TCIEX vs. FAOIX
TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, TCIEX returned 9.61%/yr vs 7.63%/yr for FAOIX. Their correlation of 0.92 means they have usually moved in the same direction. TCIEX charges 0.05%/yr vs 1.12%/yr for FAOIX.
Performance
TCIEX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, TCIEX has outperformed FAOIX with an annualized return of 9.61%, while FAOIX has yielded a comparatively lower 7.63% 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%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.86%
- 5Y*
- 2.74%
- 10Y*
- 7.63%
- ALL TIME*
- 5.75%
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. FAOIX - 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% |
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
Correlation
The correlation between TCIEX and FAOIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
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 FAOIX has dropped to 0.45 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
TCIEX vs. FAOIX — Risk / Return Rank
TCIEX
FAOIX
TCIEX vs. FAOIX - 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 I (FAOIX). 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 | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.93 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.32 | +2.56 |
| Martin ratioReturn relative to average drawdown | 8.45 | -0.49 | +8.94 |
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Drawdowns
TCIEX vs. FAOIX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -59.27%, roughly equal to the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for TCIEX and FAOIX.
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Drawdown Indicators
| TCIEX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -59.86% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -7.28% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -13.98% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -36.33% | +7.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -36.33% | +2.75% |
Current DrawdownCurrent decline from peak | -0.76% | -5.85% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -14.17% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.48% | -1.48% |
Volatility
TCIEX vs. FAOIX - 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 I (FAOIX) at 0.00%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCIEX | FAOIX | 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% | 16.67% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 16.29% | +0.11% |
TCIEX vs. FAOIX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
TCIEX vs. FAOIX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 3.48%, less than FAOIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
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 FAOIX have a correlation of 0.45, 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 FAOIX (0.00%). In terms of maximum drawdown, TCIEX dropped -59.27% vs FAOIX's -59.86%.
TCIEX currently has the higher Sharpe Ratio (1.61 vs -0.31), 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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