TISIX vs. SWSBX
Compare and contrast key facts about TIAA-CREF Short Term Bond Fund (TISIX) and Schwab Short-Term Bond Index Fund (SWSBX).
TISIX is managed by TIAA Investments. It was launched on Mar 31, 2006. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
TISIX vs. SWSBX - Performance Comparison
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TISIX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TISIX TIAA-CREF Short Term Bond Fund | -0.09% | 5.91% | 4.59% | 5.07% | -3.32% | 0.18% | 3.76% | 4.43% | 1.25% | 1.45% |
SWSBX Schwab Short-Term Bond Index Fund | -0.27% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, TISIX achieves a -0.09% return, which is significantly higher than SWSBX's -0.27% return.
TISIX
- 1D
- 0.10%
- 1M
- -0.98%
- YTD
- -0.09%
- 6M
- 1.10%
- 1Y
- 4.05%
- 3Y*
- 4.61%
- 5Y*
- 2.43%
- 10Y*
- 2.45%
SWSBX
- 1D
- 0.21%
- 1M
- -1.23%
- YTD
- -0.27%
- 6M
- 0.88%
- 1Y
- 3.63%
- 3Y*
- 3.74%
- 5Y*
- 1.25%
- 10Y*
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TISIX vs. SWSBX - Expense Ratio Comparison
TISIX has a 0.26% expense ratio, which is higher than SWSBX's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TISIX vs. SWSBX — Risk / Return Rank
TISIX
SWSBX
TISIX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short Term Bond Fund (TISIX) and Schwab Short-Term Bond Index Fund (SWSBX). 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.
| TISIX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 1.71 | +0.61 |
Sortino ratioReturn per unit of downside risk | 4.26 | 2.83 | +1.43 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.36 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.79 | +1.09 |
Martin ratioReturn relative to average drawdown | 16.04 | 10.25 | +5.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TISIX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.71 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.42 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.76 | +0.68 |
Correlation
The correlation between TISIX and SWSBX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TISIX vs. SWSBX - Dividend Comparison
TISIX's dividend yield for the trailing twelve months is around 3.99%, more than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TISIX TIAA-CREF Short Term Bond Fund | 3.99% | 4.34% | 3.57% | 3.18% | 2.10% | 1.63% | 2.14% | 2.87% | 2.21% | 1.87% | 1.86% | 1.72% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Drawdowns
TISIX vs. SWSBX - Drawdown Comparison
The maximum TISIX drawdown since its inception was -5.31%, smaller than the maximum SWSBX drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for TISIX and SWSBX.
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Drawdown Indicators
| TISIX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.31% | -9.06% | +3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -1.54% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.31% | -9.06% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -5.31% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.23% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -1.81% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.42% | -0.14% |
Volatility
TISIX vs. SWSBX - Volatility Comparison
The current volatility for TIAA-CREF Short Term Bond Fund (TISIX) is 0.49%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.73%. This indicates that TISIX experiences smaller price fluctuations and is considered to be less risky than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TISIX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.73% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 1.49% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 2.40% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 2.95% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 2.47% | -0.71% |