BREIX vs. CSEIX
BREIX (Baron Real Estate Fund) and CSEIX (Cohen & Steers Real Estate Securities Fund, Inc.) are both REIT funds. Over the past 10 years, BREIX returned 11.82%/yr vs 7.00%/yr for CSEIX. A 0.75 correlation means they provide meaningful diversification when combined. BREIX charges 1.05%/yr vs 1.10%/yr for CSEIX.
Performance
BREIX vs. CSEIX - Performance Comparison
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Returns By Period
In the year-to-date period, BREIX achieves a 3.45% return, which is significantly lower than CSEIX's 13.06% return. Over the past 10 years, BREIX has outperformed CSEIX with an annualized return of 11.82%, while CSEIX has yielded a comparatively lower 7.00% annualized return.
BREIX
- 1D
- -0.54%
- 1M
- 3.81%
- YTD
- 3.45%
- 6M
- 2.21%
- 1Y
- 13.51%
- 3Y*
- 11.64%
- 5Y*
- 3.16%
- 10Y*
- 11.82%
CSEIX
- 1D
- 1.29%
- 1M
- -0.55%
- YTD
- 13.06%
- 6M
- 13.77%
- 1Y
- 11.65%
- 3Y*
- 12.10%
- 5Y*
- 3.82%
- 10Y*
- 7.00%
BREIX vs. CSEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BREIX Baron Real Estate Fund | 3.45% | 5.18% | 12.46% | 25.04% | -28.45% | 24.41% | 44.35% | 44.60% | -22.05% | 31.44% |
CSEIX Cohen & Steers Real Estate Securities Fund, Inc. | 13.06% | 4.01% | 6.50% | 12.81% | -26.47% | 41.29% | -1.99% | 31.50% | -4.52% | 7.79% |
Correlation
The correlation between BREIX and CSEIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2009 | 0.75 |
The correlation between BREIX and CSEIX shifts across timeframes, from 0.65 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BREIX vs. CSEIX — Risk / Return Rank
BREIX
CSEIX
BREIX vs. CSEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund (BREIX) and Cohen & Steers Real Estate Securities Fund, Inc. (CSEIX). 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.
| BREIX | CSEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.67 | -0.44 |
| Martin ratioReturn relative to average drawdown | 3.49 | 4.91 | -1.42 |
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Drawdowns
BREIX vs. CSEIX - Drawdown Comparison
The maximum BREIX drawdown since its inception was -38.47%, smaller than the maximum CSEIX drawdown of -72.58%. Use the drawdown chart below to compare losses from any high point for BREIX and CSEIX.
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Drawdown Indicators
| BREIX | CSEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -72.58% | +34.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -7.92% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -23.91% | -17.31% | -6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -33.93% | -33.25% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.47% | -42.75% | +4.28% |
Current DrawdownCurrent decline from peak | -1.89% | -1.69% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -10.71% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 2.69% | +1.73% |
Volatility
BREIX vs. CSEIX - Volatility Comparison
Baron Real Estate Fund (BREIX) and Cohen & Steers Real Estate Securities Fund, Inc. (CSEIX) have volatilities of 5.04% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BREIX | CSEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 5.14% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 10.65% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 13.89% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 18.90% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.24% | 20.98% | +0.26% |
BREIX vs. CSEIX - Expense Ratio Comparison
BREIX has a 1.05% expense ratio, which is lower than CSEIX's 1.10% expense ratio.
Dividends
BREIX vs. CSEIX - Dividend Comparison
BREIX's dividend yield for the trailing twelve months is around 3.67%, more than CSEIX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREIX Baron Real Estate Fund | 3.67% | 3.79% | 0.40% | 0.43% | 2.85% | 7.95% | 6.18% | 13.78% | 12.19% | 4.71% | 1.17% | 1.96% |
CSEIX Cohen & Steers Real Estate Securities Fund, Inc. | 3.38% | 3.75% | 2.72% | 2.89% | 7.91% | 4.37% | 5.48% | 7.83% | 3.51% | 2.39% | 5.87% | 23.00% |
Frequently Asked Questions
BREIX and CSEIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSEIX has higher volatility (5.14%) compared to BREIX (5.04%). In terms of maximum drawdown, BREIX dropped -38.47% vs CSEIX's -72.58%.
CSEIX currently has the higher Sharpe Ratio (0.96 vs 0.91), 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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