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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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.69%2.25%-1.19%1.81%0.16%-0.08%3.66%
20250.31%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%
20232.74%-2.09%-1.58%0.07%-1.98%0.54%1.40%-1.71%-3.15%-0.70%2.27%1.28%-3.05%
20220.40%0.37%2.09%1.36%-0.42%-0.47%2.85%-2.13%-3.14%0.95%0.13%-2.97%-1.17%
20210.74%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
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.


GRIFX Risk / Return Rank: 2828
Overall Rank
GRIFX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
GRIFX Sortino Ratio Rank: 1919
Sortino Ratio Rank
GRIFX Omega Ratio Rank: 1919
Omega Ratio Rank
GRIFX Calmar Ratio Rank: 5151
Calmar Ratio Rank
GRIFX Martin Ratio Rank: 3030
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


GRIFXBenchmarkDifference
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.


3.00%3.50%4.00%4.50%5.00%5.50%$0.00$0.50$1.00$1.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 1d1y 14d
1y 1moFeb 2020 - Apr 2021
Bear market2022
-4.04%Jun 2022
1mo 22d1mo 15d
3mo 7dApr 2022 - Jul 2022
Rate-hike selloffLate 2018
-2.31%Dec 2018
17d1mo 2d
1mo 19dDec 2018 - Jan 2019
2021 pullback2021
-2.15%Jun 2021
3d24d
27dJun 2021 - Jul 2021

Drawdown Indicators


GRIFXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-2.20%

-1.80%

-0.40%

Average Drawdown

Average peak-to-trough decline

-3.36%

-10.71%

+7.35%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with GRIFX

Add Apollo Diversified Real Estate Fund Class I to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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