TIEIX vs. VIGIX
Compare and contrast key facts about TIAA-CREF Equity Index Fund (TIEIX) and Vanguard Growth Index Fund Institutional Shares (VIGIX).
TIEIX is managed by TIAA Investments. It was launched on Jul 1, 1999. VIGIX is managed by Vanguard. It was launched on May 14, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIEIX or VIGIX.
Performance
TIEIX vs. VIGIX - Performance Comparison
Returns By Period
In the year-to-date period, TIEIX achieves a 25.63% return, which is significantly lower than VIGIX's 30.43% return. Over the past 10 years, TIEIX has underperformed VIGIX with an annualized return of 12.68%, while VIGIX has yielded a comparatively higher 15.50% annualized return.
TIEIX
25.63%
2.60%
14.29%
32.89%
15.14%
12.68%
VIGIX
30.43%
2.57%
15.03%
35.86%
19.10%
15.50%
Key characteristics
| TIEIX | VIGIX | |
|---|---|---|
| Sharpe Ratio | 2.57 | 2.15 |
| Sortino Ratio | 3.30 | 2.78 |
| Omega Ratio | 1.50 | 1.40 |
| Calmar Ratio | 3.92 | 2.82 |
| Martin Ratio | 17.23 | 11.10 |
| Ulcer Index | 1.95% | 3.29% |
| Daily Std Dev | 13.03% | 17.01% |
| Max Drawdown | -55.55% | -57.17% |
| Current Drawdown | -0.82% | -1.20% |
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TIEIX vs. VIGIX - Expense Ratio Comparison
TIEIX has a 0.05% expense ratio, which is higher than VIGIX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between TIEIX and VIGIX is 0.95, 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.
Risk-Adjusted Performance
TIEIX vs. VIGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Equity Index Fund (TIEIX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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. VIGIX - Dividend Comparison
TIEIX's dividend yield for the trailing twelve months is around 1.17%, more than VIGIX's 0.49% 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% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.49% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% | 1.22% | 1.20% |
Drawdowns
TIEIX vs. VIGIX - Drawdown Comparison
The maximum TIEIX drawdown since its inception was -55.55%, roughly equal to the maximum VIGIX drawdown of -57.17%. Use the drawdown chart below to compare losses from any high point for TIEIX and VIGIX. For additional features, visit the drawdowns tool.
Volatility
TIEIX vs. VIGIX - Volatility Comparison
The current volatility for TIAA-CREF Equity Index Fund (TIEIX) is 4.15%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 5.24%. This indicates that TIEIX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.