TBIIX vs. VBTLX
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBIIX or VBTLX.
Performance
TBIIX vs. VBTLX - Performance Comparison
Returns By Period
In the year-to-date period, TBIIX achieves a 1.46% return, which is significantly higher than VBTLX's 1.37% return. Over the past 10 years, TBIIX has underperformed VBTLX with an annualized return of 1.21%, while VBTLX has yielded a comparatively higher 1.34% annualized return.
TBIIX
1.46%
-0.75%
3.35%
6.29%
-0.53%
1.21%
VBTLX
1.37%
-0.73%
3.27%
6.22%
-0.35%
1.34%
Key characteristics
| TBIIX | VBTLX | |
|---|---|---|
| Sharpe Ratio | 1.09 | 1.10 |
| Sortino Ratio | 1.61 | 1.64 |
| Omega Ratio | 1.20 | 1.20 |
| Calmar Ratio | 0.40 | 0.42 |
| Martin Ratio | 3.53 | 3.52 |
| Ulcer Index | 1.78% | 1.77% |
| Daily Std Dev | 5.75% | 5.64% |
| Max Drawdown | -19.73% | -19.05% |
| Current Drawdown | -10.02% | -9.27% |
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TBIIX vs. VBTLX - Expense Ratio Comparison
TBIIX has a 0.07% expense ratio, which is higher than VBTLX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between TBIIX and VBTLX is 0.95, 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.
Risk-Adjusted Performance
TBIIX vs. VBTLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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. VBTLX - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.34%, less than VBTLX's 3.60% 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% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.60% | 3.11% | 2.51% | 1.90% | 2.23% | 2.74% | 2.78% | 2.51% | 2.49% | 2.48% | 2.55% | 2.56% |
Drawdowns
TBIIX vs. VBTLX - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.73%, roughly equal to the maximum VBTLX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for TBIIX and VBTLX. For additional features, visit the drawdowns tool.
Volatility
TBIIX vs. VBTLX - Volatility Comparison
The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.38%, while Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a volatility of 1.47%. This indicates that TBIIX experiences smaller price fluctuations and is considered to be less risky than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.