TBIIX vs. VUSTX
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and Vanguard Long-Term Treasury Fund Investor Shares (VUSTX).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. VUSTX is managed by Vanguard. It was launched on May 19, 1986.
Performance
TBIIX vs. VUSTX - Performance Comparison
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TBIIX vs. VUSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | -0.28% | 7.12% | 1.13% | 5.13% | -13.61% | -1.81% | 7.69% | 8.58% | -0.25% | 3.43% |
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | -0.56% | 5.55% | -6.41% | 3.33% | -29.58% | -4.93% | 18.20% | 14.14% | -1.89% | 8.60% |
Returns By Period
In the year-to-date period, TBIIX achieves a -0.28% return, which is significantly higher than VUSTX's -0.56% return. Over the past 10 years, TBIIX has outperformed VUSTX with an annualized return of 1.44%, while VUSTX has yielded a comparatively lower -0.93% annualized return.
TBIIX
- 1D
- 0.21%
- 1M
- -1.72%
- YTD
- -0.28%
- 6M
- 0.48%
- 1Y
- 3.67%
- 3Y*
- 3.26%
- 5Y*
- -0.12%
- 10Y*
- 1.44%
VUSTX
- 1D
- 0.00%
- 1M
- -3.43%
- YTD
- -0.56%
- 6M
- -0.98%
- 1Y
- -0.63%
- 3Y*
- -1.62%
- 5Y*
- -4.99%
- 10Y*
- -0.93%
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TBIIX vs. VUSTX - Expense Ratio Comparison
TBIIX has a 0.07% expense ratio, which is lower than VUSTX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TBIIX vs. VUSTX — Risk / Return Rank
TBIIX
VUSTX
TBIIX vs. VUSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) and Vanguard Long-Term Treasury Fund Investor Shares (VUSTX). 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.
| TBIIX | VUSTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.02 | +0.87 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.10 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.15 | +1.65 |
Martin ratioReturn relative to average drawdown | 5.10 | 0.33 | +4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBIIX | VUSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.02 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.34 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | -0.07 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.44 | +0.10 |
Correlation
The correlation between TBIIX and VUSTX is 0.90, 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.
Dividends
TBIIX vs. VUSTX - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.51%, less than VUSTX's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.51% | 3.73% | 3.14% | 2.44% | 2.11% | 2.07% | 3.17% | 2.82% | 2.46% | 2.44% | 2.31% | 2.61% |
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 4.02% | 4.29% | 4.03% | 3.33% | 2.93% | 4.21% | 10.38% | 2.82% | 2.82% | 2.64% | 5.27% | 5.52% |
Drawdowns
TBIIX vs. VUSTX - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.33%, smaller than the maximum VUSTX drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for TBIIX and VUSTX.
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Drawdown Indicators
| TBIIX | VUSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -46.37% | +27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -8.77% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | -41.45% | +22.77% |
Max Drawdown (10Y)Largest decline over 10 years | -19.33% | -46.37% | +27.04% |
Current DrawdownCurrent decline from peak | -4.15% | -36.78% | +32.63% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -9.23% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 3.95% | -2.95% |
Volatility
TBIIX vs. VUSTX - Volatility Comparison
The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.61%, while Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) has a volatility of 3.60%. This indicates that TBIIX experiences smaller price fluctuations and is considered to be less risky than VUSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBIIX | VUSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 3.60% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 6.06% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 10.49% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 14.64% | -8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 13.78% | -8.78% |