UTBPX vs. TGRNX
UTBPX (UBS Multi Income Bond Fund) and TGRNX (TIAA-CREF Green Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, UTBPX returned 0.15%/yr vs -0.06%/yr for TGRNX. Their correlation of 0.87 means they have usually moved in the same direction. UTBPX charges 1.72%/yr vs 0.45%/yr for TGRNX.
Performance
UTBPX vs. TGRNX - Performance Comparison
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Returns By Period
In the year-to-date period, UTBPX achieves a 0.12% return, which is significantly higher than TGRNX's 0.03% return.
UTBPX
- 1D
- 0.08%
- 1M
- -1.10%
- 6M
- -0.40%
- YTD
- 0.12%
- 1Y
- 3.07%
- 3Y*
- 3.96%
- 5Y*
- 0.15%
- 10Y*
- 1.74%
- ALL TIME*
- 1.98%
TGRNX
- 1D
- 0.11%
- 1M
- -0.88%
- 6M
- -0.22%
- YTD
- 0.03%
- 1Y
- 2.38%
- 3Y*
- 4.43%
- 5Y*
- -0.06%
- 10Y*
- —
- ALL TIME*
- 2.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UTBPX vs. TGRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | 0.12% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | 1.54% |
TGRNX TIAA-CREF Green Bond Fund | 0.03% | 6.76% | 3.08% | 5.73% | -13.43% | -0.60% | 8.57% | 9.15% | 1.43% |
Correlation
The correlation between UTBPX and TGRNX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.87 |
The correlation between UTBPX and TGRNX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
UTBPX vs. TGRNX — Risk / Return Rank
UTBPX
TGRNX
UTBPX vs. TGRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) and TIAA-CREF Green Bond Fund (TGRNX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTBPX | TGRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.39 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.71 | 4.11 | +0.60 |
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Drawdowns
UTBPX vs. TGRNX - Drawdown Comparison
The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum TGRNX drawdown of -17.85%. Use the drawdown chart below to compare losses from any high point for UTBPX and TGRNX.
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Drawdown Indicators
| UTBPX | TGRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -17.85% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.47% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -3.36% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -17.77% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.42% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -5.14% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.84% | +0.02% |
Volatility
UTBPX vs. TGRNX - Volatility Comparison
UBS Multi Income Bond Fund (UTBPX) has a higher volatility of 1.17% compared to TIAA-CREF Green Bond Fund (TGRNX) at 0.81%. This indicates that UTBPX's price experiences larger fluctuations and is considered to be riskier than TGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTBPX | TGRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.81% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 2.44% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 3.09% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 4.84% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 4.79% | -0.42% |
UTBPX vs. TGRNX - Expense Ratio Comparison
UTBPX has a 1.72% expense ratio, which is higher than TGRNX's 0.45% expense ratio.
Dividends
UTBPX vs. TGRNX - Dividend Comparison
UTBPX's dividend yield for the trailing twelve months is around 4.30%, more than TGRNX's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TGRNX TIAA-CREF Green Bond Fund | 3.95% | 4.31% | 4.48% | 3.30% | 2.69% | 2.76% | 4.20% | 4.38% | 0.43% | 0.00% | 0.00% |
UTBPX UBS Multi Income Bond Fund | 4.30% | 4.18% | 4.53% | 3.54% | 2.84% | 1.89% | 2.11% | 2.80% | 3.05% | 2.46% | 1.68% |
Frequently Asked Questions
UTBPX and TGRNX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTBPX has higher volatility (1.17%) compared to TGRNX (0.81%). In terms of maximum drawdown, UTBPX dropped -16.84% vs TGRNX's -17.85%.
TGRNX currently has the higher Sharpe Ratio (1.12 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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