TIIRX vs. VIIIX

Last updated Aug 1, 2026

TIIRX (Nuveen Core Equity Fund Class A) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - TIIRX is a Large Cap Blend Equities fund actively managed by Nuveen, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. TIIRX is actively managed, while VIIIX is passively managed. Over the past 10 years, TIIRX returned 13.80%/yr vs 15.07%/yr for VIIIX. Their 0.98 correlation means they have historically moved very closely together. TIIRX charges 0.72%/yr vs 0.02%/yr for VIIIX.

Performance

TIIRX vs. VIIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Core Equity Fund Class A (TIIRX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIIRX achieves a 4.93% return, which is significantly lower than VIIIX's 9.35% return. Over the past 10 years, TIIRX has underperformed VIIIX with an annualized return of 13.80%, while VIIIX has yielded a comparatively higher 15.07% annualized return.

TIIRX

• 1D: 1.61%
• 1M: -1.00%
• 6M: 4.23%
• YTD: 4.93%
• 1Y: 14.01%
• 3Y*: 17.29%
• 5Y*: 11.14%
• 10Y*: 13.80%
• ALL TIME*: 11.14%

VIIIX

• 1D: 1.66%
• 1M: -0.56%
• 6M: 7.79%
• YTD: 9.35%
• 1Y: 20.63%
• 3Y*: 19.44%
• 5Y*: 12.83%
• 10Y*: 15.07%
• ALL TIME*: 9.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TIIRX Nuveen Core Equity Fund Class A	$0.00	$0.00	$0.00
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

TIIRX vs. VIIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIIRX Nuveen Core Equity Fund Class A	4.93%	13.66%	28.65%	32.52%	-22.28%	25.15%	20.15%	29.82%	-7.54%	23.56%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	9.35%	17.87%	26.29%	25.79%	-18.14%	28.69%	18.41%	31.48%	-4.41%	21.82%

Correlation

The correlation between TIIRX and VIIIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.98
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006	0.98

The correlation between TIIRX and VIIIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

TIIRX vs. VIIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TIIRX

TIIRX Risk / Return Rank: 23
TIIRX Sharpe Ratio Rank: 23
TIIRX Sortino Ratio Rank: 22
TIIRX Omega Ratio Rank: 22
TIIRX Calmar Ratio Rank: 22
TIIRX Martin Ratio Rank: 28

VIIIX

VIIIX Risk / Return Rank: 63
VIIIX Sharpe Ratio Rank: 61
VIIIX Sortino Ratio Rank: 58
VIIIX Omega Ratio Rank: 58
VIIIX Calmar Ratio Rank: 65
VIIIX Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TIIRX vs. VIIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Equity Fund Class A (TIIRX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.

	TIIRX	VIIIX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.43	-0.55
Sortino ratio: Return per unit of downside risk	1.29	2.00	-0.70
Omega ratio: Gain probability vs. loss probability	1.16	1.26	-0.10
Calmar ratio: Return relative to maximum drawdown	1.12	2.06	-0.95
Martin ratio: Return relative to average drawdown	4.28	8.86	-4.58

TIIRX vs. VIIIX - Sharpe Ratio Comparison

The current TIIRX Sharpe Ratio is 0.87, which is lower than the VIIIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of TIIRX and VIIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TIIRX vs. VIIIX - Drawdown Comparison

The maximum TIIRX drawdown since its inception was -49.41%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for TIIRX and VIIIX.

Drawdown Indicators

	TIIRX	VIIIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.41%	-55.18%	+5.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-8.90%	-2.22%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	-18.75%	-2.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.25%	-24.50%	-2.75%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	-33.79%	-1.79%
Current Drawdown Current decline from peak	-3.44%	-2.11%	-1.33%
Average Drawdown Average peak-to-trough decline	-7.01%	-9.97%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.07%	+0.82%

Volatility

TIIRX vs. VIIIX - Volatility Comparison

Nuveen Core Equity Fund Class A (TIIRX) has a higher volatility of 3.64% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 3.44%. This indicates that TIIRX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIIRX	VIIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.44%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	10.09%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	12.86%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	17.01%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	18.07%	+1.77%

TIIRX vs. VIIIX - Expense Ratio Comparison

TIIRX has a 0.72% expense ratio, which is higher than VIIIX's 0.02% expense ratio.

Dividends

TIIRX vs. VIIIX - Dividend Comparison

TIIRX's dividend yield for the trailing twelve months is around 6.85%, more than VIIIX's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIIRX Nuveen Core Equity Fund Class A	6.85%	7.20%	6.33%	14.05%	5.87%	12.85%	4.98%	4.48%	6.96%	3.24%	2.03%	6.11%
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares	2.51%	2.11%	3.66%	2.66%	3.39%	4.79%	3.07%	2.86%	2.45%	1.84%	2.38%	2.47%

Frequently Asked Questions

Can I hold both TIIRX and VIIIX in my portfolio?

With a correlation of 0.97, TIIRX and VIIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TIIRX or VIIIX?

TIIRX has higher volatility (3.64%) compared to VIIIX (3.44%). In terms of maximum drawdown, TIIRX dropped -49.41% vs VIIIX's -55.18%.

Which has better risk-adjusted returns?

VIIIX currently has the higher Sharpe Ratio (1.43 vs 0.87), 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.