TGRNX vs. SPUBX
TGRNX (TIAA-CREF Green Bond Fund) and SPUBX (Symmetry Panoramic US Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, TGRNX returned -0.10%/yr vs 0.23%/yr for SPUBX. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 0.45% expense ratio.
Performance
TGRNX vs. SPUBX - Performance Comparison
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Returns By Period
In the year-to-date period, TGRNX achieves a -0.19% return, which is significantly higher than SPUBX's -0.96% return.
TGRNX
- 1D
- -0.22%
- 1M
- -1.10%
- 6M
- -0.44%
- YTD
- -0.19%
- 1Y
- 2.15%
- 3Y*
- 4.47%
- 5Y*
- -0.10%
- 10Y*
- —
- ALL TIME*
- 2.41%
SPUBX
- 1D
- -0.64%
- 1M
- -1.48%
- 6M
- -1.07%
- YTD
- -0.96%
- 1Y
- 1.56%
- 3Y*
- 3.73%
- 5Y*
- 0.23%
- 10Y*
- —
- ALL TIME*
- 1.76%
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 |
TGRNX vs. SPUBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TGRNX TIAA-CREF Green Bond Fund | -0.19% | 6.76% | 3.08% | 5.73% | -13.43% | -0.60% | 8.57% | 9.15% | 1.43% |
SPUBX Symmetry Panoramic US Fixed Income Fund | -0.96% | 7.23% | 1.15% | 5.32% | -9.45% | -1.72% | 5.63% | 5.91% | 1.46% |
Correlation
The correlation between TGRNX and SPUBX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.86 |
The correlation between TGRNX and SPUBX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
TGRNX vs. SPUBX — Risk / Return Rank
TGRNX
SPUBX
TGRNX vs. SPUBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Green Bond Fund (TGRNX) and Symmetry Panoramic US Fixed Income Fund (SPUBX). 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.
| TGRNX | SPUBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.87 | +0.23 |
| Martin ratioReturn relative to average drawdown | 3.23 | 2.15 | +1.08 |
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Drawdowns
TGRNX vs. SPUBX - Drawdown Comparison
The maximum TGRNX drawdown since its inception was -17.85%, which is greater than SPUBX's maximum drawdown of -13.72%. Use the drawdown chart below to compare losses from any high point for TGRNX and SPUBX.
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Drawdown Indicators
| TGRNX | SPUBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.85% | -13.72% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.78% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -3.36% | -4.86% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -13.17% | -4.53% |
Current DrawdownCurrent decline from peak | -1.63% | -2.72% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -3.84% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.13% | -0.29% |
Volatility
TGRNX vs. SPUBX - Volatility Comparison
The current volatility for TIAA-CREF Green Bond Fund (TGRNX) is 0.82%, while Symmetry Panoramic US Fixed Income Fund (SPUBX) has a volatility of 1.12%. This indicates that TGRNX experiences smaller price fluctuations and is considered to be less risky than SPUBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGRNX | SPUBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.12% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 2.93% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 3.73% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 4.78% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 4.14% | +0.64% |
TGRNX vs. SPUBX - Expense Ratio Comparison
Both TGRNX and SPUBX have an expense ratio of 0.45%.
Dividends
TGRNX vs. SPUBX - Dividend Comparison
TGRNX's dividend yield for the trailing twelve months is around 3.96%, which matches SPUBX's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPUBX Symmetry Panoramic US Fixed Income Fund | 4.00% | 4.31% | 4.57% | 2.52% | 1.61% | 1.16% | 1.82% | 2.14% | 0.16% |
TGRNX TIAA-CREF Green Bond Fund | 3.96% | 4.31% | 4.48% | 3.30% | 2.69% | 2.76% | 4.20% | 4.38% | 0.43% |
Frequently Asked Questions
TGRNX and SPUBX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPUBX has higher volatility (1.12%) compared to TGRNX (0.82%). In terms of maximum drawdown, TGRNX dropped -17.85% vs SPUBX's -13.72%.
TGRNX currently has the higher Sharpe Ratio (0.89 vs 0.65), 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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