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.
Performance
TSMWX vs. IJR - Performance Comparison
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TSMWX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSMWX TIAA-CREF Quant Small/Mid-Cap Equity Fund | 2.23% | 16.07% | 18.33% | 20.97% | -16.46% | 32.06% | 15.98% | 30.01% | -7.82% | 17.44% |
IJR iShares Core S&P Small-Cap ETF | 4.11% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 12.52% |
Returns By Period
In the year-to-date period, TSMWX achieves a 2.23% return, which is significantly lower than IJR's 4.11% return.
TSMWX
- 1D
- 3.55%
- 1M
- -5.09%
- YTD
- 2.23%
- 6M
- 4.19%
- 1Y
- 26.32%
- 3Y*
- 17.80%
- 5Y*
- 9.67%
- 10Y*
- —
IJR
- 1D
- 0.49%
- 1M
- -4.18%
- YTD
- 4.11%
- 6M
- 5.47%
- 1Y
- 20.83%
- 3Y*
- 10.67%
- 5Y*
- 4.19%
- 10Y*
- 9.88%
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TSMWX vs. IJR - Expense Ratio Comparison
TSMWX has a 0.47% expense ratio, which is higher than IJR's 0.06% expense ratio.
Return for Risk
TSMWX vs. IJR — Risk / Return Rank
TSMWX
IJR
TSMWX vs. IJR - 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 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.
| TSMWX | IJR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.92 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.43 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.42 | +0.33 |
Martin ratioReturn relative to average drawdown | 7.75 | 5.73 | +2.02 |
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 | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.92 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.20 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.42 | +0.16 |
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.
Dividends
TSMWX vs. IJR - Dividend Comparison
TSMWX's dividend yield for the trailing twelve months is around 8.72%, more than IJR's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSMWX TIAA-CREF Quant Small/Mid-Cap Equity Fund | 8.72% | 8.92% | 12.84% | 2.50% | 7.84% | 20.81% | 1.81% | 5.84% | 13.26% | 4.51% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.28% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
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.
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Drawdown Indicators
| TSMWX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.34% | -58.15% | +13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -14.85% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.87% | -28.02% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.36% | — |
Current DrawdownCurrent decline from peak | -5.54% | -5.26% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -9.34% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.68% | -0.54% |
Volatility
TSMWX vs. IJR - Volatility Comparison
TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) has a higher volatility of 7.69% compared to iShares Core S&P Small-Cap ETF (IJR) at 6.25%. This indicates that TSMWX's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSMWX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 6.25% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 12.99% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 22.66% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 21.51% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 22.91% | -0.55% |