TCIEX vs. FSPSX
Compare and contrast key facts about TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and Fidelity International Index Fund (FSPSX).
TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCIEX or FSPSX.
Key characteristics
| TCIEX | FSPSX | |
|---|---|---|
| YTD Return | 10.11% | 10.09% |
| 1Y Return | 18.05% | 18.12% |
| 3Y Return (Ann) | 3.79% | 3.75% |
| 5Y Return (Ann) | 7.58% | 7.62% |
| 10Y Return (Ann) | 5.28% | 5.30% |
| Sharpe Ratio | 1.35 | 1.45 |
| Daily Std Dev | 13.57% | 12.57% |
| Max Drawdown | -60.62% | -33.69% |
| Current Drawdown | -2.00% | -1.93% |
Correlation
The correlation between TCIEX and FSPSX is 0.98, 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.
Performance
TCIEX vs. FSPSX - Performance Comparison
The year-to-date returns for both stocks are quite close, with TCIEX having a 10.11% return and FSPSX slightly lower at 10.09%. Both investments have delivered pretty close results over the past 10 years, with TCIEX having a 5.28% annualized return and FSPSX not far ahead at 5.30%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TCIEX vs. FSPSX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is higher than FSPSX's 0.04% 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%.
Risk-Adjusted Performance
TCIEX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and Fidelity International Index Fund (FSPSX). 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
TCIEX vs. FSPSX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 2.85%, less than FSPSX's 2.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 2.85% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% | 4.12% | 2.83% |
FSPSX Fidelity International Index Fund | 2.89% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% | 2.59% |
Drawdowns
TCIEX vs. FSPSX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -60.62%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for TCIEX and FSPSX. For additional features, visit the drawdowns tool.
Volatility
TCIEX vs. FSPSX - Volatility Comparison
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a higher volatility of 4.03% compared to Fidelity International Index Fund (FSPSX) at 3.78%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.