TNSHX vs. TCIEX
Compare and contrast key facts about TIAA-CREF Short-Term Bond Index Fund (TNSHX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX).
TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015. TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002.
Performance
TNSHX vs. TCIEX - Performance Comparison
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TNSHX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNSHX TIAA-CREF Short-Term Bond Index Fund | -0.07% | 5.31% | 4.03% | 4.05% | -3.96% | -0.57% | 3.26% | 4.05% | 1.31% | 0.70% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 1.04% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
Returns By Period
In the year-to-date period, TNSHX achieves a -0.07% return, which is significantly lower than TCIEX's 1.04% return. Over the past 10 years, TNSHX has underperformed TCIEX with an annualized return of 1.78%, while TCIEX has yielded a comparatively higher 8.90% annualized return.
TNSHX
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- -0.07%
- 6M
- 0.96%
- 1Y
- 3.56%
- 3Y*
- 3.89%
- 5Y*
- 1.72%
- 10Y*
- 1.78%
TCIEX
- 1D
- 3.00%
- 1M
- -6.29%
- YTD
- 1.04%
- 6M
- 4.81%
- 1Y
- 22.86%
- 3Y*
- 14.48%
- 5Y*
- 8.26%
- 10Y*
- 8.90%
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TNSHX vs. TCIEX - Expense Ratio Comparison
TNSHX has a 0.09% expense ratio, which is higher than TCIEX's 0.05% 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
TNSHX vs. TCIEX — Risk / Return Rank
TNSHX
TCIEX
TNSHX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short-Term Bond Index Fund (TNSHX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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 | TCIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.36 | +0.48 |
Sortino ratioReturn per unit of downside risk | 3.29 | 1.87 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.27 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 1.83 | +1.84 |
Martin ratioReturn relative to average drawdown | 13.23 | 6.94 | +6.29 |
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 | TCIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.36 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.52 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.54 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.39 | +0.64 |
Correlation
The correlation between TNSHX and TCIEX is 0.02, 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. TCIEX - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 3.82%, which matches TCIEX's 3.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.85% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
Drawdowns
TNSHX vs. TCIEX - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.99%, smaller than the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for TNSHX and TCIEX.
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Drawdown Indicators
| TNSHX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.99% | -59.27% | +53.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -11.35% | +10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -29.25% | +23.26% |
Max Drawdown (10Y)Largest decline over 10 years | -5.99% | -33.58% | +27.59% |
Current DrawdownCurrent decline from peak | -0.82% | -8.19% | +7.37% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -10.64% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 3.00% | -2.69% |
Volatility
TNSHX vs. TCIEX - Volatility Comparison
The current volatility for TIAA-CREF Short-Term Bond Index Fund (TNSHX) is 0.52%, while TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) has a volatility of 7.73%. This indicates that TNSHX experiences smaller price fluctuations and is considered to be less risky than TCIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNSHX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 7.73% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 11.19% | -9.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 17.19% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 15.94% | -13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 16.58% | -14.78% |