TEQLX vs. TCIEX
TEQLX (TIAA-CREF Emerging Markets Equity Index Fund) and TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) are both mutual funds - TEQLX is a Emerging Markets Equities fund managed by TIAA, while TCIEX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, TEQLX returned 8.49%/yr vs 9.64%/yr for TCIEX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. TEQLX charges 0.19%/yr vs 0.05%/yr for TCIEX.
Performance
TEQLX vs. TCIEX - Performance Comparison
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Returns By Period
In the year-to-date period, TEQLX achieves a 16.24% return, which is significantly higher than TCIEX's 12.68% return. Over the past 10 years, TEQLX has underperformed TCIEX with an annualized return of 8.49%, while TCIEX has yielded a comparatively higher 9.64% annualized return.
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%
TCIEX
- 1D
- 2.75%
- 1M
- 2.05%
- 6M
- 7.25%
- YTD
- 12.68%
- 1Y
- 26.15%
- 3Y*
- 16.42%
- 5Y*
- 9.57%
- 10Y*
- 9.64%
- ALL TIME*
- 7.79%
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 |
TEQLX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEQLX TIAA-CREF Emerging Markets Equity Index Fund | 16.24% | 34.10% | 6.71% | 9.23% | -20.22% | -3.07% | 17.67% | 18.59% | -14.60% | 37.47% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 12.68% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
Correlation
The correlation between TEQLX and TCIEX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2010 | 0.75 |
The correlation between TEQLX and TCIEX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
TEQLX vs. TCIEX — Risk / Return Rank
TEQLX
TCIEX
TEQLX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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.
| TEQLX | TCIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.20 | +0.04 |
| Martin ratioReturn relative to average drawdown | 7.21 | 8.32 | -1.11 |
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Drawdowns
TEQLX vs. TCIEX - Drawdown Comparison
The maximum TEQLX drawdown since its inception was -39.33%, smaller than the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for TEQLX and TCIEX.
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Drawdown Indicators
| TEQLX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -59.27% | +19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.29% | -11.35% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -13.58% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -34.45% | -29.25% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -33.58% | -5.75% |
Current DrawdownCurrent decline from peak | -10.97% | 0.00% | -10.97% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -10.52% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 3.00% | +1.43% |
Volatility
TEQLX vs. TCIEX - Volatility Comparison
TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) has a higher volatility of 9.78% compared to TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) at 4.72%. This indicates that TEQLX's price experiences larger fluctuations and is considered to be riskier than TCIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEQLX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 4.72% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 21.12% | 13.43% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 15.82% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 16.25% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 16.40% | +1.74% |
TEQLX vs. TCIEX - Expense Ratio Comparison
TEQLX has a 0.19% expense ratio, which is higher than TCIEX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TEQLX vs. TCIEX - Dividend Comparison
TEQLX's dividend yield for the trailing twelve months is around 2.43%, less than TCIEX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.45% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
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
TEQLX and TCIEX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEQLX has higher volatility (9.78%) compared to TCIEX (4.72%). In terms of maximum drawdown, TEQLX dropped -39.33% vs TCIEX's -59.27%.
TCIEX currently has the higher Sharpe Ratio (1.59 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.
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