TSMWX vs. IVOG
Compare and contrast key facts about TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG).
TSMWX is managed by TIAA Investments. It was launched on Aug 5, 2016. IVOG is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSMWX or IVOG.
Key characteristics
| TSMWX | IVOG | |
|---|---|---|
| YTD Return | 14.10% | 14.89% |
| 1Y Return | 27.04% | 23.51% |
| 3Y Return (Ann) | 6.73% | 4.70% |
| 5Y Return (Ann) | 13.51% | 10.96% |
| Sharpe Ratio | 1.45 | 1.37 |
| Daily Std Dev | 18.36% | 16.99% |
| Max Drawdown | -44.34% | -39.32% |
| Current Drawdown | -0.06% | -2.97% |
Correlation
The correlation between TSMWX and IVOG is 0.96, 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. IVOG - Performance Comparison
In the year-to-date period, TSMWX achieves a 14.10% return, which is significantly lower than IVOG's 14.89% 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. IVOG - Expense Ratio Comparison
TSMWX has a 0.47% expense ratio, which is higher than IVOG's 0.15% expense ratio.
Risk-Adjusted Performance
TSMWX vs. IVOG - 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 Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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. IVOG - Dividend Comparison
TSMWX's dividend yield for the trailing twelve months is around 2.19%, more than IVOG's 1.00% 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% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 1.00% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.03% | 1.04% | 0.81% | 0.66% |
Drawdowns
TSMWX vs. IVOG - Drawdown Comparison
The maximum TSMWX drawdown since its inception was -44.34%, which is greater than IVOG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for TSMWX and IVOG. For additional features, visit the drawdowns tool.
Volatility
TSMWX vs. IVOG - Volatility Comparison
TIAA-CREF Quant Small/Mid-Cap Equity Fund (TSMWX) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) have volatilities of 5.33% and 5.39%, 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.