UTBPX vs. TIBDX
UTBPX (UBS Multi Income Bond Fund) and TIBDX (TIAA-CREF Core Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, UTBPX returned 1.98%/yr vs 1.92%/yr for TIBDX. Their correlation of 0.88 suggests significant overlap in exposure. UTBPX charges 1.72%/yr vs 0.29%/yr for TIBDX.
Performance
UTBPX vs. TIBDX - Performance Comparison
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Returns By Period
In the year-to-date period, UTBPX achieves a 0.93% return, which is significantly higher than TIBDX's 0.45% return. Both investments have delivered pretty close results over the past 10 years, with UTBPX having a 1.98% annualized return and TIBDX not far behind at 1.92%.
UTBPX
- 1D
- -0.37%
- 1M
- 0.67%
- YTD
- 0.93%
- 6M
- 1.01%
- 1Y
- 5.18%
- 3Y*
- 4.40%
- 5Y*
- 0.56%
- 10Y*
- 1.98%
TIBDX
- 1D
- 0.11%
- 1M
- 0.71%
- YTD
- 0.45%
- 6M
- 0.71%
- 1Y
- 4.64%
- 3Y*
- 4.22%
- 5Y*
- 0.10%
- 10Y*
- 1.92%
UTBPX vs. TIBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTBPX UBS Multi Income Bond Fund | 0.93% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
TIBDX TIAA-CREF Core Bond Fund | 0.45% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
Correlation
The correlation between UTBPX and TIBDX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.88 |
The correlation between UTBPX and TIBDX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
UTBPX vs. TIBDX — Risk / Return Rank
UTBPX
TIBDX
UTBPX vs. TIBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Multi Income Bond Fund (UTBPX) and TIAA-CREF Core Bond Fund (TIBDX). 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 | TIBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.69 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.93 | 4.96 | +1.97 |
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Drawdowns
UTBPX vs. TIBDX - Drawdown Comparison
The maximum UTBPX drawdown since its inception was -16.84%, smaller than the maximum TIBDX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for UTBPX and TIBDX.
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Drawdown Indicators
| UTBPX | TIBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -18.82% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.98% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -6.29% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -18.82% | +1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | -18.82% | +1.98% |
Current DrawdownCurrent decline from peak | -0.81% | -1.43% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -2.30% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.01% | -0.21% |
Volatility
UTBPX vs. TIBDX - Volatility Comparison
UBS Multi Income Bond Fund (UTBPX) has a higher volatility of 1.19% compared to TIAA-CREF Core Bond Fund (TIBDX) at 1.10%. This indicates that UTBPX's price experiences larger fluctuations and is considered to be riskier than TIBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTBPX | TIBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.10% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 2.95% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.88% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.64% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 4.74% | -0.38% |
UTBPX vs. TIBDX - Expense Ratio Comparison
UTBPX has a 1.72% expense ratio, which is higher than TIBDX's 0.29% expense ratio.
Dividends
UTBPX vs. TIBDX - Dividend Comparison
UTBPX's dividend yield for the trailing twelve months is around 4.25%, less than TIBDX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | 4.46% | 4.34% | 3.60% | 3.22% | 2.44% | 2.39% | 4.45% | 3.09% | 2.88% | 2.93% | 3.80% | 4.68% |
UTBPX UBS Multi Income Bond Fund | 4.25% | 4.18% | 4.53% | 3.54% | 2.84% | 1.89% | 2.11% | 2.80% | 3.05% | 2.46% | 1.68% | 0.00% |
Frequently Asked Questions
UTBPX and TIBDX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTBPX has higher volatility (1.19%) compared to TIBDX (1.10%). In terms of maximum drawdown, UTBPX dropped -16.84% vs TIBDX's -18.82%.
UTBPX currently has the higher Sharpe Ratio (1.41 vs 1.30), 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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