VTMNX vs. TCIEX
Compare and contrast key facts about Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX).
VTMNX is managed by Vanguard. It was launched on Jan 4, 2001. TCIEX is a passively managed fund by TIAA Investments that tracks the performance of the MSCI EAFE Index. It was launched on Oct 1, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTMNX or TCIEX.
Performance
VTMNX vs. TCIEX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VTMNX having a 4.30% return and TCIEX slightly higher at 4.39%. Both investments have delivered pretty close results over the past 10 years, with VTMNX having a 5.24% annualized return and TCIEX not far behind at 5.06%.
VTMNX
4.30%
-4.12%
-1.65%
11.36%
5.86%
5.24%
TCIEX
4.39%
-4.76%
-2.60%
10.92%
5.72%
5.06%
Key characteristics
| VTMNX | TCIEX | |
|---|---|---|
| Sharpe Ratio | 0.86 | 0.77 |
| Sortino Ratio | 1.25 | 1.15 |
| Omega Ratio | 1.15 | 1.14 |
| Calmar Ratio | 1.23 | 1.18 |
| Martin Ratio | 3.99 | 3.67 |
| Ulcer Index | 2.72% | 2.85% |
| Daily Std Dev | 12.63% | 13.56% |
| Max Drawdown | -60.58% | -60.62% |
| Current Drawdown | -7.92% | -8.72% |
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VTMNX vs. TCIEX - Expense Ratio Comparison
Both VTMNX and TCIEX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between VTMNX and TCIEX is 0.97, 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.
Risk-Adjusted Performance
VTMNX vs. TCIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX). 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
VTMNX vs. TCIEX - Dividend Comparison
VTMNX's dividend yield for the trailing twelve months is around 3.06%, more than TCIEX's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMNX Vanguard Developed Markets Index Fund Institutional Shares | 3.06% | 3.15% | 2.91% | 3.15% | 2.04% | 3.05% | 3.34% | 2.77% | 3.06% | 2.92% | 3.71% | 2.62% |
TCIEX TIAA-CREF International Equity Index Fund Institutional Class | 3.01% | 3.14% | 2.82% | 3.02% | 1.96% | 3.08% | 3.42% | 2.78% | 2.95% | 3.05% | 3.94% | 2.83% |
Drawdowns
VTMNX vs. TCIEX - Drawdown Comparison
The maximum VTMNX drawdown since its inception was -60.58%, roughly equal to the maximum TCIEX drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for VTMNX and TCIEX. For additional features, visit the drawdowns tool.
Volatility
VTMNX vs. TCIEX - Volatility Comparison
Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) and TIAA-CREF International Equity Index Fund Institutional Class (TCIEX) have volatilities of 3.59% and 3.75%, 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.