TSBIX vs. VCEB
Compare and contrast key facts about TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) and Vanguard ESG U.S. Corporate Bond ETF (VCEB).
TSBIX is managed by TIAA Investments. VCEB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays MSCI US Corp SRI Select Index. It was launched on Sep 22, 2020.
Performance
TSBIX vs. VCEB - Performance Comparison
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TSBIX vs. VCEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | -0.18% | 8.69% | 3.32% | 6.05% | -14.43% | -1.03% | 1.46% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | -0.36% | 7.48% | 2.23% | 8.52% | -15.15% | -1.99% | 2.46% |
Returns By Period
In the year-to-date period, TSBIX achieves a -0.18% return, which is significantly higher than VCEB's -0.36% return.
TSBIX
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- -0.18%
- 6M
- 1.06%
- 1Y
- 4.54%
- 3Y*
- 4.80%
- 5Y*
- 0.67%
- 10Y*
- 2.17%
VCEB
- 1D
- 0.15%
- 1M
- -1.43%
- YTD
- -0.36%
- 6M
- -0.06%
- 1Y
- 4.43%
- 3Y*
- 4.56%
- 5Y*
- 0.61%
- 10Y*
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TSBIX vs. VCEB - Expense Ratio Comparison
TSBIX has a 0.35% expense ratio, which is higher than VCEB's 0.12% expense ratio.
Return for Risk
TSBIX vs. VCEB — Risk / Return Rank
TSBIX
VCEB
TSBIX vs. VCEB - 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 ESG U.S. Corporate Bond ETF (VCEB). 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 | VCEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.87 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.23 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.67 | +0.45 |
Martin ratioReturn relative to average drawdown | 6.29 | 5.21 | +1.08 |
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 | VCEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.87 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.09 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.03 | +0.52 |
Correlation
The correlation between TSBIX and VCEB is 0.87, 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
TSBIX vs. VCEB - Dividend Comparison
TSBIX's dividend yield for the trailing twelve months is around 4.34%, less than VCEB's 4.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSBIX TIAA-CREF Core Impact Bond Fund Institutional Class | 4.34% | 5.38% | 5.10% | 3.77% | 2.31% | 1.69% | 4.56% | 3.68% | 2.63% | 2.45% | 3.19% | 2.89% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.64% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TSBIX vs. VCEB - Drawdown Comparison
The maximum TSBIX drawdown since its inception was -19.21%, smaller than the maximum VCEB drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for TSBIX and VCEB.
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Drawdown Indicators
| TSBIX | VCEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -21.60% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.82% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -21.39% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -1.72% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -7.83% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.90% | +0.05% |
Volatility
TSBIX vs. VCEB - Volatility Comparison
The current volatility for TIAA-CREF Core Impact Bond Fund Institutional Class (TSBIX) is 1.50%, while Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a volatility of 2.16%. This indicates that TSBIX experiences smaller price fluctuations and is considered to be less risky than VCEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSBIX | VCEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 2.16% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.94% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 5.10% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 6.84% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 6.72% | -1.89% |