TIBDX vs. FIWGX
TIBDX (TIAA-CREF Core Bond Fund) and FIWGX (Strategic Advisers Fidelity Core Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, TIBDX returned 0.09%/yr vs 0.25%/yr for FIWGX. Their correlation of 0.93 suggests significant overlap in exposure. TIBDX charges 0.29%/yr vs 0.46%/yr for FIWGX.
Performance
TIBDX vs. FIWGX - Performance Comparison
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Returns By Period
In the year-to-date period, TIBDX achieves a 0.34% return, which is significantly higher than FIWGX's -0.05% return.
TIBDX
- 1D
- -0.33%
- 1M
- 0.60%
- YTD
- 0.34%
- 6M
- 0.71%
- 1Y
- 4.87%
- 3Y*
- 4.18%
- 5Y*
- 0.09%
- 10Y*
- 1.91%
FIWGX
- 1D
- -0.22%
- 1M
- 0.78%
- YTD
- -0.05%
- 6M
- 0.49%
- 1Y
- 3.93%
- 3Y*
- 4.20%
- 5Y*
- 0.25%
- 10Y*
- —
TIBDX vs. FIWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | 0.34% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | 2.16% |
FIWGX Strategic Advisers Fidelity Core Income Fund | -0.05% | 6.90% | 2.14% | 6.51% | -13.71% | -0.37% | 10.21% | 9.39% | 1.28% |
Correlation
The correlation between TIBDX and FIWGX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018 | 0.93 |
The correlation between TIBDX and FIWGX shifts across timeframes, from 0.78 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIBDX vs. FIWGX — Risk / Return Rank
TIBDX
FIWGX
TIBDX vs. FIWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Bond Fund (TIBDX) and Strategic Advisers Fidelity Core Income Fund (FIWGX). 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 | FIWGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.94 | -0.22 |
| Martin ratioReturn relative to average drawdown | 5.09 | 5.50 | -0.40 |
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Drawdowns
TIBDX vs. FIWGX - Drawdown Comparison
The maximum TIBDX drawdown since its inception was -18.82%, roughly equal to the maximum FIWGX drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for TIBDX and FIWGX.
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Drawdown Indicators
| TIBDX | FIWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -18.42% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.52% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.29% | -6.24% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -18.42% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.22% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -5.00% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.91% | +0.10% |
Volatility
TIBDX vs. FIWGX - Volatility Comparison
TIAA-CREF Core Bond Fund (TIBDX) and Strategic Advisers Fidelity Core Income Fund (FIWGX) have volatilities of 1.10% and 1.13%, 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 | FIWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.13% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.79% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.05% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 6.10% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 5.50% | -0.76% |
TIBDX vs. FIWGX - Expense Ratio Comparison
TIBDX has a 0.29% expense ratio, which is lower than FIWGX's 0.46% expense ratio.
Dividends
TIBDX vs. FIWGX - Dividend Comparison
TIBDX's dividend yield for the trailing twelve months is around 4.46%, more than FIWGX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | 3.44% | 3.68% | 4.36% | 3.79% | 2.24% | 1.77% | 6.83% | 4.30% | 0.57% | 0.00% | 0.00% | 0.00% |
TIBDX TIAA-CREF Core Bond Fund | 4.46% | 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
TIBDX and FIWGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIWGX has higher volatility (1.13%) compared to TIBDX (1.10%). In terms of maximum drawdown, TIBDX dropped -18.82% vs FIWGX's -18.42%.
TIBDX currently has the higher Sharpe Ratio (1.33 vs 1.21), 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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