TRPWX vs. TCIEX
TRPWX (TIAA-CREF Mid-Cap Growth Fund) and TCIEX (TIAA-CREF International Equity Index Fund Institutional Class) are both mutual funds - TRPWX is a Mid Cap Growth Equities fund managed by TIAA, while TCIEX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, TRPWX returned 7.49%/yr vs 9.64%/yr for TCIEX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. TRPWX charges 0.46%/yr vs 0.05%/yr for TCIEX.
Performance
TRPWX vs. TCIEX - Performance Comparison
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Returns By Period
In the year-to-date period, TRPWX achieves a -0.49% return, which is significantly lower than TCIEX's 12.68% return. Over the past 10 years, TRPWX has underperformed TCIEX with an annualized return of 7.49%, while TCIEX has yielded a comparatively higher 9.64% annualized return.
TRPWX
- 1D
- 2.64%
- 1M
- -1.99%
- 6M
- 0.95%
- YTD
- -0.49%
- 1Y
- -2.11%
- 3Y*
- 3.87%
- 5Y*
- -3.17%
- 10Y*
- 7.49%
- ALL TIME*
- 9.73%
TCIEX
- 1D
- 2.75%
- 1M
- 2.05%
- 6M
- 7.25%
- YTD
- 12.68%
- 1Y
- 26.15%
- 3Y*
- 16.42%
- 5Y*
- 9.57%
- 10Y*
- 9.64%
- ALL TIME*
- 7.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRPWX vs. TCIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRPWX TIAA-CREF Mid-Cap Growth Fund | -0.49% | 4.26% | 8.50% | 21.45% | -33.08% | 2.88% | 45.32% | 33.47% | -8.63% | 25.57% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 12.68% | 31.55% | 3.69% | 18.21% | -14.19% | 11.30% | 8.13% | 21.82% | -13.27% | 25.34% |
Correlation
The correlation between TRPWX and TCIEX is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.69 |
The correlation between TRPWX and TCIEX has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
TRPWX vs. TCIEX — Risk / Return Rank
TRPWX
TCIEX
TRPWX vs. TCIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Mid-Cap Growth Fund (TRPWX) 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.
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.
| TRPWX | TCIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.29 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.20 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.73 | 8.32 | -9.05 |
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Drawdowns
TRPWX vs. TCIEX - Drawdown Comparison
The maximum TRPWX drawdown since its inception was -58.68%, roughly equal to the maximum TCIEX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for TRPWX and TCIEX.
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Drawdown Indicators
| TRPWX | TCIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -59.27% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -11.35% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -13.58% | -12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -44.12% | -29.25% | -14.87% |
Max Drawdown (10Y)Largest decline over 10 years | -44.12% | -33.58% | -10.54% |
Current DrawdownCurrent decline from peak | -17.42% | 0.00% | -17.42% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -10.52% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 3.00% | +3.14% |
Volatility
TRPWX vs. TCIEX - Volatility Comparison
TIAA-CREF Mid-Cap Growth Fund (TRPWX) has a higher volatility of 5.42% compared to TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) at 4.72%. This indicates that TRPWX's price experiences larger fluctuations and is considered to be riskier 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
| TRPWX | TCIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.72% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 13.43% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 15.82% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 16.25% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.32% | 16.40% | +6.92% |
TRPWX vs. TCIEX - Expense Ratio Comparison
TRPWX has a 0.46% expense ratio, which is higher than TCIEX's 0.05% expense ratio.
Dividends
TRPWX vs. TCIEX - Dividend Comparison
TRPWX's dividend yield for the trailing twelve months is around 11.03%, more than TCIEX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.45% | 3.89% | 3.17% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.06% |
TRPWX TIAA-CREF Mid-Cap Growth Fund | 11.03% | 10.97% | 0.00% | 0.18% | 0.60% | 15.18% | 11.52% | 11.22% | 17.00% | 9.47% | 0.51% | 8.63% |
Frequently Asked Questions
TRPWX and TCIEX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRPWX has higher volatility (5.42%) compared to TCIEX (4.72%). In terms of maximum drawdown, TRPWX dropped -58.68% vs TCIEX's -59.27%.
TCIEX currently has the higher Sharpe Ratio (1.59 vs -0.24), 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.
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