TNSHX vs. USSBX
Compare and contrast key facts about TIAA-CREF Short-Term Bond Index Fund (TNSHX) and USAA Short Term Bond Fund (USSBX).
TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015. USSBX is managed by Victory. It was launched on Jun 1, 1993.
Performance
TNSHX vs. USSBX - Performance Comparison
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TNSHX vs. USSBX - 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% |
USSBX USAA Short Term Bond Fund | 0.09% | 5.79% | 6.21% | 5.99% | -2.95% | 1.08% | 4.75% | 5.00% | 1.24% | 2.30% |
Returns By Period
In the year-to-date period, TNSHX achieves a -0.07% return, which is significantly lower than USSBX's 0.09% return. Over the past 10 years, TNSHX has underperformed USSBX with an annualized return of 1.78%, while USSBX has yielded a comparatively higher 3.09% 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%
USSBX
- 1D
- 0.11%
- 1M
- -0.76%
- YTD
- 0.09%
- 6M
- 1.14%
- 1Y
- 4.16%
- 3Y*
- 5.67%
- 5Y*
- 3.10%
- 10Y*
- 3.09%
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TNSHX vs. USSBX - Expense Ratio Comparison
TNSHX has a 0.09% expense ratio, which is lower than USSBX's 0.54% expense ratio.
Return for Risk
TNSHX vs. USSBX — Risk / Return Rank
TNSHX
USSBX
TNSHX vs. USSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short-Term Bond Index Fund (TNSHX) and USAA Short Term Bond Fund (USSBX). 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 | USSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 2.19 | -0.36 |
Sortino ratioReturn per unit of downside risk | 3.29 | 3.87 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.60 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 4.17 | -0.50 |
Martin ratioReturn relative to average drawdown | 13.23 | 15.95 | -2.72 |
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 | USSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.19 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 1.60 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 1.75 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.69 | -0.66 |
Correlation
The correlation between TNSHX and USSBX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TNSHX vs. USSBX - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 3.82%, less than USSBX's 4.19% 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% |
USSBX USAA Short Term Bond Fund | 4.19% | 4.51% | 4.32% | 3.37% | 2.38% | 2.72% | 3.41% | 2.79% | 2.44% | 1.94% | 1.86% | 1.69% |
Drawdowns
TNSHX vs. USSBX - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.99%, smaller than the maximum USSBX drawdown of -6.87%. Use the drawdown chart below to compare losses from any high point for TNSHX and USSBX.
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Drawdown Indicators
| TNSHX | USSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.99% | -6.87% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.09% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -5.11% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -5.99% | -5.57% | -0.42% |
Current DrawdownCurrent decline from peak | -0.82% | -0.87% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.63% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.28% | +0.03% |
Volatility
TNSHX vs. USSBX - Volatility Comparison
TIAA-CREF Short-Term Bond Index Fund (TNSHX) and USAA Short Term Bond Fund (USSBX) have volatilities of 0.52% and 0.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNSHX | USSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.53% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 1.23% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 1.94% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 1.95% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 1.77% | +0.03% |