ARYVX vs. IYR
ARYVX (American Century Global Real Estate Fund) and IYR (iShares U.S. Real Estate ETF) are both REIT funds. Over the past 10 years, ARYVX returned 6.41%/yr vs 5.75%/yr for IYR. Their correlation of 0.90 suggests significant overlap in exposure. ARYVX charges 1.11%/yr vs 0.38%/yr for IYR.
Performance
ARYVX vs. IYR - Performance Comparison
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Returns By Period
In the year-to-date period, ARYVX achieves a 9.65% return, which is significantly lower than IYR's 10.54% return. Over the past 10 years, ARYVX has outperformed IYR with an annualized return of 6.41%, while IYR has yielded a comparatively lower 5.75% annualized return.
ARYVX
- 1D
- 1.03%
- 1M
- -0.27%
- YTD
- 9.65%
- 6M
- 9.57%
- 1Y
- 12.79%
- 3Y*
- 12.74%
- 5Y*
- 3.33%
- 10Y*
- 6.41%
IYR
- 1D
- 1.36%
- 1M
- 0.76%
- YTD
- 10.54%
- 6M
- 10.95%
- 1Y
- 9.94%
- 3Y*
- 10.59%
- 5Y*
- 2.71%
- 10Y*
- 5.75%
ARYVX vs. IYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARYVX American Century Global Real Estate Fund | 9.65% | 6.61% | 7.05% | 12.38% | -26.06% | 32.97% | -0.66% | 29.88% | -6.53% | 14.38% |
IYR iShares U.S. Real Estate ETF | 10.54% | 3.38% | 4.41% | 11.89% | -25.51% | 38.74% | -5.23% | 28.21% | -4.33% | 9.31% |
Correlation
The correlation between ARYVX and IYR is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2011 | 0.90 |
The correlation between ARYVX and IYR has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
ARYVX vs. IYR — Risk / Return Rank
ARYVX
IYR
ARYVX vs. IYR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Global Real Estate Fund (ARYVX) and iShares U.S. Real Estate ETF (IYR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ARYVX | IYR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.17 | +0.32 |
| Martin ratioReturn relative to average drawdown | 5.47 | 3.62 | +1.85 |
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Drawdowns
ARYVX vs. IYR - Drawdown Comparison
The maximum ARYVX drawdown since its inception was -39.31%, smaller than the maximum IYR drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for ARYVX and IYR.
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Drawdown Indicators
| ARYVX | IYR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.31% | -74.13% | +34.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -8.54% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.19% | -17.52% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.69% | -33.75% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.31% | -42.32% | +3.01% |
Current DrawdownCurrent decline from peak | -1.74% | -0.84% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -12.88% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.75% | -0.19% |
Volatility
ARYVX vs. IYR - Volatility Comparison
The current volatility for American Century Global Real Estate Fund (ARYVX) is 4.33%, while iShares U.S. Real Estate ETF (IYR) has a volatility of 5.39%. This indicates that ARYVX experiences smaller price fluctuations and is considered to be less risky than IYR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARYVX | IYR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.39% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 10.34% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 13.93% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 18.78% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.53% | 20.37% | -2.84% |
ARYVX vs. IYR - Expense Ratio Comparison
ARYVX has a 1.11% expense ratio, which is higher than IYR's 0.38% expense ratio.
Dividends
ARYVX vs. IYR - Dividend Comparison
ARYVX's dividend yield for the trailing twelve months is around 2.77%, more than IYR's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARYVX American Century Global Real Estate Fund | 2.77% | 3.03% | 2.14% | 2.49% | 7.05% | 7.85% | 0.99% | 4.37% | 3.97% | 3.40% | 4.48% | 2.98% |
IYR iShares U.S. Real Estate ETF | 2.20% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
Frequently Asked Questions
ARYVX and IYR have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYR has higher volatility (5.39%) compared to ARYVX (4.33%). In terms of maximum drawdown, ARYVX dropped -39.31% vs IYR's -74.13%.
ARYVX currently has the higher Sharpe Ratio (1.14 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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