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.
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.
Performance
TIEIX vs. QQQ - Performance Comparison
Key characteristics
TIEIX:
1.61
QQQ:
1.30
TIEIX:
2.18
QQQ:
1.78
TIEIX:
1.30
QQQ:
1.24
TIEIX:
2.47
QQQ:
1.76
TIEIX:
9.55
QQQ:
6.08
TIEIX:
2.21%
QQQ:
3.92%
TIEIX:
13.13%
QQQ:
18.35%
TIEIX:
-56.33%
QQQ:
-82.98%
TIEIX:
-2.40%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, TIEIX achieves a 2.17% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, TIEIX has underperformed QQQ with an annualized return of 11.94%, while QQQ has yielded a comparatively higher 18.10% annualized return.
TIEIX
2.17%
-2.08%
6.92%
18.64%
13.97%
11.94%
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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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%.
Risk-Adjusted Performance
TIEIX vs. QQQ — Risk-Adjusted Performance Rank
TIEIX
QQQ
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 1.28%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIEIX TIAA-CREF Equity Index Fund | 1.28% | 1.30% | 1.47% | 1.58% | 1.21% | 1.44% | 1.79% | 2.04% | 1.70% | 1.98% | 2.07% | 1.82% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
TIEIX vs. QQQ - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -56.33%, 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 3.52%, while Invesco QQQ (QQQ) has a volatility of 5.02%. 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.