TISIX vs. VBIRX
Compare and contrast key facts about TIAA-CREF Short Term Bond Fund (TISIX) and Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX).
TISIX is managed by TIAA Investments. It was launched on Mar 31, 2006. VBIRX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TISIX or VBIRX.
Key characteristics
| TISIX | VBIRX | |
|---|---|---|
| YTD Return | 4.85% | 4.53% |
| 1Y Return | 8.01% | 8.11% |
| 3Y Return (Ann) | 2.37% | 0.88% |
| 5Y Return (Ann) | 2.43% | 1.60% |
| 10Y Return (Ann) | 2.18% | 1.72% |
| Sharpe Ratio | 3.51 | 2.61 |
| Daily Std Dev | 2.28% | 3.07% |
| Max Drawdown | -4.77% | -8.64% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TISIX and VBIRX 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.
Performance
TISIX vs. VBIRX - Performance Comparison
In the year-to-date period, TISIX achieves a 4.85% return, which is significantly higher than VBIRX's 4.53% return. Over the past 10 years, TISIX has outperformed VBIRX with an annualized return of 2.18%, while VBIRX has yielded a comparatively lower 1.72% 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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TISIX vs. VBIRX - Expense Ratio Comparison
TISIX has a 0.26% expense ratio, which is higher than VBIRX's 0.07% 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%.
Risk-Adjusted Performance
TISIX vs. VBIRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short Term Bond Fund (TISIX) and Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX). 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
TISIX vs. VBIRX - Dividend Comparison
TISIX's dividend yield for the trailing twelve months is around 3.91%, more than VBIRX's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TISIX TIAA-CREF Short Term Bond Fund | 3.91% | 3.52% | 2.68% | 1.75% | 2.03% | 2.70% | 2.23% | 1.86% | 1.86% | 1.55% | 1.40% | 1.62% |
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.04% | 2.41% | 1.46% | 1.45% | 1.78% | 2.24% | 2.01% | 1.53% | 1.49% | 1.30% | 1.25% | 1.39% |
Drawdowns
TISIX vs. VBIRX - Drawdown Comparison
The maximum TISIX drawdown since its inception was -4.77%, smaller than the maximum VBIRX drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for TISIX and VBIRX. For additional features, visit the drawdowns tool.
Volatility
TISIX vs. VBIRX - Volatility Comparison
The current volatility for TIAA-CREF Short Term Bond Fund (TISIX) is 0.43%, while Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) has a volatility of 0.65%. This indicates that TISIX experiences smaller price fluctuations and is considered to be less risky than VBIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.