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.
Key characteristics
TNSHX | BSV | |
---|---|---|
YTD Return | 4.00% | 4.40% |
1Y Return | 7.12% | 8.03% |
3Y Return (Ann) | 1.47% | 0.85% |
5Y Return (Ann) | 1.77% | 1.55% |
Sharpe Ratio | 3.04 | 2.91 |
Daily Std Dev | 2.30% | 2.71% |
Max Drawdown | -5.43% | -8.54% |
Current Drawdown | -0.10% | -0.19% |
Correlation
The correlation between TNSHX and BSV is 0.75, 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
TNSHX vs. BSV - Performance Comparison
In the year-to-date period, TNSHX achieves a 4.00% return, which is significantly lower than BSV's 4.40% 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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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 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.
Dividends
TNSHX vs. BSV - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 3.98%, more than BSV's 3.08% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TIAA-CREF Short-Term Bond Index Fund | 3.98% | 3.23% | 1.19% | 1.44% | 2.09% | 2.29% | 1.81% | 1.30% | 0.97% | 0.32% | 0.00% | 0.00% |
Vanguard Short-Term Bond ETF | 3.08% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% | 1.45% | 1.48% |
Drawdowns
TNSHX vs. BSV - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.43%, smaller than the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for TNSHX and BSV. For additional features, visit the drawdowns tool.
Volatility
TNSHX vs. BSV - Volatility Comparison
TIAA-CREF Short-Term Bond Index Fund (TNSHX) has a higher volatility of 0.59% compared to Vanguard Short-Term Bond ETF (BSV) at 0.56%. This indicates that TNSHX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.