.33% | -7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 14.65% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 19.42% | -14.40% |
TBIIX vs. TLLVX - Expense Ratio Comparison
TBIIX has a 0.07% expense ratio, which is lower than TLLVX's 0.52% expense ratio.
Dividends
TBIIX vs. TLLVX - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.96%, less than TLLVX's 7.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.96% | 3.73% | 3.14% | 2.44% | 2.11% | 2.07% | 3.17% | 2.82% | 2.46% | 2.44% | 2.31% | 2.61% |
TLLVX TIAA-CREF Life Funds Large-Cap Value Fund | 7.31% | 8.44% | 8.50% | 2.97% | 5.76% | 1.29% | 1.80% | 6.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TBIIX and TLLVX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLLVX has higher volatility (3.19%) compared to TBIIX (1.06%). In terms of maximum drawdown, TBIIX dropped -19.33% vs TLLVX's -38.31%.
TLLVX currently has the higher Sharpe Ratio (2.21 vs 1.02), 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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