TIBDX vs. FCBYX
Compare and contrast key facts about TIAA-CREF Core Bond Fund (TIBDX) and Nuveen Strategic Income Fund (FCBYX).
TIBDX is managed by TIAA Investments. It was launched on Jul 1, 1999. FCBYX is managed by Nuveen. It was launched on Jan 31, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIBDX or FCBYX.
Correlation
The correlation between TIBDX and FCBYX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TIBDX vs. FCBYX - Performance Comparison
Key characteristics
TIBDX:
0.45
FCBYX:
1.84
TIBDX:
0.67
FCBYX:
2.79
TIBDX:
1.08
FCBYX:
1.34
TIBDX:
0.19
FCBYX:
1.80
TIBDX:
1.40
FCBYX:
8.27
TIBDX:
1.71%
FCBYX:
0.86%
TIBDX:
5.28%
FCBYX:
3.88%
TIBDX:
-19.54%
FCBYX:
-25.72%
TIBDX:
-8.31%
FCBYX:
-1.59%
Returns By Period
In the year-to-date period, TIBDX achieves a 2.05% return, which is significantly lower than FCBYX's 6.37% return. Over the past 10 years, TIBDX has underperformed FCBYX with an annualized return of 1.47%, while FCBYX has yielded a comparatively higher 3.39% annualized return.
TIBDX
2.05%
-0.55%
1.35%
2.62%
-0.27%
1.47%
FCBYX
6.37%
0.25%
3.30%
7.14%
2.75%
3.39%
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TIBDX vs. FCBYX - Expense Ratio Comparison
TIBDX has a 0.29% expense ratio, which is lower than FCBYX's 0.59% expense ratio.
Risk-Adjusted Performance
TIBDX vs. FCBYX - Risk-Adjusted Performance 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.
Dividends
TIBDX vs. FCBYX - Dividend Comparison
TIBDX's dividend yield for the trailing twelve months is around 3.92%, less than FCBYX's 6.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | 3.92% | 3.88% | 2.99% | 2.00% | 2.43% | 2.89% | 3.15% | 2.86% | 2.86% | 2.66% | 2.32% | 2.47% |
FCBYX Nuveen Strategic Income Fund | 6.38% | 5.59% | 4.47% | 3.09% | 3.58% | 3.70% | 3.92% | 4.94% | 5.34% | 5.54% | 5.19% | 5.00% |
Drawdowns
TIBDX vs. FCBYX - Drawdown Comparison
The maximum TIBDX drawdown since its inception was -19.54%, smaller than the maximum FCBYX drawdown of -25.72%. Use the drawdown chart below to compare losses from any high point for TIBDX and FCBYX. For additional features, visit the drawdowns tool.
Volatility
TIBDX vs. FCBYX - Volatility Comparison
TIAA-CREF Core Bond Fund (TIBDX) has a higher volatility of 1.50% compared to Nuveen Strategic Income Fund (FCBYX) at 1.20%. 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.