CRARX vs. RFI
CRARX (MainStay CBRE Real Estate Fund) and RFI (Cohen & Steers Total Return Realty Fund) are both REIT funds. Over the past 10 years, CRARX returned 4.65%/yr vs 6.12%/yr for RFI. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
CRARX vs. RFI - 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 RFI's 9.31% return. Over the past 10 years, CRARX has underperformed RFI with an annualized return of 4.65%, while RFI has yielded a comparatively higher 6.12% 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%
RFI
- 1D
- -0.95%
- 1M
- 0.88%
- 6M
- 7.35%
- YTD
- 9.31%
- 1Y
- 5.40%
- 3Y*
- 7.36%
- 5Y*
- 1.69%
- 10Y*
- 6.12%
- ALL TIME*
- 8.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.26M | $1.13M | $1.28M |
CRARX vs. RFI - 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% |
RFI Cohen & Steers Total Return Realty Fund | 9.31% | 3.55% | 6.63% | 4.36% | -22.13% | 39.21% | -0.79% | 44.46% | -8.89% | 13.91% |
Correlation
The correlation between CRARX and RFI is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.55 |
Over the past year, CRARX and RFI have become more correlated (0.81) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
CRARX vs. RFI — Risk / Return Rank
CRARX
RFI
CRARX vs. RFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay CBRE Real Estate Fund (CRARX) and Cohen & Steers Total Return Realty Fund (RFI). 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 | RFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.54 | +1.71 |
| Martin ratioReturn relative to average drawdown | 7.64 | 1.24 | +6.41 |
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Drawdowns
CRARX vs. RFI - Drawdown Comparison
The maximum CRARX drawdown since its inception was -72.66%, roughly equal to the maximum RFI drawdown of -73.67%. Use the drawdown chart below to compare losses from any high point for CRARX and RFI.
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Drawdown Indicators
| CRARX | RFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.66% | -73.67% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -9.69% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -16.18% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -35.43% | -34.38% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -50.51% | +5.32% |
Current DrawdownCurrent decline from peak | -1.89% | -2.25% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -12.07% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 4.23% | -1.81% |
Volatility
CRARX vs. RFI - Volatility Comparison
MainStay CBRE Real Estate Fund (CRARX) has a higher volatility of 4.30% compared to Cohen & Steers Total Return Realty Fund (RFI) at 3.46%. This indicates that CRARX's price experiences larger fluctuations and is considered to be riskier than RFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRARX | RFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 3.46% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 10.22% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 12.38% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 20.17% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 25.15% | -3.82% |
Dividends
CRARX vs. RFI - Dividend Comparison
CRARX's dividend yield for the trailing twelve months is around 2.06%, less than RFI's 8.35% 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% |
RFI Cohen & Steers Total Return Realty Fund | 8.35% | 8.69% | 8.29% | 8.17% | 10.02% | 6.82% | 7.61% | 6.63% | 8.93% | 7.52% | 7.93% | 10.36% |
Frequently Asked Questions
CRARX and RFI have a correlation of 0.81, 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 RFI (3.46%). In terms of maximum drawdown, CRARX dropped -72.66% vs RFI's -73.67%.
CRARX currently has the higher Sharpe Ratio (1.33 vs 0.42), 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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