TCIEX vs. QREARX
TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) and QREARX (TIAA Real Estate Account) are both mutual funds - TCIEX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while QREARX is a REIT fund actively managed by TIAA. TCIEX is passively managed, while QREARX is actively managed. Over the past year, TCIEX returned 25.18% vs 4.35% for QREARX. Their -0.08 correlation means they have often moved in opposite directions in the past. TCIEX charges 0.05%/yr vs 0.90%/yr for QREARX.
Performance
TCIEX vs. QREARX - Performance Comparison
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Returns By Period
In the year-to-date period, TCIEX achieves a 11.81% return, which is significantly higher than QREARX's 2.48% 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%
QREARX
- 1D
- 0.02%
- 1M
- 0.33%
- 6M
- 2.31%
- YTD
- 2.48%
- 1Y
- 4.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
QREARX TIAA Real Estate Account | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
TCIEX vs. QREARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 11.81% | 31.97% |
QREARX TIAA Real Estate Account | 2.48% | 3.93% |
Correlation
The correlation between TCIEX and QREARX is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025 | -0.08 |
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Return for Risk
TCIEX vs. QREARX — Risk / Return Rank
TCIEX
QREARX
TCIEX vs. QREARX - 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 TIAA Real Estate Account (QREARX). 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 | QREARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -9.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 3.33 | -2.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 14.94 | -12.70 |
| Martin ratioReturn relative to average drawdown | 8.45 | 61.12 | -52.67 |
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Drawdowns
TCIEX vs. QREARX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -59.27%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for TCIEX and QREARX.
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Drawdown Indicators
| TCIEX | QREARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -1.45% | -57.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -0.29% | -11.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | 0.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -0.05% | -10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 0.07% | +2.93% |
Volatility
TCIEX vs. QREARX - Volatility Comparison
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a higher volatility of 4.62% compared to TIAA Real Estate Account (QREARX) at 0.10%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCIEX | QREARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 0.10% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 0.86% | +12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 0.99% | +14.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 1.68% | +14.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 1.68% | +14.72% |
TCIEX vs. QREARX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than QREARX's 0.90% expense ratio.
Dividends
TCIEX vs. QREARX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 3.48%, while QREARX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QREARX TIAA Real Estate Account | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 QREARX have a correlation of -0.13, 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 QREARX (0.10%). In terms of maximum drawdown, TCIEX dropped -59.27% vs QREARX's -1.45%.
QREARX currently has the higher Sharpe Ratio (4.41 vs 1.61), 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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