TIEIX vs. QQQ
Compare and contrast key facts about TIAA-CREF Equity Index Fund (TIEIX) and Invesco QQQ (QQQ).
TIEIX is managed by TIAA Investments. It was launched on Jul 1, 1999. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIEIX or QQQ.
Performance
TIEIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, TIEIX achieves a 25.63% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, TIEIX has underperformed QQQ with an annualized return of 12.68%, while QQQ has yielded a comparatively higher 18.03% annualized return.
TIEIX
25.63%
2.60%
14.29%
32.89%
15.14%
12.68%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| TIEIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.57 | 1.78 |
| Sortino Ratio | 3.30 | 2.37 |
| Omega Ratio | 1.50 | 1.32 |
| Calmar Ratio | 3.92 | 2.28 |
| Martin Ratio | 17.23 | 8.27 |
| Ulcer Index | 1.95% | 3.73% |
| Daily Std Dev | 13.03% | 17.37% |
| Max Drawdown | -55.55% | -82.98% |
| Current Drawdown | -0.82% | -1.78% |
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TIEIX vs. QQQ - Expense Ratio Comparison
TIEIX has a 0.05% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between TIEIX and QQQ is 0.88, 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.
Risk-Adjusted Performance
TIEIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Equity Index Fund (TIEIX) and Invesco QQQ (QQQ). 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.
Dividends
TIEIX vs. QQQ - Dividend Comparison
TIEIX's dividend yield for the trailing twelve months is around 1.17%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIEIX TIAA-CREF Equity Index Fund | 1.17% | 1.47% | 1.58% | 1.21% | 1.44% | 1.79% | 2.04% | 1.70% | 1.98% | 2.07% | 1.82% | 1.69% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
TIEIX vs. QQQ - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -55.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TIEIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
TIEIX vs. QQQ - Volatility Comparison
The current volatility for TIAA-CREF Equity Index Fund (TIEIX) is 4.15%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that TIEIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.