TRIRX vs. TIEIX

Last updated Jun 24, 2026

TRIRX (Nuveen Large Cap Growth Index Fund Retirement Class) and TIEIX (Nuveen Equity Index Fund Class I) are both mutual funds - TRIRX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while TIEIX is a Large Cap Blend Equities fund tracking the Russell 3000 Index. Both are passively managed. Over the past 10 years, TRIRX returned 18.18%/yr vs 15.07%/yr for TIEIX. With a 0.95 correlation, they move nearly in lockstep. TRIRX charges 0.30%/yr vs 0.09%/yr for TIEIX.

Performance

TRIRX vs. TIEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) and Nuveen Equity Index Fund Class I (TIEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRIRX achieves a 3.02% return, which is significantly lower than TIEIX's 10.07% return. Over the past 10 years, TRIRX has outperformed TIEIX with an annualized return of 18.18%, while TIEIX has yielded a comparatively lower 15.07% annualized return.

TRIRX

• 1D: -1.26%
• 1M: -2.50%
• YTD: 3.02%
• 6M: 1.70%
• 1Y: 19.51%
• 3Y*: 22.25%
• 5Y*: 13.27%
• 10Y*: 18.18%

TIEIX

• 1D: -0.33%
• 1M: 0.49%
• YTD: 10.07%
• 6M: 8.95%
• 1Y: 25.43%
• 3Y*: 21.02%
• 5Y*: 12.38%
• 10Y*: 15.07%

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

TRIRX vs. TIEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIRX Nuveen Large Cap Growth Index Fund Retirement Class	3.02%	18.13%	32.98%	42.30%	-29.41%	27.32%	38.06%	35.98%	-1.91%	28.50%
TIEIX Nuveen Equity Index Fund Class I	10.07%	17.04%	23.71%	25.92%	-19.18%	25.64%	20.82%	30.89%	-5.27%	19.05%

Correlation

The correlation between TRIRX and TIEIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 6, 2002	0.95

The correlation between TRIRX and TIEIX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

TRIRX vs. TIEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRIRX

TRIRX Risk / Return Rank: 20
TRIRX Sharpe Ratio Rank: 24
TRIRX Sortino Ratio Rank: 22
TRIRX Omega Ratio Rank: 23
TRIRX Calmar Ratio Rank: 15
TRIRX Martin Ratio Rank: 17

TIEIX

TIEIX Risk / Return Rank: 63
TIEIX Sharpe Ratio Rank: 60
TIEIX Sortino Ratio Rank: 55
TIEIX Omega Ratio Rank: 55
TIEIX Calmar Ratio Rank: 69
TIEIX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRIRX vs. TIEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) and Nuveen Equity Index Fund Class I (TIEIX). 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.

	TRIRX	TIEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.10	-0.81
Sortino ratio: Return per unit of downside risk	1.80	2.85	-1.06
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.29	3.04	-1.76
Martin ratio: Return relative to average drawdown	4.18	13.55	-9.37

TRIRX vs. TIEIX - Sharpe Ratio Comparison

The current TRIRX Sharpe Ratio is 1.29, which is lower than the TIEIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TRIRX and TIEIX, 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

TRIRX vs. TIEIX - Drawdown Comparison

The maximum TRIRX drawdown since its inception was -51.49%, smaller than the maximum TIEIX drawdown of -55.55%. Use the drawdown chart below to compare losses from any high point for TRIRX and TIEIX.

Drawdown Indicators

	TRIRX	TIEIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-55.55%	+4.06%
Max Drawdown (1Y) Largest decline over 1 year	-16.32%	-8.84%	-7.48%
Max Drawdown (3Y) Largest decline over 3 years	-23.38%	-19.29%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.82%	-25.06%	-7.76%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-34.90%	+2.08%
Current Drawdown Current decline from peak	-5.36%	-1.47%	-3.89%
Average Drawdown Average peak-to-trough decline	-6.89%	-10.28%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	1.98%	+3.01%

Volatility

TRIRX vs. TIEIX - Volatility Comparison

Nuveen Large Cap Growth Index Fund Retirement Class (TRIRX) has a higher volatility of 5.94% compared to Nuveen Equity Index Fund Class I (TIEIX) at 4.73%. This indicates that TRIRX's price experiences larger fluctuations and is considered to be riskier than TIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRIRX	TIEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	4.73%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	12.76%	10.07%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	12.81%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	17.40%	+4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	18.45%	+2.71%

TRIRX vs. TIEIX - Expense Ratio Comparison

TRIRX has a 0.30% expense ratio, which is higher than TIEIX's 0.09% expense ratio.

Dividends

TRIRX vs. TIEIX - Dividend Comparison

TRIRX's dividend yield for the trailing twelve months is around 4.03%, more than TIEIX's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIEIX Nuveen Equity Index Fund Class I	2.17%	2.39%	1.63%	1.47%	1.83%	2.08%	1.43%	1.99%	2.45%	0.52%	2.45%	1.27%
TRIRX Nuveen Large Cap Growth Index Fund Retirement Class	4.03%	4.15%	3.00%	1.67%	10.58%	8.44%	1.69%	2.13%	3.69%	0.68%	1.09%	1.31%

Frequently Asked Questions

Can I hold both TRIRX and TIEIX in my portfolio?

With a correlation of 0.91, TRIRX and TIEIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TRIRX or TIEIX?

TRIRX has higher volatility (5.94%) compared to TIEIX (4.73%). In terms of maximum drawdown, TRIRX dropped -51.49% vs TIEIX's -55.55%.

Which has better risk-adjusted returns?

TIEIX currently has the higher Sharpe Ratio (2.10 vs 1.29), 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.