Tiaa-cref International Correlations

Mutual Funds . USA . 
Fund . Tiaa Cref International Equity
TIEHX Fund  USD 14.15  0.15  1.05%   
The current 90-days correlation between Tiaa Cref International and Vanguard Total International is 0.93 (i.e., Almost no diversification). The correlation of Tiaa-cref International 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 International Correlation With Market

Modest diversification

The correlation between Tiaa Cref International Equity and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tiaa Cref International Equity 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 International Equity. 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-CREF Mutual Fund

  0.71TEDNX Tiaa Cref EmergingPairCorr
  0.72TEDLX Tiaa Cref EmergingPairCorr
  0.71TEDHX Tiaa Cref EmergingPairCorr
  0.7TEDVX Tiaa Cref EmergingPairCorr
  0.73TEDTX Tiaa Cref EmergingPairCorr
  0.71TEDPX Tiaa Cref EmergingPairCorr
  0.63TENWX Tiaa Cref EmergingPairCorr
  0.63TEQLX Tiaa Cref EmergingPairCorr
  0.63TEQKX Tiaa Cref EmergingPairCorr
  0.63TEQHX Tiaa Cref EmergingPairCorr
  0.63TEQSX Tiaa Cref EmergingPairCorr
  0.63TEQPX Tiaa Cref EmergingPairCorr
  0.74TFITX Tiaa Cref LifecyclePairCorr
  0.74TFIRX Tiaa Cref LifecyclePairCorr
  0.74TFIPX Tiaa Cref LifecyclePairCorr
  0.74TFIHX Tiaa Cref LifecyclePairCorr
  0.78TFTIX Tiaa Cref LifecyclePairCorr
  0.78TFTHX Tiaa Cref LifecyclePairCorr
  0.63TGRKX Tiaa Cref GreenPairCorr
  0.7TGRNX Tiaa Cref GreenPairCorr
  0.7TGROX Tiaa Cref GreenPairCorr
  0.69TGRLX Tiaa Cref GreenPairCorr
  0.69TGRMX Tiaa Cref GreenPairCorr
  0.71TIBDX Tiaa Cref BondPairCorr
  0.71TIBFX Tiaa Cref BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between TIAA-CREF Mutual Fund performing well and Tiaa-cref International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VGTSX  0.53 (0.04)(0.13)(0.03) 0.74 
(0.53)
 1.13 
(1.31)
 3.44 
VTIAX  0.53 (0.04)(0.13)(0.03) 0.75 
(0.52)
 1.12 
(1.32)
 3.47 
VTSNX  0.53 (0.04)(0.13)(0.03) 0.75 
(0.52)
 1.12 
(1.34)
 3.48 
VTPSX  0.53 (0.04)(0.13)(0.03) 0.75 
(0.52)
 1.11 
(1.34)
 3.48 
VTISX  0.53 (0.04)(0.13)(0.03) 0.75 
(0.52)
 1.11 
(1.34)
 3.48 
VTMGX  0.54 (0.01)(0.10) 0.04  0.76 
(0.58)
 1.15 
(1.24)
 3.87 
VDVIX  0.54 (0.02)(0.10) 0.02  0.71 
(0.61)
 1.18 
(1.28)
 3.68 
VTMNX  0.54 (0.02)(0.10) 0.03  0.72 
(0.59)
 1.18 
(1.24)
 3.80 
VDIPX  0.54 (0.02)(0.11) 0.03  0.72 
(0.57)
 1.13 
(1.15)
 3.73 
FSPSX  0.56 (0.01)(0.10) 0.04  0.78 
(0.60)
 1.12 
(1.47)
 3.89 

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