TRPWX vs. USMIX
TRPWX (TIAA-CREF Mid-Cap Growth Fund) and USMIX (USAA Extended Market Index Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, TRPWX returned 7.49%/yr vs 11.58%/yr for USMIX. Their correlation of 0.92 means they have usually moved in the same direction. TRPWX charges 0.46%/yr vs 0.38%/yr for USMIX.
Performance
TRPWX vs. USMIX - 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 USMIX's 14.54% return. Over the past 10 years, TRPWX has underperformed USMIX with an annualized return of 7.49%, while USMIX has yielded a comparatively higher 11.58% 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%
USMIX
- 1D
- 0.74%
- 1M
- -0.85%
- 6M
- 10.00%
- YTD
- 14.54%
- 1Y
- 27.62%
- 3Y*
- 14.44%
- 5Y*
- 6.30%
- 10Y*
- 11.58%
- ALL TIME*
- 8.65%
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. USMIX - 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% |
USMIX USAA Extended Market Index Fund | 14.54% | 10.44% | 11.99% | 25.81% | -24.04% | 15.29% | 31.20% | 27.93% | -9.71% | 17.72% |
Correlation
The correlation between TRPWX and USMIX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | 0.92 |
The correlation between TRPWX and USMIX shifts across timeframes, from 0.80 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRPWX vs. USMIX — Risk / Return Rank
TRPWX
USMIX
TRPWX vs. USMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Mid-Cap Growth Fund (TRPWX) and USAA Extended Market Index Fund (USMIX). 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 | USMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.47 | -2.76 |
| Martin ratioReturn relative to average drawdown | -0.73 | 9.02 | -9.75 |
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Drawdowns
TRPWX vs. USMIX - Drawdown Comparison
The maximum TRPWX drawdown since its inception was -58.68%, roughly equal to the maximum USMIX drawdown of -57.91%. Use the drawdown chart below to compare losses from any high point for TRPWX and USMIX.
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Drawdown Indicators
| TRPWX | USMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -57.91% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -9.97% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -31.84% | +5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -44.12% | -37.86% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -44.12% | -41.86% | -2.26% |
Current DrawdownCurrent decline from peak | -17.42% | -1.33% | -16.09% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -11.93% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 2.73% | +3.41% |
Volatility
TRPWX vs. USMIX - Volatility Comparison
TIAA-CREF Mid-Cap Growth Fund (TRPWX) has a higher volatility of 5.42% compared to USAA Extended Market Index Fund (USMIX) at 3.25%. This indicates that TRPWX's price experiences larger fluctuations and is considered to be riskier than USMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRPWX | USMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.25% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 11.77% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 16.60% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 24.94% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.32% | 23.62% | -0.30% |
TRPWX vs. USMIX - Expense Ratio Comparison
TRPWX has a 0.46% expense ratio, which is higher than USMIX's 0.38% expense ratio.
Dividends
TRPWX vs. USMIX - Dividend Comparison
TRPWX's dividend yield for the trailing twelve months is around 11.03%, more than USMIX's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USMIX USAA Extended Market Index Fund | 5.65% | 6.47% | 14.41% | 4.41% | 8.78% | 17.98% | 3.32% | 3.18% | 6.48% | 7.48% | 7.07% | 8.02% |
Frequently Asked Questions
TRPWX and USMIX have a correlation of 0.80, 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 USMIX (3.25%). In terms of maximum drawdown, TRPWX dropped -58.68% vs USMIX's -57.91%.
USMIX currently has the higher Sharpe Ratio (1.48 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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