TNSHX vs. DLDFX
Compare and contrast key facts about TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Destinations Low Duration Fixed Income Fund (DLDFX).
TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015. DLDFX is managed by Destinations Funds. It was launched on Mar 20, 2017.
Performance
TNSHX vs. DLDFX - Performance Comparison
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TNSHX vs. DLDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNSHX TIAA-CREF Short-Term Bond Index Fund | -0.07% | 5.31% | 4.03% | 4.05% | -3.96% | -0.57% | 3.26% | 1.78% |
DLDFX Destinations Low Duration Fixed Income Fund | 1.24% | 4.91% | 6.09% | 7.11% | -2.59% | 5.41% | 1.52% | 1.16% |
Returns By Period
In the year-to-date period, TNSHX achieves a -0.07% return, which is significantly lower than DLDFX's 1.24% return.
TNSHX
- 1D
- 0.21%
- 1M
- -0.82%
- YTD
- -0.07%
- 6M
- 1.06%
- 1Y
- 3.56%
- 3Y*
- 3.89%
- 5Y*
- 1.72%
- 10Y*
- 1.78%
DLDFX
- 1D
- 0.04%
- 1M
- -0.28%
- YTD
- 1.24%
- 6M
- 2.37%
- 1Y
- 5.86%
- 3Y*
- 5.82%
- 5Y*
- 3.89%
- 10Y*
- —
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TNSHX vs. DLDFX - Expense Ratio Comparison
TNSHX has a 0.09% expense ratio, which is lower than DLDFX's 0.93% expense ratio.
Return for Risk
TNSHX vs. DLDFX — Risk / Return Rank
TNSHX
DLDFX
TNSHX vs. DLDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Destinations Low Duration Fixed Income Fund (DLDFX). 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.
| TNSHX | DLDFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 3.11 | -1.11 |
Sortino ratioReturn per unit of downside risk | 3.63 | 5.29 | -1.66 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.99 | -0.50 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 4.37 | -0.70 |
Martin ratioReturn relative to average drawdown | 13.41 | 22.98 | -9.56 |
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
| TNSHX | DLDFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 3.11 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 2.20 | -1.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.73 | -0.71 |
Correlation
The correlation between TNSHX and DLDFX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TNSHX vs. DLDFX - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 3.82%, less than DLDFX's 5.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNSHX TIAA-CREF Short-Term Bond Index Fund | 3.82% | 4.22% | 3.94% | 2.68% | 1.00% | 1.03% | 1.81% | 2.45% | 1.80% | 1.31% | 0.98% |
DLDFX Destinations Low Duration Fixed Income Fund | 5.50% | 5.29% | 5.64% | 4.77% | 4.54% | 3.74% | 3.86% | 2.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNSHX vs. DLDFX - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.99%, smaller than the maximum DLDFX drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for TNSHX and DLDFX.
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Drawdown Indicators
| TNSHX | DLDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.99% | -8.64% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.08% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -3.88% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -5.99% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.49% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.72% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.25% | +0.06% |
Volatility
TNSHX vs. DLDFX - Volatility Comparison
TIAA-CREF Short-Term Bond Index Fund (TNSHX) has a higher volatility of 0.55% compared to Destinations Low Duration Fixed Income Fund (DLDFX) at 0.47%. This indicates that TNSHX's price experiences larger fluctuations and is considered to be riskier than DLDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNSHX | DLDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.47% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 1.28% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 1.91% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 1.79% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 2.09% | -0.29% |