TSBIX vs. BND
TSBIX (TIAA-CREF Core Impact Bond Fund Institutional Class) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 10 years, TSBIX returned 2.05%/yr vs 1.56%/yr for BND. Their correlation of 0.91 suggests significant overlap in exposure. TSBIX charges 0.35%/yr vs 0.03%/yr for BND.
Performance
TSBIX vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSBIX achieves a 0.46% return, which is significantly lower than BND's 0.49% return. Over the past 10 years, TSBIX has outperformed BND with an annualized return of 2.05%, while BND has yielded a comparatively lower 1.56% annualized return.
TSBIX
- 1D
- -0.22%
- 1M
- 0.69%
- YTD
- 0.46%
- 6M
- 1.20%
- 1Y
- 5.39%
- 3Y*
- 5.28%
- 5Y*
- 0.52%
- 10Y*
- 2.05%
BND
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.49%
- 6M
- 0.57%
- 1Y
- 4.23%
- 3Y*
- 3.96%
- 5Y*
- 0.05%
- 10Y*
- 1.56%
TSBIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | 0.46% | 8.69% | 3.32% | 6.05% | -14.43% | -1.03% | 7.43% | 8.94% | 0.08% | 4.52% |
BND Vanguard Total Bond Market ETF | 0.49% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between TSBIX and BND is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.91 |
The correlation between TSBIX and BND has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSBIX vs. BND — Risk / Return Rank
TSBIX
BND
TSBIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) and Vanguard Total Bond Market ETF (BND). 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.
| TSBIX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.59 | +0.39 |
| Martin ratioReturn relative to average drawdown | 5.59 | 4.52 | +1.07 |
Loading charts...
Drawdowns
TSBIX vs. BND - Drawdown Comparison
The maximum TSBIX drawdown since its inception was -19.21%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for TSBIX and BND.
Loading charts...
Drawdown Indicators
| TSBIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -18.58% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.68% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -5.92% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -17.91% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | -18.58% | -0.63% |
Current DrawdownCurrent decline from peak | -1.54% | -2.15% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -3.06% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.94% | +0.07% |
Volatility
TSBIX vs. BND - Volatility Comparison
TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.09% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSBIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.08% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.77% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.74% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 6.03% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 5.53% | -0.68% |
TSBIX vs. BND - Expense Ratio Comparison
TSBIX has a 0.35% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
TSBIX vs. BND - Dividend Comparison
TSBIX's dividend yield for the trailing twelve months is around 4.73%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | 4.73% | 5.38% | 5.10% | 3.77% | 2.31% | 1.69% | 4.56% | 3.68% | 2.63% | 2.45% | 3.19% | 2.89% |
Frequently Asked Questions
TSBIX and BND have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSBIX has higher volatility (1.09%) compared to BND (1.08%). In terms of maximum drawdown, TSBIX dropped -19.21% vs BND's -18.58%.
TSBIX currently has the higher Sharpe Ratio (1.48 vs 1.14), 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.
Find the right allocation for TSBIX and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer