TCIEX vs. VNQ
Compare and contrast key facts about TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and Vanguard Real Estate ETF (VNQ).
TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both TCIEX and VNQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCIEX or VNQ.
Key characteristics
| TCIEX | VNQ | |
|---|---|---|
| YTD Return | 7.04% | 11.73% |
| 1Y Return | 18.77% | 33.45% |
| 3Y Return (Ann) | 2.29% | -0.66% |
| 5Y Return (Ann) | 6.11% | 4.94% |
| 10Y Return (Ann) | 5.38% | 6.12% |
| Sharpe Ratio | 1.37 | 1.83 |
| Sortino Ratio | 1.96 | 2.62 |
| Omega Ratio | 1.24 | 1.33 |
| Calmar Ratio | 1.80 | 1.01 |
| Martin Ratio | 7.65 | 7.04 |
| Ulcer Index | 2.45% | 4.45% |
| Daily Std Dev | 13.70% | 17.13% |
| Max Drawdown | -60.62% | -73.07% |
| Current Drawdown | -6.40% | -7.83% |
Correlation
The correlation between TCIEX and VNQ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TCIEX vs. VNQ - Performance Comparison
In the year-to-date period, TCIEX achieves a 7.04% return, which is significantly lower than VNQ's 11.73% return. Over the past 10 years, TCIEX has underperformed VNQ with an annualized return of 5.38%, while VNQ has yielded a comparatively higher 6.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TCIEX vs. VNQ - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than VNQ's 0.12% 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%.
Risk-Adjusted Performance
TCIEX vs. VNQ - 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 Vanguard Real Estate ETF (VNQ). 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.
Dividends
TCIEX vs. VNQ - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 2.94%, less than VNQ's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 2.94% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.05% | 3.94% | 2.83% |
VNQ Vanguard Real Estate ETF | 3.80% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
TCIEX vs. VNQ - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -60.62%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for TCIEX and VNQ. For additional features, visit the drawdowns tool.
Volatility
TCIEX vs. VNQ - Volatility Comparison
The current volatility for TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) is 4.01%, while Vanguard Real Estate ETF (VNQ) has a volatility of 5.30%. This indicates that TCIEX experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.