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.
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
Key characteristics
TIEIX:
0.55
^GSPC:
0.49
TIEIX:
0.83
^GSPC:
0.81
TIEIX:
1.12
^GSPC:
1.12
TIEIX:
0.51
^GSPC:
0.50
TIEIX:
1.96
^GSPC:
2.00
TIEIX:
5.01%
^GSPC:
4.76%
TIEIX:
17.69%
^GSPC:
19.36%
TIEIX:
-56.33%
^GSPC:
-56.78%
TIEIX:
-9.06%
^GSPC:
-8.79%
Returns By Period
The year-to-date returns for both investments are quite close, with TIEIX having a -4.80% return and ^GSPC slightly higher at -4.72%. Over the past 10 years, TIEIX has outperformed ^GSPC with an annualized return of 11.11%, while ^GSPC has yielded a comparatively lower 10.26% annualized return.
TIEIX
-4.80%
-0.48%
-1.89%
11.89%
15.63%
11.11%
^GSPC
-4.72%
-0.51%
-1.78%
11.67%
14.69%
10.26%
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Risk-Adjusted Performance
TIEIX vs. ^GSPC — Risk-Adjusted Performance Rank
TIEIX
^GSPC
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 -56.33%, 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
The current volatility for TIAA-CREF Equity Index Fund (TIEIX) is 11.49%, while S&P 500 (^GSPC) has a volatility of 14.11%. This indicates that TIEIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.