TIILX vs. TRBFX
TIILX (TIAA-CREF Inflation-Linked Bond Fund) and TRBFX (T. Rowe Price Limited Duration Inflation Focused Bond Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, TIILX returned 2.78%/yr vs 2.80%/yr for TRBFX. A 0.73 correlation means they provide meaningful diversification when combined. TIILX charges 0.23%/yr vs 0.41%/yr for TRBFX.
Performance
TIILX vs. TRBFX - Performance Comparison
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Returns By Period
In the year-to-date period, TIILX achieves a 0.74% return, which is significantly lower than TRBFX's 0.91% return. Both investments have delivered pretty close results over the past 10 years, with TIILX having a 2.78% annualized return and TRBFX not far ahead at 2.80%.
TIILX
- 1D
- -0.28%
- 1M
- -0.28%
- YTD
- 0.74%
- 6M
- 0.84%
- 1Y
- 3.25%
- 3Y*
- 4.49%
- 5Y*
- 2.18%
- 10Y*
- 2.78%
TRBFX
- 1D
- -0.21%
- 1M
- -0.32%
- YTD
- 0.91%
- 6M
- 1.13%
- 1Y
- 3.36%
- 3Y*
- 4.74%
- 5Y*
- 2.38%
- 10Y*
- 2.80%
TIILX vs. TRBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIILX TIAA-CREF Inflation-Linked Bond Fund | 0.74% | 7.09% | 3.28% | 4.35% | -7.22% | 5.26% | 8.10% | 6.60% | -0.49% | 1.74% |
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 0.91% | 6.34% | 4.60% | 3.01% | -5.19% | 5.77% | 5.65% | 6.53% | 0.28% | 0.80% |
Correlation
The correlation between TIILX and TRBFX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2015 | 0.73 |
The correlation between TIILX and TRBFX shifts across timeframes, from 0.59 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIILX vs. TRBFX — Risk / Return Rank
TIILX
TRBFX
TIILX vs. TRBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Inflation-Linked Bond Fund (TIILX) and T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIILX | TRBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.00 | +1.47 |
| Martin ratioReturn relative to average drawdown | 8.31 | 1.96 | +6.35 |
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Drawdowns
TIILX vs. TRBFX - Drawdown Comparison
The maximum TIILX drawdown since its inception was -14.24%, which is greater than TRBFX's maximum drawdown of -7.33%. Use the drawdown chart below to compare losses from any high point for TIILX and TRBFX.
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Drawdown Indicators
| TIILX | TRBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -7.33% | -6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.37% | -3.48% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -2.49% | -3.51% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -7.33% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -9.57% | -7.33% | -2.24% |
Current DrawdownCurrent decline from peak | -1.09% | -2.19% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -1.42% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.75% | -1.35% |
Volatility
TIILX vs. TRBFX - Volatility Comparison
TIAA-CREF Inflation-Linked Bond Fund (TIILX) has a higher volatility of 1.09% compared to T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) at 1.01%. This indicates that TIILX's price experiences larger fluctuations and is considered to be riskier than TRBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIILX | TRBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.01% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 1.76% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 5.12% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 5.15% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 4.02% | -0.19% |
TIILX vs. TRBFX - Expense Ratio Comparison
TIILX has a 0.23% expense ratio, which is lower than TRBFX's 0.41% expense ratio.
Dividends
TIILX vs. TRBFX - Dividend Comparison
TIILX's dividend yield for the trailing twelve months is around 3.11%, less than TRBFX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIILX TIAA-CREF Inflation-Linked Bond Fund | 3.11% | 3.95% | 3.45% | 3.38% | 8.60% | 6.29% | 1.28% | 1.85% | 2.59% | 2.00% | 1.55% | 0.33% |
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 4.83% | 4.95% | 4.48% | 3.64% | 6.11% | 4.99% | 1.38% | 3.27% | 2.34% | 1.61% | 1.10% | 0.00% |
Frequently Asked Questions
TIILX and TRBFX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIILX has higher volatility (1.09%) compared to TRBFX (1.01%). In terms of maximum drawdown, TIILX dropped -14.24% vs TRBFX's -7.33%.
TIILX currently has the higher Sharpe Ratio (1.26 vs 0.68), 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.
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