Amy O’Brien, Lei Liao and Jim Campagna, TIAA. April 2016
TIAA tracked the performance of five widely-known SRI* indexes with track records of at least 10 years, and compared returns with those of two broad market indexes, the S&P 500 and the Russell 3000. They found there was no statistical difference in returns, and that the risk profiles were similar. Overall, the authors found no systematic performance penalty.