TNSHX vs. VBISX
Compare and contrast key facts about TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Vanguard Short-Term Bond Index Fund (VBISX).
TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015. VBISX is managed by Vanguard. It was launched on Mar 1, 1994.
Performance
TNSHX vs. VBISX - Performance Comparison
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TNSHX vs. VBISX - 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% |
VBISX Vanguard Short-Term Bond Index Fund | -0.24% | 5.67% | 3.66% | 4.54% | -5.61% | -1.35% | 4.63% | 4.78% | 1.27% | 1.10% |
Returns By Period
In the year-to-date period, TNSHX achieves a -0.07% return, which is significantly higher than VBISX's -0.24% return. Both investments have delivered pretty close results over the past 10 years, with TNSHX having a 1.78% annualized return and VBISX not far behind at 1.77%.
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%
VBISX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.24%
- 6M
- 0.73%
- 1Y
- 3.56%
- 3Y*
- 3.88%
- 5Y*
- 1.41%
- 10Y*
- 1.77%
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TNSHX vs. VBISX - Expense Ratio Comparison
TNSHX has a 0.09% expense ratio, which is lower than VBISX's 0.15% expense ratio. Despite the difference, 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. VBISX — Risk / Return Rank
TNSHX
VBISX
TNSHX vs. VBISX - Risk-Adjusted Trends 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 Index Fund (VBISX). 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 | VBISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.53 | +0.30 |
Sortino ratioReturn per unit of downside risk | 3.29 | 2.48 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.65 | +1.02 |
Martin ratioReturn relative to average drawdown | 13.23 | 9.58 | +3.65 |
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 | VBISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.53 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.49 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.75 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.34 | -0.32 |
Correlation
The correlation between TNSHX and VBISX is 0.80, 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.
Dividends
TNSHX vs. VBISX - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 3.82%, more than VBISX's 3.51% 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% |
VBISX Vanguard Short-Term Bond Index Fund | 3.51% | 3.44% | 3.29% | 2.10% | 1.38% | 1.16% | 1.72% | 2.16% | 1.92% | 1.58% | 1.42% | 1.34% |
Drawdowns
TNSHX vs. VBISX - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.99%, smaller than the maximum VBISX drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for TNSHX and VBISX.
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Drawdown Indicators
| TNSHX | VBISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.99% | -8.79% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.54% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -8.72% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -5.99% | -8.79% | +2.80% |
Current DrawdownCurrent decline from peak | -0.82% | -1.16% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.87% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.43% | -0.12% |
Volatility
TNSHX vs. VBISX - Volatility Comparison
The current volatility for TIAA-CREF Short-Term Bond Index Fund (TNSHX) is 0.52%, while Vanguard Short-Term Bond Index Fund (VBISX) has a volatility of 0.71%. This indicates that TNSHX experiences smaller price fluctuations and is considered to be less risky than VBISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNSHX | VBISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.71% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 1.50% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 2.44% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 2.91% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 2.37% | -0.57% |