CREMX vs. VGSNX

Last updated Apr 2, 2026

Compare and contrast key facts about Redwood Real Estate Income Fund (CREMX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX).

CREMX is an actively managed fund by Redwood. It was launched on Jun 23, 2023. VGSNX is managed by Vanguard. It was launched on Dec 2, 2003.

Performance

CREMX vs. VGSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Redwood Real Estate Income Fund (CREMX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). The values are adjusted to include any dividend payments, if applicable.

CREMX vs. VGSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CREMX Redwood Real Estate Income Fund	1.28%	7.72%	8.09%	1.95%
VGSNX Vanguard Real Estate Index Fund Institutional Shares	1.70%	3.21%	3.72%	11.98%

Returns By Period

In the year-to-date period, CREMX achieves a 1.28% return, which is significantly lower than VGSNX's 1.70% return.

CREMX

• 1D: -0.55%
• 1M: -0.04%
• YTD: 1.28%
• 6M: 3.22%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGSNX

• 1D: 0.41%
• 1M: -5.64%
• YTD: 1.70%
• 6M: -0.25%
• 1Y: 1.60%
• 3Y*: 6.56%
• 5Y*: 2.88%
• 10Y*: 4.69%

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

CREMX vs. VGSNX - Expense Ratio Comparison

CREMX has a 5.16% expense ratio, which is higher than VGSNX's 0.10% expense ratio.

CREMX

Redwood Real Estate Income Fund

VGSNX

Vanguard Real Estate Index Fund Institutional Shares

Return for Risk

CREMX vs. VGSNX — Risk / Return Rank

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

CREMX

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

VGSNX

VGSNX Risk / Return Rank: 6
VGSNX Sharpe Ratio Rank: 5
VGSNX Sortino Ratio Rank: 5
VGSNX Omega Ratio Rank: 5
VGSNX Calmar Ratio Rank: 6
VGSNX Martin Ratio Rank: 7

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.

CREMX vs. VGSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Redwood Real Estate Income Fund (CREMX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). 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	VGSNX	Difference
Sharpe ratio Return per unit of total volatility	9.78	0.13	+9.64
Sortino ratio Return per unit of downside risk	12.29	0.29	+12.00
Omega ratio Gain probability vs. loss probability	11.91	1.04	+10.87
Calmar ratio Return relative to maximum drawdown	12.82	0.18	+12.64
Martin ratio Return relative to average drawdown	85.27	0.71	+84.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CREMX vs. VGSNX - Sharpe Ratio Comparison

The current CREMX Sharpe Ratio is 9.78, which is higher than the VGSNX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of CREMX and VGSNX, 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

	CREMX	VGSNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.78	0.13	+9.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.88	0.27	+7.61

Correlation

The correlation between CREMX and VGSNX is -0.01. 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

CREMX vs. VGSNX - Dividend Comparison

CREMX's dividend yield for the trailing twelve months is around 6.69%, more than VGSNX's 3.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREMX Redwood Real Estate Income Fund	6.69%	7.38%	7.64%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGSNX Vanguard Real Estate Index Fund Institutional Shares	3.93%	3.94%	3.87%	3.93%	3.94%	2.57%	3.95%	3.40%	4.75%	4.26%	4.84%	3.94%

Drawdowns

CREMX vs. VGSNX - Drawdown Comparison

The maximum CREMX drawdown since its inception was -0.71%, smaller than the maximum VGSNX drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for CREMX and VGSNX.

Drawdown Indicators

	CREMX	VGSNX	Difference
Max Drawdown Largest peak-to-trough decline	-0.71%	-73.06%	+72.35%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	-9.37%	+8.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.30%	—
Current Drawdown Current decline from peak	-0.55%	-9.11%	+8.56%
Average Drawdown Average peak-to-trough decline	-0.02%	-13.36%	+13.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	3.21%	-3.13%

Volatility

CREMX vs. VGSNX - Volatility Comparison

The current volatility for Redwood Real Estate Income Fund (CREMX) is 0.59%, while Vanguard Real Estate Index Fund Institutional Shares (VGSNX) has a volatility of 4.57%. This indicates that CREMX experiences smaller price fluctuations and is considered to be less risky than VGSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CREMX	VGSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	4.57%	-3.98%
Volatility (6M) Calculated over the trailing 6-month period	0.65%	9.26%	-8.61%
Volatility (1Y) Calculated over the trailing 1-year period	0.89%	16.33%	-15.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.96%	18.87%	-17.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.96%	20.91%	-19.95%