TCIEX vs. TRPWX
TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) and TRPWX (TIAA-CREF Mid-Cap Growth Fund) are both mutual funds - TCIEX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while TRPWX is a Mid Cap Growth Equities fund managed by TIAA. Over the past 10 years, TCIEX returned 9.61%/yr vs 7.64%/yr for TRPWX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. TCIEX charges 0.05%/yr vs 0.46%/yr for TRPWX.
Performance
TCIEX vs. TRPWX - 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 TRPWX's -0.25% return. Over the past 10 years, TCIEX has outperformed TRPWX with an annualized return of 9.61%, while TRPWX has yielded a comparatively lower 7.64% annualized 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%
TRPWX
- 1D
- 0.25%
- 1M
- -1.74%
- 6M
- 0.70%
- YTD
- -0.25%
- 1Y
- -1.86%
- 3Y*
- 4.14%
- 5Y*
- -3.12%
- 10Y*
- 7.64%
- ALL TIME*
- 9.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TCIEX vs. TRPWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 11.81% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
TRPWX TIAA-CREF Mid-Cap Growth Fund | -0.25% | 4.26% | 8.50% | 21.45% | -33.08% | 2.88% | 45.32% | 33.47% | -8.63% | 25.57% |
Correlation
The correlation between TCIEX and TRPWX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.69 |
The correlation between TCIEX and TRPWX has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
TCIEX vs. TRPWX — Risk / Return Rank
TCIEX
TRPWX
TCIEX vs. TRPWX - 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 Mid-Cap Growth Fund (TRPWX). 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 | TRPWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.98 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.26 | +2.49 |
| Martin ratioReturn relative to average drawdown | 8.45 | -0.64 | +9.09 |
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Drawdowns
TCIEX vs. TRPWX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -59.27%, roughly equal to the maximum TRPWX drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for TCIEX and TRPWX.
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Drawdown Indicators
| TCIEX | TRPWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -58.68% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -15.51% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -26.39% | +12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -44.12% | +14.87% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -44.12% | +10.54% |
Current DrawdownCurrent decline from peak | -0.76% | -17.22% | +16.46% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -11.44% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 6.16% | -3.16% |
Volatility
TCIEX vs. TRPWX - Volatility Comparison
The current volatility for TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) is 4.62%, while TIAA-CREF Mid-Cap Growth Fund (TRPWX) has a volatility of 5.38%. This indicates that TCIEX experiences smaller price fluctuations and is considered to be less risky than TRPWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCIEX | TRPWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 5.38% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 14.66% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 18.49% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 23.56% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 23.32% | -6.92% |
TCIEX vs. TRPWX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than TRPWX's 0.46% expense ratio.
Dividends
TCIEX vs. TRPWX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 3.48%, less than TRPWX's 11.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRPWX TIAA-CREF Mid-Cap Growth Fund | 11.00% | 10.97% | 0.00% | 0.18% | 0.60% | 15.18% | 11.52% | 11.22% | 17.00% | 9.47% | 0.51% | 8.63% |
Frequently Asked Questions
TCIEX and TRPWX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRPWX has higher volatility (5.38%) compared to TCIEX (4.62%). In terms of maximum drawdown, TCIEX dropped -59.27% vs TRPWX's -58.68%.
TCIEX currently has the higher Sharpe Ratio (1.61 vs -0.21), 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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