- ISIN
- US89156Y4070
- CUSIP
- 00170J748
- Issuer
- AMG
- Inception Date
- Dec 31, 1997
- Category
- REIT
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
Share Price Chart
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Performance
MRESX Performance Chart
Cromwell CenterSquare Real Estate Fund (MRESX) is up 13.6% since the beginning of the year. MRESX is currently trading at $13 per share. Investors who bought $1,000 worth of MRESX shares 5 years ago would now be looking at an investment worth $1,357.
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Returns By Period
Cromwell CenterSquare Real Estate Fund (MRESX) has returned 13.63% so far this year and 12.50% over the past 12 months.
Cromwell CenterSquare Real Estate Fund
- 1D
- 0.08%
- 1M
- -1.01%
- YTD
- 13.63%
- 6M
- 13.98%
- 1Y
- 12.50%
- 3Y*
- 10.15%
- 5Y*
- 6.29%
- 10Y*
- —
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%
MRESX Monthly Returns History
Based on dividend-adjusted daily data since Feb 24, 2017, MRESX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 58% of months were positive and 42% were negative. The best month was Dec 2021 with a return of +23.6%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MRESX closed higher 51% of trading days. The best single day was Dec 15, 2021 with a return of +14.0%, while the worst single day was Mar 16, 2020 at -18.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.65% | 7.66% | -5.87% | 9.06% | 0.16% | 0.00% | 13.63% | ||||||
| 2025 | 0.53% | 1.83% | -0.56% | -1.21% | 0.97% | -0.16% | -1.23% | 2.67% | -0.09% | -1.82% | 2.29% | -2.21% | 0.87% |
| 2024 | -4.86% | 1.54% | 1.74% | -7.69% | 5.79% | 2.26% | 7.39% | 5.91% | 3.37% | -3.08% | 3.68% | -7.64% | 7.09% |
| 2023 | 9.93% | -5.84% | -1.71% | 0.69% | -4.42% | 5.50% | 2.16% | -3.46% | -7.15% | -3.13% | 11.92% | 8.99% | 11.77% |
| 2022 | -7.62% | -3.47% | 6.91% | -3.37% | -4.88% | -6.47% | 8.65% | -6.11% | -12.88% | 2.47% | 6.27% | -4.94% | -24.59% |
| 2021 | -0.86% | 2.30% | 5.78% | 7.93% | 1.07% | 3.13% | 5.01% | 1.82% | -5.79% | 6.50% | -1.86% | 23.64% | 57.10% |
Benchmark Metrics
Cromwell CenterSquare Real Estate Fund has an annualized alpha of -1.65%, beta of 0.81, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 24, 2017.
- This fund participated in 94.45% of S&P 500 Index downside but only 75.05% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.47 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
- -1.65%
- Beta
- 0.81
- R²
- 0.47
- Upside Capture
- 75.05%
- Downside Capture
- 94.45%
Expense Ratio
MRESX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MRESX ranks 17 for risk / return — in the bottom 17% 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 Cromwell CenterSquare Real Estate Fund (MRESX) 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.
| MRESX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.78 | -1.03 |
| Martin ratioReturn relative to average drawdown | 5.06 | 12.44 | -7.38 |
Dividends
Dividend History
Cromwell CenterSquare Real Estate Fund provided a 1.41% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.17 | $0.27 | $0.22 | $0.65 | $2.04 | $0.23 | $1.18 | $0.31 | $1.08 |
Dividend yield | 1.41% | 1.49% | 2.40% | 2.01% | 6.49% | 14.54% | 2.19% | 10.71% | 3.24% | 10.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Cromwell CenterSquare 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 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.17 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.27 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.51 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.89 | $2.04 |
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 Cromwell CenterSquare 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 Cromwell CenterSquare Real Estate Fund was 40.84%, occurring on Mar 23, 2020. Recovery took 266 trading sessions.
The current Cromwell CenterSquare Real Estate Fund drawdown is 2.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.84%Mar 2020 | 28d | 1y 21d | 1y 1moFeb 2020 - Apr 2021 |
2023 bear market2023 | -32.98%Oct 2023 | 1y 9mo | 2y 3mo | 4y 1moJan 2022 - Feb 2026 |
Rate-hike selloffLate 2018 | -13.56%Dec 2018 | 17d | 1mo 8d | 1mo 25dDec 2018 - Jan 2019 |
2018 correction2018 | -13.54%Feb 2018 | 1mo 21d | 4mo 27d | 6mo 18dDec 2017 - Jul 2018 |
Rate-hike selloffLate 2018 | -8.25%Oct 2018 | 1mo 14d | 1mo 25d | 3mo 9dAug 2018 - Dec 2018 |
Drawdown Indicators
| MRESX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.84% | -56.78% | +15.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -9.10% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -18.90% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -32.98% | -25.43% | -7.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.89% | -1.80% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -10.71% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.03% | +0.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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