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TCIEX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TCIEX and SPY is 0.75, 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.


-0.50.00.51.00.7

Performance

TCIEX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-2.54%
9.85%
TCIEX
SPY

Key characteristics

Sharpe Ratio

TCIEX:

0.38

SPY:

2.21

Sortino Ratio

TCIEX:

0.61

SPY:

2.93

Omega Ratio

TCIEX:

1.07

SPY:

1.41

Calmar Ratio

TCIEX:

0.50

SPY:

3.26

Martin Ratio

TCIEX:

1.37

SPY:

14.40

Ulcer Index

TCIEX:

3.56%

SPY:

1.90%

Daily Std Dev

TCIEX:

12.82%

SPY:

12.44%

Max Drawdown

TCIEX:

-61.01%

SPY:

-55.19%

Current Drawdown

TCIEX:

-9.25%

SPY:

-1.83%

Returns By Period

In the year-to-date period, TCIEX achieves a 3.79% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, TCIEX has underperformed SPY with an annualized return of 5.21%, while SPY has yielded a comparatively higher 13.04% annualized return.


TCIEX

YTD

3.79%

1M

-1.06%

6M

-2.04%

1Y

4.84%

5Y*

4.91%

10Y*

5.21%

SPY

YTD

26.72%

1M

0.20%

6M

10.28%

1Y

27.17%

5Y*

14.87%

10Y*

13.04%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TCIEX vs. SPY - Expense Ratio Comparison

TCIEX has a 0.05% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


SPY
SPDR S&P 500 ETF
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for TCIEX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

TCIEX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for TCIEX, currently valued at 0.38, compared to the broader market-1.000.001.002.003.004.000.382.21
The chart of Sortino ratio for TCIEX, currently valued at 0.61, compared to the broader market-2.000.002.004.006.008.0010.000.612.93
The chart of Omega ratio for TCIEX, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.003.501.071.41
The chart of Calmar ratio for TCIEX, currently valued at 0.50, compared to the broader market0.002.004.006.008.0010.0012.0014.000.503.26
The chart of Martin ratio for TCIEX, currently valued at 1.37, compared to the broader market0.0020.0040.0060.001.3714.40
TCIEX
SPY

The current TCIEX Sharpe Ratio is 0.38, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of TCIEX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.38
2.21
TCIEX
SPY

Dividends

TCIEX vs. SPY - Dividend Comparison

TCIEX's dividend yield for the trailing twelve months is around 3.17%, more than SPY's 1.19% yield.


TTM20232022202120202019201820172016201520142013
TCIEX
TIAA-CREF International Equity Index Fund Institutional Class
3.17%3.14%2.82%3.02%1.96%3.08%3.42%2.78%2.95%3.05%3.94%2.83%
SPY
SPDR S&P 500 ETF
1.19%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

TCIEX vs. SPY - Drawdown Comparison

The maximum TCIEX drawdown since its inception was -61.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TCIEX and SPY. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-9.25%
-1.83%
TCIEX
SPY

Volatility

TCIEX vs. SPY - Volatility Comparison

The current volatility for TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) is 3.57%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.83%. This indicates that TCIEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.57%
3.83%
TCIEX
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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