FARCX vs. MXREX
FARCX (Nuveen Real Estate Securities Fund) and MXREX (Great-West Real Estate Index Fund) are both REIT funds. Over the past 10 years, FARCX returned 5.73%/yr vs 4.21%/yr for MXREX. Their correlation of 0.95 suggests significant overlap in exposure. FARCX charges 0.97%/yr vs 0.70%/yr for MXREX.
Performance
FARCX vs. MXREX - Performance Comparison
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Returns By Period
In the year-to-date period, FARCX achieves a 14.50% return, which is significantly lower than MXREX's 15.55% return. Over the past 10 years, FARCX has outperformed MXREX with an annualized return of 5.73%, while MXREX has yielded a comparatively lower 4.21% annualized return.
FARCX
- 1D
- 1.17%
- 1M
- -0.24%
- YTD
- 14.50%
- 6M
- 15.11%
- 1Y
- 15.30%
- 3Y*
- 11.71%
- 5Y*
- 4.18%
- 10Y*
- 5.73%
MXREX
- 1D
- 1.36%
- 1M
- 0.64%
- YTD
- 15.55%
- 6M
- 15.86%
- 1Y
- 18.03%
- 3Y*
- 13.16%
- 5Y*
- 4.48%
- 10Y*
- 4.21%
FARCX vs. MXREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FARCX Nuveen Real Estate Securities Fund | 14.50% | 2.56% | 6.04% | 11.55% | -24.57% | 41.57% | -6.14% | 25.63% | -5.57% | 5.67% |
MXREX Great-West Real Estate Index Fund | 15.55% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -4.92% | 2.25% |
Correlation
The correlation between FARCX and MXREX is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.95 |
The correlation between FARCX and MXREX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
FARCX vs. MXREX — Risk / Return Rank
FARCX
MXREX
FARCX vs. MXREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Estate Securities Fund (FARCX) and Great-West Real Estate Index Fund (MXREX). 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.
| FARCX | MXREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.59 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.99 | 8.56 | -1.56 |
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Drawdowns
FARCX vs. MXREX - Drawdown Comparison
The maximum FARCX drawdown since its inception was -70.62%, which is greater than MXREX's maximum drawdown of -43.89%. Use the drawdown chart below to compare losses from any high point for FARCX and MXREX.
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Drawdown Indicators
| FARCX | MXREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.62% | -43.89% | -26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -7.73% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -18.79% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -33.06% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -41.05% | -43.89% | +2.84% |
Current DrawdownCurrent decline from peak | -1.50% | -1.33% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -11.59% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.31% | +0.11% |
Volatility
FARCX vs. MXREX - Volatility Comparison
The current volatility for Nuveen Real Estate Securities Fund (FARCX) is 4.93%, while Great-West Real Estate Index Fund (MXREX) has a volatility of 5.29%. This indicates that FARCX experiences smaller price fluctuations and is considered to be less risky than MXREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARCX | MXREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 5.29% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 10.21% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 13.94% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 19.37% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 21.98% | -1.78% |
FARCX vs. MXREX - Expense Ratio Comparison
FARCX has a 0.97% expense ratio, which is higher than MXREX's 0.70% expense ratio.
Dividends
FARCX vs. MXREX - Dividend Comparison
FARCX's dividend yield for the trailing twelve months is around 5.09%, more than MXREX's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARCX Nuveen Real Estate Securities Fund | 5.09% | 5.77% | 9.34% | 3.30% | 20.25% | 15.12% | 2.89% | 11.46% | 6.19% | 13.43% | 10.99% | 8.24% |
MXREX Great-West Real Estate Index Fund | 1.79% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, FARCX and MXREX 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.
MXREX has higher volatility (5.29%) compared to FARCX (4.93%). In terms of maximum drawdown, FARCX dropped -70.62% vs MXREX's -43.89%.
MXREX currently has the higher Sharpe Ratio (1.44 vs 1.25), 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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