CSZIX vs. CSRIX
CSZIX (Cohen & Steers Real Estate Securities Fund Class Z) and CSRIX (Cohen & Steers Institutional Realty Shares) are both REIT funds from Cohen & Steers. Over the past 10 years, CSZIX returned 7.21%/yr vs 7.25%/yr for CSRIX. With a 1.00 correlation, they move nearly in lockstep. CSZIX charges 0.75%/yr vs 0.76%/yr for CSRIX.
Performance
CSZIX vs. CSRIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSZIX achieves a 11.78% return, which is significantly lower than CSRIX's 12.79% return. Both investments have delivered pretty close results over the past 10 years, with CSZIX having a 7.21% annualized return and CSRIX not far ahead at 7.25%.
CSZIX
- 1D
- -0.05%
- 1M
- -1.78%
- YTD
- 11.78%
- 6M
- 12.49%
- 1Y
- 12.06%
- 3Y*
- 10.31%
- 5Y*
- 4.23%
- 10Y*
- 7.21%
CSRIX
- 1D
- -0.20%
- 1M
- -1.38%
- YTD
- 12.79%
- 6M
- 13.47%
- 1Y
- 11.45%
- 3Y*
- 9.87%
- 5Y*
- 4.29%
- 10Y*
- 7.25%
CSZIX vs. CSRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 11.78% | 4.41% | 6.81% | 13.26% | -26.21% | 41.81% | -1.64% | 31.95% | -4.17% | 8.18% |
CSRIX Cohen & Steers Institutional Realty Shares | 12.79% | 3.10% | 6.26% | 12.75% | -25.15% | 42.40% | -2.55% | 36.11% | -4.68% | 6.71% |
Correlation
The correlation between CSZIX and CSRIX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 1.00 |
The correlation between CSZIX and CSRIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
CSZIX vs. CSRIX — Risk / Return Rank
CSZIX
CSRIX
CSZIX vs. CSRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) and Cohen & Steers Institutional Realty Shares (CSRIX). 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.
| CSZIX | CSRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.48 | +0.03 |
| Martin ratioReturn relative to average drawdown | 4.56 | 3.87 | +0.69 |
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Drawdowns
CSZIX vs. CSRIX - Drawdown Comparison
The maximum CSZIX drawdown since its inception was -42.71%, roughly equal to the maximum CSRIX drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for CSZIX and CSRIX.
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Drawdown Indicators
| CSZIX | CSRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -41.45% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -7.74% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -16.89% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -31.79% | -1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -41.45% | -1.26% |
Current DrawdownCurrent decline from peak | -2.92% | -3.11% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -8.76% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.94% | -0.31% |
Volatility
CSZIX vs. CSRIX - Volatility Comparison
Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) and Cohen & Steers Institutional Realty Shares (CSRIX) have volatilities of 5.05% and 5.10%, 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
| CSZIX | CSRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.10% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 10.82% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 14.05% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 18.65% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 20.52% | +0.32% |
CSZIX vs. CSRIX - Expense Ratio Comparison
CSZIX has a 0.75% expense ratio, which is lower than CSRIX's 0.76% expense ratio.
Dividends
CSZIX vs. CSRIX - Dividend Comparison
CSZIX's dividend yield for the trailing twelve months is around 3.48%, more than CSRIX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSRIX Cohen & Steers Institutional Realty Shares | 2.84% | 3.14% | 2.97% | 3.04% | 4.28% | 3.87% | 4.91% | 12.97% | 5.45% | 6.28% | 12.61% | 13.63% |
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 3.48% | 3.81% | 2.85% | 3.00% | 7.77% | 4.38% | 5.47% | 7.70% | 3.68% | 2.60% | 5.90% | 22.32% |
Frequently Asked Questions
With a correlation of 0.99, CSZIX and CSRIX 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.
CSRIX has higher volatility (5.10%) compared to CSZIX (5.05%). In terms of maximum drawdown, CSZIX dropped -42.71% vs CSRIX's -41.45%.
CSZIX currently has the higher Sharpe Ratio (0.87 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.
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