TRPWX vs. VLEQX

Last updated Apr 2, 2026

Compare and contrast key facts about TIAA-CREF Mid-Cap Growth Fund (TRPWX) and Villere Equity Fund (VLEQX).

TRPWX is managed by TIAA Investments. It was launched on Oct 1, 2002. VLEQX is managed by Villere. It was launched on May 31, 2013.

Performance

TRPWX vs. VLEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Mid-Cap Growth Fund (TRPWX) and Villere Equity Fund (VLEQX). The values are adjusted to include any dividend payments, if applicable.

TRPWX vs. VLEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRPWX TIAA-CREF Mid-Cap Growth Fund	-6.10%	4.26%	8.50%	21.45%	-33.08%	2.88%	45.32%	33.47%	-8.63%	25.57%
VLEQX Villere Equity Fund	-0.45%	0.26%	1.50%	11.37%	-24.50%	5.80%	14.77%	24.50%	-6.98%	7.34%

Returns By Period

In the year-to-date period, TRPWX achieves a -6.10% return, which is significantly lower than VLEQX's -0.45% return. Over the past 10 years, TRPWX has outperformed VLEQX with an annualized return of 7.61%, while VLEQX has yielded a comparatively lower 3.29% annualized return.

TRPWX

• 1D: 3.75%
• 1M: -5.59%
• YTD: -6.10%
• 6M: -10.48%
• 1Y: 8.69%
• 3Y*: 5.54%
• 5Y*: -2.83%
• 10Y*: 7.61%

VLEQX

• 1D: 1.85%
• 1M: -5.01%
• YTD: -0.45%
• 6M: -0.19%
• 1Y: 1.46%
• 3Y*: 1.12%
• 5Y*: -3.25%
• 10Y*: 3.29%

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

TRPWX vs. VLEQX - Expense Ratio Comparison

TRPWX has a 0.46% expense ratio, which is lower than VLEQX's 1.22% expense ratio.

VLEQX

Villere Equity Fund

TRPWX

TIAA-CREF Mid-Cap Growth Fund

Return for Risk

TRPWX vs. VLEQX — Risk / Return Rank

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

TRPWX

TRPWX Risk / Return Rank: 13
TRPWX Sharpe Ratio Rank: 13
TRPWX Sortino Ratio Rank: 15
TRPWX Omega Ratio Rank: 13
TRPWX Calmar Ratio Rank: 13
TRPWX Martin Ratio Rank: 12

VLEQX

VLEQX Risk / Return Rank: 5
VLEQX Sharpe Ratio Rank: 5
VLEQX Sortino Ratio Rank: 5
VLEQX Omega Ratio Rank: 5
VLEQX Calmar Ratio Rank: 6
VLEQX Martin Ratio Rank: 6

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.

TRPWX vs. VLEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Mid-Cap Growth Fund (TRPWX) and Villere Equity Fund (VLEQX). 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.

	TRPWX	VLEQX	Difference
Sharpe ratio Return per unit of total volatility	0.42	0.08	+0.34
Sortino ratio Return per unit of downside risk	0.77	0.24	+0.53
Omega ratio Gain probability vs. loss probability	1.10	1.03	+0.07
Calmar ratio Return relative to maximum drawdown	0.45	0.14	+0.30
Martin ratio Return relative to average drawdown	1.32	0.49	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRPWX vs. VLEQX - Sharpe Ratio Comparison

The current TRPWX Sharpe Ratio is 0.42, which is higher than the VLEQX Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of TRPWX and VLEQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRPWX	VLEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	0.08	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	-0.17	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.17	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.08	+0.35

Correlation

The correlation between TRPWX and VLEQX is 0.83, 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

TRPWX vs. VLEQX - Dividend Comparison

TRPWX's dividend yield for the trailing twelve months is around 11.68%, more than VLEQX's 0.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRPWX TIAA-CREF Mid-Cap Growth Fund	11.68%	10.97%	0.00%	0.18%	0.60%	15.18%	11.52%	11.22%	17.00%	9.47%	0.51%	8.63%
VLEQX Villere Equity Fund	0.54%	0.54%	0.40%	4.64%	2.88%	8.24%	0.73%	0.17%	0.34%	0.00%	0.11%	1.76%

Drawdowns

TRPWX vs. VLEQX - Drawdown Comparison

The maximum TRPWX drawdown since its inception was -58.68%, which is greater than VLEQX's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for TRPWX and VLEQX.

Drawdown Indicators

	TRPWX	VLEQX	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-35.60%	-23.08%
Max Drawdown (1Y) Largest decline over 1 year	-15.51%	-11.43%	-4.08%
Max Drawdown (5Y) Largest decline over 5 years	-44.12%	-33.46%	-10.66%
Max Drawdown (10Y) Largest decline over 10 years	-44.12%	-35.60%	-8.52%
Current Drawdown Current decline from peak	-22.08%	-19.59%	-2.49%
Average Drawdown Average peak-to-trough decline	-11.37%	-12.40%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	3.37%	+1.87%

Volatility

TRPWX vs. VLEQX - Volatility Comparison

TIAA-CREF Mid-Cap Growth Fund (TRPWX) has a higher volatility of 7.11% compared to Villere Equity Fund (VLEQX) at 4.03%. This indicates that TRPWX's price experiences larger fluctuations and is considered to be riskier than VLEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRPWX	VLEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	4.03%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	13.74%	8.50%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	23.57%	16.35%	+7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.53%	19.30%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.24%	19.25%	+3.99%