BREIX vs. CREMX

Last updated Apr 1, 2026

Compare and contrast key facts about Baron Real Estate Fund (BREIX) and Redwood Real Estate Income Fund (CREMX).

BREIX is managed by Baron Capital Group, Inc.. It was launched on Dec 31, 2009. CREMX is an actively managed fund by Redwood. It was launched on Jun 23, 2023.

Performance

BREIX vs. CREMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Real Estate Fund (BREIX) and Redwood Real Estate Income Fund (CREMX). The values are adjusted to include any dividend payments, if applicable.

BREIX vs. CREMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BREIX Baron Real Estate Fund	-7.81%	5.18%	12.46%	9.93%
CREMX Redwood Real Estate Income Fund	1.84%	7.72%	8.09%	1.95%

Returns By Period

In the year-to-date period, BREIX achieves a -7.81% return, which is significantly lower than CREMX's 1.84% return.

BREIX

• 1D: -0.21%
• 1M: -9.59%
• YTD: -7.81%
• 6M: -9.03%
• 1Y: 3.92%
• 3Y*: 8.39%
• 5Y*: 1.79%
• 10Y*: 10.35%

CREMX

• 1D: 0.04%
• 1M: 0.52%
• YTD: 1.84%
• 6M: 3.80%
• 1Y: 7.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BREIX vs. CREMX - Expense Ratio Comparison

BREIX has a 1.05% expense ratio, which is lower than CREMX's 5.16% expense ratio.

CREMX

Redwood Real Estate Income Fund

BREIX

Baron Real Estate Fund

Return for Risk

BREIX vs. CREMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BREIX

BREIX Risk / Return Rank: 10
BREIX Sharpe Ratio Rank: 10
BREIX Sortino Ratio Rank: 11
BREIX Omega Ratio Rank: 10
BREIX Calmar Ratio Rank: 10
BREIX Martin Ratio Rank: 10

CREMX

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

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.

BREIX vs. CREMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund (BREIX) and Redwood Real Estate Income Fund (CREMX). 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.

	BREIX	CREMX	Difference
Sharpe ratio Return per unit of total volatility	0.23	10.81	-10.58
Sortino ratio Return per unit of downside risk	0.47	14.46	-13.99
Omega ratio Gain probability vs. loss probability	1.06	13.62	-12.56
Calmar ratio Return relative to maximum drawdown	0.22	16.19	-15.97
Martin ratio Return relative to average drawdown	0.65	101.79	-101.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BREIX vs. CREMX - Sharpe Ratio Comparison

The current BREIX Sharpe Ratio is 0.23, which is lower than the CREMX Sharpe Ratio of 10.81. The chart below compares the historical Sharpe Ratios of BREIX and CREMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BREIX	CREMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	10.81	-10.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	8.81	-8.19

Correlation

The correlation between BREIX and CREMX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BREIX vs. CREMX - Dividend Comparison

BREIX's dividend yield for the trailing twelve months is around 4.12%, less than CREMX's 6.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BREIX Baron Real Estate Fund	4.12%	3.79%	0.40%	0.43%	2.85%	7.95%	6.18%	13.78%	12.19%	4.71%	1.17%	1.96%
CREMX Redwood Real Estate Income Fund	6.66%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BREIX vs. CREMX - Drawdown Comparison

The maximum BREIX drawdown since its inception was -38.47%, which is greater than CREMX's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for BREIX and CREMX.

Drawdown Indicators

	BREIX	CREMX	Difference
Max Drawdown Largest peak-to-trough decline	-38.47%	-0.71%	-37.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-0.04%	-12.82%
Max Drawdown (5Y) Largest decline over 5 years	-33.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.47%	—	—
Current Drawdown Current decline from peak	-12.56%	0.00%	-12.56%
Average Drawdown Average peak-to-trough decline	-7.59%	-0.02%	-7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	0.08%	+4.28%

Volatility

BREIX vs. CREMX - Volatility Comparison

Baron Real Estate Fund (BREIX) has a higher volatility of 5.33% compared to Redwood Real Estate Income Fund (CREMX) at 0.11%. This indicates that BREIX's price experiences larger fluctuations and is considered to be riskier than CREMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BREIX	CREMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	0.11%	+5.22%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	0.29%	+11.33%
Volatility (1Y) Calculated over the trailing 1-year period	19.89%	0.67%	+19.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	0.89%	+19.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	0.89%	+20.25%