TSMWX vs. FSSNX
Compare and contrast key facts about TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and Fidelity Small Cap Index Fund (FSSNX).
TSMWX is managed by TIAA Investments. It was launched on Aug 5, 2016. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
TSMWX vs. FSSNX - Performance Comparison
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TSMWX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSMWX TIAA-CREF Quant Small/Mid-Cap Equity Fund | -1.27% | 16.07% | 18.33% | 20.97% | -16.46% | 32.06% | 15.98% | 30.01% | -7.82% | 17.44% |
FSSNX Fidelity Small Cap Index Fund | -2.46% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 13.80% |
Returns By Period
In the year-to-date period, TSMWX achieves a -1.27% return, which is significantly higher than FSSNX's -2.46% return.
TSMWX
- 1D
- -1.59%
- 1M
- -7.63%
- YTD
- -1.27%
- 6M
- 0.62%
- 1Y
- 22.52%
- 3Y*
- 16.44%
- 5Y*
- 9.34%
- 10Y*
- —
FSSNX
- 1D
- -1.44%
- 1M
- -8.16%
- YTD
- -2.46%
- 6M
- -0.28%
- 1Y
- 21.68%
- 3Y*
- 11.92%
- 5Y*
- 3.17%
- 10Y*
- 9.53%
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TSMWX vs. FSSNX - Expense Ratio Comparison
TSMWX has a 0.47% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Return for Risk
TSMWX vs. FSSNX — Risk / Return Rank
TSMWX
FSSNX
TSMWX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and Fidelity Small Cap Index Fund (FSSNX). 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.
| TSMWX | FSSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.92 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.41 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.34 | +0.04 |
Martin ratioReturn relative to average drawdown | 6.12 | 5.05 | +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
| TSMWX | FSSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.92 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.14 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.48 | +0.08 |
Correlation
The correlation between TSMWX and FSSNX is 0.97, 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
TSMWX vs. FSSNX - Dividend Comparison
TSMWX's dividend yield for the trailing twelve months is around 9.03%, more than FSSNX's 1.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSMWX TIAA-CREF Quant Small/Mid-Cap Equity Fund | 9.03% | 8.92% | 12.84% | 2.50% | 7.84% | 20.81% | 1.81% | 5.84% | 13.26% | 4.51% | 0.00% | 0.00% |
FSSNX Fidelity Small Cap Index Fund | 1.11% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Drawdowns
TSMWX vs. FSSNX - Drawdown Comparison
The maximum TSMWX drawdown since its inception was -44.34%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for TSMWX and FSSNX.
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Drawdown Indicators
| TSMWX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.34% | -41.72% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -13.89% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -31.87% | +6.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.72% | — |
Current DrawdownCurrent decline from peak | -8.78% | -11.00% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -8.37% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.68% | -0.54% |
Volatility
TSMWX vs. FSSNX - Volatility Comparison
TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and Fidelity Small Cap Index Fund (FSSNX) have volatilities of 6.72% and 6.60%, 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.
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Volatility by Period
| TSMWX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 6.60% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 14.12% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 23.11% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 22.56% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 23.38% | -1.05% |