TISIX vs. VBISX
Compare and contrast key facts about TIAA-CREF Short Term Bond Fund (TISIX) and Vanguard Short-Term Bond Index Fund (VBISX).
TISIX is managed by TIAA Investments. It was launched on Mar 31, 2006. VBISX is managed by Vanguard. It was launched on Mar 1, 1994.
Performance
TISIX vs. VBISX - Performance Comparison
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TISIX vs. VBISX - 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% | 1.88% |
VBISX Vanguard Short-Term Bond Index Fund | -0.34% | 5.67% | 3.66% | 4.54% | -5.61% | -1.35% | 4.63% | 4.78% | 1.27% | 1.10% |
Returns By Period
In the year-to-date period, TISIX achieves a -0.09% return, which is significantly higher than VBISX's -0.34% return. Over the past 10 years, TISIX has outperformed VBISX with an annualized return of 2.45%, while VBISX has yielded a comparatively lower 1.76% annualized 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%
VBISX
- 1D
- 0.20%
- 1M
- -1.25%
- YTD
- -0.34%
- 6M
- 0.83%
- 1Y
- 3.56%
- 3Y*
- 3.85%
- 5Y*
- 1.39%
- 10Y*
- 1.76%
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TISIX vs. VBISX - Expense Ratio Comparison
TISIX has a 0.26% expense ratio, which is higher than VBISX's 0.15% 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. VBISX — Risk / Return Rank
TISIX
VBISX
TISIX vs. VBISX - Risk-Adjusted Trends 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 (VBISX). 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 | VBISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 1.64 | +0.67 |
Sortino ratioReturn per unit of downside risk | 4.26 | 2.70 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.33 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.72 | +1.16 |
Martin ratioReturn relative to average drawdown | 16.04 | 9.96 | +6.08 |
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 | VBISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.64 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.48 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | 0.74 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 1.34 | +0.09 |
Correlation
The correlation between TISIX and VBISX 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. VBISX - Dividend Comparison
TISIX's dividend yield for the trailing twelve months is around 3.99%, more than VBISX's 3.52% 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% |
VBISX Vanguard Short-Term Bond Index Fund | 3.52% | 3.44% | 3.29% | 2.10% | 1.38% | 1.16% | 1.72% | 2.16% | 1.92% | 1.58% | 1.42% | 1.34% |
Drawdowns
TISIX vs. VBISX - Drawdown Comparison
The maximum TISIX drawdown since its inception was -5.31%, smaller than the maximum VBISX drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for TISIX and VBISX.
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Drawdown Indicators
| TISIX | VBISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.31% | -8.79% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -1.54% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.31% | -8.72% | +3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -5.31% | -8.79% | +3.48% |
Current DrawdownCurrent decline from peak | -0.98% | -1.25% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -0.87% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.42% | -0.14% |
Volatility
TISIX vs. VBISX - Volatility Comparison
The current volatility for TIAA-CREF Short Term Bond Fund (TISIX) is 0.49%, while Vanguard Short-Term Bond Index Fund (VBISX) has a volatility of 0.74%. This indicates that TISIX experiences smaller price fluctuations and is considered to be less risky than VBISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TISIX | VBISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.74% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 1.50% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 2.44% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 2.91% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 2.37% | -0.61% |