TCIEX vs. FAERX
TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, TCIEX returned 9.61%/yr vs 7.12%/yr for FAERX. Their correlation of 0.92 means they have usually moved in the same direction. TCIEX charges 0.05%/yr vs 1.65%/yr for FAERX.
Performance
TCIEX vs. FAERX - Performance Comparison
Loading charts...
Returns By Period
Over the past 10 years, TCIEX has outperformed FAERX with an annualized return of 9.61%, while FAERX has yielded a comparatively lower 7.12% annualized return.
TCIEX
- 1D
- -0.76%
- 1M
- 1.27%
- 6M
- 5.70%
- YTD
- 11.81%
- 1Y
- 25.18%
- 3Y*
- 16.53%
- 5Y*
- 9.40%
- 10Y*
- 9.61%
- ALL TIME*
- 7.75%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.42%
- 3Y*
- 7.43%
- 5Y*
- 2.30%
- 10Y*
- 7.12%
- ALL TIME*
- 5.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCIEX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 11.81% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 27.14% | -15.25% | 29.37% |
Correlation
The correlation between TCIEX and FAERX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.92 |
Over the past year, the correlation between TCIEX and FAERX has dropped to 0.46 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TCIEX vs. FAERX — Risk / Return Rank
TCIEX
FAERX
TCIEX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.
| TCIEX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.93 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.35 | +2.59 |
| Martin ratioReturn relative to average drawdown | 8.45 | -0.53 | +8.98 |
Loading charts...
Drawdowns
TCIEX vs. FAERX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -59.27%, roughly equal to the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for TCIEX and FAERX.
Loading charts...
Drawdown Indicators
| TCIEX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -60.14% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -7.29% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -14.00% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -36.62% | +7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -36.62% | +3.04% |
Current DrawdownCurrent decline from peak | -0.76% | -5.89% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -14.34% | +3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.51% | -1.51% |
Volatility
TCIEX vs. FAERX - Volatility Comparison
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a higher volatility of 4.62% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TCIEX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 0.00% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 0.00% | +13.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 7.69% | +8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 16.66% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 16.28% | +0.12% |
TCIEX vs. FAERX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
TCIEX vs. FAERX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 3.48%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.48% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
Frequently Asked Questions
TCIEX and FAERX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCIEX has higher volatility (4.62%) compared to FAERX (0.00%). In terms of maximum drawdown, TCIEX dropped -59.27% vs FAERX's -60.14%.
TCIEX currently has the higher Sharpe Ratio (1.61 vs -0.33), 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.
Find the right allocation for TCIEX and FAERX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer