TIEIX vs. ^GSPC
Compare and contrast key facts about TIAA-CREF Equity Index Fund (TIEIX) and S&P 500 (^GSPC).
TIEIX is managed by TIAA Investments. It was launched on Jul 1, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIEIX or ^GSPC.
Key characteristics
| TIEIX | ^GSPC | |
|---|---|---|
| YTD Return | 26.11% | 25.48% |
| 1Y Return | 35.19% | 33.14% |
| 3Y Return (Ann) | 8.85% | 8.55% |
| 5Y Return (Ann) | 15.18% | 13.96% |
| 10Y Return (Ann) | 12.89% | 11.39% |
| Sharpe Ratio | 2.92 | 2.91 |
| Sortino Ratio | 3.73 | 3.88 |
| Omega Ratio | 1.57 | 1.55 |
| Calmar Ratio | 4.47 | 4.20 |
| Martin Ratio | 19.82 | 18.80 |
| Ulcer Index | 1.93% | 1.90% |
| Daily Std Dev | 13.10% | 12.27% |
| Max Drawdown | -55.55% | -56.78% |
| Current Drawdown | -0.45% | -0.27% |
Correlation
The correlation between TIEIX and ^GSPC is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TIEIX vs. ^GSPC - Performance Comparison
The year-to-date returns for both stocks are quite close, with TIEIX having a 26.11% return and ^GSPC slightly lower at 25.48%. Over the past 10 years, TIEIX has outperformed ^GSPC with an annualized return of 12.89%, while ^GSPC has yielded a comparatively lower 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TIEIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Equity Index Fund (TIEIX) and S&P 500 (^GSPC). 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.
Drawdowns
TIEIX vs. ^GSPC - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -55.55%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TIEIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TIEIX vs. ^GSPC - Volatility Comparison
TIAA-CREF Equity Index Fund (TIEIX) and S&P 500 (^GSPC) have volatilities of 3.93% and 3.75%, 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.