Correlation
The correlation between TNSHX and BSV is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
TNSHX vs. BSV
Compare and contrast key facts about TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Vanguard Short-Term Bond ETF (BSV).
TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNSHX or BSV.
Performance
TNSHX vs. BSV - Performance Comparison
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Key characteristics
TNSHX:
2.69
BSV:
2.82
TNSHX:
4.91
BSV:
4.47
TNSHX:
1.67
BSV:
1.57
TNSHX:
6.16
BSV:
2.95
TNSHX:
15.63
BSV:
10.46
TNSHX:
0.38%
BSV:
0.63%
TNSHX:
2.25%
BSV:
2.32%
TNSHX:
-5.43%
BSV:
-8.62%
TNSHX:
-0.52%
BSV:
-0.23%
Returns By Period
In the year-to-date period, TNSHX achieves a 1.88% return, which is significantly lower than BSV's 2.66% return.
TNSHX
1.88%
-0.31%
2.15%
5.51%
3.15%
1.51%
N/A
BSV
2.66%
0.03%
2.61%
6.27%
3.13%
1.06%
1.79%
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TNSHX vs. BSV - Expense Ratio Comparison
TNSHX has a 0.09% expense ratio, which is higher than BSV's 0.04% 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
TNSHX vs. BSV — Risk-Adjusted Performance Rank
TNSHX
BSV
TNSHX vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Vanguard Short-Term Bond ETF (BSV). 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.
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Dividends
TNSHX vs. BSV - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 4.02%, more than BSV's 3.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNSHX TIAA-CREF Short-Term Bond Index Fund | 4.02% | 4.31% | 3.24% | 1.19% | 1.04% | 1.85% | 2.32% | 1.99% | 1.29% | 0.97% | 0.32% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.55% | 3.38% | 2.46% | 1.50% | 1.36% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% |
Drawdowns
TNSHX vs. BSV - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.43%, smaller than the maximum BSV drawdown of -8.62%. Use the drawdown chart below to compare losses from any high point for TNSHX and BSV.
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Volatility
TNSHX vs. BSV - Volatility Comparison
The current volatility for TIAA-CREF Short-Term Bond Index Fund (TNSHX) is 0.56%, while Vanguard Short-Term Bond ETF (BSV) has a volatility of 0.73%. This indicates that TNSHX experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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