AWP vs. QREARX

Last updated Aug 1, 2026

AWP (abrdn Global Premier Properties Fund) and QREARX (TIAA Real Estate Account) are both REIT funds. Both are actively managed. Over the past year, AWP returned 18.54% vs 4.33% for QREARX. Their -0.11 correlation means they have often moved in opposite directions in the past. AWP charges 1.19%/yr vs 0.90%/yr for QREARX.

Performance

AWP vs. QREARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Global Premier Properties Fund (AWP) and TIAA Real Estate Account (QREARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AWP achieves a 12.37% return, which is significantly higher than QREARX's 2.46% return.

AWP

• 1D: -0.74%
• 1M: 2.52%
• 6M: 8.40%
• YTD: 12.37%
• 1Y: 18.54%
• 3Y*: 12.66%
• 5Y*: 1.07%
• 10Y*: 7.41%
• ALL TIME*: 2.15%

QREARX

• 1D: 0.02%
• 1M: 0.32%
• 6M: 2.31%
• YTD: 2.46%
• 1Y: 4.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AWP abrdn Global Premier Properties Fund	$2.23M	$2.78M	$1.81M
QREARX TIAA Real Estate Account	$0.00	$0.00	$0.00

AWP vs. QREARX - Yearly Performance Comparison

	2026 (YTD)	2025
AWP abrdn Global Premier Properties Fund	12.37%	13.31%
QREARX TIAA Real Estate Account	2.46%	3.93%

Correlation

The correlation between AWP and QREARX is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	-0.11

Return for Risk

AWP vs. QREARX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AWP

AWP Risk / Return Rank: 43
AWP Sharpe Ratio Rank: 51
AWP Sortino Ratio Rank: 48
AWP Omega Ratio Rank: 50
AWP Calmar Ratio Rank: 30
AWP Martin Ratio Rank: 36

QREARX

QREARX Risk / Return Rank: 99
QREARX Sharpe Ratio Rank: 99
QREARX Sortino Ratio Rank: 100
QREARX Omega Ratio Rank: 99
QREARX Calmar Ratio Rank: 99
QREARX Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AWP vs. QREARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Global Premier Properties Fund (AWP) and TIAA Real Estate Account (QREARX). 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.

	AWP	QREARX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	4.42	-3.07
Sortino ratio: Return per unit of downside risk	1.90	11.47	-9.57
Omega ratio: Gain probability vs. loss probability	1.25	3.33	-2.09
Calmar ratio: Return relative to maximum drawdown	1.34	14.94	-13.60
Martin ratio: Return relative to average drawdown	5.28	61.13	-55.85

AWP vs. QREARX - Sharpe Ratio Comparison

The current AWP Sharpe Ratio is 1.34, which is lower than the QREARX Sharpe Ratio of 4.42. The chart below compares the historical Sharpe Ratios of AWP and QREARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AWP vs. QREARX - Drawdown Comparison

The maximum AWP drawdown since its inception was -85.93%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for AWP and QREARX.

Drawdown Indicators

	AWP	QREARX	Difference
Max Drawdown Largest peak-to-trough decline	-85.93%	-1.45%	-84.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-0.29%	-13.85%
Max Drawdown (3Y) Largest decline over 3 years	-23.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.95%	—	—
Current Drawdown Current decline from peak	-1.71%	-0.02%	-1.69%
Average Drawdown Average peak-to-trough decline	-27.18%	-0.05%	-27.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	0.07%	+3.51%

Volatility

AWP vs. QREARX - Volatility Comparison

abrdn Global Premier Properties Fund (AWP) has a higher volatility of 3.24% compared to TIAA Real Estate Account (QREARX) at 0.10%. This indicates that AWP's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWP	QREARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	0.10%	+3.14%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	0.86%	+10.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	0.99%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.95%	1.69%	+20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.53%	1.69%	+21.84%

AWP vs. QREARX - Expense Ratio Comparison

AWP has a 1.19% expense ratio, which is higher than QREARX's 0.90% expense ratio.

Dividends

AWP vs. QREARX - Dividend Comparison

AWP's dividend yield for the trailing twelve months is around 11.94%, while QREARX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWP abrdn Global Premier Properties Fund	11.94%	12.50%	12.44%	12.37%	12.31%	7.02%	9.13%	8.49%	12.05%	8.90%	11.70%	10.40%
QREARX TIAA Real Estate Account	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AWP and QREARX in my portfolio?

AWP and QREARX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AWP or QREARX?

AWP has higher volatility (3.24%) compared to QREARX (0.10%). In terms of maximum drawdown, AWP dropped -85.93% vs QREARX's -1.45%.

Which has better risk-adjusted returns?

QREARX currently has the higher Sharpe Ratio (4.42 vs 1.34), 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.