CRARX vs. CREEX
CRARX (MainStay CBRE Real Estate Fund) and CREEX (Columbia Real Estate Equity Fund) are both REIT funds. Over the past 10 years, CRARX returned 5.42%/yr vs 6.05%/yr for CREEX. With a 0.97 correlation, they move nearly in lockstep. CRARX charges 0.83%/yr vs 1.01%/yr for CREEX.
Performance
CRARX vs. CREEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRARX achieves a 16.77% return, which is significantly higher than CREEX's 15.29% return. Over the past 10 years, CRARX has underperformed CREEX with an annualized return of 5.42%, while CREEX has yielded a comparatively higher 6.05% annualized return.
CRARX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 16.77%
- 6M
- 16.43%
- 1Y
- 16.84%
- 3Y*
- 10.57%
- 5Y*
- 3.14%
- 10Y*
- 5.42%
CREEX
- 1D
- 0.28%
- 1M
- -0.46%
- YTD
- 15.29%
- 6M
- 14.79%
- 1Y
- 17.99%
- 3Y*
- 12.05%
- 5Y*
- 4.89%
- 10Y*
- 6.05%
CRARX vs. CREEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 16.77% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
CREEX Columbia Real Estate Equity Fund | 15.29% | 0.19% | 7.40% | 16.20% | -25.10% | 41.91% | -3.54% | 28.40% | -7.21% | 4.56% |
Correlation
The correlation between CRARX and CREEX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.97 |
The correlation between CRARX and CREEX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRARX vs. CREEX — Risk / Return Rank
CRARX
CREEX
CRARX vs. CREEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and Columbia Real Estate Equity Fund (CREEX). 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 | CREEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.82 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.49 | 5.67 | -0.17 |
Loading charts...
Drawdowns
CRARX vs. CREEX - Drawdown Comparison
The maximum CRARX drawdown since its inception was -72.66%, roughly equal to the maximum CREEX drawdown of -70.78%. Use the drawdown chart below to compare losses from any high point for CRARX and CREEX.
Loading charts...
Drawdown Indicators
| CRARX | CREEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.66% | -70.78% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -7.94% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -19.89% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -31.25% | -4.18% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -41.42% | -3.77% |
Current DrawdownCurrent decline from peak | -2.76% | -1.38% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -12.55% | -10.70% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.67% | -0.10% |
Volatility
CRARX vs. CREEX - Volatility Comparison
MainStay CBRE Real Estate Fund (CRARX) and Columbia Real Estate Equity Fund (CREEX) have volatilities of 5.09% and 4.99%, 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.
Loading charts...
Volatility by Period
| CRARX | CREEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 4.99% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 10.11% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 14.16% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 19.06% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 20.70% | +0.62% |
CRARX vs. CREEX - Expense Ratio Comparison
CRARX has a 0.83% expense ratio, which is lower than CREEX's 1.01% expense ratio.
Dividends
CRARX vs. CREEX - Dividend Comparison
CRARX's dividend yield for the trailing twelve months is around 2.15%, less than CREEX's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.15% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
CREEX Columbia Real Estate Equity Fund | 3.77% | 6.26% | 10.13% | 32.32% | 5.92% | 6.41% | 7.50% | 12.02% | 8.22% | 14.73% | 4.23% | 8.59% |
Frequently Asked Questions
With a correlation of 0.96, CRARX and CREEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CRARX has higher volatility (5.09%) compared to CREEX (4.99%). In terms of maximum drawdown, CRARX dropped -72.66% vs CREEX's -70.78%.
CRARX currently has the higher Sharpe Ratio (1.03 vs 1.02), 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.
Find the right allocation for CRARX and CREEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer