TIBWX vs. TCIEX
Compare and contrast key facts about TIAA-CREF International Bond Fund (TIBWX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX).
TIBWX is managed by TIAA Investments. It was launched on Aug 4, 2016. TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002.
Performance
TIBWX vs. TCIEX - Performance Comparison
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TIBWX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBWX TIAA-CREF International Bond Fund | -1.13% | 4.24% | 4.60% | 9.06% | -11.39% | -2.19% | 4.81% | 9.96% | 0.39% | 5.66% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | -1.90% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 24.59% |
Returns By Period
In the year-to-date period, TIBWX achieves a -1.13% return, which is significantly higher than TCIEX's -1.90% return.
TIBWX
- 1D
- 0.11%
- 1M
- -2.88%
- YTD
- -1.13%
- 6M
- -0.51%
- 1Y
- 2.83%
- 3Y*
- 4.61%
- 5Y*
- 0.90%
- 10Y*
- —
TCIEX
- 1D
- 0.37%
- 1M
- -10.84%
- YTD
- -1.90%
- 6M
- 2.34%
- 1Y
- 19.49%
- 3Y*
- 13.36%
- 5Y*
- 7.86%
- 10Y*
- 8.58%
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TIBWX vs. TCIEX - Expense Ratio Comparison
TIBWX has a 0.59% expense ratio, which is higher than TCIEX's 0.05% expense ratio.
Return for Risk
TIBWX vs. TCIEX — Risk / Return Rank
TIBWX
TCIEX
TIBWX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF International Bond Fund (TIBWX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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.
| TIBWX | TCIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.09 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.53 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.48 | -0.46 |
Martin ratioReturn relative to average drawdown | 5.28 | 5.82 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIBWX | TCIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.09 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.50 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.38 | +0.35 |
Correlation
The correlation between TIBWX and TCIEX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TIBWX vs. TCIEX - Dividend Comparison
TIBWX's dividend yield for the trailing twelve months is around 1.55%, less than TCIEX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBWX TIAA-CREF International Bond Fund | 1.55% | 1.53% | 1.95% | 0.24% | 11.88% | 2.03% | 2.75% | 5.40% | 3.93% | 1.47% | 0.00% | 0.00% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.97% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
Drawdowns
TIBWX vs. TCIEX - Drawdown Comparison
The maximum TIBWX drawdown since its inception was -16.47%, smaller than the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for TIBWX and TCIEX.
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Drawdown Indicators
| TIBWX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.47% | -59.27% | +42.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -11.35% | +8.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.06% | -29.25% | +13.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.58% | — |
Current DrawdownCurrent decline from peak | -2.88% | -10.86% | +7.98% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -10.64% | +7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 3.03% | -2.45% |
Volatility
TIBWX vs. TCIEX - Volatility Comparison
The current volatility for TIAA-CREF International Bond Fund (TIBWX) is 1.27%, while TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a volatility of 7.10%. This indicates that TIBWX experiences smaller price fluctuations and is considered to be less risky than TCIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBWX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 7.10% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 10.83% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 16.97% | -14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 15.89% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 16.56% | -13.25% |