- Issuer
- Apollo
- Inception Date
- Jun 30, 2014
- Category
- REIT
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GRIFX Performance Chart
Apollo Diversified Real Estate Fund Class I (GRIFX) is up 3.7% since the beginning of the year. GRIFX is currently trading at $24 per share. Investors who bought $1,000 worth of GRIFX shares 5 years ago would now be looking at an investment worth $1,192.
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Returns By Period
Apollo Diversified Real Estate Fund Class I (GRIFX) has returned 3.66% so far this year and 4.47% over the past 12 months. Over the last ten years, GRIFX has returned 4.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Apollo Diversified Real Estate Fund Class I
- 1D
- 0.04%
- 1M
- -0.15%
- YTD
- 3.66%
- 6M
- 3.66%
- 1Y
- 4.47%
- 3Y*
- 2.44%
- 5Y*
- 3.58%
- 10Y*
- 4.35%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GRIFX Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 2015, GRIFX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 72% of months were positive and 28% were negative. The best month was Dec 2021 with a return of +3.8%, while the worst month was Mar 2020 at -4.7%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GRIFX closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +1.8%, while the worst single day was Mar 16, 2020 at -2.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | 2.25% | -1.19% | 1.81% | 0.16% | -0.08% | 3.66% | ||||||
| 2025 | 0.31% | 0.74% | -1.09% | -0.35% | 0.59% | 0.17% | -0.48% | 1.16% | 0.40% | -0.28% | 0.56% | -0.57% | 1.14% |
| 2024 | -1.53% | -0.47% | -0.30% | -1.51% | 1.53% | 0.72% | 2.51% | 2.88% | 1.21% | -0.45% | 1.44% | -2.17% | 3.78% |
| 2023 | 2.74% | -2.09% | -1.58% | 0.07% | -1.98% | 0.54% | 1.40% | -1.71% | -3.15% | -0.70% | 2.27% | 1.28% | -3.05% |
| 2022 | 0.40% | 0.37% | 2.09% | 1.36% | -0.42% | -0.47% | 2.85% | -2.13% | -3.14% | 0.95% | 0.13% | -2.97% | -1.17% |
| 2021 | 0.74% | 0.89% | 1.83% | 2.61% | 0.82% | 0.26% | 2.89% | 1.19% | 0.46% | 3.23% | 1.46% | 3.82% | 22.08% |
Benchmark Metrics
Apollo Diversified Real Estate Fund Class I has an annualized alpha of 2.87%, beta of 0.14, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since August 07, 2015.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.13%) than losses (14.34%) - typical of diversified or defensive assets.
- Beta of 0.14 may look defensive, but with R2 of 0.31 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.31 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.87%
- Beta
- 0.14
- R²
- 0.31
- Upside Capture
- 20.13%
- Downside Capture
- 14.34%
Expense Ratio
GRIFX has a high expense ratio of 2.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GRIFX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Apollo Diversified Real Estate Fund Class I (GRIFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GRIFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.78 | -0.18 |
| Martin ratioReturn relative to average drawdown | 6.42 | 12.44 | -6.02 |
Dividends
Dividend History
Apollo Diversified Real Estate Fund Class I provided a 7.82% dividend yield over the last twelve months, with an annual payout of $1.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.91 | $1.33 | $1.36 | $1.43 | $1.18 | $1.10 | $1.34 | $1.46 | $1.42 | $1.41 | $1.40 | $0.68 |
Dividend yield | 7.82% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Apollo Diversified Real Estate Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.93 | $1.25 | ||||||
| 2025 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $1.33 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.34 | $1.36 |
| 2023 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $1.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.38 | $1.18 |
| 2021 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.39 | $1.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Apollo Diversified Real Estate Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Apollo Diversified Real Estate Fund Class I was 14.29%, occurring on Apr 16, 2024. The portfolio has not yet recovered.
The current Apollo Diversified Real Estate Fund Class I drawdown is 2.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 correction2024 | -14.29%Apr 2024 | 1y 8mo | — | 3y 10moAug 2022 - now |
COVID crash2020 | -8.79%Mar 2020 | 1mo 1d | 1y 14d | 1y 1moFeb 2020 - Apr 2021 |
Bear market2022 | -4.04%Jun 2022 | 1mo 22d | 1mo 15d | 3mo 7dApr 2022 - Jul 2022 |
Rate-hike selloffLate 2018 | -2.31%Dec 2018 | 17d | 1mo 2d | 1mo 19dDec 2018 - Jan 2019 |
2021 pullback2021 | -2.15%Jun 2021 | 3d | 24d | 27dJun 2021 - Jul 2021 |
Drawdown Indicators
| GRIFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -56.78% | +42.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -9.10% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -18.90% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -25.43% | +11.14% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | -33.92% | +19.63% |
Current DrawdownCurrent decline from peak | -2.20% | -1.80% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -10.71% | +7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.03% | -1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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