TILVX vs. QREARX

Last updated Aug 4, 2026

TILVX (TIAA-CREF Large-Cap Value Index Fund) and QREARX (TIAA Real Estate Account) are both mutual funds - TILVX is a Large Cap Value Equities fund managed by TIAA, while QREARX is a REIT fund actively managed by TIAA. Over the past year, TILVX returned 32.79% vs 4.35% for QREARX. Their -0.06 correlation means they have often moved in opposite directions in the past. TILVX charges 0.05%/yr vs 0.90%/yr for QREARX.

Performance

TILVX vs. QREARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Large-Cap Value Index Fund (TILVX) and TIAA Real Estate Account (QREARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TILVX achieves a 20.62% return, which is significantly higher than QREARX's 2.48% return.

TILVX

• 1D: 0.45%
• 1M: 1.93%
• 6M: 14.45%
• YTD: 20.62%
• 1Y: 32.79%
• 3Y*: 17.94%
• 5Y*: 11.77%
• 10Y*: 11.44%
• ALL TIME*: 9.41%

QREARX

• 1D: 0.02%
• 1M: 0.33%
• 6M: 2.31%
• YTD: 2.48%
• 1Y: 4.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.10%

*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)
QREARX TIAA Real Estate Account	$0.00	$0.00	$0.00
TILVX TIAA-CREF Large-Cap Value Index Fund	$0.00	$0.00	$0.00

TILVX vs. QREARX - Yearly Performance Comparison

	2026 (YTD)	2025
TILVX TIAA-CREF Large-Cap Value Index Fund	20.62%	15.99%
QREARX TIAA Real Estate Account	2.48%	3.93%

Correlation

The correlation between TILVX and QREARX is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.10
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	-0.06

Return for Risk

TILVX vs. QREARX — Risk / Return Rank

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

TILVX

TILVX Risk / Return Rank: 95
TILVX Sharpe Ratio Rank: 96
TILVX Sortino Ratio Rank: 94
TILVX Omega Ratio Rank: 91
TILVX Calmar Ratio Rank: 96
TILVX Martin Ratio Rank: 97

QREARX

QREARX Risk / Return Rank: 99
QREARX Sharpe Ratio Rank: 99
QREARX Sortino Ratio Rank: 100
QREARX Omega Ratio Rank: 99
QREARX Calmar Ratio Rank: 99
QREARX Martin Ratio Rank: 99

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.

TILVX vs. QREARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Large-Cap Value Index Fund (TILVX) and TIAA Real Estate Account (QREARX). 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.

	TILVX	QREARX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	4.41	-1.66
Sortino ratio: Return per unit of downside risk	3.85	11.47	-7.62
Omega ratio: Gain probability vs. loss probability	1.49	3.33	-1.84
Calmar ratio: Return relative to maximum drawdown	4.61	14.94	-10.32
Martin ratio: Return relative to average drawdown	19.74	61.12	-41.37

TILVX vs. QREARX - Sharpe Ratio Comparison

The current TILVX Sharpe Ratio is 2.75, which is lower than the QREARX Sharpe Ratio of 4.41. The chart below compares the historical Sharpe Ratios of TILVX and QREARX, 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

TILVX vs. QREARX - Drawdown Comparison

The maximum TILVX drawdown since its inception was -60.05%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for TILVX and QREARX.

Drawdown Indicators

	TILVX	QREARX	Difference
Max Drawdown Largest peak-to-trough decline	-60.05%	-1.45%	-58.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-0.29%	-6.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.15%	—	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-8.21%	-0.05%	-8.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	0.07%	+1.53%

Volatility

TILVX vs. QREARX - Volatility Comparison

TIAA-CREF Large-Cap Value Index Fund (TILVX) has a higher volatility of 2.88% compared to TIAA Real Estate Account (QREARX) at 0.10%. This indicates that TILVX's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TILVX	QREARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	0.10%	+2.78%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	0.86%	+7.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	0.99%	+10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	1.68%	+13.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	1.68%	+15.94%

TILVX vs. QREARX - Expense Ratio Comparison

TILVX has a 0.05% expense ratio, which is lower than QREARX's 0.90% expense ratio.

Dividends

TILVX vs. QREARX - Dividend Comparison

TILVX's dividend yield for the trailing twelve months is around 4.94%, while QREARX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QREARX TIAA Real Estate Account	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TILVX TIAA-CREF Large-Cap Value Index Fund	4.94%	5.96%	3.04%	4.90%	4.57%	3.77%	2.26%	7.05%	4.68%	2.01%	3.14%	4.24%

Frequently Asked Questions

Can I hold both TILVX and QREARX in my portfolio?

TILVX and QREARX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TILVX or QREARX?

TILVX has higher volatility (2.88%) compared to QREARX (0.10%). In terms of maximum drawdown, TILVX dropped -60.05% vs QREARX's -1.45%.

Which has better risk-adjusted returns?

QREARX currently has the higher Sharpe Ratio (4.41 vs 2.75), 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.