TIEIX vs. SPY
Compare and contrast key facts about TIAA-CREF Equity Index Fund (TIEIX) and SPDR S&P 500 ETF (SPY).
TIEIX is managed by TIAA Investments. It was launched on Jul 1, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIEIX or SPY.
Correlation
The correlation between TIEIX and SPY is 0.98, 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. SPY - Performance Comparison
Key characteristics
TIEIX:
1.82
SPY:
2.21
TIEIX:
2.35
SPY:
2.93
TIEIX:
1.35
SPY:
1.41
TIEIX:
2.83
SPY:
3.26
TIEIX:
11.66
SPY:
14.40
TIEIX:
2.08%
SPY:
1.90%
TIEIX:
13.36%
SPY:
12.44%
TIEIX:
-55.55%
SPY:
-55.19%
TIEIX:
-4.04%
SPY:
-1.83%
Returns By Period
In the year-to-date period, TIEIX achieves a 23.58% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, TIEIX has underperformed SPY with an annualized return of 12.38%, while SPY has yielded a comparatively higher 13.04% annualized return.
TIEIX
23.58%
-2.16%
9.16%
23.91%
13.88%
12.38%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TIEIX vs. SPY - Expense Ratio Comparison
TIEIX has a 0.05% expense ratio, which is lower than SPY's 0.09% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Equity Index Fund (TIEIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
TIEIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIEIX TIAA-CREF Equity Index Fund | 0.00% | 1.47% | 1.58% | 1.21% | 1.44% | 1.79% | 2.04% | 1.70% | 1.98% | 2.07% | 1.82% | 1.69% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TIEIX vs. SPY - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -55.55%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TIEIX and SPY. For additional features, visit the drawdowns tool.
Volatility
TIEIX vs. SPY - Volatility Comparison
TIAA-CREF Equity Index Fund (TIEIX) has a higher volatility of 4.42% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that TIEIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.