CSRSX vs. SPG

Last updated Jun 5, 2026

CSRSX (Cohen & Steers Realty Shares Fund) is REIT fund managed by Cohen & Steers, while SPG (Simon Property Group, Inc.) is a stock. Over the past 10 years, CSRSX returned 6.99%/yr vs 5.57%/yr for SPG. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

CSRSX vs. SPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Realty Shares Fund (CSRSX) and Simon Property Group, Inc. (SPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSRSX achieves a 11.46% return, which is significantly lower than SPG's 12.69% return. Over the past 10 years, CSRSX has outperformed SPG with an annualized return of 6.99%, while SPG has yielded a comparatively lower 5.57% annualized return.

CSRSX

• 1D: -0.08%
• 1M: -1.10%
• YTD: 11.46%
• 6M: 10.47%
• 1Y: 10.54%
• 3Y*: 10.37%
• 5Y*: 3.82%
• 10Y*: 6.99%

SPG

• 1D: 1.31%
• 1M: 1.93%
• YTD: 12.69%
• 6M: 15.19%
• 1Y: 33.95%
• 3Y*: 31.39%
• 5Y*: 15.26%
• 10Y*: 5.57%

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

CSRSX vs. SPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSRSX Cohen & Steers Realty Shares Fund	11.46%	2.84%	6.35%	12.70%	-24.94%	42.25%	-2.87%	33.12%	-5.10%	7.09%
SPG Simon Property Group, Inc.	12.69%	12.94%	26.92%	29.24%	-21.91%	95.72%	-38.64%	-6.74%	2.55%	0.98%

Correlation

The correlation between CSRSX and SPG is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 15, 1993	0.74

The correlation between CSRSX and SPG shifts across timeframes, from 0.63 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CSRSX vs. SPG — Risk / Return Rank

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

CSRSX

CSRSX Risk / Return Rank: 12
CSRSX Sharpe Ratio Rank: 10
CSRSX Sortino Ratio Rank: 9
CSRSX Omega Ratio Rank: 10
CSRSX Calmar Ratio Rank: 16
CSRSX Martin Ratio Rank: 13

SPG

SPG Risk / Return Rank: 85
SPG Sharpe Ratio Rank: 87
SPG Sortino Ratio Rank: 85
SPG Omega Ratio Rank: 81
SPG Calmar Ratio Rank: 82
SPG Martin Ratio Rank: 88

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.

CSRSX vs. SPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Realty Shares Fund (CSRSX) and Simon Property Group, Inc. (SPG). 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.

	CSRSX	SPG	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.87	-1.06
Sortino ratio: Return per unit of downside risk	1.16	2.69	-1.53
Omega ratio: Gain probability vs. loss probability	1.15	1.32	-0.17
Calmar ratio: Return relative to maximum drawdown	1.40	2.96	-1.56
Martin ratio: Return relative to average drawdown	3.62	10.64	-7.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSRSX vs. SPG - Sharpe Ratio Comparison

The current CSRSX Sharpe Ratio is 0.81, which is lower than the SPG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of CSRSX and SPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSRSX	SPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.87	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.58	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.15	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.39	+0.06

Drawdowns

CSRSX vs. SPG - Drawdown Comparison

The maximum CSRSX drawdown since its inception was -72.51%, smaller than the maximum SPG drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for CSRSX and SPG.

Drawdown Indicators

	CSRSX	SPG	Difference
Max Drawdown Largest peak-to-trough decline	-72.51%	-77.00%	+4.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-11.54%	+3.76%
Max Drawdown (3Y) Largest decline over 3 years	-17.02%	-24.32%	+7.30%
Max Drawdown (5Y) Largest decline over 5 years	-31.65%	-45.84%	+14.19%
Max Drawdown (10Y) Largest decline over 10 years	-41.66%	-77.00%	+35.34%
Current Drawdown Current decline from peak	-2.95%	-0.65%	-2.30%
Average Drawdown Average peak-to-trough decline	-9.82%	-13.84%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.20%	-0.21%

Volatility

CSRSX vs. SPG - Volatility Comparison

The current volatility for Cohen & Steers Realty Shares Fund (CSRSX) is 3.65%, while Simon Property Group, Inc. (SPG) has a volatility of 5.59%. This indicates that CSRSX experiences smaller price fluctuations and is considered to be less risky than SPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSRSX	SPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	5.59%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	13.55%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	18.27%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	26.50%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	37.06%	-16.50%

Dividends

CSRSX vs. SPG - Dividend Comparison

CSRSX's dividend yield for the trailing twelve months is around 2.75%, less than SPG's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSRSX Cohen & Steers Realty Shares Fund	2.75%	3.00%	2.60%	3.50%	7.52%	3.68%	4.73%	16.29%	5.36%	8.88%	13.49%	13.37%
SPG Simon Property Group, Inc.	4.19%	4.62%	4.70%	5.22%	5.87%	3.66%	7.04%	5.57%	4.70%	4.16%	3.66%	3.11%

Frequently Asked Questions

Can I hold both CSRSX and SPG in my portfolio?

CSRSX and SPG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSRSX or SPG?

SPG has higher volatility (5.59%) compared to CSRSX (3.65%). In terms of maximum drawdown, CSRSX dropped -72.51% vs SPG's -77.00%.

Which has better risk-adjusted returns?

SPG currently has the higher Sharpe Ratio (1.87 vs 0.81), 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.