CSDIX vs. VNQ
CSDIX (Cohen & Steers Real Estate Securities Fund CLASS I) and VNQ (Vanguard Real Estate ETF) are both REIT funds. CSDIX is actively managed, while VNQ is passively managed. Over the past 10 years, CSDIX returned 7.12%/yr vs 5.31%/yr for VNQ. With a 0.98 correlation, they move nearly in lockstep. CSDIX charges 0.84%/yr vs 0.13%/yr for VNQ.
Performance
CSDIX vs. VNQ - Performance Comparison
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Returns By Period
In the year-to-date period, CSDIX achieves a 11.76% return, which is significantly higher than VNQ's 10.32% return. Over the past 10 years, CSDIX has outperformed VNQ with an annualized return of 7.12%, while VNQ has yielded a comparatively lower 5.31% annualized return.
CSDIX
- 1D
- -0.05%
- 1M
- -1.78%
- YTD
- 11.76%
- 6M
- 12.41%
- 1Y
- 11.97%
- 3Y*
- 10.22%
- 5Y*
- 4.14%
- 10Y*
- 7.12%
VNQ
- 1D
- 1.08%
- 1M
- -0.19%
- YTD
- 10.32%
- 6M
- 10.63%
- 1Y
- 11.80%
- 3Y*
- 10.81%
- 5Y*
- 2.52%
- 10Y*
- 5.31%
CSDIX vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSDIX Cohen & Steers Real Estate Securities Fund CLASS I | 11.76% | 4.32% | 6.73% | 13.18% | -26.33% | 41.70% | -1.74% | 31.84% | -4.25% | 8.09% |
VNQ Vanguard Real Estate ETF | 10.32% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between CSDIX and VNQ is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.98 |
The correlation between CSDIX and VNQ has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
CSDIX vs. VNQ — Risk / Return Rank
CSDIX
VNQ
CSDIX vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Securities Fund CLASS I (CSDIX) and Vanguard Real Estate ETF (VNQ). 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.
| CSDIX | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.42 | +0.09 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.45 | +0.03 |
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Drawdowns
CSDIX vs. VNQ - Drawdown Comparison
The maximum CSDIX drawdown since its inception was -72.37%, roughly equal to the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for CSDIX and VNQ.
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Drawdown Indicators
| CSDIX | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.37% | -73.07% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -8.34% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -17.46% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -33.09% | -34.48% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -42.68% | -42.40% | -0.28% |
Current DrawdownCurrent decline from peak | -2.92% | -1.95% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -13.60% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.66% | 0.00% |
Volatility
CSDIX vs. VNQ - Volatility Comparison
Cohen & Steers Real Estate Securities Fund CLASS I (CSDIX) and Vanguard Real Estate ETF (VNQ) have volatilities of 5.05% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSDIX | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.03% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 10.15% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 13.81% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 18.85% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 20.75% | +0.14% |
CSDIX vs. VNQ - Expense Ratio Comparison
CSDIX has a 0.84% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Dividends
CSDIX vs. VNQ - Dividend Comparison
CSDIX's dividend yield for the trailing twelve months is around 3.39%, less than VNQ's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSDIX Cohen & Steers Real Estate Securities Fund CLASS I | 3.39% | 3.72% | 2.78% | 2.93% | 7.67% | 4.30% | 5.39% | 7.62% | 3.60% | 2.52% | 5.84% | 19.24% |
VNQ Vanguard Real Estate ETF | 3.61% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
With a correlation of 0.96, CSDIX and VNQ 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.
CSDIX has higher volatility (5.05%) compared to VNQ (5.03%). In terms of maximum drawdown, CSDIX dropped -72.37% vs VNQ's -73.07%.
CSDIX currently has the higher Sharpe Ratio (0.87 vs 0.86), 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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