CSZIX vs. RAPZX
CSZIX (Cohen & Steers Real Estate Securities Fund Class Z) and RAPZX (Cohen & Steers Real Assets Fund Inc) are both mutual funds - CSZIX is a REIT fund actively managed by Cohen & Steers, while RAPZX is a Global Allocation fund managed by Cohen & Steers. Over the past 10 years, CSZIX returned 6.78%/yr vs 6.62%/yr for RAPZX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. CSZIX charges 0.75%/yr vs 0.80%/yr for RAPZX.
Performance
CSZIX vs. RAPZX - Performance Comparison
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Returns By Period
In the year-to-date period, CSZIX achieves a 17.01% return, which is significantly higher than RAPZX's 13.68% return. Both investments have delivered pretty close results over the past 10 years, with CSZIX having a 6.78% annualized return and RAPZX not far behind at 6.62%.
CSZIX
- 1D
- -1.23%
- 1M
- 1.78%
- 6M
- 15.16%
- YTD
- 17.01%
- 1Y
- 18.35%
- 3Y*
- 11.09%
- 5Y*
- 4.10%
- 10Y*
- 6.78%
- ALL TIME*
- 7.82%
RAPZX
- 1D
- 0.49%
- 1M
- 3.52%
- 6M
- 6.70%
- YTD
- 13.68%
- 1Y
- 17.19%
- 3Y*
- 10.24%
- 5Y*
- 7.13%
- 10Y*
- 6.62%
- ALL TIME*
- 4.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CSZIX vs. RAPZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 17.01% | 4.41% | 6.81% | 13.26% | -26.21% | 41.81% | -1.64% | 31.95% | -4.17% | 8.18% |
RAPZX Cohen & Steers Real Assets Fund Inc | 13.68% | 11.96% | 4.35% | 3.88% | -2.05% | 23.51% | -0.84% | 17.77% | -8.44% | 6.51% |
Correlation
The correlation between CSZIX and RAPZX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.61 |
The correlation between CSZIX and RAPZX shifts across timeframes, from 0.46 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSZIX vs. RAPZX — Risk / Return Rank
CSZIX
RAPZX
CSZIX vs. RAPZX - 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 Real Assets Fund Inc (RAPZX). 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 | RAPZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.62 | -0.51 |
| Martin ratioReturn relative to average drawdown | 7.44 | 7.36 | +0.07 |
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Drawdowns
CSZIX vs. RAPZX - Drawdown Comparison
The maximum CSZIX drawdown since its inception was -42.71%, which is greater than RAPZX's maximum drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for CSZIX and RAPZX.
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Drawdown Indicators
| CSZIX | RAPZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -30.69% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -6.26% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -8.84% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -19.31% | -13.74% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -30.69% | -12.02% |
Current DrawdownCurrent decline from peak | -1.72% | -2.14% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -8.01% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.23% | +0.16% |
Volatility
CSZIX vs. RAPZX - Volatility Comparison
Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) has a higher volatility of 4.24% compared to Cohen & Steers Real Assets Fund Inc (RAPZX) at 2.03%. This indicates that CSZIX's price experiences larger fluctuations and is considered to be riskier than RAPZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSZIX | RAPZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.03% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 6.98% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 10.38% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 12.77% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 12.72% | +8.14% |
CSZIX vs. RAPZX - Expense Ratio Comparison
CSZIX has a 0.75% expense ratio, which is lower than RAPZX's 0.80% expense ratio.
Dividends
CSZIX vs. RAPZX - Dividend Comparison
CSZIX's dividend yield for the trailing twelve months is around 3.23%, more than RAPZX's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 3.23% | 3.81% | 2.85% | 3.00% | 7.77% | 4.38% | 5.47% | 7.70% | 3.68% | 2.60% | 5.90% | 22.32% |
RAPZX Cohen & Steers Real Assets Fund Inc | 1.22% | 1.44% | 3.20% | 2.71% | 3.08% | 9.61% | 1.71% | 2.85% | 2.06% | 1.76% | 2.83% | 2.00% |
Frequently Asked Questions
CSZIX and RAPZX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSZIX has higher volatility (4.24%) compared to RAPZX (2.03%). In terms of maximum drawdown, CSZIX dropped -42.71% vs RAPZX's -30.69%.
RAPZX currently has the higher Sharpe Ratio (1.59 vs 1.21), 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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