TIEIX vs. SCHD
Compare and contrast key facts about TIAA-CREF Equity Index Fund (TIEIX) and Schwab US Dividend Equity ETF (SCHD).
TIEIX is managed by TIAA Investments. It was launched on Jul 1, 1999. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIEIX or SCHD.
Key characteristics
| TIEIX | SCHD | |
|---|---|---|
| YTD Return | 26.17% | 17.07% |
| 1Y Return | 38.29% | 29.98% |
| 3Y Return (Ann) | 8.88% | 6.85% |
| 5Y Return (Ann) | 15.37% | 12.79% |
| 10Y Return (Ann) | 12.90% | 11.62% |
| Sharpe Ratio | 2.92 | 2.64 |
| Sortino Ratio | 3.73 | 3.81 |
| Omega Ratio | 1.57 | 1.47 |
| Calmar Ratio | 4.47 | 2.92 |
| Martin Ratio | 19.81 | 14.57 |
| Ulcer Index | 1.93% | 2.04% |
| Daily Std Dev | 13.10% | 11.26% |
| Max Drawdown | -55.55% | -33.37% |
| Current Drawdown | -0.40% | -0.86% |
Correlation
The correlation between TIEIX and SCHD is 0.85, 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. SCHD - Performance Comparison
In the year-to-date period, TIEIX achieves a 26.17% return, which is significantly higher than SCHD's 17.07% return. Over the past 10 years, TIEIX has outperformed SCHD with an annualized return of 12.90%, while SCHD has yielded a comparatively lower 11.62% 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. SCHD - Expense Ratio Comparison
TIEIX has a 0.05% expense ratio, which is lower than SCHD's 0.06% 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. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Equity Index Fund (TIEIX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
TIEIX's dividend yield for the trailing twelve months is around 1.17%, less than SCHD's 3.38% 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% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
TIEIX vs. SCHD - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -55.55%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for TIEIX and SCHD. For additional features, visit the drawdowns tool.
Volatility
TIEIX vs. SCHD - Volatility Comparison
TIAA-CREF Equity Index Fund (TIEIX) has a higher volatility of 4.01% compared to Schwab US Dividend Equity ETF (SCHD) at 3.51%. This indicates that TIEIX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.