Tiaa-cref Bond Correlations

TIBFX Fund

USD 9.21 0.01 0.11%

The current 90-days correlation between Tiaa Cref Bond and Jp Morgan Smartretirement is 0.16 (i.e., Average 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

Average diversification

The correlation between Tiaa Cref Bond Plus and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Bond Plus 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 Plus. 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 census.

Moving together with Tiaa-cref Mutual Fund

0.96	TEDNX	Tiaa Cref Emerging	Pair Corr
0.8	TEDLX	Tiaa Cref Emerging	Pair Corr
0.96	TEDHX	Tiaa Cref Emerging	Pair Corr
0.96	TEDVX	Tiaa Cref Emerging	Pair Corr
0.8	TEDTX	Tiaa Cref Emerging	Pair Corr
0.96	TEDPX	Tiaa Cref Emerging	Pair Corr
0.76	TEMLX	Tiaa Cref Emerging	Pair Corr
0.75	TEMHX	Tiaa Cref Emerging	Pair Corr
0.76	TEMVX	Tiaa Cref Emerging	Pair Corr
0.75	TEMRX	Tiaa Cref Emerging	Pair Corr
0.75	TEMSX	Tiaa Cref Emerging	Pair Corr
0.77	TEQLX	Tiaa Cref Emerging	Pair Corr
0.69	TEQKX	Tiaa Cref Emerging	Pair Corr
0.77	TEQHX	Tiaa Cref Emerging	Pair Corr
0.77	TEQPX	Tiaa Cref Emerging	Pair Corr
1.0	TGRKX	Tiaa Cref Green	Pair Corr
1.0	TGRNX	Tiaa Cref Green	Pair Corr
1.0	TGRMX	Tiaa Cref Green	Pair Corr
1.0	TIBDX	Tiaa Cref Bond	Pair Corr
1.0	TIBHX	Tiaa Cref Bond	Pair Corr
1.0	TIDRX	Tiaa Cref Bond	Pair Corr
1.0	TIDPX	Tiaa Cref Bond	Pair Corr
0.88	TIEHX	Tiaa Cref International	Pair Corr
0.88	TIERX	Tiaa Cref International	Pair Corr
0.69	TIHHX	Tiaa Cref High	Pair Corr
0.7	TIHRX	Tiaa-cref High-yield	Pair Corr
0.79	TIIHX	Tiaa Cref Inflation	Pair Corr

Moving against Tiaa-cref Mutual Fund

0.61	TGIWX	Tiaa Cref Growth	Pair Corr
0.51	TEQWX	Tiaa Cref Equity	Pair Corr
0.69	TILRX	Tiaa-cref Large-cap	Pair Corr
0.69	TILPX	Tiaa-cref Large-cap	Pair Corr
0.69	TILWX	Tiaa-cref Large-cap	Pair Corr
0.69	TILHX	Tiaa-cref Large-cap	Pair Corr
0.69	TILGX	Tiaa Cref Large	Pair Corr
0.62	TIIRX	Tiaa Cref Growth	Pair Corr
0.53	TILIX	Tiaa Cref Large	Pair Corr
0.51	TIEIX	Tiaa Cref Equity	Pair Corr
0.51	TISEX	Tiaa-cref Small-cap	Pair Corr

Related Correlations Analysis

	JTSQX	DIHRX	OPTCX	FLAKQX	TBLDX	FTUFOX	CABIX
JTSQX		0.36	0.2	0.85	0.94	-0.02	0.9	JTSQX
DIHRX	0.36		0.78	0.35	0.63	0.5	0.65	DIHRX
OPTCX	0.2	0.78		0.1	0.42	0.21	0.45	OPTCX
FLAKQX	0.85	0.35	0.1		0.84	0.12	0.85	FLAKQX
TBLDX	0.94	0.63	0.42	0.84		0.19	0.98	TBLDX
FTUFOX	-0.02	0.5	0.21	0.12	0.19		0.23	FTUFOX
CABIX	0.9	0.65	0.45	0.85	0.98	0.23		CABIX
	JTSQX	DIHRX	OPTCX	FLAKQX	TBLDX	FTUFOX	CABIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CABIX	+ 0.98	TBLDX
TBLDX	+ 0.94	JTSQX
CABIX	+ 0.9	JTSQX
FLAKQX	+ 0.85	JTSQX
CABIX	+ 0.85	FLAKQX
TBLDX	+ 0.84	FLAKQX

High negative correlations

FTUFOX

- 0.02

JTSQX

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
JTSQX	0.65	0.00	0.00	(0.07)	0.00	0.00	1.22	(1.34)	3.69
DIHRX	0.60	0.10	0.16	0.13	0.68	(0.69)	1.51	(1.19)	3.80
OPTCX	0.07	0.00	0.24	(0.53)	0.06	(0.17)	0.21	(0.21)	0.93
FLAKQX	0.83	0.04	0.05	(0.01)	1.12	(0.93)	1.75	(2.40)	4.80
TBLDX	0.37	0.01	0.00	(0.05)	0.00	0.00	0.70	(0.80)	2.12
FTUFOX	0.10	0.01	0.59	0.24	0.00	(0.10)	0.20	(0.19)	0.60
CABIX	0.38	0.01	0.00	(0.05)	0.00	0.00	0.73	(0.80)	2.58

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