CRARX vs. FIREX
Compare and contrast key facts about MainStay CBRE Real Estate Fund (CRARX) and Fidelity International Real Estate Fund (FIREX).
CRARX is managed by New York Life. It was launched on Dec 31, 1996. FIREX is managed by Fidelity. It was launched on Sep 8, 2004.
Performance
CRARX vs. FIREX - Performance Comparison
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CRARX vs. FIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 4.62% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
FIREX Fidelity International Real Estate Fund | -1.98% | 22.85% | -9.46% | 4.01% | -26.61% | 11.85% | 5.71% | 27.96% | -6.15% | 24.61% |
Returns By Period
In the year-to-date period, CRARX achieves a 4.62% return, which is significantly higher than FIREX's -1.98% return. Over the past 10 years, CRARX has outperformed FIREX with an annualized return of 4.37%, while FIREX has yielded a comparatively lower 3.74% annualized return.
CRARX
- 1D
- 0.57%
- 1M
- -5.92%
- YTD
- 4.62%
- 6M
- 3.08%
- 1Y
- 2.11%
- 3Y*
- 5.09%
- 5Y*
- 3.28%
- 10Y*
- 4.37%
FIREX
- 1D
- 1.37%
- 1M
- -6.74%
- YTD
- -1.98%
- 6M
- 0.50%
- 1Y
- 16.10%
- 3Y*
- 4.31%
- 5Y*
- -1.76%
- 10Y*
- 3.74%
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CRARX vs. FIREX - Expense Ratio Comparison
CRARX has a 0.83% expense ratio, which is lower than FIREX's 0.95% expense ratio.
Return for Risk
CRARX vs. FIREX — Risk / Return Rank
CRARX
FIREX
CRARX vs. FIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and Fidelity International Real Estate Fund (FIREX). 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.
| CRARX | FIREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 1.23 | -1.07 |
Sortino ratioReturn per unit of downside risk | 0.33 | 1.70 | -1.36 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.21 | -0.91 |
Martin ratioReturn relative to average drawdown | 1.17 | 5.00 | -3.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRARX | FIREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 1.23 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.13 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.27 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.25 | +0.07 |
Correlation
The correlation between CRARX and FIREX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CRARX vs. FIREX - Dividend Comparison
CRARX's dividend yield for the trailing twelve months is around 1.65%, less than FIREX's 3.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 1.65% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
FIREX Fidelity International Real Estate Fund | 3.03% | 2.97% | 5.27% | 1.86% | 4.44% | 5.44% | 1.77% | 5.10% | 2.01% | 1.46% | 4.14% | 2.87% |
Drawdowns
CRARX vs. FIREX - Drawdown Comparison
The maximum CRARX drawdown since its inception was -72.66%, roughly equal to the maximum FIREX drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for CRARX and FIREX.
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Drawdown Indicators
| CRARX | FIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.66% | -71.40% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | -13.75% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -37.14% | +1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -37.14% | -8.05% |
Current DrawdownCurrent decline from peak | -12.88% | -19.09% | +6.21% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -18.74% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.32% | -0.22% |
Volatility
CRARX vs. FIREX - Volatility Comparison
The current volatility for MainStay CBRE Real Estate Fund (CRARX) is 4.24%, while Fidelity International Real Estate Fund (FIREX) has a volatility of 5.53%. This indicates that CRARX experiences smaller price fluctuations and is considered to be less risky than FIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRARX | FIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.53% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 8.96% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.87% | 13.02% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 13.56% | +5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 13.69% | +7.59% |