TIIEX vs. MIEIX
Compare and contrast key facts about TIAA-CREF International Equity Fund (TIIEX) and MFS International Equity Fund Class R6 (MIEIX).
TIIEX is managed by TIAA Investments. It was launched on Jul 1, 1999. MIEIX is managed by MFS. It was launched on Jan 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIIEX or MIEIX.
Key characteristics
| TIIEX | MIEIX | |
|---|---|---|
| YTD Return | 7.85% | 8.11% |
| 1Y Return | 17.83% | 18.55% |
| 3Y Return (Ann) | 0.59% | 2.86% |
| 5Y Return (Ann) | 6.76% | 7.80% |
| 10Y Return (Ann) | 5.16% | 7.54% |
| Sharpe Ratio | 1.23 | 1.62 |
| Sortino Ratio | 1.72 | 2.32 |
| Omega Ratio | 1.23 | 1.28 |
| Calmar Ratio | 1.26 | 2.25 |
| Martin Ratio | 6.94 | 8.41 |
| Ulcer Index | 2.53% | 2.24% |
| Daily Std Dev | 14.29% | 11.64% |
| Max Drawdown | -67.55% | -50.56% |
| Current Drawdown | -4.76% | -5.49% |
Correlation
The correlation between TIIEX and MIEIX is 0.90, 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
TIIEX vs. MIEIX - Performance Comparison
The year-to-date returns for both investments are quite close, with TIIEX having a 7.85% return and MIEIX slightly higher at 8.11%. Over the past 10 years, TIIEX has underperformed MIEIX with an annualized return of 5.16%, while MIEIX has yielded a comparatively higher 7.54% 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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TIIEX vs. MIEIX - Expense Ratio Comparison
TIIEX has a 0.46% expense ratio, which is lower than MIEIX's 0.68% expense ratio.
Risk-Adjusted Performance
TIIEX vs. MIEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF International Equity Fund (TIIEX) and MFS International Equity Fund Class R6 (MIEIX). 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
TIIEX vs. MIEIX - Dividend Comparison
TIIEX's dividend yield for the trailing twelve months is around 2.47%, more than MIEIX's 1.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIIEX TIAA-CREF International Equity Fund | 2.47% | 2.66% | 2.22% | 2.85% | 1.20% | 1.67% | 2.53% | 1.11% | 1.51% | 1.28% | 1.46% | 1.59% |
MIEIX MFS International Equity Fund Class R6 | 1.55% | 1.67% | 0.86% | 2.06% | 0.79% | 2.26% | 1.48% | 1.85% | 1.78% | 1.65% | 4.89% | 3.04% |
Drawdowns
TIIEX vs. MIEIX - Drawdown Comparison
The maximum TIIEX drawdown since its inception was -67.55%, which is greater than MIEIX's maximum drawdown of -50.56%. Use the drawdown chart below to compare losses from any high point for TIIEX and MIEIX. For additional features, visit the drawdowns tool.
Volatility
TIIEX vs. MIEIX - Volatility Comparison
TIAA-CREF International Equity Fund (TIIEX) has a higher volatility of 3.73% compared to MFS International Equity Fund Class R6 (MIEIX) at 3.49%. This indicates that TIIEX's price experiences larger fluctuations and is considered to be riskier than MIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.