TCIEX vs. VTMGX
Compare and contrast key facts about TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX).
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. VTMGX is managed by Vanguard. It was launched on Aug 17, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCIEX or VTMGX.
Key characteristics
| TCIEX | VTMGX | |
|---|---|---|
| YTD Return | 7.14% | 6.67% |
| 1Y Return | 18.40% | 18.35% |
| 3Y Return (Ann) | 2.40% | 1.57% |
| 5Y Return (Ann) | 6.22% | 6.24% |
| 10Y Return (Ann) | 5.41% | 5.53% |
| Sharpe Ratio | 1.38 | 1.47 |
| Sortino Ratio | 1.98 | 2.08 |
| Omega Ratio | 1.25 | 1.26 |
| Calmar Ratio | 1.87 | 1.53 |
| Martin Ratio | 7.61 | 7.87 |
| Ulcer Index | 2.48% | 2.40% |
| Daily Std Dev | 13.72% | 12.88% |
| Max Drawdown | -60.62% | -60.58% |
| Current Drawdown | -6.32% | -5.89% |
Correlation
The correlation between TCIEX and VTMGX is 0.97, 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.
Performance
TCIEX vs. VTMGX - Performance Comparison
In the year-to-date period, TCIEX achieves a 7.14% return, which is significantly higher than VTMGX's 6.67% return. Both investments have delivered pretty close results over the past 10 years, with TCIEX having a 5.41% annualized return and VTMGX not far ahead at 5.53%. 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. VTMGX - Expense Ratio Comparison
TCIEX has a 0.05% expense ratio, which is lower than VTMGX's 0.07% 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. VTMGX - 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 Developed Markets Index Fund Admiral Shares (VTMGX). 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. VTMGX - Dividend Comparison
TCIEX's dividend yield for the trailing twelve months is around 2.93%, less than VTMGX's 2.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 2.93% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.05% | 3.94% | 2.83% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.97% | 3.14% | 2.89% | 3.14% | 2.02% | 3.03% | 3.34% | 2.78% | 3.06% | 2.91% | 3.70% | 2.61% |
Drawdowns
TCIEX vs. VTMGX - Drawdown Comparison
The maximum TCIEX drawdown since its inception was -60.62%, roughly equal to the maximum VTMGX drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for TCIEX and VTMGX. For additional features, visit the drawdowns tool.
Volatility
TCIEX vs. VTMGX - Volatility Comparison
TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a higher volatility of 3.96% compared to Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) at 3.63%. This indicates that TCIEX's price experiences larger fluctuations and is considered to be riskier than VTMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.