Correlation
The correlation between TEDNX and MIEIX 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.
TEDNX vs. MIEIX
Compare and contrast key facts about TIAA-CREF Emerging Markets Debt Fund (TEDNX) and MFS International Equity Fund Class R6 (MIEIX).
TEDNX is managed by TIAA Investments. It was launched on Sep 25, 2014. MIEIX is managed by MFS. It was launched on Jan 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEDNX or MIEIX.
Performance
TEDNX vs. MIEIX - Performance Comparison
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Key characteristics
TEDNX:
2.11
MIEIX:
0.91
TEDNX:
2.86
MIEIX:
1.16
TEDNX:
1.46
MIEIX:
1.16
TEDNX:
1.90
MIEIX:
0.91
TEDNX:
8.16
MIEIX:
2.76
TEDNX:
1.12%
MIEIX:
4.42%
TEDNX:
4.48%
MIEIX:
15.00%
TEDNX:
-25.65%
MIEIX:
-52.61%
TEDNX:
0.00%
MIEIX:
-0.69%
Returns By Period
In the year-to-date period, TEDNX achieves a 3.21% return, which is significantly lower than MIEIX's 14.87% return. Over the past 10 years, TEDNX has underperformed MIEIX with an annualized return of 4.23%, while MIEIX has yielded a comparatively higher 7.56% annualized return.
TEDNX
3.21%
1.64%
2.17%
9.27%
7.17%
4.39%
4.23%
MIEIX
14.87%
4.49%
12.29%
12.45%
11.46%
11.99%
7.56%
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TEDNX vs. MIEIX - Expense Ratio Comparison
TEDNX has a 0.62% expense ratio, which is lower than MIEIX's 0.68% expense ratio.
Risk-Adjusted Performance
TEDNX vs. MIEIX — Risk-Adjusted Performance Rank
TEDNX
MIEIX
TEDNX vs. MIEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Debt Fund (TEDNX) and MFS International Equity Fund Class R6 (MIEIX). 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.
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Dividends
TEDNX vs. MIEIX - Dividend Comparison
TEDNX's dividend yield for the trailing twelve months is around 6.30%, more than MIEIX's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEDNX TIAA-CREF Emerging Markets Debt Fund | 6.30% | 6.59% | 5.03% | 6.15% | 4.81% | 4.27% | 5.29% | 5.59% | 7.66% | 5.58% | 5.18% | 0.56% |
MIEIX MFS International Equity Fund Class R6 | 1.28% | 1.47% | 1.67% | 1.26% | 5.40% | 1.00% | 3.12% | 1.63% | 1.85% | 1.78% | 1.71% | 2.71% |
Drawdowns
TEDNX vs. MIEIX - Drawdown Comparison
The maximum TEDNX drawdown since its inception was -25.65%, smaller than the maximum MIEIX drawdown of -52.61%. Use the drawdown chart below to compare losses from any high point for TEDNX and MIEIX.
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Volatility
TEDNX vs. MIEIX - Volatility Comparison
The current volatility for TIAA-CREF Emerging Markets Debt Fund (TEDNX) is 0.95%, while MFS International Equity Fund Class R6 (MIEIX) has a volatility of 3.14%. This indicates that TEDNX experiences smaller price fluctuations and is considered to be less risky than MIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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