TIBDX vs. TIREX
TIBDX (TIAA-CREF Core Bond Fund) and TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) are both mutual funds - TIBDX is a Intermediate Core-Plus Bond fund managed by TIAA Investments, while TIREX is a REIT fund managed by TIAA Investments. Over the past 10 years, TIBDX returned 1.91%/yr vs 6.65%/yr for TIREX. At a 0.02 correlation, their price movements are largely independent. TIBDX charges 0.29%/yr vs 0.47%/yr for TIREX.
Performance
TIBDX vs. TIREX - Performance Comparison
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Returns By Period
In the year-to-date period, TIBDX achieves a 0.34% return, which is significantly lower than TIREX's 11.68% return. Over the past 10 years, TIBDX has underperformed TIREX with an annualized return of 1.91%, while TIREX has yielded a comparatively higher 6.65% annualized 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%
TIREX
- 1D
- 1.23%
- 1M
- -0.60%
- YTD
- 11.68%
- 6M
- 11.86%
- 1Y
- 11.63%
- 3Y*
- 10.97%
- 5Y*
- 1.89%
- 10Y*
- 6.65%
TIBDX vs. TIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | 0.34% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 11.68% | 2.10% | 5.30% | 12.16% | -28.74% | 39.39% | 1.29% | 31.09% | -4.06% | 11.73% |
Correlation
The correlation between TIBDX and TIREX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | 0.02 |
Over the past year, TIBDX and TIREX have become more correlated (0.35) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
TIBDX vs. TIREX — Risk / Return Rank
TIBDX
TIREX
TIBDX vs. TIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Bond Fund (TIBDX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). 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 | TIREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.54 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.09 | 5.21 | -0.11 |
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Drawdowns
TIBDX vs. TIREX - Drawdown Comparison
The maximum TIBDX drawdown since its inception was -18.82%, smaller than the maximum TIREX drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for TIBDX and TIREX.
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Drawdown Indicators
| TIBDX | TIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -74.18% | +55.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -8.55% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.29% | -17.95% | +11.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -35.67% | +16.85% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -39.26% | +20.44% |
Current DrawdownCurrent decline from peak | -1.54% | -4.03% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -13.46% | +11.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.52% | -1.51% |
Volatility
TIBDX vs. TIREX - Volatility Comparison
The current volatility for TIAA-CREF Core Bond Fund (TIBDX) is 1.10%, while TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a volatility of 5.04%. This indicates that TIBDX experiences smaller price fluctuations and is considered to be less risky than TIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBDX | TIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 5.04% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 10.29% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 13.60% | -9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 18.87% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 20.18% | -15.44% |
TIBDX vs. TIREX - Expense Ratio Comparison
TIBDX has a 0.29% expense ratio, which is lower than TIREX's 0.47% expense ratio.
Dividends
TIBDX vs. TIREX - Dividend Comparison
TIBDX's dividend yield for the trailing twelve months is around 4.46%, more than TIREX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.46% | 3.56% | 3.08% | 2.71% | 5.13% | 3.07% | 1.80% | 6.18% | 3.54% | 7.20% | 4.16% | 5.65% |
Frequently Asked Questions
TIBDX and TIREX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIREX has higher volatility (5.04%) compared to TIBDX (1.10%). In terms of maximum drawdown, TIBDX dropped -18.82% vs TIREX's -74.18%.
TIBDX currently has the higher Sharpe Ratio (1.33 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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