TSBIX vs. BNDX
Compare and contrast key facts about TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) and Vanguard Total International Bond ETF (BNDX).
TSBIX is managed by TIAA Investments. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSBIX or BNDX.
Key characteristics
| TSBIX | BNDX | |
|---|---|---|
| YTD Return | 3.32% | 3.01% |
| 1Y Return | 10.02% | 8.40% |
| 3Y Return (Ann) | -2.24% | -1.05% |
| 5Y Return (Ann) | -0.39% | 0.05% |
| 10Y Return (Ann) | 1.35% | 2.04% |
| Sharpe Ratio | 1.57 | 1.89 |
| Sortino Ratio | 2.33 | 2.89 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 0.54 | 0.66 |
| Martin Ratio | 6.10 | 7.05 |
| Ulcer Index | 1.50% | 1.13% |
| Daily Std Dev | 5.82% | 4.21% |
| Max Drawdown | -20.07% | -16.23% |
| Current Drawdown | -8.57% | -4.59% |
Correlation
The correlation between TSBIX and BNDX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSBIX vs. BNDX - Performance Comparison
In the year-to-date period, TSBIX achieves a 3.32% return, which is significantly higher than BNDX's 3.01% return. Over the past 10 years, TSBIX has underperformed BNDX with an annualized return of 1.35%, while BNDX has yielded a comparatively higher 2.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSBIX vs. BNDX - Expense Ratio Comparison
TSBIX has a 0.35% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
TSBIX vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) and Vanguard Total International Bond ETF (BNDX). 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.
Dividends
TSBIX vs. BNDX - Dividend Comparison
TSBIX's dividend yield for the trailing twelve months is around 4.26%, less than BNDX's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | 4.26% | 3.77% | 2.83% | 1.68% | 2.14% | 2.80% | 2.88% | 2.45% | 2.55% | 2.39% | 1.99% | 1.59% |
BNDX Vanguard Total International Bond ETF | 4.77% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
TSBIX vs. BNDX - Drawdown Comparison
The maximum TSBIX drawdown since its inception was -20.07%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for TSBIX and BNDX. For additional features, visit the drawdowns tool.
Volatility
TSBIX vs. BNDX - Volatility Comparison
TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) has a higher volatility of 1.63% compared to Vanguard Total International Bond ETF (BNDX) at 0.96%. This indicates that TSBIX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.