TIREX vs. TCIEX
TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) and TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) are both mutual funds - TIREX is a REIT fund managed by TIAA Investments, while TCIEX is a Large Cap Blend Equities fund tracking the MSCI EAFE Index. Over the past 10 years, TIREX returned 6.44%/yr vs 9.29%/yr for TCIEX. A 0.53 correlation means they provide meaningful diversification when combined. TIREX charges 0.47%/yr vs 0.05%/yr for TCIEX.
Performance
TIREX vs. TCIEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TIREX achieves a 9.08% return, which is significantly higher than TCIEX's 8.62% return. Over the past 10 years, TIREX has underperformed TCIEX with an annualized return of 6.44%, while TCIEX has yielded a comparatively higher 9.29% annualized return.
TIREX
- 1D
- -0.05%
- 1M
- -1.78%
- YTD
- 9.08%
- 6M
- 7.94%
- 1Y
- 10.55%
- 3Y*
- 9.21%
- 5Y*
- 1.62%
- 10Y*
- 6.44%
TCIEX
- 1D
- -0.82%
- 1M
- 2.06%
- YTD
- 8.62%
- 6M
- 10.68%
- 1Y
- 20.67%
- 3Y*
- 16.75%
- 5Y*
- 8.44%
- 10Y*
- 9.29%
TIREX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 9.08% | 2.10% | 5.30% | 12.16% | -28.74% | 39.39% | 1.29% | 31.09% | -4.06% | 11.73% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 8.62% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
Correlation
The correlation between TIREX and TCIEX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003 | 0.53 |
The correlation between TIREX and TCIEX shifts across timeframes, from 0.45 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TIREX vs. TCIEX — Risk / Return Rank
TIREX
TCIEX
TIREX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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.
| TIREX | TCIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.88 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.32 | 7.04 | -2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TIREX | TCIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.42 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.53 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.56 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.40 | -0.08 |
Drawdowns
TIREX vs. TCIEX - Drawdown Comparison
The maximum TIREX drawdown since its inception was -74.18%, which is greater than TCIEX's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for TIREX and TCIEX.
Loading charts...
Drawdown Indicators
| TIREX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.18% | -59.27% | -14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -11.35% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -13.58% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -29.25% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.26% | -33.58% | -5.68% |
Current DrawdownCurrent decline from peak | -6.26% | -1.31% | -4.95% |
Average DrawdownAverage peak-to-trough decline | -13.48% | -10.58% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.03% | -0.53% |
Volatility
TIREX vs. TCIEX - Volatility Comparison
The current volatility for TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) is 3.65%, while TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a volatility of 4.57%. This indicates that TIREX experiences smaller price fluctuations and is considered to be less risky than TCIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIREX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 4.57% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 12.28% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 15.10% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 16.10% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 16.65% | +3.49% |
TIREX vs. TCIEX - Expense Ratio Comparison
TIREX has a 0.47% expense ratio, which is higher than TCIEX's 0.05% expense ratio.
Dividends
TIREX vs. TCIEX - Dividend Comparison
TIREX's dividend yield for the trailing twelve months is around 2.52%, less than TCIEX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.58% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.52% | 3.56% | 3.08% | 2.71% | 5.13% | 3.07% | 1.80% | 6.18% | 3.54% | 7.20% | 4.16% | 5.65% |
Frequently Asked Questions
TIREX and TCIEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCIEX has higher volatility (4.57%) compared to TIREX (3.65%). In terms of maximum drawdown, TIREX dropped -74.18% vs TCIEX's -59.27%.
TCIEX currently has the higher Sharpe Ratio (1.42 vs 0.84), 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.
Find the right allocation for TIREX and TCIEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer