TEDNX vs. GMCDX
Compare and contrast key facts about TIAA-CREF Emerging Markets Debt Fund (TEDNX) and GMO Emerging Country Debt Fund (GMCDX).
TEDNX is managed by TIAA Investments. It was launched on Sep 25, 2014. GMCDX is managed by GMO. It was launched on Apr 18, 1994.
Performance
TEDNX vs. GMCDX - Performance Comparison
Loading graphics...
TEDNX vs. GMCDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEDNX TIAA-CREF Emerging Markets Debt Fund | -2.96% | 13.84% | 8.61% | 12.56% | -14.41% | -0.86% | 6.13% | 17.49% | -5.95% | 12.07% |
GMCDX GMO Emerging Country Debt Fund | 2.31% | 22.34% | 13.39% | 17.63% | -16.30% | 6.56% | 7.25% | 14.28% | -5.89% | 12.49% |
Returns By Period
In the year-to-date period, TEDNX achieves a -2.96% return, which is significantly lower than GMCDX's 2.31% return. Over the past 10 years, TEDNX has underperformed GMCDX with an annualized return of 4.96%, while GMCDX has yielded a comparatively higher 7.62% annualized return.
TEDNX
- 1D
- 0.34%
- 1M
- -4.43%
- YTD
- -2.96%
- 6M
- -0.13%
- 1Y
- 7.90%
- 3Y*
- 10.00%
- 5Y*
- 3.35%
- 10Y*
- 4.96%
GMCDX
- 1D
- 0.30%
- 1M
- -2.54%
- YTD
- 2.31%
- 6M
- 8.44%
- 1Y
- 20.37%
- 3Y*
- 17.91%
- 5Y*
- 9.25%
- 10Y*
- 7.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TEDNX vs. GMCDX - Expense Ratio Comparison
TEDNX has a 0.62% expense ratio, which is higher than GMCDX's 0.53% expense ratio.
Return for Risk
TEDNX vs. GMCDX — Risk / Return Rank
TEDNX
GMCDX
TEDNX vs. GMCDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Debt Fund (TEDNX) and GMO Emerging Country Debt Fund (GMCDX). 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.
| TEDNX | GMCDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 3.12 | -1.40 |
Sortino ratioReturn per unit of downside risk | 2.18 | 4.54 | -2.36 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.76 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.55 | -2.07 |
Martin ratioReturn relative to average drawdown | 7.34 | 17.85 | -10.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TEDNX | GMCDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 3.12 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.83 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.82 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.30 | +0.48 |
Correlation
The correlation between TEDNX and GMCDX is 0.86, 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.
Dividends
TEDNX vs. GMCDX - Dividend Comparison
TEDNX's dividend yield for the trailing twelve months is around 4.82%, less than GMCDX's 6.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEDNX TIAA-CREF Emerging Markets Debt Fund | 4.82% | 5.80% | 6.58% | 5.03% | 6.15% | 4.81% | 4.27% | 5.28% | 5.58% | 5.93% | 5.56% | 5.18% |
GMCDX GMO Emerging Country Debt Fund | 6.13% | 6.27% | 6.88% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 6.00% | 2.50% |
Drawdowns
TEDNX vs. GMCDX - Drawdown Comparison
The maximum TEDNX drawdown since its inception was -25.65%, smaller than the maximum GMCDX drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for TEDNX and GMCDX.
Loading graphics...
Drawdown Indicators
| TEDNX | GMCDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -68.24% | +42.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -5.69% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -26.02% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -25.65% | -26.02% | +0.37% |
Current DrawdownCurrent decline from peak | -5.04% | -3.56% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -17.75% | +13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.14% | -0.06% |
Volatility
TEDNX vs. GMCDX - Volatility Comparison
TIAA-CREF Emerging Markets Debt Fund (TEDNX) has a higher volatility of 2.48% compared to GMO Emerging Country Debt Fund (GMCDX) at 2.27%. This indicates that TEDNX's price experiences larger fluctuations and is considered to be riskier than GMCDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TEDNX | GMCDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 2.27% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.92% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 6.72% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 11.16% | -5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 9.31% | -3.26% |