CRARX vs. ARIIX
CRARX (MainStay CBRE Real Estate Fund) and ARIIX (AB Global Real Estate Investment Fund II) are both REIT funds. Over the past 10 years, CRARX returned 4.65%/yr vs 4.80%/yr for ARIIX. Their correlation of 0.90 means they have usually moved in the same direction. CRARX charges 0.83%/yr vs 0.74%/yr for ARIIX.
Performance
CRARX vs. ARIIX - Performance Comparison
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Returns By Period
In the year-to-date period, CRARX achieves a 18.63% return, which is significantly higher than ARIIX's 12.37% return. Both investments have delivered pretty close results over the past 10 years, with CRARX having a 4.65% annualized return and ARIIX not far ahead at 4.80%.
CRARX
- 1D
- -1.16%
- 1M
- 0.84%
- 6M
- 15.45%
- YTD
- 18.63%
- 1Y
- 19.80%
- 3Y*
- 8.86%
- 5Y*
- 2.80%
- 10Y*
- 4.65%
- ALL TIME*
- 8.66%
ARIIX
- 1D
- -0.17%
- 1M
- 2.25%
- 6M
- 8.68%
- YTD
- 12.37%
- 1Y
- 18.19%
- 3Y*
- 10.36%
- 5Y*
- 2.51%
- 10Y*
- 4.80%
- ALL TIME*
- 6.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CRARX vs. ARIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 18.63% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
ARIIX AB Global Real Estate Investment Fund II | 12.37% | 10.49% | 2.89% | 12.50% | -25.35% | 26.57% | -4.62% | 23.44% | -4.31% | 14.43% |
Correlation
The correlation between CRARX and ARIIX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 1997 | 0.90 |
The correlation between CRARX and ARIIX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
CRARX vs. ARIIX — Risk / Return Rank
CRARX
ARIIX
CRARX vs. ARIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and AB Global Real Estate Investment Fund II (ARIIX). 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.
| CRARX | ARIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.56 | +0.69 |
| Martin ratioReturn relative to average drawdown | 7.64 | 5.55 | +2.09 |
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Drawdowns
CRARX vs. ARIIX - Drawdown Comparison
The maximum CRARX drawdown since its inception was -72.66%, roughly equal to the maximum ARIIX drawdown of -70.35%. Use the drawdown chart below to compare losses from any high point for CRARX and ARIIX.
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Drawdown Indicators
| CRARX | ARIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.66% | -70.35% | -2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.76% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -17.13% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -33.83% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -42.30% | -2.89% |
Current DrawdownCurrent decline from peak | -1.89% | -0.59% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -12.72% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.02% | -0.60% |
Volatility
CRARX vs. ARIIX - Volatility Comparison
MainStay CBRE Real Estate Fund (CRARX) has a higher volatility of 4.30% compared to AB Global Real Estate Investment Fund II (ARIIX) at 3.48%. This indicates that CRARX's price experiences larger fluctuations and is considered to be riskier than ARIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRARX | ARIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 3.48% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 9.93% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 12.20% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 16.30% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 17.61% | +3.72% |
CRARX vs. ARIIX - Expense Ratio Comparison
CRARX has a 0.83% expense ratio, which is higher than ARIIX's 0.74% expense ratio.
Dividends
CRARX vs. ARIIX - Dividend Comparison
CRARX's dividend yield for the trailing twelve months is around 2.06%, less than ARIIX's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARIIX AB Global Real Estate Investment Fund II | 3.92% | 3.77% | 2.99% | 3.34% | 5.98% | 4.38% | 1.54% | 8.58% | 4.72% | 5.59% | 5.20% | 3.45% |
CRARX MainStay CBRE Real Estate Fund | 2.06% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
Frequently Asked Questions
CRARX and ARIIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRARX has higher volatility (4.30%) compared to ARIIX (3.48%). In terms of maximum drawdown, CRARX dropped -72.66% vs ARIIX's -70.35%.
ARIIX currently has the higher Sharpe Ratio (1.38 vs 1.33), 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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