TSMWX vs. IJR
Compare and contrast key facts about TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and iShares Core S&P Small-Cap ETF (IJR).
TSMWX is managed by TIAA Investments. It was launched on Aug 5, 2016. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSMWX or IJR.
Key characteristics
| TSMWX | IJR | |
|---|---|---|
| YTD Return | 14.10% | 7.74% |
| 1Y Return | 27.04% | 21.39% |
| 3Y Return (Ann) | 6.73% | 3.51% |
| 5Y Return (Ann) | 13.51% | 9.54% |
| Sharpe Ratio | 1.45 | 1.04 |
| Daily Std Dev | 18.36% | 20.24% |
| Max Drawdown | -44.34% | -58.15% |
| Current Drawdown | -0.06% | -2.10% |
Correlation
The correlation between TSMWX and IJR is 0.95, 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.
Performance
TSMWX vs. IJR - Performance Comparison
In the year-to-date period, TSMWX achieves a 14.10% return, which is significantly higher than IJR's 7.74% 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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TSMWX vs. IJR - Expense Ratio Comparison
TSMWX has a 0.47% expense ratio, which is higher than IJR's 0.07% expense ratio.
Risk-Adjusted Performance
TSMWX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and iShares Core S&P Small-Cap ETF (IJR). 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
TSMWX vs. IJR - Dividend Comparison
TSMWX's dividend yield for the trailing twelve months is around 2.19%, more than IJR's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSMWX TIAA-CREF Quant Small/Mid-Cap Equity Fund | 2.19% | 2.50% | 7.84% | 20.81% | 1.81% | 5.84% | 13.26% | 5.53% | 0.21% | 0.00% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.25% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
TSMWX vs. IJR - Drawdown Comparison
The maximum TSMWX drawdown since its inception was -44.34%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for TSMWX and IJR. For additional features, visit the drawdowns tool.
Volatility
TSMWX vs. IJR - Volatility Comparison
The current volatility for TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) is 5.33%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 5.94%. This indicates that TSMWX experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.