TIISX vs. BGEIX

Last updated Jun 23, 2026

TIISX (TIAA-CREF Quant International Small-Cap Equity Fund) and BGEIX (American Century Global Gold Fund) are both mutual funds - TIISX is a Foreign Small & Mid Cap Equities fund managed by TIAA Investments, while BGEIX is a Gold fund managed by American Century. Over the past 5 years, TIISX returned 10.30%/yr vs 20.76%/yr for BGEIX. At a 0.42 correlation, their price movements are largely independent. TIISX charges 0.72%/yr vs 0.65%/yr for BGEIX.

Performance

TIISX vs. BGEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Quant International Small-Cap Equity Fund (TIISX) and American Century Global Gold Fund (BGEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIISX achieves a 19.27% return, which is significantly higher than BGEIX's -3.68% return.

TIISX

• 1D: 0.78%
• 1M: 2.23%
• YTD: 19.27%
• 6M: 19.36%
• 1Y: 35.83%
• 3Y*: 21.98%
• 5Y*: 10.30%
• 10Y*: —

BGEIX

• 1D: -2.27%
• 1M: -3.15%
• YTD: -3.68%
• 6M: -7.64%
• 1Y: 59.00%
• 3Y*: 42.03%
• 5Y*: 20.76%
• 10Y*: 12.88%

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

TIISX vs. BGEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIISX TIAA-CREF Quant International Small-Cap Equity Fund	19.27%	35.62%	5.06%	16.93%	-18.35%	11.65%	5.86%	20.82%	-23.26%	30.62%
BGEIX American Century Global Gold Fund	-3.68%	158.45%	15.10%	7.52%	-12.54%	-8.85%	18.92%	37.82%	-7.43%	10.62%

Correlation

The correlation between TIISX and BGEIX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.42

Over the past year, TIISX and BGEIX have become more correlated (0.62) than their long-term average of 0.42, meaning their price movements have been converging.

Return for Risk

TIISX vs. BGEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIISX

TIISX Risk / Return Rank: 68
TIISX Sharpe Ratio Rank: 75
TIISX Sortino Ratio Rank: 72
TIISX Omega Ratio Rank: 70
TIISX Calmar Ratio Rank: 65
TIISX Martin Ratio Rank: 60

BGEIX

BGEIX Risk / Return Rank: 21
BGEIX Sharpe Ratio Rank: 23
BGEIX Sortino Ratio Rank: 19
BGEIX Omega Ratio Rank: 23
BGEIX Calmar Ratio Rank: 21
BGEIX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIISX vs. BGEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Quant International Small-Cap Equity Fund (TIISX) and American Century Global Gold Fund (BGEIX). 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.

	TIISX	BGEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.28	+1.03
Sortino ratio: Return per unit of downside risk	3.21	1.70	+1.51
Omega ratio: Gain probability vs. loss probability	1.42	1.24	+0.19
Calmar ratio: Return relative to maximum drawdown	2.97	1.58	+1.39
Martin ratio: Return relative to average drawdown	11.25	4.33	+6.91

TIISX vs. BGEIX - Sharpe Ratio Comparison

The current TIISX Sharpe Ratio is 2.31, which is higher than the BGEIX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of TIISX and BGEIX, 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

TIISX vs. BGEIX - Drawdown Comparison

The maximum TIISX drawdown since its inception was -48.87%, smaller than the maximum BGEIX drawdown of -78.69%. Use the drawdown chart below to compare losses from any high point for TIISX and BGEIX.

Drawdown Indicators

	TIISX	BGEIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.87%	-78.69%	+29.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.89%	-36.12%	+24.23%
Max Drawdown (3Y) Largest decline over 3 years	-12.51%	-36.12%	+23.61%
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	-46.62%	+14.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.92%	—
Current Drawdown Current decline from peak	-0.45%	-28.07%	+27.62%
Average Drawdown Average peak-to-trough decline	-10.83%	-35.14%	+24.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	13.13%	-10.00%

Volatility

TIISX vs. BGEIX - Volatility Comparison

The current volatility for TIAA-CREF Quant International Small-Cap Equity Fund (TIISX) is 6.18%, while American Century Global Gold Fund (BGEIX) has a volatility of 16.29%. This indicates that TIISX experiences smaller price fluctuations and is considered to be less risky than BGEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIISX	BGEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	16.29%	-10.11%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	37.40%	-24.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	44.44%	-29.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	34.03%	-18.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	33.49%	-17.06%

TIISX vs. BGEIX - Expense Ratio Comparison

TIISX has a 0.72% expense ratio, which is higher than BGEIX's 0.65% expense ratio.

Dividends

TIISX vs. BGEIX - Dividend Comparison

TIISX's dividend yield for the trailing twelve months is around 7.15%, more than BGEIX's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BGEIX American Century Global Gold Fund	1.17%	0.85%	1.36%	1.56%	1.38%	2.13%	0.56%	0.87%	0.00%	0.00%	10.56%
TIISX TIAA-CREF Quant International Small-Cap Equity Fund	7.15%	8.53%	3.29%	3.01%	3.45%	6.38%	1.99%	3.33%	6.37%	3.56%	0.00%

Frequently Asked Questions

Can I hold both TIISX and BGEIX in my portfolio?

TIISX and BGEIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIISX or BGEIX?

BGEIX has higher volatility (16.29%) compared to TIISX (6.18%). In terms of maximum drawdown, TIISX dropped -48.87% vs BGEIX's -78.69%.

Which has better risk-adjusted returns?

TIISX currently has the higher Sharpe Ratio (2.31 vs 1.28), 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.