CREMX vs. QREARX
CREMX (Redwood Real Estate Income Fund) and QREARX (TIAA Real Estate Account) are both REIT funds. Both are actively managed. Over the past year, CREMX returned 7.56% vs 3.23% for QREARX. At a 0.19 correlation, their price movements are largely independent. CREMX charges 5.16%/yr vs 0.90%/yr for QREARX.
Performance
CREMX vs. QREARX - Performance Comparison
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Returns By Period
In the year-to-date period, CREMX achieves a 3.06% return, which is significantly higher than QREARX's 0.95% return.
CREMX
- 1D
- 0.04%
- 1M
- 0.56%
- YTD
- 3.06%
- 6M
- 3.67%
- 1Y
- 7.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QREARX
- 1D
- 0.01%
- 1M
- 0.13%
- YTD
- 0.95%
- 6M
- 1.11%
- 1Y
- 3.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CREMX vs. QREARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CREMX Redwood Real Estate Income Fund | 3.06% | 7.64% |
QREARX TIAA Real Estate Account | 0.95% | 3.93% |
Correlation
The correlation between CREMX and QREARX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.19 |
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Return for Risk
CREMX vs. QREARX — Risk / Return Rank
CREMX
QREARX
CREMX vs. QREARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Real Estate Income Fund (CREMX) 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.
| CREMX | QREARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.56 | ||
| Sortino ratioReturn per unit of downside risk | +177.98 | ||
| Omega ratioGain probability vs. loss probability | 184.40 | 2.49 | +181.91 |
| Calmar ratioReturn relative to maximum drawdown | 192.57 | 8.91 | +183.66 |
| Martin ratioReturn relative to average drawdown | 3,038.69 | 32.47 | +3,006.22 |
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
| CREMX | QREARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.83 | 4.27 | +13.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 8.97 | 2.12 | +6.85 |
Drawdowns
CREMX vs. QREARX - Drawdown Comparison
The maximum CREMX drawdown since its inception was -0.71%, smaller than the maximum QREARX drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for CREMX and QREARX.
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Drawdown Indicators
| CREMX | QREARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.71% | -1.45% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.37% | +0.33% |
Current DrawdownCurrent decline from peak | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.06% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.10% | -0.10% |
Volatility
CREMX vs. QREARX - Volatility Comparison
Redwood Real Estate Income Fund (CREMX) has a higher volatility of 0.13% compared to TIAA Real Estate Account (QREARX) at 0.12%. This indicates that CREMX'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.
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Volatility by Period
| CREMX | QREARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.12% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 0.45% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.43% | 0.77% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 1.66% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 1.66% | -0.80% |
CREMX vs. QREARX - Expense Ratio Comparison
CREMX has a 5.16% expense ratio, which is higher than QREARX's 0.90% expense ratio.
Dividends
CREMX vs. QREARX - Dividend Comparison
CREMX's dividend yield for the trailing twelve months is around 7.14%, while QREARX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CREMX Redwood Real Estate Income Fund | 7.14% | 7.38% | 7.64% | 1.98% |
QREARX TIAA Real Estate Account | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CREMX and QREARX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CREMX has higher volatility (0.13%) compared to QREARX (0.12%). In terms of maximum drawdown, CREMX dropped -0.71% vs QREARX's -1.45%.
CREMX currently has the higher Sharpe Ratio (17.83 vs 4.27), 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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