TCIEX vs. TITIX
TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) and TITIX (TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund) are both mutual funds - TCIEX is a Large Cap Blend Equities fund tracking the MSCI EAFE Index, while TITIX is a Municipal Bonds fund managed by TIAA Investments. Over the past 10 years, TCIEX returned 9.38%/yr vs 1.93%/yr for TITIX. At a correlation of -0.07, they often move in opposite directions. TCIEX charges 0.05%/yr vs 0.30%/yr for TITIX.
Performance
TCIEX vs. TITIX - Performance Comparison
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Returns By Period
In the year-to-date period, TCIEX achieves a 9.52% return, which is significantly higher than TITIX's 0.98% return. Over the past 10 years, TCIEX has outperformed TITIX with an annualized return of 9.38%, while TITIX has yielded a comparatively lower 1.93% annualized return.
TCIEX
- 1D
- 0.33%
- 1M
- 4.10%
- YTD
- 9.52%
- 6M
- 11.87%
- 1Y
- 22.18%
- 3Y*
- 17.07%
- 5Y*
- 8.81%
- 10Y*
- 9.38%
TITIX
- 1D
- 0.20%
- 1M
- 0.69%
- YTD
- 0.98%
- 6M
- 1.36%
- 1Y
- 6.53%
- 3Y*
- 3.63%
- 5Y*
- 0.53%
- 10Y*
- 1.93%
TCIEX vs. TITIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 9.52% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
TITIX TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund | 0.98% | 5.06% | 0.81% | 5.84% | -9.42% | 1.31% | 4.31% | 8.42% | 1.43% | 4.93% |
Correlation
The correlation between TCIEX and TITIX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2006 | -0.07 |
The correlation between TCIEX and TITIX shifts across timeframes, from -0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TCIEX vs. TITIX — Risk / Return Rank
TCIEX
TITIX
TCIEX vs. TITIX - 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-CREF 5-15 Year Laddered Tax-Exempt Bond Fund (TITIX). 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.
| TCIEX | TITIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.69 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.15 | -0.26 |
| Martin ratioReturn relative to average drawdown | 7.06 | 6.99 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCIEX | TITIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.65 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.15 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.51 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.93 | -0.53 |
Drawdowns
TCIEX vs. TITIX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -59.27%, which is greater than TITIX's maximum drawdown of -14.71%. Use the drawdown chart below to compare losses from any high point for TCIEX and TITIX.
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Drawdown Indicators
| TCIEX | TITIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -14.71% | -44.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -3.01% | -8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -4.82% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -14.71% | -14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -14.71% | -18.87% |
Current DrawdownCurrent decline from peak | -0.49% | -0.89% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -2.46% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.92% | +2.10% |
Volatility
TCIEX vs. TITIX - Volatility Comparison
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a higher volatility of 4.65% compared to TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund (TITIX) at 0.87%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than TITIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCIEX | TITIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 0.87% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 1.86% | +10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 2.45% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 3.54% | +12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 3.82% | +12.83% |
TCIEX vs. TITIX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than TITIX's 0.30% expense ratio.
Dividends
TCIEX vs. TITIX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 3.55%, more than TITIX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.55% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
TITIX TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund | 3.30% | 3.54% | 3.17% | 2.24% | 2.08% | 2.80% | 2.53% | 3.22% | 2.46% | 2.27% | 3.94% | 4.54% |
Frequently Asked Questions
TCIEX and TITIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCIEX has higher volatility (4.65%) compared to TITIX (0.87%). In terms of maximum drawdown, TCIEX dropped -59.27% vs TITIX's -14.71%.
TITIX currently has the higher Sharpe Ratio (2.65 vs 1.42), 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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