TISCX vs. NAESX

Last updated Aug 1, 2026

TISCX (TIAA-CREF Social Choice Equity Fund) and NAESX (Vanguard Small Cap Index Fund) are both mutual funds - TISCX is a Large Cap Blend Equities fund managed by TIAA, while NAESX is a Small Cap Blend Equities fund managed by Vanguard. Over the past 10 years, TISCX returned 13.80%/yr vs 10.81%/yr for NAESX. Their correlation of 0.90 means they have usually moved in the same direction. Both charge a 0.17% expense ratio.

Performance

TISCX vs. NAESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Social Choice Equity Fund (TISCX) and Vanguard Small Cap Index Fund (NAESX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TISCX achieves a 11.18% return, which is significantly lower than NAESX's 15.36% return. Over the past 10 years, TISCX has outperformed NAESX with an annualized return of 13.80%, while NAESX has yielded a comparatively lower 10.81% annualized return.

TISCX

• 1D: 1.02%
• 1M: -1.25%
• 6M: 9.45%
• YTD: 11.18%
• 1Y: 18.66%
• 3Y*: 17.38%
• 5Y*: 10.65%
• 10Y*: 13.80%
• ALL TIME*: 8.18%

NAESX

• 1D: 0.91%
• 1M: -1.58%
• 6M: 10.29%
• YTD: 15.36%
• 1Y: 25.98%
• 3Y*: 13.81%
• 5Y*: 7.35%
• 10Y*: 10.81%
• ALL TIME*: 9.36%

*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)
NAESX Vanguard Small Cap Index Fund	$0.00	$0.00	$0.00
TISCX TIAA-CREF Social Choice Equity Fund	$0.00	$0.00	$0.00

TISCX vs. NAESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TISCX TIAA-CREF Social Choice Equity Fund	11.18%	16.51%	18.23%	22.53%	-17.80%	26.54%	20.34%	31.55%	-5.74%	19.01%
NAESX Vanguard Small Cap Index Fund	15.36%	8.71%	12.83%	19.35%	-17.71%	17.60%	18.92%	27.22%	-9.44%	16.10%

Correlation

The correlation between TISCX and NAESX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jun 14, 1999	0.90

The correlation between TISCX and NAESX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

TISCX vs. NAESX — Risk / Return Rank

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

TISCX

TISCX Risk / Return Rank: 47
TISCX Sharpe Ratio Rank: 43
TISCX Sortino Ratio Rank: 41
TISCX Omega Ratio Rank: 38
TISCX Calmar Ratio Rank: 53
TISCX Martin Ratio Rank: 58

NAESX

NAESX Risk / Return Rank: 64
NAESX Sharpe Ratio Rank: 56
NAESX Sortino Ratio Rank: 58
NAESX Omega Ratio Rank: 51
NAESX Calmar Ratio Rank: 79
NAESX Martin Ratio Rank: 78

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.

TISCX vs. NAESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Social Choice Equity Fund (TISCX) and Vanguard Small Cap Index Fund (NAESX). 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.

	TISCX	NAESX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.39	-0.18
Sortino ratio: Return per unit of downside risk	1.72	2.04	-0.32
Omega ratio: Gain probability vs. loss probability	1.21	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.86	2.54	-0.68
Martin ratio: Return relative to average drawdown	7.45	9.32	-1.87

TISCX vs. NAESX - Sharpe Ratio Comparison

The current TISCX Sharpe Ratio is 1.20, which is comparable to the NAESX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of TISCX and NAESX, 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

TISCX vs. NAESX - Drawdown Comparison

The maximum TISCX drawdown since its inception was -54.65%, smaller than the maximum NAESX drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for TISCX and NAESX.

Drawdown Indicators

	TISCX	NAESX	Difference
Max Drawdown Largest peak-to-trough decline	-54.65%	-59.77%	+5.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-8.98%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-28.29%	-25.28%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.29%	-28.19%	-0.10%
Max Drawdown (10Y) Largest decline over 10 years	-34.89%	-41.82%	+6.93%
Current Drawdown Current decline from peak	-2.50%	-2.36%	-0.14%
Average Drawdown Average peak-to-trough decline	-10.04%	-11.79%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.46%	-0.27%

Volatility

TISCX vs. NAESX - Volatility Comparison

TIAA-CREF Social Choice Equity Fund (TISCX) and Vanguard Small Cap Index Fund (NAESX) have volatilities of 3.21% and 3.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TISCX	NAESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	3.31%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	11.97%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	16.47%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	20.67%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	21.55%	-2.18%

TISCX vs. NAESX - Expense Ratio Comparison

Both TISCX and NAESX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TISCX vs. NAESX - Dividend Comparison

TISCX's dividend yield for the trailing twelve months is around 6.97%, more than NAESX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAESX Vanguard Small Cap Index Fund	1.10%	1.22%	1.19%	1.43%	1.41%	1.12%	1.05%	1.27%	1.53%	1.24%	1.39%	1.35%
TISCX TIAA-CREF Social Choice Equity Fund	6.97%	7.75%	16.74%	5.64%	4.99%	9.46%	1.38%	4.84%	9.85%	2.38%	6.84%	3.51%

Frequently Asked Questions

Can I hold both TISCX and NAESX in my portfolio?

TISCX and NAESX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TISCX or NAESX?

NAESX has higher volatility (3.31%) compared to TISCX (3.21%). In terms of maximum drawdown, TISCX dropped -54.65% vs NAESX's -59.77%.

Which has better risk-adjusted returns?

NAESX currently has the higher Sharpe Ratio (1.39 vs 1.20), 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.