TEDNX vs. FDFIX
TEDNX (TIAA-CREF Emerging Markets Debt Fund) and FDFIX (Fidelity Flex 500 Index Fund) are both mutual funds - TEDNX is a Emerging Markets Bonds fund managed by TIAA, while FDFIX is a Large Cap Blend Equities fund tracking the Fidelity U.S. Large Cap Index. Over the past 5 years, TEDNX returned 3.31%/yr vs 12.59%/yr for FDFIX. Their 0.32 correlation means their historical movements had little consistent relationship. TEDNX charges 0.62%/yr vs 0.00%/yr for FDFIX.
Performance
TEDNX vs. FDFIX - Performance Comparison
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Returns By Period
In the year-to-date period, TEDNX achieves a 0.72% return, which is significantly lower than FDFIX's 9.08% return.
TEDNX
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -0.15%
- YTD
- 0.72%
- 1Y
- 7.00%
- 3Y*
- 9.36%
- 5Y*
- 3.31%
- 10Y*
- 4.51%
- ALL TIME*
- 4.84%
FDFIX
- 1D
- 1.70%
- 1M
- -0.67%
- 6M
- 7.78%
- YTD
- 9.08%
- 1Y
- 20.10%
- 3Y*
- 18.85%
- 5Y*
- 12.59%
- 10Y*
- —
- ALL TIME*
- 14.73%
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 |
TEDNX vs. FDFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEDNX TIAA-CREF Emerging Markets Debt Fund | 0.72% | 13.84% | 8.61% | 12.56% | -14.41% | -0.86% | 6.13% | 17.49% | -5.95% | 8.04% |
FDFIX Fidelity Flex 500 Index Fund | 9.08% | 17.59% | 25.06% | 26.27% | -18.10% | 28.69% | 18.46% | 31.47% | -4.45% | 14.41% |
Correlation
The correlation between TEDNX and FDFIX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2017 | 0.32 |
Over the past year, TEDNX and FDFIX have become more correlated (0.54) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
TEDNX vs. FDFIX — Risk / Return Rank
TEDNX
FDFIX
TEDNX vs. FDFIX - Risk-Adjusted Trends 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.
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.
| TEDNX | FDFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.99 | -0.63 |
| Martin ratioReturn relative to average drawdown | 5.22 | 8.36 | -3.14 |
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Drawdowns
TEDNX vs. FDFIX - Drawdown Comparison
The maximum TEDNX drawdown since its inception was -25.65%, 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.
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Drawdown Indicators
| TEDNX | FDFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -33.77% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -8.99% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -18.76% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -24.51% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -25.65% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -2.20% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.53% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.14% | -0.75% |
Volatility
TEDNX vs. FDFIX - Volatility Comparison
The current volatility for TIAA-CREF Emerging Markets Debt Fund (TEDNX) is 0.84%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 3.50%. 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.
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Volatility by Period
| TEDNX | FDFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 3.50% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 10.20% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 13.02% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 17.07% | -11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | 18.53% | -12.49% |
TEDNX vs. FDFIX - Expense Ratio Comparison
TEDNX has a 0.62% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Dividends
TEDNX vs. FDFIX - Dividend Comparison
TEDNX's dividend yield for the trailing twelve months is around 4.91%, more than FDFIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFIX Fidelity Flex 500 Index Fund | 1.07% | 1.11% | 1.26% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.50% | 0.00% | 0.00% |
TEDNX TIAA-CREF Emerging Markets Debt Fund | 4.91% | 5.80% | 6.58% | 5.03% | 6.15% | 4.81% | 4.27% | 5.28% | 5.58% | 5.93% | 5.56% | 5.18% |
Frequently Asked Questions
TEDNX and FDFIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDFIX has higher volatility (3.50%) compared to TEDNX (0.84%). In terms of maximum drawdown, TEDNX dropped -25.65% vs FDFIX's -33.77%.
TEDNX currently has the higher Sharpe Ratio (1.76 vs 1.38), 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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