TSBIX vs. DFESX
TSBIX (TIAA-CREF Core Impact Bond Fund Institutional Class) and DFESX (DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio) are both mutual funds - TSBIX is a Total Bond Market fund managed by TIAA Investments, while DFESX is a Emerging Markets Diversified fund managed by T. Rowe Price. Over the past 10 years, TSBIX returned 2.12%/yr vs 11.15%/yr for DFESX. At a correlation of -0.05, they often move in opposite directions. TSBIX charges 0.35%/yr vs 0.45%/yr for DFESX.
Performance
TSBIX vs. DFESX - Performance Comparison
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Returns By Period
In the year-to-date period, TSBIX achieves a 0.68% return, which is significantly lower than DFESX's 28.96% return. Over the past 10 years, TSBIX has underperformed DFESX with an annualized return of 2.12%, while DFESX has yielded a comparatively higher 11.15% annualized return.
TSBIX
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 0.68%
- 6M
- 0.98%
- 1Y
- 6.46%
- 3Y*
- 5.32%
- 5Y*
- 0.67%
- 10Y*
- 2.12%
DFESX
- 1D
- 0.85%
- 1M
- 10.14%
- YTD
- 28.96%
- 6M
- 31.90%
- 1Y
- 54.42%
- 3Y*
- 24.24%
- 5Y*
- 9.44%
- 10Y*
- 11.15%
TSBIX vs. DFESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | 0.68% | 8.69% | 3.32% | 6.05% | -14.43% | -1.03% | 7.43% | 8.94% | 0.08% | 4.52% |
DFESX DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio | 28.96% | 29.95% | 7.16% | 14.58% | -18.49% | 4.16% | 12.99% | 17.12% | -14.87% | 37.30% |
Correlation
The correlation between TSBIX and DFESX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2012 | -0.05 |
The correlation between TSBIX and DFESX shifts across timeframes, from -0.05 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSBIX vs. DFESX — Risk / Return Rank
TSBIX
DFESX
TSBIX vs. DFESX - 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 DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio (DFESX). 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.
| TSBIX | DFESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.64 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 4.33 | -2.06 |
| Martin ratioReturn relative to average drawdown | 6.80 | 17.30 | -10.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSBIX | DFESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 3.39 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.63 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.70 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.50 | +0.07 |
Drawdowns
TSBIX vs. DFESX - Drawdown Comparison
The maximum TSBIX drawdown since its inception was -19.21%, smaller than the maximum DFESX drawdown of -41.43%. Use the drawdown chart below to compare losses from any high point for TSBIX and DFESX.
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Drawdown Indicators
| TSBIX | DFESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -41.43% | +22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -12.79% | +9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -16.53% | +10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -32.64% | +13.43% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | -41.43% | +22.22% |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -10.76% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.18% | -2.23% |
Volatility
TSBIX vs. DFESX - Volatility Comparison
The current volatility for TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) is 1.34%, while DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio (DFESX) has a volatility of 7.18%. This indicates that TSBIX experiences smaller price fluctuations and is considered to be less risky than DFESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSBIX | DFESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 7.18% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 14.26% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 16.35% | -12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 15.10% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 16.10% | -11.25% |
TSBIX vs. DFESX - Expense Ratio Comparison
TSBIX has a 0.35% expense ratio, which is lower than DFESX's 0.45% expense ratio.
Dividends
TSBIX vs. DFESX - Dividend Comparison
TSBIX's dividend yield for the trailing twelve months is around 4.72%, more than DFESX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFESX DFA Investment Dimensions Group Inc - Emerging Markets Social Core Equity Portfolio | 2.13% | 2.59% | 3.15% | 3.23% | 3.17% | 2.37% | 1.64% | 2.33% | 2.37% | 2.04% | 2.05% | 2.17% |
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | 4.72% | 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 DFESX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFESX has higher volatility (7.18%) compared to TSBIX (1.34%). In terms of maximum drawdown, TSBIX dropped -19.21% vs DFESX's -41.43%.
DFESX currently has the higher Sharpe Ratio (3.39 vs 1.68), 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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