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TIAA-CREF Real Estate Securities Fund Institutiona...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US87244W7974
CUSIP
87244W797
Inception Date
Oct 1, 2002
Category
REIT
Min. Investment
$2,000,000
Distribution Policy
Distributing
Asset Class
Real Estate

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in TIAA-CREF Real Estate Securities Fund Institutional Class, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has returned 1.02% so far this year and 1.98% over the past 12 months. Over the last ten years, TIREX has returned 5.59% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


TIAA-CREF Real Estate Securities Fund Institutional Class

1D
0.28%
1M
-7.87%
YTD
1.02%
6M
-0.32%
1Y
1.98%
3Y*
6.06%
5Y*
2.33%
10Y*
5.59%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 30, 2002, TIREX's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, your investment would double in approximately 6.6 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +30.1%, while the worst month was Oct 2008 at -29.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TIREX closed higher 52% of trading days. The best single day was Nov 24, 2008 with a return of +17.9%, while the worst single day was Dec 1, 2008 at -19.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.75%7.76%-7.87%1.02%
20250.94%3.80%-3.48%-1.61%1.35%-0.32%-0.79%2.95%0.77%-0.94%2.17%-2.50%2.10%
2024-4.54%2.38%0.95%-8.99%5.54%2.44%7.31%5.76%2.18%-2.74%4.03%-7.56%5.30%
20239.83%-5.51%-1.59%0.79%-4.05%4.93%2.12%-3.14%-6.50%-2.90%11.07%8.52%12.16%
2022-7.64%-3.91%5.85%-4.03%-7.04%-8.47%8.82%-6.23%-12.37%3.23%5.77%-4.87%-28.74%
2021-0.17%3.68%4.17%7.64%1.42%2.79%3.39%1.82%-5.31%7.26%-0.97%8.79%39.39%

Benchmark Metrics

TIAA-CREF Real Estate Securities Fund Institutional Class has an annualized alpha of 0.76%, beta of 1.08, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since October 01, 2002.

  • With beta of 1.08 and R² of 0.55, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha
0.76%
Beta
1.08
0.55
Upside Capture
99.94%
Downside Capture
101.92%

Expense Ratio

TIREX has an expense ratio of 0.47%, placing it in the medium range.


Return for Risk

Risk / Return Rank

TIREX ranks 9 for risk / return — in the bottom 9% 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.


TIREX Risk / Return Rank: 99
Overall Rank
TIREX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
TIREX Sortino Ratio Rank: 77
Sortino Ratio Rank
TIREX Omega Ratio Rank: 77
Omega Ratio Rank
TIREX Calmar Ratio Rank: 99
Calmar Ratio Rank
TIREX Martin Ratio Rank: 1111
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 TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) and compare them to a chosen benchmark (S&P 500 Index).


TIREXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.19

0.90

-0.71

Sortino ratio

Return per unit of downside risk

0.36

1.39

-1.03

Omega ratio

Gain probability vs. loss probability

1.05

1.21

-0.16

Calmar ratio

Return relative to maximum drawdown

0.21

1.40

-1.19

Martin ratio

Return relative to average drawdown

0.87

6.61

-5.73

Explore TIREX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

TIAA-CREF Real Estate Securities Fund Institutional Class provided a 2.72% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 2 consecutive years.


2.00%3.00%4.00%5.00%6.00%7.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.49$0.63$0.55$0.48$0.83$0.73$0.32$1.10$0.51$1.12$0.62$0.84

Dividend yield

2.72%3.56%3.08%2.71%5.13%3.07%1.80%6.18%3.54%7.20%4.16%5.65%

Monthly Dividends

The table displays the monthly dividend distributions for TIAA-CREF Real Estate Securities Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.14$0.00$0.00$0.16$0.00$0.00$0.15$0.00$0.00$0.18$0.63
2024$0.00$0.00$0.13$0.00$0.00$0.15$0.00$0.00$0.14$0.00$0.00$0.13$0.55
2023$0.00$0.00$0.12$0.00$0.00$0.11$0.00$0.00$0.12$0.00$0.00$0.13$0.48
2022$0.00$0.00$0.05$0.00$0.00$0.09$0.00$0.00$0.13$0.00$0.00$0.57$0.83
2021$0.00$0.00$0.07$0.00$0.00$0.09$0.00$0.00$0.08$0.00$0.00$0.49$0.73

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 TIAA-CREF Real Estate Securities Fund Institutional Class. 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 TIAA-CREF Real Estate Securities Fund Institutional Class was 74.18%, occurring on Mar 6, 2009. Recovery took 1028 trading sessions.

The current TIAA-CREF Real Estate Securities Fund Institutional Class drawdown is 13.19%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-74.18%Feb 8, 2007523Mar 6, 20091028Apr 8, 20131551
-39.26%Feb 18, 202025Mar 23, 2020233Feb 24, 2021258
-35.67%Jan 3, 2022456Oct 25, 2023
-17.43%May 22, 201362Aug 19, 2013196May 30, 2014258
-16.63%Apr 2, 200426May 10, 200482Sep 7, 2004108

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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