CRARX vs. MSOAX
CRARX (MainStay CBRE Real Estate Fund) and MSOAX (MainStay WMC Enduring Capital Fund) are both mutual funds - CRARX is a REIT fund managed by New York Life, while MSOAX is a Large Cap Blend Equities fund managed by New York Life. Over the past 10 years, CRARX returned 4.65%/yr vs 10.61%/yr for MSOAX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. CRARX charges 0.83%/yr vs 0.91%/yr for MSOAX.
Performance
CRARX vs. MSOAX - 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 MSOAX's 5.51% return. Over the past 10 years, CRARX has underperformed MSOAX with an annualized return of 4.65%, while MSOAX has yielded a comparatively higher 10.61% annualized return.
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%
MSOAX
- 1D
- -1.74%
- 1M
- -1.29%
- 6M
- 2.71%
- YTD
- 5.51%
- 1Y
- 2.36%
- 3Y*
- 7.17%
- 5Y*
- 5.81%
- 10Y*
- 10.61%
- ALL TIME*
- 7.14%
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. MSOAX - 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% |
MSOAX MainStay WMC Enduring Capital Fund | 5.51% | -0.61% | 10.54% | 17.67% | -13.18% | 35.36% | 15.48% | 24.80% | -7.00% | 23.82% |
Correlation
The correlation between CRARX and MSOAX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 29, 1998 | 0.61 |
The correlation between CRARX and MSOAX shifts across timeframes, from 0.57 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRARX vs. MSOAX — Risk / Return Rank
CRARX
MSOAX
CRARX vs. MSOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and MainStay WMC Enduring Capital Fund (MSOAX). 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 | MSOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.02 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.06 | +2.19 |
| Martin ratioReturn relative to average drawdown | 7.64 | 0.13 | +7.51 |
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Drawdowns
CRARX vs. MSOAX - Drawdown Comparison
The maximum CRARX drawdown since its inception was -72.66%, which is greater than MSOAX's maximum drawdown of -55.16%. Use the drawdown chart below to compare losses from any high point for CRARX and MSOAX.
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Drawdown Indicators
| CRARX | MSOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.66% | -55.16% | -17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.64% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -14.69% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -21.27% | -14.16% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -34.01% | -11.18% |
Current DrawdownCurrent decline from peak | -1.89% | -5.30% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -13.25% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 4.98% | -2.56% |
Volatility
CRARX vs. MSOAX - Volatility Comparison
The current volatility for MainStay CBRE Real Estate Fund (CRARX) is 4.30%, while MainStay WMC Enduring Capital Fund (MSOAX) has a volatility of 4.97%. This indicates that CRARX experiences smaller price fluctuations and is considered to be less risky than MSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRARX | MSOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.97% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 10.17% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 13.33% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 15.99% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 17.80% | +3.53% |
CRARX vs. MSOAX - Expense Ratio Comparison
CRARX has a 0.83% expense ratio, which is lower than MSOAX's 0.91% expense ratio.
Dividends
CRARX vs. MSOAX - Dividend Comparison
CRARX's dividend yield for the trailing twelve months is around 2.06%, less than MSOAX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MSOAX MainStay WMC Enduring Capital Fund | 3.86% | 4.07% | 0.26% | 0.64% | 4.00% | 8.70% | 0.83% | 5.99% | 13.82% | 0.88% | 1.22% | 1.11% |
Frequently Asked Questions
CRARX and MSOAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOAX has higher volatility (4.97%) compared to CRARX (4.30%). In terms of maximum drawdown, CRARX dropped -72.66% vs MSOAX's -55.16%.
CRARX currently has the higher Sharpe Ratio (1.33 vs 0.05), 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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