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.
Key characteristics
| TIEIX | QQQ | |
|---|---|---|
| YTD Return | 26.11% | 25.63% |
| 1Y Return | 35.19% | 33.85% |
| 3Y Return (Ann) | 8.85% | 9.83% |
| 5Y Return (Ann) | 15.18% | 21.21% |
| 10Y Return (Ann) | 12.89% | 18.37% |
| Sharpe Ratio | 2.92 | 2.12 |
| Sortino Ratio | 3.73 | 2.79 |
| Omega Ratio | 1.57 | 1.38 |
| Calmar Ratio | 4.47 | 2.71 |
| Martin Ratio | 19.82 | 9.88 |
| Ulcer Index | 1.93% | 3.72% |
| Daily Std Dev | 13.10% | 17.31% |
| Max Drawdown | -55.55% | -82.98% |
| Current Drawdown | -0.45% | -0.37% |
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
The year-to-date returns for both stocks are quite close, with TIEIX having a 26.11% return and QQQ slightly lower at 25.63%. Over the past 10 years, TIEIX has underperformed QQQ with an annualized return of 12.89%, while QQQ has yielded a comparatively higher 18.37% 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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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 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 0.59% 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 | 0.59% | 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 3.93%, while Invesco QQQ (QQQ) has a volatility of 4.91%. 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.