TIILX vs. FSPWX
Compare and contrast key facts about TIAA-CREF Inflation-Linked Bond Fund (TIILX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX).
TIILX is managed by TIAA Investments. It was launched on Sep 30, 2002. FSPWX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg U.S. Treasury Inflation Protected Securities Index. It was launched on Aug 16, 2024.
Performance
TIILX vs. FSPWX - Performance Comparison
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TIILX vs. FSPWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TIILX TIAA-CREF Inflation-Linked Bond Fund | 0.56% | 7.09% | -0.36% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 0.50% | 6.76% | -1.32% |
Returns By Period
In the year-to-date period, TIILX achieves a 0.56% return, which is significantly higher than FSPWX's 0.50% return.
TIILX
- 1D
- 0.46%
- 1M
- -0.91%
- YTD
- 0.56%
- 6M
- 0.65%
- 1Y
- 3.64%
- 3Y*
- 4.06%
- 5Y*
- 2.54%
- 10Y*
- 2.85%
FSPWX
- 1D
- 0.70%
- 1M
- -1.27%
- YTD
- 0.50%
- 6M
- 0.41%
- 1Y
- 2.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TIILX vs. FSPWX - Expense Ratio Comparison
TIILX has a 0.23% expense ratio, which is higher than FSPWX's 0.05% 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%.
Return for Risk
TIILX vs. FSPWX — Risk / Return Rank
TIILX
FSPWX
TIILX vs. FSPWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Inflation-Linked Bond Fund (TIILX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX). 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.
| TIILX | FSPWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.84 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.17 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.41 | +0.75 |
Martin ratioReturn relative to average drawdown | 8.60 | 4.38 | +4.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIILX | FSPWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.84 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.88 | -0.19 |
Correlation
The correlation between TIILX and FSPWX 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.
Dividends
TIILX vs. FSPWX - Dividend Comparison
TIILX's dividend yield for the trailing twelve months is around 3.12%, less than FSPWX's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIILX TIAA-CREF Inflation-Linked Bond Fund | 3.12% | 3.95% | 3.45% | 3.38% | 8.60% | 6.29% | 1.28% | 1.85% | 2.59% | 2.00% | 1.55% | 0.33% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 4.17% | 4.19% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TIILX vs. FSPWX - Drawdown Comparison
The maximum TIILX drawdown since its inception was -14.24%, which is greater than FSPWX's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for TIILX and FSPWX.
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Drawdown Indicators
| TIILX | FSPWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -3.84% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -2.91% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.57% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | -1.27% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -1.04% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.94% | -0.41% |
Volatility
TIILX vs. FSPWX - Volatility Comparison
The current volatility for TIAA-CREF Inflation-Linked Bond Fund (TIILX) is 1.02%, while Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) has a volatility of 1.44%. This indicates that TIILX experiences smaller price fluctuations and is considered to be less risky than FSPWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIILX | FSPWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.44% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 2.29% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 4.10% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 4.17% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 4.17% | -0.34% |