Tiaa Cref Correlations

TRLIX Fund

USD 22.71 0.02 0.09%

The current 90-days correlation between Tiaa Cref Large and Tiaa Cref Emerging Markets is 0.51 (i.e., Very 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

Poor diversification

The correlation between Tiaa Cref Large Cap Value and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref Large Cap Value 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 Large Cap Value. 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 gross domestic product.

Moving together with Tiaa Mutual Fund

0.7	TEQWX	Tiaa Cref Equity	Pair Corr
0.92	TEWCX	Tiaa Cref Social	Pair Corr
0.94	TGIHX	Tiaa Cref Growth	Pair Corr
0.85	TGIWX	Tiaa Cref Growth	Pair Corr
0.97	THCVX	Tiaa Cref Large	Pair Corr

Moving against Tiaa Mutual Fund

0.47	TESHX	Tiaa Cref Short	Pair Corr
0.42	TGRNX	Tiaa Cref Green	Pair Corr
0.42	TGROX	Tiaa Cref Green	Pair Corr
0.41	TGRKX	Tiaa Cref Green	Pair Corr
0.41	TGRLX	Tiaa Cref Green	Pair Corr
0.45	TIBDX	Tiaa Cref Bond	Pair Corr
0.45	TIBHX	Tiaa Cref Bond	Pair Corr
0.45	TIDRX	Tiaa Cref Bond	Pair Corr
0.44	TIDPX	Tiaa Cref Bond	Pair Corr
0.43	TIBFX	Tiaa Cref Bond	Pair Corr
0.42	TGRMX	Tiaa Cref Green	Pair Corr

Related Correlations Analysis

	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX
TEDNX		1.0	1.0	0.85	1.0	1.0	-0.23	0.44	0.44	0.39	TEDNX
TEDLX	1.0		1.0	0.85	1.0	1.0	-0.24	0.45	0.44	0.39	TEDLX
TEDHX	1.0	1.0		0.85	1.0	1.0	-0.24	0.44	0.44	0.38	TEDHX
TEDVX	0.85	0.85	0.85		0.85	0.85	-0.1	0.45	0.44	0.44	TEDVX
TEDTX	1.0	1.0	1.0	0.85		1.0	-0.21	0.45	0.44	0.39	TEDTX
TEDPX	1.0	1.0	1.0	0.85	1.0		-0.23	0.45	0.45	0.39	TEDPX
TEIHX	-0.23	-0.24	-0.24	-0.1	-0.21	-0.23		-0.53	-0.53	-0.46	TEIHX
TEMLX	0.44	0.45	0.44	0.45	0.45	0.45	-0.53		1.0	0.96	TEMLX
TEMHX	0.44	0.44	0.44	0.44	0.44	0.45	-0.53	1.0		0.96	TEMHX
TEMVX	0.39	0.39	0.38	0.44	0.39	0.39	-0.46	0.96	0.96		TEMVX
	TEDNX	TEDLX	TEDHX	TEDVX	TEDTX	TEDPX	TEIHX	TEMLX	TEMHX	TEMVX

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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

TEDLX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDNX
TEDTX	+ 1.0	TEDNX
TEDPX	+ 1.0	TEDNX
TEDHX	+ 1.0	TEDLX
TEDTX	+ 1.0	TEDLX

High negative correlations

TEMHX	- 0.53	TEIHX
TEMLX	- 0.53	TEIHX
TEMVX	- 0.46	TEIHX
TEIHX	- 0.24	TEDHX
TEIHX	- 0.24	TEDLX
TEIHX	- 0.23	TEDPX

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
TEDNX	0.19	(0.03)	0.00	(0.37)	0.00	0.00	0.34	(0.34)	2.85
TEDLX	0.19	(0.03)	0.00	(0.36)	0.00	0.00	0.34	(0.34)	2.86
TEDHX	0.19	(0.03)	0.00	(0.41)	0.00	0.00	0.34	(0.34)	2.85
TEDVX	0.19	(0.02)	0.00	(0.24)	0.00	0.00	0.34	(0.34)	2.97
TEDTX	0.19	(0.03)	0.00	(0.34)	0.00	0.00	0.34	(0.34)	2.86
TEDPX	0.19	(0.03)	0.00	(0.30)	0.00	0.00	0.34	(0.34)	2.63
TEIHX	0.50	0.05	0.06	0.16	0.44	(0.56)	0.99	(0.95)	4.15
TEMLX	0.76	(0.05)	0.00	(0.10)	0.00	0.00	1.69	(1.42)	6.03
TEMHX	0.76	(0.05)	0.00	(0.09)	0.00	0.00	1.69	(1.42)	6.03
TEMVX	0.79	(0.03)	0.00	(1.06)	0.00	0.00	1.68	(1.77)	6.10

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