TIBFX vs. BND
TIBFX (TIAA-CREF Core Plus Bond Fund Institutional Class) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 10 years, TIBFX returned 2.26%/yr vs 1.56%/yr for BND. Their correlation of 0.84 suggests significant overlap in exposure. TIBFX charges 0.30%/yr vs 0.03%/yr for BND.
Performance
TIBFX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, TIBFX achieves a 0.58% return, which is significantly higher than BND's 0.49% return. Over the past 10 years, TIBFX has outperformed BND with an annualized return of 2.26%, while BND has yielded a comparatively lower 1.56% annualized return.
TIBFX
- 1D
- -0.22%
- 1M
- 0.74%
- YTD
- 0.58%
- 6M
- 0.97%
- 1Y
- 5.03%
- 3Y*
- 4.67%
- 5Y*
- 0.40%
- 10Y*
- 2.26%
BND
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.49%
- 6M
- 0.57%
- 1Y
- 4.23%
- 3Y*
- 3.96%
- 5Y*
- 0.05%
- 10Y*
- 1.56%
TIBFX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBFX TIAA-CREF Core Plus Bond Fund Institutional Class | 0.58% | 7.36% | 2.34% | 6.66% | -13.84% | -0.32% | 8.22% | 9.71% | -0.53% | 4.83% |
BND Vanguard Total Bond Market ETF | 0.49% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between TIBFX and BND is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.84 |
The correlation between TIBFX and BND has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
TIBFX vs. BND — Risk / Return Rank
TIBFX
BND
TIBFX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Plus Bond Fund Institutional Class (TIBFX) and Vanguard Total Bond Market ETF (BND). 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.
| TIBFX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.59 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.65 | 4.52 | +1.13 |
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Drawdowns
TIBFX vs. BND - Drawdown Comparison
The maximum TIBFX drawdown since its inception was -18.92%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for TIBFX and BND.
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Drawdown Indicators
| TIBFX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.92% | -18.58% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.68% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.67% | -5.92% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -17.91% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -18.92% | -18.58% | -0.34% |
Current DrawdownCurrent decline from peak | -1.25% | -2.15% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -3.06% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.94% | -0.01% |
Volatility
TIBFX vs. BND - Volatility Comparison
TIAA-CREF Core Plus Bond Fund Institutional Class (TIBFX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.08% and 1.08%, 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
| TIBFX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.08% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.77% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.74% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 6.03% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 5.53% | -0.95% |
TIBFX vs. BND - Expense Ratio Comparison
TIBFX has a 0.30% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
TIBFX vs. BND - Dividend Comparison
TIBFX's dividend yield for the trailing twelve months is around 4.72%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
TIBFX TIAA-CREF Core Plus Bond Fund Institutional Class | 4.72% | 4.55% | 3.87% | 3.84% | 2.85% | 3.76% | 3.71% | 3.24% | 3.08% | 3.16% | 4.14% | 3.95% |
Frequently Asked Questions
TIBFX and BND have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.08%) compared to TIBFX (1.08%). In terms of maximum drawdown, TIBFX dropped -18.92% vs BND's -18.58%.
TIBFX currently has the higher Sharpe Ratio (1.44 vs 1.14), 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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