TEDNX vs. FDFIX
Compare and contrast key facts about TIAA-CREF Emerging Markets Debt Fund (TEDNX) and Fidelity Flex 500 Index Fund (FDFIX).
TEDNX is managed by TIAA Investments. It was launched on Sep 25, 2014. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEDNX or FDFIX.
Key characteristics
| TEDNX | FDFIX | |
|---|---|---|
| YTD Return | 9.54% | 19.00% |
| 1Y Return | 17.19% | 28.26% |
| 3Y Return (Ann) | 0.80% | 9.94% |
| 5Y Return (Ann) | 2.61% | 15.33% |
| Sharpe Ratio | 3.58 | 2.20 |
| Daily Std Dev | 4.80% | 12.74% |
| Max Drawdown | -25.66% | -33.77% |
| Current Drawdown | 0.00% | -0.62% |
Correlation
The correlation between TEDNX and FDFIX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TEDNX vs. FDFIX - Performance Comparison
In the year-to-date period, TEDNX achieves a 9.54% return, which is significantly lower than FDFIX's 19.00% 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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TEDNX vs. FDFIX - Expense Ratio Comparison
TEDNX has a 0.62% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
TEDNX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Debt Fund (TEDNX) and Fidelity Flex 500 Index Fund (FDFIX). 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
TEDNX vs. FDFIX - Dividend Comparison
TEDNX's dividend yield for the trailing twelve months is around 5.27%, more than FDFIX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TEDNX TIAA-CREF Emerging Markets Debt Fund | 5.27% | 5.03% | 6.15% | 4.81% | 4.27% | 5.28% | 5.58% | 7.65% | 5.56% | 5.18% | 0.55% |
FDFIX Fidelity Flex 500 Index Fund | 1.27% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% |
Drawdowns
TEDNX vs. FDFIX - Drawdown Comparison
The maximum TEDNX drawdown since its inception was -25.66%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for TEDNX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
TEDNX vs. FDFIX - Volatility Comparison
The current volatility for TIAA-CREF Emerging Markets Debt Fund (TEDNX) is 0.75%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.01%. This indicates that TEDNX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.