TIMVX vs. UMCVX

Last updated Aug 1, 2026

TIMVX (TIAA-CREF Mid-Cap Value Fund) and UMCVX (Invesco V.I. American Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, TIMVX returned 9.37%/yr vs 13.28%/yr for UMCVX. Their correlation of 0.94 means they have usually moved in the same direction. TIMVX charges 0.45%/yr vs 0.89%/yr for UMCVX.

Performance

TIMVX vs. UMCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Mid-Cap Value Fund (TIMVX) and Invesco V.I. American Value Fund (UMCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIMVX achieves a 19.61% return, which is significantly higher than UMCVX's 15.32% return. Over the past 10 years, TIMVX has underperformed UMCVX with an annualized return of 9.37%, while UMCVX has yielded a comparatively higher 13.28% annualized return.

TIMVX

• 1D: 0.51%
• 1M: 0.19%
• 6M: 14.89%
• YTD: 19.61%
• 1Y: 29.29%
• 3Y*: 16.25%
• 5Y*: 10.33%
• 10Y*: 9.37%
• ALL TIME*: 10.85%

UMCVX

• 1D: 2.45%
• 1M: -3.90%
• 6M: 7.78%
• YTD: 15.32%
• 1Y: 36.26%
• 3Y*: 24.58%
• 5Y*: 17.20%
• 10Y*: 13.28%
• ALL TIME*: 9.46%

*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)
TIMVX TIAA-CREF Mid-Cap Value Fund	$0.00	$0.00	$0.00
UMCVX Invesco V.I. American Value Fund	$0.00	$0.00	$0.00

TIMVX vs. UMCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIMVX TIAA-CREF Mid-Cap Value Fund	19.61%	10.11%	14.48%	11.40%	-10.44%	32.27%	-4.21%	27.33%	-14.43%	9.30%
UMCVX Invesco V.I. American Value Fund	15.32%	21.17%	30.42%	15.70%	-2.53%	27.96%	1.15%	24.95%	-12.56%	9.97%

Correlation

The correlation between TIMVX and UMCVX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002	0.94

The correlation between TIMVX and UMCVX shifts across timeframes, from 0.79 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TIMVX vs. UMCVX — Risk / Return Rank

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

TIMVX

TIMVX Risk / Return Rank: 87
TIMVX Sharpe Ratio Rank: 84
TIMVX Sortino Ratio Rank: 82
TIMVX Omega Ratio Rank: 79
TIMVX Calmar Ratio Rank: 93
TIMVX Martin Ratio Rank: 94

UMCVX

UMCVX Risk / Return Rank: 72
UMCVX Sharpe Ratio Rank: 67
UMCVX Sortino Ratio Rank: 61
UMCVX Omega Ratio Rank: 61
UMCVX Calmar Ratio Rank: 89
UMCVX Martin Ratio Rank: 82

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.

TIMVX vs. UMCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Mid-Cap Value Fund (TIMVX) and Invesco V.I. American Value Fund (UMCVX). 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.

	TIMVX	UMCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.64	+0.41
Sortino ratio: Return per unit of downside risk	2.90	2.21	+0.69
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.84	3.29	+0.56
Martin ratio: Return relative to average drawdown	15.23	10.27	+4.96

TIMVX vs. UMCVX - Sharpe Ratio Comparison

The current TIMVX Sharpe Ratio is 2.04, which is comparable to the UMCVX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of TIMVX and UMCVX, 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

TIMVX vs. UMCVX - Drawdown Comparison

The maximum TIMVX drawdown since its inception was -59.15%, roughly equal to the maximum UMCVX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for TIMVX and UMCVX.

Drawdown Indicators

	TIMVX	UMCVX	Difference
Max Drawdown Largest peak-to-trough decline	-59.15%	-59.30%	+0.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-10.16%	+2.97%
Max Drawdown (3Y) Largest decline over 3 years	-21.97%	-25.10%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-21.97%	-25.10%	+3.13%
Max Drawdown (10Y) Largest decline over 10 years	-52.60%	-45.77%	-6.83%
Current Drawdown Current decline from peak	-1.69%	-7.96%	+6.27%
Average Drawdown Average peak-to-trough decline	-8.27%	-10.02%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	3.25%	-1.41%

Volatility

TIMVX vs. UMCVX - Volatility Comparison

The current volatility for TIAA-CREF Mid-Cap Value Fund (TIMVX) is 3.43%, while Invesco V.I. American Value Fund (UMCVX) has a volatility of 6.00%. This indicates that TIMVX experiences smaller price fluctuations and is considered to be less risky than UMCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIMVX	UMCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	6.00%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	16.26%	-6.05%
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	20.42%	-6.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	27.45%	-9.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	25.22%	-3.57%

TIMVX vs. UMCVX - Expense Ratio Comparison

TIMVX has a 0.45% expense ratio, which is lower than UMCVX's 0.89% expense ratio.

Dividends

TIMVX vs. UMCVX - Dividend Comparison

TIMVX's dividend yield for the trailing twelve months is around 6.88%, less than UMCVX's 14.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIMVX TIAA-CREF Mid-Cap Value Fund	6.88%	8.23%	7.09%	1.63%	15.58%	14.87%	1.77%	20.99%	18.64%	7.13%	4.60%	10.06%
UMCVX Invesco V.I. American Value Fund	14.53%	16.76%	3.11%	25.58%	23.66%	0.42%	1.65%	8.19%	19.87%	1.91%	5.79%	15.77%

Frequently Asked Questions

Can I hold both TIMVX and UMCVX in my portfolio?

TIMVX and UMCVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIMVX or UMCVX?

UMCVX has higher volatility (6.00%) compared to TIMVX (3.43%). In terms of maximum drawdown, TIMVX dropped -59.15% vs UMCVX's -59.30%.

Which has better risk-adjusted returns?

TIMVX currently has the higher Sharpe Ratio (2.04 vs 1.64), 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.