CSZIX vs. FOF
CSZIX (Cohen & Steers Real Estate Securities Fund Class Z) and FOF (Cohen & Steers Closed-End Opportunity Fund) are both mutual funds - CSZIX is a REIT fund actively managed by Cohen & Steers, while FOF is a Large Cap Value Equities fund actively managed by Cohen & Steers. Both are actively managed. Over the past 10 years, CSZIX returned 7.21%/yr vs 10.77%/yr for FOF. At a 0.39 correlation, their price movements are largely independent. CSZIX charges 0.75%/yr vs 0.95%/yr for FOF.
Performance
CSZIX vs. FOF - Performance Comparison
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Returns By Period
In the year-to-date period, CSZIX achieves a 11.78% return, which is significantly higher than FOF's 5.57% return. Over the past 10 years, CSZIX has underperformed FOF with an annualized return of 7.21%, while FOF has yielded a comparatively higher 10.77% annualized return.
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%
FOF
- 1D
- -0.81%
- 1M
- -2.63%
- YTD
- 5.57%
- 6M
- 6.05%
- 1Y
- 17.94%
- 3Y*
- 16.99%
- 5Y*
- 7.34%
- 10Y*
- 10.77%
CSZIX vs. FOF - 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% |
FOF Cohen & Steers Closed-End Opportunity Fund | 5.57% | 13.01% | 23.65% | 17.90% | -22.69% | 28.24% | 1.52% | 31.37% | -9.43% | 23.41% |
Correlation
The correlation between CSZIX and FOF is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.39 |
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Return for Risk
CSZIX vs. FOF — Risk / Return Rank
CSZIX
FOF
CSZIX vs. FOF - 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 Closed-End Opportunity Fund (FOF). 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 | FOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.20 | +0.32 |
| Martin ratioReturn relative to average drawdown | 4.56 | 3.84 | +0.72 |
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Drawdowns
CSZIX vs. FOF - Drawdown Comparison
The maximum CSZIX drawdown since its inception was -42.71%, smaller than the maximum FOF drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for CSZIX and FOF.
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Drawdown Indicators
| CSZIX | FOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -59.38% | +16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -15.07% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -18.58% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -29.96% | -3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -49.74% | +7.03% |
Current DrawdownCurrent decline from peak | -2.92% | -7.82% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -9.34% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 4.68% | -2.05% |
Volatility
CSZIX vs. FOF - Volatility Comparison
Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) has a higher volatility of 5.05% compared to Cohen & Steers Closed-End Opportunity Fund (FOF) at 3.44%. This indicates that CSZIX's price experiences larger fluctuations and is considered to be riskier than FOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSZIX | FOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.44% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.32% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 13.76% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 18.05% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 20.34% | +0.50% |
CSZIX vs. FOF - Expense Ratio Comparison
CSZIX has a 0.75% expense ratio, which is lower than FOF's 0.95% expense ratio.
Dividends
CSZIX vs. FOF - Dividend Comparison
CSZIX's dividend yield for the trailing twelve months is around 3.48%, less than FOF's 7.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FOF Cohen & Steers Closed-End Opportunity Fund | 7.78% | 7.91% | 8.22% | 9.32% | 9.99% | 7.06% | 8.41% | 7.78% | 9.41% | 7.84% | 8.90% | 9.49% |
Frequently Asked Questions
CSZIX and FOF have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSZIX has higher volatility (5.05%) compared to FOF (3.44%). In terms of maximum drawdown, CSZIX dropped -42.71% vs FOF's -59.38%.
FOF currently has the higher Sharpe Ratio (1.31 vs 0.87), 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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