Tiaa Cref Correlations

TIRHX Fund

USD 18.02 0.03 0.17%

The current 90-days correlation between Tiaa Cref Real and Tiaa Cref International Equity is 0.37 (i.e., Weak diversification). The correlation of Tiaa Cref 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 Correlation With Market

Modest diversification

The correlation between Tiaa Cref Real Estate and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Real Estate 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 Real Estate. 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 rate.

Moving together with Tiaa Mutual Fund

1.0	VGSIX	Vanguard Reit Index	Pair Corr
1.0	VGSLX	Vanguard Reit Index	Pair Corr
1.0	VGSNX	Vanguard Reit Index	Pair Corr
1.0	DFREX	Dfa Real Estate	Pair Corr
0.98	CSCIX	Cohen Steers Real	Pair Corr
0.98	CSEIX	Cohen Steers Real	Pair Corr
0.98	CSDIX	Cohen Steers Real	Pair Corr
1.0	VRTPX	Vanguard Reit Ii	Pair Corr
0.98	CSRIX	Cohen And Steers	Pair Corr
0.99	PIREX	Real Estate Securities	Pair Corr
0.75	GPBFX	Gmo E Plus	Pair Corr
0.79	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.87	TRV	The Travelers Companies	Pair Corr

Moving against Tiaa Mutual Fund

0.75	PQTAX	Pimco Trends Managed	Pair Corr
0.75	PQTNX	Pimco Trends Managed	Pair Corr
0.75	PQTIX	Aa Pimco Tr	Pair Corr
0.61	GPMFX	Guidepath Managed Futures	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.52	ASDIX	Aamhimco Short Duration	Pair Corr
0.32	LSYFX	Lord Abbett Short	Pair Corr

Related Correlations Analysis

	TIIEX	TIISX	TIIRX	TRCIX	TIILX	TIIWX	TRCVX	TILRX	TILPX
TIIEX		0.9	0.55	0.82	0.83	0.81	0.53	0.38	-0.16	TIIEX
TIISX	0.9		0.58	0.83	0.7	0.67	0.51	0.42	-0.19	TIISX
TIIRX	0.55	0.58		0.83	0.52	0.46	0.93	0.74	-0.35	TIIRX
TRCIX	0.82	0.83	0.83		0.78	0.74	0.85	0.59	-0.23	TRCIX
TIILX	0.83	0.7	0.52	0.78		0.99	0.63	0.38	-0.03	TIILX
TIIWX	0.81	0.67	0.46	0.74	0.99		0.59	0.37	0.05	TIIWX
TRCVX	0.53	0.51	0.93	0.85	0.63	0.59		0.7	-0.21	TRCVX
TILRX	0.38	0.42	0.74	0.59	0.38	0.37	0.7		0.34	TILRX
TILPX	-0.16	-0.19	-0.35	-0.23	-0.03	0.05	-0.21	0.34		TILPX
	TIIEX	TIISX	TIIRX	TRCIX	TIILX	TIIWX	TRCVX	TILRX	TILPX

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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

TIIWX	+ 0.99	TIILX
TRCVX	+ 0.93	TIIRX
TIISX	+ 0.9	TIIEX
TRCVX	+ 0.85	TRCIX
TIILX	+ 0.83	TIIEX
TRCIX	+ 0.83	TIISX

High negative correlations

TILPX	- 0.35	TIIRX
TILPX	- 0.23	TRCIX
TILPX	- 0.21	TRCVX
TILPX	- 0.19	TIISX
TILPX	- 0.16	TIIEX
TILPX	- 0.03	TIILX

Risk-Adjusted Indicators

There is a big difference between Tiaa Mutual Fund performing well and Tiaa Cref 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'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
TIIEX	0.56	(0.06)	0.00	(0.20)	0.00	0.00	0.99	(1.15)	4.14
TIISX	0.50	(0.10)	0.00	(0.33)	0.00	0.00	1.12	(1.11)	3.53
TIIRX	0.70	(0.07)	0.00	(0.09)	0.00	0.00	1.16	(1.59)	7.40
TRCIX	0.30	(0.05)	0.00	(0.19)	0.00	0.00	0.55	(0.61)	3.08
TIILX	0.14	(0.01)	0.00	(0.22)	0.00	0.00	0.29	(0.29)	0.86
TIIWX	0.13	(0.01)	0.00	(0.20)	0.00	0.00	0.29	(0.29)	0.86
TRCVX	0.57	(0.03)	0.00	(0.03)	0.00	0.00	1.13	(0.95)	5.44
TILRX	0.91	(0.01)	(0.01)	0.01	1.53	(0.87)	1.76	(2.36)	7.35
TILPX	0.84	0.08	0.06	0.14	1.10	(0.90)	1.78	(2.03)	5.85

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