CREEX vs. QREARX

Last updated Apr 1, 2026

Compare and contrast key facts about Columbia Real Estate Equity Fund (CREEX) and TIAA Real Estate Account (QREARX).

CREEX is managed by Columbia. It was launched on Apr 4, 1994. QREARX is an actively managed fund by TIAA. It was launched on Oct 2, 1995.

Performance

CREEX vs. QREARX - Performance Comparison

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

CREEX vs. QREARX - Yearly Performance Comparison

	2026 (YTD)	2025
CREEX Columbia Real Estate Equity Fund	2.58%	-0.32%
QREARX TIAA Real Estate Account	0.80%	3.93%

Returns By Period

In the year-to-date period, CREEX achieves a 2.58% return, which is significantly higher than QREARX's 0.80% return.

CREEX

• 1D: 0.21%
• 1M: -7.21%
• YTD: 2.58%
• 6M: 1.35%
• 1Y: 2.16%
• 3Y*: 6.95%
• 5Y*: 5.20%
• 10Y*: 5.00%

QREARX

• 1D: -0.10%
• 1M: 0.41%
• YTD: 0.80%
• 6M: 1.81%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CREEX vs. QREARX - Expense Ratio Comparison

CREEX has a 1.01% expense ratio, which is higher than QREARX's 0.90% expense ratio.

CREEX

Columbia Real Estate Equity Fund

QREARX

TIAA Real Estate Account

Return for Risk

CREEX vs. QREARX — Risk / Return Rank

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

CREEX

CREEX Risk / Return Rank: 10
CREEX Sharpe Ratio Rank: 9
CREEX Sortino Ratio Rank: 9
CREEX Omega Ratio Rank: 8
CREEX Calmar Ratio Rank: 10
CREEX Martin Ratio Rank: 12

QREARX

QREARX Risk / Return Rank: 99
QREARX Sharpe Ratio Rank: 100
QREARX Sortino Ratio Rank: 99
QREARX Omega Ratio Rank: 99
QREARX Calmar Ratio Rank: 99
QREARX Martin Ratio Rank: 99

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. QREARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Real Estate Equity Fund (CREEX) and TIAA Real Estate Account (QREARX). 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	QREARX	Difference
Sharpe ratio Return per unit of total volatility	0.18	5.14	-4.96
Sortino ratio Return per unit of downside risk	0.37	8.23	-7.87
Omega ratio Gain probability vs. loss probability	1.05	2.91	-1.86
Calmar ratio Return relative to maximum drawdown	0.23	10.77	-10.55
Martin ratio Return relative to average drawdown	0.92	45.72	-44.80
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. QREARX - Sharpe Ratio Comparison

The current CREEX Sharpe Ratio is 0.18, which is lower than the QREARX Sharpe Ratio of 5.14. The chart below compares the historical Sharpe Ratios of CREEX and QREARX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CREEX	QREARX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	5.14	-4.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	2.23	-1.86

Correlation

The correlation between CREEX and QREARX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

CREEX vs. QREARX - Dividend Comparison

CREEX's dividend yield for the trailing twelve months is around 6.11%, while QREARX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREEX Columbia Real Estate Equity Fund	6.11%	6.26%	10.13%	32.32%	5.92%	6.41%	7.50%	12.02%	8.22%	14.73%	4.23%	8.59%
QREARX TIAA Real Estate Account	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CREEX vs. QREARX - Drawdown Comparison

The maximum CREEX drawdown since its inception was -70.78%, which is greater than QREARX's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for CREEX and QREARX.

Drawdown Indicators

	CREEX	QREARX	Difference
Max Drawdown Largest peak-to-trough decline	-70.78%	-1.45%	-69.33%
Max Drawdown (1Y) Largest decline over 1 year	-13.15%	-0.37%	-12.78%
Max Drawdown (5Y) Largest decline over 5 years	-31.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.42%	—	—
Current Drawdown Current decline from peak	-7.74%	-0.10%	-7.64%
Average Drawdown Average peak-to-trough decline	-10.77%	-0.05%	-10.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	0.09%	+3.16%

Volatility

CREEX vs. QREARX - Volatility Comparison

Columbia Real Estate Equity Fund (CREEX) has a higher volatility of 4.31% compared to TIAA Real Estate Account (QREARX) at 0.23%. This indicates that CREEX's price experiences larger fluctuations and is considered to be riskier than QREARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CREEX	QREARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	0.23%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	0.49%	+8.80%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	0.75%	+16.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	1.75%	+17.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	1.75%	+18.91%