CREEX vs. FARCX

Last updated Jun 4, 2026

CREEX (Columbia Real Estate Equity Fund) and FARCX (Nuveen Real Estate Securities Fund) are both REIT funds. Over the past 10 years, CREEX returned 5.95%/yr vs 5.60%/yr for FARCX. With a 0.98 correlation, they move nearly in lockstep. CREEX charges 1.01%/yr vs 0.97%/yr for FARCX.

Performance

CREEX vs. FARCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Real Estate Equity Fund (CREEX) and Nuveen Real Estate Securities Fund (FARCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CREEX having a 12.06% return and FARCX slightly lower at 11.64%. Over the past 10 years, CREEX has outperformed FARCX with an annualized return of 5.95%, while FARCX has yielded a comparatively lower 5.60% annualized return.

CREEX

• 1D: 0.48%
• 1M: -0.67%
• YTD: 12.06%
• 6M: 11.05%
• 1Y: 12.73%
• 3Y*: 9.96%
• 5Y*: 4.76%
• 10Y*: 5.95%

FARCX

• 1D: 0.31%
• 1M: -1.29%
• YTD: 11.64%
• 6M: 10.81%
• 1Y: 14.32%
• 3Y*: 9.93%
• 5Y*: 3.81%
• 10Y*: 5.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CREEX vs. FARCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CREEX Columbia Real Estate Equity Fund	12.06%	0.19%	7.40%	16.20%	-25.10%	41.91%	-3.54%	28.40%	-7.21%	4.56%
FARCX Nuveen Real Estate Securities Fund	11.64%	2.56%	6.04%	11.55%	-24.57%	41.57%	-6.14%	25.63%	-5.57%	5.67%

Correlation

The correlation between CREEX and FARCX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 3, 1995	0.98

The correlation between CREEX and FARCX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

CREEX vs. FARCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CREEX

CREEX Risk / Return Rank: 14
CREEX Sharpe Ratio Rank: 11
CREEX Sortino Ratio Rank: 11
CREEX Omega Ratio Rank: 11
CREEX Calmar Ratio Rank: 18
CREEX Martin Ratio Rank: 17

FARCX

FARCX Risk / Return Rank: 18
FARCX Sharpe Ratio Rank: 15
FARCX Sortino Ratio Rank: 14
FARCX Omega Ratio Rank: 14
FARCX Calmar Ratio Rank: 23
FARCX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CREEX vs. FARCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Real Estate Equity Fund (CREEX) and Nuveen Real Estate Securities Fund (FARCX). 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.

	CREEX	FARCX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.07	-0.17
Sortino ratio: Return per unit of downside risk	1.29	1.50	-0.22
Omega ratio: Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio: Return relative to maximum drawdown	1.55	1.77	-0.21
Martin ratio: Return relative to average drawdown	4.62	5.75	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CREEX vs. FARCX - Sharpe Ratio Comparison

The current CREEX Sharpe Ratio is 0.90, which is comparable to the FARCX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of CREEX and FARCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CREEX	FARCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.07	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.21	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.28	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.41	-0.02

Drawdowns

CREEX vs. FARCX - Drawdown Comparison

The maximum CREEX drawdown since its inception was -70.78%, roughly equal to the maximum FARCX drawdown of -70.62%. Use the drawdown chart below to compare losses from any high point for CREEX and FARCX.

Drawdown Indicators

	CREEX	FARCX	Difference
Max Drawdown Largest peak-to-trough decline	-70.78%	-70.62%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	-7.83%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.89%	-17.59%	-2.30%
Max Drawdown (5Y) Largest decline over 5 years	-31.25%	-31.77%	+0.52%
Max Drawdown (10Y) Largest decline over 10 years	-41.42%	-41.05%	-0.37%
Current Drawdown Current decline from peak	-3.25%	-3.20%	-0.05%
Average Drawdown Average peak-to-trough decline	-10.72%	-10.45%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.39%	+0.27%

Volatility

CREEX vs. FARCX - Volatility Comparison

Columbia Real Estate Equity Fund (CREEX) has a higher volatility of 4.02% compared to Nuveen Real Estate Securities Fund (FARCX) at 3.64%. This indicates that CREEX's price experiences larger fluctuations and is considered to be riskier than FARCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CREEX	FARCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.64%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	9.29%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	12.98%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	18.34%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	20.16%	+0.50%

CREEX vs. FARCX - Expense Ratio Comparison

CREEX has a 1.01% expense ratio, which is higher than FARCX's 0.97% expense ratio.

Dividends

CREEX vs. FARCX - Dividend Comparison

CREEX's dividend yield for the trailing twelve months is around 5.59%, more than FARCX's 5.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREEX Columbia Real Estate Equity Fund	5.59%	6.26%	10.13%	32.32%	5.92%	6.41%	7.50%	12.02%	8.22%	14.73%	4.23%	8.59%
FARCX Nuveen Real Estate Securities Fund	5.22%	5.77%	9.34%	3.30%	20.25%	15.12%	2.89%	11.46%	6.19%	13.43%	10.99%	8.24%

Frequently Asked Questions

Can I hold both CREEX and FARCX in my portfolio?

With a correlation of 0.98, CREEX and FARCX 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.

Which is riskier, CREEX or FARCX?

CREEX has higher volatility (4.02%) compared to FARCX (3.64%). In terms of maximum drawdown, CREEX dropped -70.78% vs FARCX's -70.62%.

Which has better risk-adjusted returns?

FARCX currently has the higher Sharpe Ratio (1.07 vs 0.90), 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.