TIBDX vs. FCBYX
TIBDX (TIAA-CREF Core Bond Fund) and FCBYX (Nuveen Strategic Income Fund) are both mutual funds - TIBDX is a Intermediate Core-Plus Bond fund managed by TIAA, while FCBYX is a Multisector Bonds fund managed by Nuveen. Over the past 10 years, TIBDX returned 1.71%/yr vs 3.92%/yr for FCBYX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. TIBDX charges 0.29%/yr vs 0.59%/yr for FCBYX.
Performance
TIBDX vs. FCBYX - Performance Comparison
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Returns By Period
In the year-to-date period, TIBDX achieves a -0.38% return, which is significantly lower than FCBYX's 0.60% return. Over the past 10 years, TIBDX has underperformed FCBYX with an annualized return of 1.71%, while FCBYX has yielded a comparatively higher 3.92% annualized return.
TIBDX
- 1D
- 0.00%
- 1M
- -1.31%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 2.45%
- 3Y*
- 3.85%
- 5Y*
- -0.32%
- 10Y*
- 1.71%
- ALL TIME*
- 3.93%
FCBYX
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 0.13%
- YTD
- 0.60%
- 1Y
- 4.01%
- 3Y*
- 6.70%
- 5Y*
- 2.62%
- 10Y*
- 3.92%
- ALL TIME*
- 4.95%
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. FCBYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | -0.38% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
FCBYX Nuveen Strategic Income Fund | 0.60% | 8.55% | 6.86% | 9.14% | -10.36% | 1.47% | 8.45% | 13.18% | -3.07% | 5.54% |
Correlation
The correlation between TIBDX and FCBYX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000 | 0.75 |
The correlation between TIBDX and FCBYX shifts across timeframes, from 0.75 (all time) to 0.90 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIBDX vs. FCBYX — Risk / Return Rank
TIBDX
FCBYX
TIBDX vs. FCBYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Bond Fund (TIBDX) and Nuveen Strategic Income Fund (FCBYX). 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 | FCBYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.11 | -0.89 |
| Martin ratioReturn relative to average drawdown | 3.25 | 6.86 | -3.61 |
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Drawdowns
TIBDX vs. FCBYX - Drawdown Comparison
The maximum TIBDX drawdown since its inception was -18.82%, smaller than the maximum FCBYX drawdown of -24.49%. Use the drawdown chart below to compare losses from any high point for TIBDX and FCBYX.
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Drawdown Indicators
| TIBDX | FCBYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -24.49% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.39% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -4.16% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -15.74% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -15.93% | -2.89% |
Current DrawdownCurrent decline from peak | -2.25% | -0.93% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -2.39% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.73% | +0.39% |
Volatility
TIBDX vs. FCBYX - Volatility Comparison
TIAA-CREF Core Bond Fund (TIBDX) has a higher volatility of 0.88% compared to Nuveen Strategic Income Fund (FCBYX) at 0.54%. This indicates that TIBDX's price experiences larger fluctuations and is considered to be riskier than FCBYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBDX | FCBYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.54% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 2.10% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 2.73% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 4.14% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.19% | +0.55% |
TIBDX vs. FCBYX - Expense Ratio Comparison
TIBDX has a 0.29% expense ratio, which is lower than FCBYX's 0.59% expense ratio.
Dividends
TIBDX vs. FCBYX - Dividend Comparison
TIBDX's dividend yield for the trailing twelve months is around 4.15%, less than FCBYX's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 4.81% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
TIBDX TIAA-CREF Core Bond Fund | 4.15% | 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 0.90, TIBDX and FCBYX 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.
TIBDX has higher volatility (0.88%) compared to FCBYX (0.54%). In terms of maximum drawdown, TIBDX dropped -18.82% vs FCBYX's -24.49%.
FCBYX currently has the higher Sharpe Ratio (1.85 vs 0.97), 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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