TIBDX vs. CTRIX
TIBDX (TIAA-CREF Core Bond Fund) and CTRIX (Calamos Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, TIBDX returned 1.70%/yr vs 1.27%/yr for CTRIX. Their correlation of 0.87 means they have usually moved in the same direction. TIBDX charges 0.29%/yr vs 0.65%/yr for CTRIX.
Performance
TIBDX vs. CTRIX - Performance Comparison
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Returns By Period
In the year-to-date period, TIBDX achieves a -0.60% return, which is significantly higher than CTRIX's -1.19% return. Over the past 10 years, TIBDX has outperformed CTRIX with an annualized return of 1.70%, while CTRIX has yielded a comparatively lower 1.27% annualized return.
TIBDX
- 1D
- -0.22%
- 1M
- -1.53%
- 6M
- -0.74%
- YTD
- -0.60%
- 1Y
- 2.22%
- 3Y*
- 3.97%
- 5Y*
- -0.36%
- 10Y*
- 1.70%
- ALL TIME*
- 3.92%
CTRIX
- 1D
- -0.22%
- 1M
- -1.44%
- 6M
- -1.26%
- YTD
- -1.19%
- 1Y
- 1.32%
- 3Y*
- 3.50%
- 5Y*
- -0.61%
- 10Y*
- 1.27%
- ALL TIME*
- 2.02%
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 |
TIBDX vs. CTRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | -0.60% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
CTRIX Calamos Total Return Bond Fund | -1.19% | 7.31% | 1.49% | 4.78% | -12.91% | -1.27% | 6.97% | 9.24% | -1.10% | 3.32% |
Correlation
The correlation between TIBDX and CTRIX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.87 |
The correlation between TIBDX and CTRIX has been stable across timeframes, ranging from 0.87 to 0.97 - a consistent structural relationship.
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Return for Risk
TIBDX vs. CTRIX — Risk / Return Rank
TIBDX
CTRIX
TIBDX vs. CTRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Bond Fund (TIBDX) and Calamos Total Return Bond Fund (CTRIX). 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.
| TIBDX | CTRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.10 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.76 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.58 | 1.89 | +0.69 |
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Drawdowns
TIBDX vs. CTRIX - Drawdown Comparison
The maximum TIBDX drawdown since its inception was -18.82%, which is greater than CTRIX's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for TIBDX and CTRIX.
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Drawdown Indicators
| TIBDX | CTRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -17.84% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.79% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -5.35% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -17.76% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -17.84% | -0.98% |
Current DrawdownCurrent decline from peak | -2.46% | -3.18% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.03% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.12% | +0.01% |
Volatility
TIBDX vs. CTRIX - Volatility Comparison
TIAA-CREF Core Bond Fund (TIBDX) and Calamos Total Return Bond Fund (CTRIX) have volatilities of 0.88% and 0.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBDX | CTRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.89% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.93% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.69% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 5.55% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.60% | +0.14% |
TIBDX vs. CTRIX - Expense Ratio Comparison
TIBDX has a 0.29% expense ratio, which is lower than CTRIX's 0.65% expense ratio.
Dividends
TIBDX vs. CTRIX - Dividend Comparison
TIBDX's dividend yield for the trailing twelve months is around 4.16%, more than CTRIX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTRIX Calamos Total Return Bond Fund | 3.27% | 3.90% | 3.63% | 2.61% | 2.71% | 3.46% | 2.42% | 2.79% | 2.89% | 3.29% | 2.76% | 4.68% |
TIBDX TIAA-CREF Core Bond Fund | 4.16% | 4.34% | 3.60% | 3.22% | 2.44% | 2.39% | 4.45% | 3.09% | 2.88% | 2.93% | 3.80% | 4.68% |
Frequently Asked Questions
With a correlation of 0.93, TIBDX and CTRIX 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.
CTRIX has higher volatility (0.89%) compared to TIBDX (0.88%). In terms of maximum drawdown, TIBDX dropped -18.82% vs CTRIX's -17.84%.
TIBDX currently has the higher Sharpe Ratio (0.78 vs 0.57), 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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