TRERX vs. FASEX

Last updated Aug 1, 2026

TRERX (Nuveen International Equity Fund Retirement Class) and FASEX (Nuveen Mid Cap Value Fund) are both mutual funds - TRERX is a Foreign Large Cap Equities fund actively managed by Nuveen, while FASEX is a Mid Cap Value Equities fund managed by Nuveen. Over the past 10 years, TRERX returned 8.58%/yr vs 11.00%/yr for FASEX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. TRERX charges 0.70%/yr vs 1.16%/yr for FASEX.

Performance

TRERX vs. FASEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen International Equity Fund Retirement Class (TRERX) and Nuveen Mid Cap Value Fund (FASEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRERX achieves a 9.79% return, which is significantly lower than FASEX's 19.56% return. Over the past 10 years, TRERX has underperformed FASEX with an annualized return of 8.58%, while FASEX has yielded a comparatively higher 11.00% annualized return.

TRERX

• 1D: 3.30%
• 1M: 1.97%
• 6M: 3.77%
• YTD: 9.79%
• 1Y: 26.95%
• 3Y*: 15.31%
• 5Y*: 8.07%
• 10Y*: 8.58%
• ALL TIME*: 7.61%

FASEX

• 1D: 0.70%
• 1M: -0.26%
• 6M: 14.33%
• YTD: 19.56%
• 1Y: 28.65%
• 3Y*: 14.01%
• 5Y*: 9.89%
• 10Y*: 11.00%
• ALL TIME*: 9.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FASEX Nuveen Mid Cap Value Fund	$0.00	$0.00	$0.00
TRERX Nuveen International Equity Fund Retirement Class	$0.00	$0.00	$0.00

TRERX vs. FASEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRERX Nuveen International Equity Fund Retirement Class	9.79%	32.87%	3.71%	16.63%	-17.52%	10.54%	15.51%	22.95%	-23.69%	31.53%
FASEX Nuveen Mid Cap Value Fund	19.56%	9.68%	10.40%	14.20%	-10.63%	34.84%	1.19%	26.68%	-13.00%	19.23%

Correlation

The correlation between TRERX and FASEX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002	0.71

The correlation between TRERX and FASEX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

TRERX vs. FASEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TRERX

TRERX Risk / Return Rank: 50
TRERX Sharpe Ratio Rank: 52
TRERX Sortino Ratio Rank: 52
TRERX Omega Ratio Rank: 50
TRERX Calmar Ratio Rank: 51
TRERX Martin Ratio Rank: 44

FASEX

FASEX Risk / Return Rank: 84
FASEX Sharpe Ratio Rank: 81
FASEX Sortino Ratio Rank: 80
FASEX Omega Ratio Rank: 77
FASEX Calmar Ratio Rank: 92
FASEX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TRERX vs. FASEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen International Equity Fund Retirement Class (TRERX) and Nuveen Mid Cap Value Fund (FASEX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TRERX	FASEX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.93	-0.51
Sortino ratio: Return per unit of downside risk	2.03	2.76	-0.72
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio: Return relative to maximum drawdown	1.93	3.62	-1.69
Martin ratio: Return relative to average drawdown	6.55	13.59	-7.04

TRERX vs. FASEX - Sharpe Ratio Comparison

The current TRERX Sharpe Ratio is 1.41, which is comparable to the FASEX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of TRERX and FASEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRERX vs. FASEX - Drawdown Comparison

The maximum TRERX drawdown since its inception was -64.73%, which is greater than FASEX's maximum drawdown of -55.57%. Use the drawdown chart below to compare losses from any high point for TRERX and FASEX.

Drawdown Indicators

	TRERX	FASEX	Difference
Max Drawdown Largest peak-to-trough decline	-64.73%	-55.57%	-9.16%
Max Drawdown (1Y) Largest decline over 1 year	-13.26%	-7.37%	-5.89%
Max Drawdown (3Y) Largest decline over 3 years	-15.69%	-22.26%	+6.57%
Max Drawdown (5Y) Largest decline over 5 years	-32.21%	-22.26%	-9.95%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	-44.56%	+2.24%
Current Drawdown Current decline from peak	-0.11%	-1.61%	+1.50%
Average Drawdown Average peak-to-trough decline	-14.39%	-8.90%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	1.99%	+1.91%

Volatility

TRERX vs. FASEX - Volatility Comparison

Nuveen International Equity Fund Retirement Class (TRERX) has a higher volatility of 5.71% compared to Nuveen Mid Cap Value Fund (FASEX) at 3.53%. This indicates that TRERX's price experiences larger fluctuations and is considered to be riskier than FASEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRERX	FASEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	3.53%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	10.40%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	13.88%	+4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	17.95%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	20.14%	-2.33%

TRERX vs. FASEX - Expense Ratio Comparison

TRERX has a 0.70% expense ratio, which is lower than FASEX's 1.16% expense ratio.

Dividends

TRERX vs. FASEX - Dividend Comparison

TRERX's dividend yield for the trailing twelve months is around 9.91%, less than FASEX's 12.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASEX Nuveen Mid Cap Value Fund	12.27%	14.67%	5.29%	3.12%	6.32%	4.02%	1.06%	0.89%	4.48%	7.93%	3.67%	3.49%
TRERX Nuveen International Equity Fund Retirement Class	9.91%	10.88%	2.17%	2.28%	1.85%	2.47%	0.93%	1.39%	7.06%	1.25%	1.20%	0.95%

Frequently Asked Questions

Can I hold both TRERX and FASEX in my portfolio?

TRERX and FASEX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRERX or FASEX?

TRERX has higher volatility (5.71%) compared to FASEX (3.53%). In terms of maximum drawdown, TRERX dropped -64.73% vs FASEX's -55.57%.

Which has better risk-adjusted returns?

FASEX currently has the higher Sharpe Ratio (1.93 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.