- ISIN
- US4702588157
- CUSIP
- 803431428
- Issuer
- James Alpha Advisors
- Inception Date
- Oct 25, 2009
- Category
- REIT
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
JAREX Performance Chart
Easterly Global Real Estate Fund (JAREX) is up 9.6% since the beginning of the year. JAREX is currently trading at $15 per share. Investors who bought $1,000 worth of JAREX shares 5 years ago would now be looking at an investment worth $967.
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Returns By Period
Easterly Global Real Estate Fund (JAREX) has returned 9.58% so far this year and 5.14% over the past 12 months. Over the last ten years, JAREX has returned 4.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Easterly Global Real Estate Fund
- 1D
- 0.48%
- 1M
- -0.67%
- YTD
- 9.58%
- 6M
- 10.29%
- 1Y
- 5.14%
- 3Y*
- 6.68%
- 5Y*
- -0.66%
- 10Y*
- 4.73%
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%
JAREX Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2009, JAREX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +15.5%, while the worst month was Mar 2020 at -23.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, JAREX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.5%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.86% | 5.90% | -9.12% | 9.32% | 0.20% | -0.87% | 9.58% | ||||||
| 2025 | 2.33% | 1.32% | -1.70% | 3.63% | 3.15% | 1.97% | -3.77% | 1.64% | -0.85% | -3.08% | 0.81% | 0.05% | 5.33% |
| 2024 | -3.96% | -0.15% | 1.33% | -4.48% | 5.00% | -1.37% | 6.68% | 5.97% | 3.74% | -6.99% | 0.93% | -5.09% | 0.44% |
| 2023 | 10.80% | -6.70% | -3.52% | 2.79% | -6.02% | 3.85% | 3.72% | -3.14% | -5.48% | -6.56% | 12.19% | 7.31% | 6.88% |
| 2022 | -4.34% | -0.92% | 2.09% | -4.36% | -2.04% | -7.86% | 6.58% | -8.25% | -13.52% | -0.40% | 10.74% | -3.04% | -24.45% |
| 2021 | -1.09% | 6.89% | 2.79% | 4.85% | 1.08% | 2.10% | 1.12% | -0.26% | -2.40% | 3.59% | -2.72% | 4.54% | 21.95% |
Benchmark Metrics
Easterly Global Real Estate Fund has an annualized alpha of -1.84%, beta of 0.70, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since October 26, 2009.
- This fund participated in 100.20% of S&P 500 Index downside but only 75.31% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.84%
- Beta
- 0.70
- R²
- 0.55
- Upside Capture
- 75.31%
- Downside Capture
- 100.20%
Expense Ratio
JAREX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JAREX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Easterly Global Real Estate Fund (JAREX) 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.
| JAREX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.78 | -2.34 |
| Martin ratioReturn relative to average drawdown | 1.19 | 12.44 | -11.25 |
Dividends
Dividend History
Easterly Global Real Estate Fund provided a 2.97% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.40 | $0.29 | $0.75 | $1.92 | $1.15 | $2.48 | $1.84 | $1.88 | $1.56 | $2.00 |
Dividend yield | 2.97% | 3.25% | 2.98% | 2.16% | 5.76% | 10.54% | 6.95% | 13.63% | 11.79% | 10.05% | 8.78% | 10.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Easterly Global Real Estate Fund. 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.09 | $0.44 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.75 |
| 2021 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.87 | $1.92 |
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 Easterly Global Real Estate Fund. 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 Easterly Global Real Estate Fund was 40.58%, occurring on Mar 23, 2020. Recovery took 244 trading sessions.
The current Easterly Global Real Estate Fund drawdown is 7.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.58%Mar 2020 | 1mo 4d | 11mo 23d | 1y 22dFeb 2020 - Mar 2021 |
2023 bear market2023 | -35.05%Oct 2023 | 1y 11mo | — | 4y 7moNov 2021 - now |
2011 bear market2011 | -27.20%Oct 2011 | 10mo 29d | 10mo 2d | 1y 8moNov 2010 - Jul 2012 |
2016 correction2016 | -18.38%Feb 2016 | 10mo 10d | 3mo 28d | 1y 2moApr 2015 - Jun 2016 |
2013 correction2013 | -14.91%Jun 2013 | 1mo 16d | 1y 7d | 1y 1moMay 2013 - Jul 2014 |
Drawdown Indicators
| JAREX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -56.78% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -9.10% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -18.90% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -25.43% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -33.92% | -6.66% |
Current DrawdownCurrent decline from peak | -7.23% | -1.80% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -10.71% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.03% | +2.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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