TISIX vs. TVIIX

Last updated Jun 23, 2026

TISIX (TIAA-CREF Short Term Bond Fund) and TVIIX (TIAA-CREF Lifecycle Index 2060 Fund) are both mutual funds - TISIX is a Short-Term Bond fund managed by TIAA Investments, while TVIIX is a Target Retirement Date fund managed by TIAA Investments. Over the past 10 years, TISIX returned 2.47%/yr vs 12.48%/yr for TVIIX. At a 0.03 correlation, their price movements are largely independent. TISIX charges 0.26%/yr vs 0.10%/yr for TVIIX.

Performance

TISIX vs. TVIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Short Term Bond Fund (TISIX) and TIAA-CREF Lifecycle Index 2060 Fund (TVIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TISIX achieves a 0.70% return, which is significantly lower than TVIIX's 11.86% return. Over the past 10 years, TISIX has underperformed TVIIX with an annualized return of 2.47%, while TVIIX has yielded a comparatively higher 12.48% annualized return.

TISIX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 0.70%
• 6M: 1.17%
• 1Y: 4.01%
• 3Y*: 4.88%
• 5Y*: 2.54%
• 10Y*: 2.47%

TVIIX

• 1D: 1.24%
• 1M: 1.87%
• YTD: 11.86%
• 6M: 11.67%
• 1Y: 27.85%
• 3Y*: 18.75%
• 5Y*: 10.87%
• 10Y*: 12.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TISIX vs. TVIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TISIX TIAA-CREF Short Term Bond Fund	0.70%	5.91%	4.59%	5.07%	-3.32%	0.18%	3.76%	4.43%	1.25%	1.88%
TVIIX TIAA-CREF Lifecycle Index 2060 Fund	11.86%	21.10%	15.59%	20.90%	-17.60%	17.62%	17.39%	26.52%	-7.17%	19.58%

Correlation

The correlation between TISIX and TVIIX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 29, 2014	0.03

Over the past year, TISIX and TVIIX have become more correlated (0.25) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

TISIX vs. TVIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TISIX

TISIX Risk / Return Rank: 81
TISIX Sharpe Ratio Rank: 65
TISIX Sortino Ratio Rank: 92
TISIX Omega Ratio Rank: 87
TISIX Calmar Ratio Rank: 80
TISIX Martin Ratio Rank: 81

TVIIX

TVIIX Risk / Return Rank: 69
TVIIX Sharpe Ratio Rank: 69
TVIIX Sortino Ratio Rank: 64
TVIIX Omega Ratio Rank: 65
TVIIX Calmar Ratio Rank: 69
TVIIX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TISIX vs. TVIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short Term Bond Fund (TISIX) and TIAA-CREF Lifecycle Index 2060 Fund (TVIIX). 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.

	TISIX	TVIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.23	-0.07
Sortino ratio: Return per unit of downside risk	4.25	3.06	+1.20
Omega ratio: Gain probability vs. loss probability	1.56	1.41	+0.15
Calmar ratio: Return relative to maximum drawdown	3.45	3.06	+0.39
Martin ratio: Return relative to average drawdown	14.03	13.30	+0.73

TISIX vs. TVIIX - Sharpe Ratio Comparison

The current TISIX Sharpe Ratio is 2.16, which is comparable to the TVIIX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of TISIX and TVIIX, 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

TISIX vs. TVIIX - Drawdown Comparison

The maximum TISIX drawdown since its inception was -5.31%, smaller than the maximum TVIIX drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for TISIX and TVIIX.

Drawdown Indicators

	TISIX	TVIIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.31%	-32.04%	+26.73%
Max Drawdown (1Y) Largest decline over 1 year	-1.17%	-9.05%	+7.88%
Max Drawdown (3Y) Largest decline over 3 years	-1.17%	-15.29%	+14.12%
Max Drawdown (5Y) Largest decline over 5 years	-5.31%	-25.56%	+20.25%
Max Drawdown (10Y) Largest decline over 10 years	-5.31%	-32.04%	+26.73%
Current Drawdown Current decline from peak	-0.30%	-0.50%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.50%	-4.58%	+4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	2.07%	-1.78%

Volatility

TISIX vs. TVIIX - Volatility Comparison

The current volatility for TIAA-CREF Short Term Bond Fund (TISIX) is 0.67%, while TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) has a volatility of 5.06%. This indicates that TISIX experiences smaller price fluctuations and is considered to be less risky than TVIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TISIX	TVIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	5.06%	-4.39%
Volatility (6M) Calculated over the trailing 6-month period	1.41%	10.28%	-8.87%
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	12.41%	-10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.05%	14.96%	-12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.79%	15.98%	-14.19%

TISIX vs. TVIIX - Expense Ratio Comparison

TISIX has a 0.26% expense ratio, which is higher than TVIIX's 0.10% 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%.

Dividends

TISIX vs. TVIIX - Dividend Comparison

TISIX's dividend yield for the trailing twelve months is around 4.35%, more than TVIIX's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TISIX TIAA-CREF Short Term Bond Fund	4.35%	4.34%	3.57%	3.18%	2.10%	1.63%	2.14%	2.87%	2.21%	1.87%	1.86%	1.72%
TVIIX TIAA-CREF Lifecycle Index 2060 Fund	2.33%	2.61%	2.16%	2.13%	2.22%	1.92%	1.63%	2.18%	2.80%	0.12%	2.69%	0.40%

Frequently Asked Questions

Can I hold both TISIX and TVIIX in my portfolio?

TISIX and TVIIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TISIX or TVIIX?

TVIIX has higher volatility (5.06%) compared to TISIX (0.67%). In terms of maximum drawdown, TISIX dropped -5.31% vs TVIIX's -32.04%.

Which has better risk-adjusted returns?

TVIIX currently has the higher Sharpe Ratio (2.23 vs 2.16), 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.