CSEIX vs. CRARX
CSEIX (Cohen & Steers Real Estate Securities Fund, Inc.) and CRARX (MainStay CBRE Real Estate Fund) are both REIT funds. Over the past 10 years, CSEIX returned 7.11%/yr vs 5.42%/yr for CRARX. With a 0.97 correlation, they move nearly in lockstep. CSEIX charges 1.10%/yr vs 0.83%/yr for CRARX.
Performance
CSEIX vs. CRARX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CSEIX achieves a 14.31% return, which is significantly lower than CRARX's 16.77% return. Over the past 10 years, CSEIX has outperformed CRARX with an annualized return of 7.11%, while CRARX has yielded a comparatively lower 5.42% annualized return.
CSEIX
- 1D
- -0.16%
- 1M
- 0.05%
- YTD
- 14.31%
- 6M
- 14.31%
- 1Y
- 15.01%
- 3Y*
- 12.51%
- 5Y*
- 3.96%
- 10Y*
- 7.11%
CRARX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 16.77%
- 6M
- 16.43%
- 1Y
- 16.84%
- 3Y*
- 10.57%
- 5Y*
- 3.14%
- 10Y*
- 5.42%
CSEIX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSEIX Cohen & Steers Real Estate Securities Fund, Inc. | 14.31% | 4.01% | 6.50% | 12.81% | -26.47% | 41.29% | -1.99% | 31.50% | -4.52% | 7.79% |
CRARX MainStay CBRE Real Estate Fund | 16.77% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Correlation
The correlation between CSEIX and CRARX is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 1997 | 0.97 |
The correlation between CSEIX and CRARX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSEIX vs. CRARX — Risk / Return Rank
CSEIX
CRARX
CSEIX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Securities Fund, Inc. (CSEIX) and MainStay CBRE Real Estate Fund (CRARX). 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.
| CSEIX | CRARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.74 | -0.14 |
| Martin ratioReturn relative to average drawdown | 4.73 | 5.49 | -0.76 |
Loading charts...
Drawdowns
CSEIX vs. CRARX - Drawdown Comparison
The maximum CSEIX drawdown since its inception was -72.58%, roughly equal to the maximum CRARX drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for CSEIX and CRARX.
Loading charts...
Drawdown Indicators
| CSEIX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.58% | -72.66% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -7.99% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.31% | -18.78% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -33.25% | -35.43% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -42.75% | -45.19% | +2.44% |
Current DrawdownCurrent decline from peak | -0.60% | -2.76% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -12.55% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.57% | +0.12% |
Volatility
CSEIX vs. CRARX - Volatility Comparison
Cohen & Steers Real Estate Securities Fund, Inc. (CSEIX) and MainStay CBRE Real Estate Fund (CRARX) have volatilities of 5.30% and 5.09%, 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.
Loading charts...
Volatility by Period
| CSEIX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 5.09% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.09% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 13.52% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 19.02% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 21.32% | -0.34% |
CSEIX vs. CRARX - Expense Ratio Comparison
CSEIX has a 1.10% expense ratio, which is higher than CRARX's 0.83% expense ratio.
Dividends
CSEIX vs. CRARX - Dividend Comparison
CSEIX's dividend yield for the trailing twelve months is around 3.34%, more than CRARX's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.15% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
CSEIX Cohen & Steers Real Estate Securities Fund, Inc. | 3.34% | 3.75% | 2.72% | 2.89% | 7.91% | 4.37% | 5.48% | 7.83% | 3.51% | 2.39% | 5.87% | 23.00% |
Frequently Asked Questions
With a correlation of 0.97, CSEIX and CRARX 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.
CSEIX has higher volatility (5.30%) compared to CRARX (5.09%). In terms of maximum drawdown, CSEIX dropped -72.58% vs CRARX's -72.66%.
CRARX currently has the higher Sharpe Ratio (1.03 vs 0.91), 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.
Find the right allocation for CSEIX and CRARX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer