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:
0.29
SPY:
0.30
TIEIX:
0.49
SPY:
0.56
TIEIX:
1.07
SPY:
1.08
TIEIX:
0.26
SPY:
0.31
TIEIX:
1.11
SPY:
1.40
TIEIX:
4.51%
SPY:
4.18%
TIEIX:
17.30%
SPY:
19.64%
TIEIX:
-56.33%
SPY:
-55.19%
TIEIX:
-14.26%
SPY:
-13.86%
Returns By Period
The year-to-date returns for both investments are quite close, with TIEIX having a -10.24% return and SPY slightly higher at -9.91%. Over the past 10 years, TIEIX has underperformed SPY with an annualized return of 10.50%, while SPY has yielded a comparatively higher 11.59% annualized return.
TIEIX
-10.24%
-7.02%
-9.99%
5.85%
14.02%
10.50%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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 Rank
TIEIX
SPY
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's dividend yield for the trailing twelve months is around 1.45%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIEIX TIAA-CREF Equity Index Fund | 1.45% | 1.30% | 1.47% | 1.58% | 1.21% | 1.44% | 1.79% | 2.04% | 1.70% | 1.98% | 2.07% | 1.82% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TIEIX vs. SPY - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -56.33%, 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
The current volatility for TIAA-CREF Equity Index Fund (TIEIX) is 10.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that TIEIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.