TIEIX vs. TEQLX

Last updated Jun 5, 2026

TIEIX (TIAA-CREF Equity Index Fund) and TEQLX (TIAA-CREF Emerging Markets Equity Index Fund) are both mutual funds - TIEIX is a Large Cap Blend Equities fund managed by TIAA Investments, while TEQLX is a Emerging Markets Diversified fund managed by TIAA Investments. Over the past 10 years, TIEIX returned 14.81%/yr vs 10.56%/yr for TEQLX. A 0.69 correlation means they provide meaningful diversification when combined. TIEIX charges 0.05%/yr vs 0.19%/yr for TEQLX.

Performance

TIEIX vs. TEQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Equity Index Fund (TIEIX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIEIX achieves a 10.86% return, which is significantly lower than TEQLX's 29.20% return. Over the past 10 years, TIEIX has outperformed TEQLX with an annualized return of 14.81%, while TEQLX has yielded a comparatively lower 10.56% annualized return.

TIEIX

• 1D: -0.76%
• 1M: 4.00%
• YTD: 10.86%
• 6M: 10.58%
• 1Y: 27.57%
• 3Y*: 21.88%
• 5Y*: 12.68%
• 10Y*: 14.81%

TEQLX

• 1D: -0.71%
• 1M: 8.36%
• YTD: 29.20%
• 6M: 32.06%
• 1Y: 56.15%
• 3Y*: 24.65%
• 5Y*: 7.60%
• 10Y*: 10.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIEIX vs. TEQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIEIX TIAA-CREF Equity Index Fund	10.86%	17.04%	23.71%	25.92%	-19.18%	25.64%	20.82%	30.89%	-5.27%	19.05%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	29.20%	34.10%	6.71%	9.23%	-20.22%	-3.07%	17.67%	18.59%	-14.60%	37.47%

Correlation

The correlation between TIEIX and TEQLX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 1, 2010	0.69

The correlation between TIEIX and TEQLX has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

Return for Risk

TIEIX vs. TEQLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIEIX

TIEIX Risk / Return Rank: 63
TIEIX Sharpe Ratio Rank: 59
TIEIX Sortino Ratio Rank: 55
TIEIX Omega Ratio Rank: 55
TIEIX Calmar Ratio Rank: 67
TIEIX Martin Ratio Rank: 77

TEQLX

TEQLX Risk / Return Rank: 89
TEQLX Sharpe Ratio Rank: 94
TEQLX Sortino Ratio Rank: 85
TEQLX Omega Ratio Rank: 86
TEQLX Calmar Ratio Rank: 88
TEQLX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIEIX vs. TEQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Equity Index Fund (TIEIX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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.

	TIEIX	TEQLX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	3.26	-0.97
Sortino ratio: Return per unit of downside risk	3.13	4.10	-0.97
Omega ratio: Gain probability vs. loss probability	1.41	1.60	-0.19
Calmar ratio: Return relative to maximum drawdown	3.15	4.40	-1.25
Martin ratio: Return relative to average drawdown	14.46	17.41	-2.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIEIX vs. TEQLX - Sharpe Ratio Comparison

The current TIEIX Sharpe Ratio is 2.28, which is comparable to the TEQLX Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of TIEIX and TEQLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIEIX	TEQLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.26	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.45	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.60	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.35	+0.09

Drawdowns

TIEIX vs. TEQLX - Drawdown Comparison

The maximum TIEIX drawdown since its inception was -55.55%, which is greater than TEQLX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for TIEIX and TEQLX.

Drawdown Indicators

	TIEIX	TEQLX	Difference
Max Drawdown Largest peak-to-trough decline	-55.55%	-39.33%	-16.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-13.32%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-19.29%	-15.97%	-3.32%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-37.05%	+11.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.90%	-39.33%	+4.43%
Current Drawdown Current decline from peak	-0.76%	-0.71%	-0.05%
Average Drawdown Average peak-to-trough decline	-10.30%	-14.60%	+4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	3.35%	-1.43%

Volatility

TIEIX vs. TEQLX - Volatility Comparison

The current volatility for TIAA-CREF Equity Index Fund (TIEIX) is 3.06%, while TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) has a volatility of 7.82%. This indicates that TIEIX experiences smaller price fluctuations and is considered to be less risky than TEQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIEIX	TEQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	7.82%	-4.76%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	15.45%	-6.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	17.99%	-5.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	16.98%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	17.68%	+0.72%

TIEIX vs. TEQLX - Expense Ratio Comparison

TIEIX has a 0.05% expense ratio, which is lower than TEQLX's 0.19% 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%.

Dividends

TIEIX vs. TEQLX - Dividend Comparison

TIEIX's dividend yield for the trailing twelve months is around 2.16%, less than TEQLX's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	2.19%	2.83%	2.93%	3.08%	2.51%	2.27%	2.04%	2.77%	2.43%	1.98%	1.88%	2.40%
TIEIX TIAA-CREF Equity Index Fund	2.16%	2.39%	1.63%	1.47%	1.83%	2.08%	1.43%	1.99%	2.45%	0.52%	2.45%	1.27%

Frequently Asked Questions

Can I hold both TIEIX and TEQLX in my portfolio?

TIEIX and TEQLX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIEIX or TEQLX?

TEQLX has higher volatility (7.82%) compared to TIEIX (3.06%). In terms of maximum drawdown, TIEIX dropped -55.55% vs TEQLX's -39.33%.

Which has better risk-adjusted returns?

TEQLX currently has the higher Sharpe Ratio (3.26 vs 2.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.