CSRIX vs. HLRRX

Last updated Aug 1, 2026

CSRIX (Cohen & Steers Institutional Realty Shares) and HLRRX (LDR High Income Realty Fund) are both REIT funds. Over the past 10 years, CSRIX returned 6.79%/yr vs 4.24%/yr for HLRRX. Their correlation of 0.85 means they have usually moved in the same direction. CSRIX charges 0.76%/yr vs 1.14%/yr for HLRRX.

Performance

CSRIX vs. HLRRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Institutional Realty Shares (CSRIX) and LDR High Income Realty Fund (HLRRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSRIX achieves a 17.94% return, which is significantly higher than HLRRX's 15.27% return. Over the past 10 years, CSRIX has outperformed HLRRX with an annualized return of 6.79%, while HLRRX has yielded a comparatively lower 4.24% annualized return.

CSRIX

• 1D: -1.33%
• 1M: 2.02%
• 6M: 15.55%
• YTD: 17.94%
• 1Y: 17.69%
• 3Y*: 10.62%
• 5Y*: 4.13%
• 10Y*: 6.79%
• ALL TIME*: 7.47%

HLRRX

• 1D: -0.30%
• 1M: 0.61%
• 6M: 11.33%
• YTD: 15.27%
• 1Y: 14.39%
• 3Y*: 6.04%
• 5Y*: 1.72%
• 10Y*: 4.24%
• ALL TIME*: 7.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSRIX Cohen & Steers Institutional Realty Shares	$0.00	$0.00	$0.00
HLRRX LDR High Income Realty Fund	$0.00	$0.00	$0.00

CSRIX vs. HLRRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSRIX Cohen & Steers Institutional Realty Shares	17.94%	3.10%	6.26%	12.75%	-25.15%	42.40%	-2.55%	36.11%	-4.68%	6.71%
HLRRX LDR High Income Realty Fund	15.27%	-9.13%	9.45%	10.50%	-21.40%	40.50%	-3.78%	31.75%	-13.63%	-1.24%

Correlation

The correlation between CSRIX and HLRRX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.85

The correlation between CSRIX and HLRRX has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

CSRIX vs. HLRRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CSRIX

CSRIX Risk / Return Rank: 44
CSRIX Sharpe Ratio Rank: 38
CSRIX Sortino Ratio Rank: 36
CSRIX Omega Ratio Rank: 36
CSRIX Calmar Ratio Rank: 64
CSRIX Martin Ratio Rank: 48

HLRRX

HLRRX Risk / Return Rank: 38
HLRRX Sharpe Ratio Rank: 33
HLRRX Sortino Ratio Rank: 32
HLRRX Omega Ratio Rank: 31
HLRRX Calmar Ratio Rank: 58
HLRRX Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CSRIX vs. HLRRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Institutional Realty Shares (CSRIX) and LDR High Income Realty Fund (HLRRX). 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.

	CSRIX	HLRRX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.05	+0.08
Sortino ratio: Return per unit of downside risk	1.61	1.54	+0.07
Omega ratio: Gain probability vs. loss probability	1.20	1.19	+0.01
Calmar ratio: Return relative to maximum drawdown	2.08	2.02	+0.06
Martin ratio: Return relative to average drawdown	6.53	5.42	+1.11

CSRIX vs. HLRRX - Sharpe Ratio Comparison

The current CSRIX Sharpe Ratio is 1.13, which is comparable to the HLRRX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of CSRIX and HLRRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSRIX vs. HLRRX - Drawdown Comparison

The maximum CSRIX drawdown since its inception was -41.45%, smaller than the maximum HLRRX drawdown of -62.78%. Use the drawdown chart below to compare losses from any high point for CSRIX and HLRRX.

Drawdown Indicators

	CSRIX	HLRRX	Difference
Max Drawdown Largest peak-to-trough decline	-41.45%	-62.78%	+21.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-6.26%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.89%	-21.04%	+4.15%
Max Drawdown (5Y) Largest decline over 5 years	-31.79%	-28.99%	-2.80%
Max Drawdown (10Y) Largest decline over 10 years	-41.45%	-48.13%	+6.68%
Current Drawdown Current decline from peak	-1.52%	-2.84%	+1.32%
Average Drawdown Average peak-to-trough decline	-8.69%	-8.46%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.33%	+0.30%

Volatility

CSRIX vs. HLRRX - Volatility Comparison

Cohen & Steers Institutional Realty Shares (CSRIX) has a higher volatility of 4.30% compared to LDR High Income Realty Fund (HLRRX) at 2.54%. This indicates that CSRIX's price experiences larger fluctuations and is considered to be riskier than HLRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSRIX	HLRRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	2.54%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	8.08%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	12.14%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	17.18%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.55%	20.78%	-0.23%

CSRIX vs. HLRRX - Expense Ratio Comparison

CSRIX has a 0.76% expense ratio, which is lower than HLRRX's 1.14% expense ratio.

Dividends

CSRIX vs. HLRRX - Dividend Comparison

CSRIX's dividend yield for the trailing twelve months is around 2.66%, less than HLRRX's 12.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSRIX Cohen & Steers Institutional Realty Shares	2.66%	3.14%	2.97%	3.04%	4.28%	3.87%	4.91%	12.97%	5.45%	6.28%	12.61%	13.63%
HLRRX LDR High Income Realty Fund	12.10%	9.39%	4.93%	5.50%	13.71%	17.02%	9.10%	2.44%	2.68%	17.61%	15.94%	10.13%

Frequently Asked Questions

Can I hold both CSRIX and HLRRX in my portfolio?

CSRIX and HLRRX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSRIX or HLRRX?

CSRIX has higher volatility (4.30%) compared to HLRRX (2.54%). In terms of maximum drawdown, CSRIX dropped -41.45% vs HLRRX's -62.78%.

Which has better risk-adjusted returns?

CSRIX currently has the higher Sharpe Ratio (1.13 vs 1.05), 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.