Tiaa-cref Bond Correlations

TIBDX Fund

USD 9.11 0.03 0.33%

The current 90-days correlation between Tiaa Cref Bond and Intermediate Term Bond Fund is 0.97 (i.e., Almost no diversification). The correlation of Tiaa-cref Bond is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Tiaa-cref Bond Correlation With Market

Significant diversification

The correlation between Tiaa Cref Bond Fund and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Bond Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tiaa Cref Bond Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Tiaa-cref Mutual Fund

0.66	TESHX	Tiaa Cref Short	Pair Corr
0.99	TGRKX	Tiaa Cref Green	Pair Corr
0.99	TGRNX	Tiaa Cref Green	Pair Corr
0.99	TGROX	Tiaa Cref Green	Pair Corr
0.99	TGRLX	Tiaa Cref Green	Pair Corr
0.99	TGRMX	Tiaa Cref Green	Pair Corr
1.0	TIBHX	Tiaa Cref Bond	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.44	TGIHX	Tiaa Cref Growth	Pair Corr
0.44	TGIWX	Tiaa Cref Growth	Pair Corr
0.38	TEIHX	Tiaa Cref Equity	Pair Corr
0.38	TEQWX	Tiaa Cref Equity	Pair Corr
0.49	TILRX	Tiaa-cref Large-cap	Pair Corr
0.49	TILPX	Tiaa-cref Large-cap	Pair Corr
0.44	TIGRX	Tiaa Cref Growth	Pair Corr
0.44	TIIRX	Tiaa Cref Growth	Pair Corr
0.38	TICRX	Tiaa Cref Social	Pair Corr
0.38	TIEIX	Tiaa Cref Equity	Pair Corr

Related Correlations Analysis

	UIITX	MSTBX	DLTNX	BMOPX	ABNCX	DHGCX	SCCIX
UIITX		0.84	0.97	0.99	0.92	0.79	0.98	UIITX
MSTBX	0.84		0.93	0.89	0.91	0.6	0.78	MSTBX
DLTNX	0.97	0.93		0.98	0.95	0.69	0.94	DLTNX
BMOPX	0.99	0.89	0.98		0.94	0.78	0.96	BMOPX
ABNCX	0.92	0.91	0.95	0.94		0.71	0.88	ABNCX
DHGCX	0.79	0.6	0.69	0.78	0.71		0.75	DHGCX
SCCIX	0.98	0.78	0.94	0.96	0.88	0.75		SCCIX
	UIITX	MSTBX	DLTNX	BMOPX	ABNCX	DHGCX	SCCIX

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Risk-Adjusted Indicators

There is a big difference between Tiaa-cref Mutual Fund performing well and Tiaa-cref Bond Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tiaa-cref Bond's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UIITX	0.27	0.02	0.46	5.71	0.28	(0.30)	0.56	(0.55)	1.73
MSTBX	0.11	0.02	0.91	(1.34)	0.00	(0.17)	0.21	(0.21)	0.82
DLTNX	0.26	0.03	0.48	(1.79)	0.23	(0.31)	0.58	(0.46)	1.69
BMOPX	0.27	0.00	0.42	0.00	0.30	(0.29)	0.56	(0.56)	1.77
ABNCX	0.20	0.03	0.50	(0.77)	0.21	(0.23)	0.49	(0.40)	1.76
DHGCX	0.21	0.01	0.45	(0.29)	0.27	(0.21)	0.47	(0.42)	1.39
SCCIX	0.29	0.02	0.43	9.01	0.30	(0.33)	0.57	(0.56)	1.85

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