TEOJX vs. TEQLX

Last updated Aug 1, 2026

TEOJX (Transamerica Emerging Markets Opportunities) and TEQLX (TIAA-CREF Emerging Markets Equity Index Fund) are both Emerging Markets Equities funds. Over the past 5 years, TEOJX returned 5.32%/yr vs 6.97%/yr for TEQLX. Their correlation of 0.94 means they have usually moved in the same direction. TEOJX charges 0.87%/yr vs 0.19%/yr for TEQLX.

Performance

TEOJX vs. TEQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Emerging Markets Opportunities (TEOJX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEOJX achieves a 18.24% return, which is significantly higher than TEQLX's 16.24% return.

TEOJX

• 1D: 3.57%
• 1M: -1.77%
• 6M: 7.85%
• YTD: 18.24%
• 1Y: 35.69%
• 3Y*: 18.62%
• 5Y*: 5.32%
• 10Y*: —
• ALL TIME*: 6.79%

TEQLX

• 1D: 3.88%
• 1M: -3.43%
• 6M: 7.44%
• YTD: 16.24%
• 1Y: 34.41%
• 3Y*: 17.56%
• 5Y*: 6.97%
• 10Y*: 8.49%
• ALL TIME*: 5.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TEOJX Transamerica Emerging Markets Opportunities	$0.00	$0.00	$0.00
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	$0.00	$0.00	$0.00

TEOJX vs. TEQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TEOJX Transamerica Emerging Markets Opportunities	18.24%	37.62%	7.03%	2.38%	-24.54%	-2.38%	17.14%	0.30%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	16.24%	34.10%	6.71%	9.23%	-20.22%	-3.07%	17.67%	0.70%

Correlation

The correlation between TEOJX and TEQLX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019	0.94

The correlation between TEOJX and TEQLX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

TEOJX vs. TEQLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEOJX

TEOJX Risk / Return Rank: 64
TEOJX Sharpe Ratio Rank: 61
TEOJX Sortino Ratio Rank: 52
TEOJX Omega Ratio Rank: 62
TEOJX Calmar Ratio Rank: 79
TEOJX Martin Ratio Rank: 67

TEQLX

TEQLX Risk / Return Rank: 58
TEQLX Sharpe Ratio Rank: 56
TEQLX Sortino Ratio Rank: 48
TEQLX Omega Ratio Rank: 60
TEQLX Calmar Ratio Rank: 70
TEQLX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEOJX vs. TEQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Emerging Markets Opportunities (TEOJX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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.

	TEOJX	TEQLX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.39	+0.17
Sortino ratio: Return per unit of downside risk	2.08	1.87	+0.21
Omega ratio: Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio: Return relative to maximum drawdown	2.70	2.24	+0.46
Martin ratio: Return relative to average drawdown	8.71	7.21	+1.49

TEOJX vs. TEQLX - Sharpe Ratio Comparison

The current TEOJX Sharpe Ratio is 1.56, which is comparable to the TEQLX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of TEOJX and TEQLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEOJX vs. TEQLX - Drawdown Comparison

The maximum TEOJX drawdown since its inception was -44.24%, which is greater than TEQLX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for TEOJX and TEQLX.

Drawdown Indicators

	TEOJX	TEQLX	Difference
Max Drawdown Largest peak-to-trough decline	-44.24%	-39.33%	-4.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.40%	-14.29%	+1.89%
Max Drawdown (3Y) Largest decline over 3 years	-13.76%	-15.97%	+2.21%
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	-34.45%	-5.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-6.58%	-10.97%	+4.39%
Average Drawdown Average peak-to-trough decline	-19.63%	-14.52%	-5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	4.43%	-0.59%

Volatility

TEOJX vs. TEQLX - Volatility Comparison

The current volatility for Transamerica Emerging Markets Opportunities (TEOJX) is 8.28%, while TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) has a volatility of 9.78%. This indicates that TEOJX experiences smaller price fluctuations and is considered to be less risky than TEQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEOJX	TEQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	9.78%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	18.96%	21.12%	-2.16%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	23.02%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.76%	18.05%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	18.14%	+3.37%

TEOJX vs. TEQLX - Expense Ratio Comparison

TEOJX has a 0.87% expense ratio, which is higher than TEQLX's 0.19% expense ratio.

Dividends

TEOJX vs. TEQLX - Dividend Comparison

TEOJX's dividend yield for the trailing twelve months is around 0.86%, less than TEQLX's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEOJX Transamerica Emerging Markets Opportunities	0.86%	1.02%	0.15%	2.82%	2.84%	11.63%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	2.43%	2.83%	2.93%	3.08%	2.51%	2.27%	2.04%	2.77%	2.43%	1.98%	1.88%	2.40%

Frequently Asked Questions

Can I hold both TEOJX and TEQLX in my portfolio?

With a correlation of 0.91, TEOJX and TEQLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TEOJX or TEQLX?

TEQLX has higher volatility (9.78%) compared to TEOJX (8.28%). In terms of maximum drawdown, TEOJX dropped -44.24% vs TEQLX's -39.33%.

Which has better risk-adjusted returns?

TEOJX currently has the higher Sharpe Ratio (1.56 vs 1.39), 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.