TISEX vs. DAX
Compare and contrast key facts about TIAA-CREF Quant Small-Cap Equity Fund (TISEX) and Global X DAX Germany ETF (DAX).
TISEX is managed by TIAA Investments. It was launched on Oct 1, 2002. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TISEX or DAX.
Key characteristics
| TISEX | DAX | |
|---|---|---|
| YTD Return | 26.32% | 11.01% |
| 1Y Return | 49.09% | 25.35% |
| 3Y Return (Ann) | 6.41% | 3.13% |
| 5Y Return (Ann) | 13.34% | 6.54% |
| 10Y Return (Ann) | 10.60% | 5.37% |
| Sharpe Ratio | 2.46 | 1.79 |
| Sortino Ratio | 3.42 | 2.46 |
| Omega Ratio | 1.42 | 1.31 |
| Calmar Ratio | 2.55 | 1.62 |
| Martin Ratio | 15.72 | 9.20 |
| Ulcer Index | 3.22% | 2.83% |
| Daily Std Dev | 20.62% | 14.58% |
| Max Drawdown | -59.91% | -45.58% |
| Current Drawdown | 0.00% | -4.47% |
Correlation
The correlation between TISEX and DAX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TISEX vs. DAX - Performance Comparison
In the year-to-date period, TISEX achieves a 26.32% return, which is significantly higher than DAX's 11.01% return. Over the past 10 years, TISEX has outperformed DAX with an annualized return of 10.60%, while DAX has yielded a comparatively lower 5.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TISEX vs. DAX - Expense Ratio Comparison
TISEX has a 0.41% expense ratio, which is higher than DAX's 0.20% expense ratio.
Risk-Adjusted Performance
TISEX vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Quant Small-Cap Equity Fund (TISEX) and Global X DAX Germany ETF (DAX). 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.
Dividends
TISEX vs. DAX - Dividend Comparison
TISEX's dividend yield for the trailing twelve months is around 0.83%, less than DAX's 2.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TISEX TIAA-CREF Quant Small-Cap Equity Fund | 0.83% | 1.05% | 1.02% | 0.63% | 0.63% | 1.08% | 0.96% | 0.85% | 0.93% | 0.82% | 0.83% | 0.87% |
DAX Global X DAX Germany ETF | 2.30% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% | 0.00% | 0.00% |
Drawdowns
TISEX vs. DAX - Drawdown Comparison
The maximum TISEX drawdown since its inception was -59.91%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for TISEX and DAX. For additional features, visit the drawdowns tool.
Volatility
TISEX vs. DAX - Volatility Comparison
TIAA-CREF Quant Small-Cap Equity Fund (TISEX) has a higher volatility of 6.88% compared to Global X DAX Germany ETF (DAX) at 4.49%. This indicates that TISEX's price experiences larger fluctuations and is considered to be riskier than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.