TCIEX vs. MNTRX
TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) and MNTRX (Allspring Core Bond Fund) are both mutual funds - TCIEX is a Large Cap Blend Equities fund tracking the MSCI EAFE Index, while MNTRX is a Intermediate Core Bond fund managed by Allspring Global Investments. Over the past 10 years, TCIEX returned 9.76%/yr vs 1.40%/yr for MNTRX. At a correlation of -0.05, they often move in opposite directions. TCIEX charges 0.05%/yr vs 0.70%/yr for MNTRX.
Performance
TCIEX vs. MNTRX - Performance Comparison
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Returns By Period
In the year-to-date period, TCIEX achieves a 8.98% return, which is significantly higher than MNTRX's 0.29% return. Over the past 10 years, TCIEX has outperformed MNTRX with an annualized return of 9.76%, while MNTRX has yielded a comparatively lower 1.40% annualized return.
TCIEX
- 1D
- 3.02%
- 1M
- 1.03%
- YTD
- 8.98%
- 6M
- 10.44%
- 1Y
- 21.44%
- 3Y*
- 16.51%
- 5Y*
- 8.44%
- 10Y*
- 9.76%
MNTRX
- 1D
- 0.55%
- 1M
- 0.52%
- YTD
- 0.29%
- 6M
- 0.90%
- 1Y
- 4.87%
- 3Y*
- 3.88%
- 5Y*
- -0.24%
- 10Y*
- 1.40%
TCIEX vs. MNTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 8.98% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
MNTRX Allspring Core Bond Fund | 0.29% | 7.16% | 1.38% | 5.37% | -13.82% | -2.10% | 8.51% | 8.18% | -0.57% | 3.28% |
Correlation
The correlation between TCIEX and MNTRX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.05 |
The correlation between TCIEX and MNTRX shifts across timeframes, from -0.05 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TCIEX vs. MNTRX — Risk / Return Rank
TCIEX
MNTRX
TCIEX vs. MNTRX - 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 Allspring Core Bond Fund (MNTRX). 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 | MNTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.56 | +0.28 |
| Martin ratioReturn relative to average drawdown | 6.82 | 4.59 | +2.23 |
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Drawdowns
TCIEX vs. MNTRX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -59.27%, which is greater than MNTRX's maximum drawdown of -19.36%. Use the drawdown chart below to compare losses from any high point for TCIEX and MNTRX.
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Drawdown Indicators
| TCIEX | MNTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -19.36% | -39.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -3.06% | -8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -6.27% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -18.91% | -10.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -19.36% | -14.22% |
Current DrawdownCurrent decline from peak | -0.98% | -3.14% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -2.46% | -8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.04% | +2.01% |
Volatility
TCIEX vs. MNTRX - Volatility Comparison
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a higher volatility of 5.30% compared to Allspring Core Bond Fund (MNTRX) at 1.35%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than MNTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCIEX | MNTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 1.35% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 2.93% | +10.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 3.95% | +11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 6.04% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 4.96% | +11.71% |
TCIEX vs. MNTRX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than MNTRX's 0.70% expense ratio.
Dividends
TCIEX vs. MNTRX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 3.57%, less than MNTRX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNTRX Allspring Core Bond Fund | 4.06% | 4.07% | 4.13% | 3.19% | 1.85% | 1.75% | 6.35% | 2.46% | 2.33% | 1.74% | 1.97% | 1.45% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.57% | 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 MNTRX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCIEX has higher volatility (5.30%) compared to MNTRX (1.35%). In terms of maximum drawdown, TCIEX dropped -59.27% vs MNTRX's -19.36%.
TCIEX currently has the higher Sharpe Ratio (1.33 vs 1.22), 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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