TIBDX vs. PBMPX
TIBDX (TIAA-CREF Core Bond Fund) and PBMPX (Principal Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, TIBDX returned 1.97%/yr vs 1.68%/yr for PBMPX. Their correlation of 0.91 suggests significant overlap in exposure. TIBDX charges 0.29%/yr vs 0.78%/yr for PBMPX.
Performance
TIBDX vs. PBMPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TIBDX achieves a 0.67% return, which is significantly higher than PBMPX's 0.41% return. Over the past 10 years, TIBDX has outperformed PBMPX with an annualized return of 1.97%, while PBMPX has yielded a comparatively lower 1.68% annualized return.
TIBDX
- 1D
- 0.22%
- 1M
- 0.93%
- YTD
- 0.67%
- 6M
- 1.04%
- 1Y
- 5.45%
- 3Y*
- 4.33%
- 5Y*
- 0.10%
- 10Y*
- 1.97%
PBMPX
- 1D
- 0.22%
- 1M
- 0.95%
- YTD
- 0.41%
- 6M
- 0.51%
- 1Y
- 4.70%
- 3Y*
- 3.82%
- 5Y*
- -0.50%
- 10Y*
- 1.68%
TIBDX vs. PBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | 0.67% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
PBMPX Principal Core Plus Bond Fund | 0.41% | 7.15% | 0.71% | 5.23% | -14.62% | -0.84% | 9.33% | 9.64% | -1.93% | 4.66% |
Correlation
The correlation between TIBDX and PBMPX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2000 | 0.91 |
The correlation between TIBDX and PBMPX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TIBDX vs. PBMPX — Risk / Return Rank
TIBDX
PBMPX
TIBDX vs. PBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Bond Fund (TIBDX) and Principal Core Plus Bond Fund (PBMPX). 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 | PBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.53 | +0.31 |
| Martin ratioReturn relative to average drawdown | 5.46 | 4.74 | +0.72 |
Loading charts...
Drawdowns
TIBDX vs. PBMPX - Drawdown Comparison
The maximum TIBDX drawdown since its inception was -18.82%, roughly equal to the maximum PBMPX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for TIBDX and PBMPX.
Loading charts...
Drawdown Indicators
| TIBDX | PBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -19.69% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -3.16% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.29% | -7.04% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -19.48% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -19.48% | +0.66% |
Current DrawdownCurrent decline from peak | -1.22% | -3.66% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.46% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.02% | -0.02% |
Volatility
TIBDX vs. PBMPX - Volatility Comparison
The current volatility for TIAA-CREF Core Bond Fund (TIBDX) is 1.15%, while Principal Core Plus Bond Fund (PBMPX) has a volatility of 1.24%. This indicates that TIBDX experiences smaller price fluctuations and is considered to be less risky than PBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIBDX | PBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.24% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.10% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.97% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 5.89% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.83% | -0.09% |
TIBDX vs. PBMPX - Expense Ratio Comparison
TIBDX has a 0.29% expense ratio, which is lower than PBMPX's 0.78% expense ratio.
Dividends
TIBDX vs. PBMPX - Dividend Comparison
TIBDX's dividend yield for the trailing twelve months is around 4.45%, more than PBMPX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBMPX Principal Core Plus Bond Fund | 4.19% | 4.42% | 4.10% | 3.04% | 2.06% | 3.12% | 7.16% | 3.44% | 3.36% | 2.78% | 2.30% | 2.21% |
TIBDX TIAA-CREF Core Bond Fund | 4.45% | 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 PBMPX 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.
PBMPX has higher volatility (1.24%) compared to TIBDX (1.15%). In terms of maximum drawdown, TIBDX dropped -18.82% vs PBMPX's -19.69%.
TIBDX currently has the higher Sharpe Ratio (1.42 vs 1.22), 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.
Find the right allocation for TIBDX and PBMPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer