GREIX vs. CRARX
GREIX (Goldman Sachs Real Estate Securities Fund) and CRARX (MainStay CBRE Real Estate Fund) are both REIT funds. Over the past 10 years, GREIX returned 5.01%/yr vs 4.65%/yr for CRARX. Their 0.98 correlation means they have historically moved very closely together. GREIX charges 0.91%/yr vs 0.83%/yr for CRARX.
Performance
GREIX vs. CRARX - Performance Comparison
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Returns By Period
In the year-to-date period, GREIX achieves a 16.81% return, which is significantly lower than CRARX's 18.63% return. Over the past 10 years, GREIX has outperformed CRARX with an annualized return of 5.01%, while CRARX has yielded a comparatively lower 4.65% annualized return.
GREIX
- 1D
- -1.27%
- 1M
- 1.61%
- 6M
- 14.72%
- YTD
- 16.81%
- 1Y
- 17.83%
- 3Y*
- 11.09%
- 5Y*
- 4.02%
- 10Y*
- 5.01%
- ALL TIME*
- 9.03%
CRARX
- 1D
- -1.16%
- 1M
- 0.84%
- 6M
- 15.45%
- YTD
- 18.63%
- 1Y
- 19.80%
- 3Y*
- 8.86%
- 5Y*
- 2.80%
- 10Y*
- 4.65%
- ALL TIME*
- 8.66%
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 |
GREIX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GREIX Goldman Sachs Real Estate Securities Fund | 16.81% | -0.70% | 11.77% | 17.05% | -28.76% | 44.65% | -7.53% | 25.70% | -5.03% | 2.55% |
CRARX MainStay CBRE Real Estate Fund | 18.63% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Correlation
The correlation between GREIX and CRARX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.98 |
The correlation between GREIX and CRARX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
GREIX vs. CRARX — Risk / Return Rank
GREIX
CRARX
GREIX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Real Estate Securities Fund (GREIX) and MainStay CBRE Real Estate Fund (CRARX). 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.
| GREIX | CRARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.25 | -0.32 |
| Martin ratioReturn relative to average drawdown | 6.18 | 7.64 | -1.46 |
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Drawdowns
GREIX vs. CRARX - Drawdown Comparison
The maximum GREIX drawdown since its inception was -74.21%, roughly equal to the maximum CRARX drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for GREIX and CRARX.
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Drawdown Indicators
| GREIX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.21% | -72.66% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -7.99% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -18.78% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.43% | -35.43% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -42.98% | -45.19% | +2.21% |
Current DrawdownCurrent decline from peak | -1.85% | -1.89% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -12.51% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.42% | +0.25% |
Volatility
GREIX vs. CRARX - Volatility Comparison
Goldman Sachs Real Estate Securities Fund (GREIX) and MainStay CBRE Real Estate Fund (CRARX) have volatilities of 4.41% and 4.30%, 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
| GREIX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.30% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 10.62% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 13.62% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 19.04% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 21.33% | -0.30% |
GREIX vs. CRARX - Expense Ratio Comparison
GREIX has a 0.91% expense ratio, which is higher than CRARX's 0.83% expense ratio.
Dividends
GREIX vs. CRARX - Dividend Comparison
GREIX's dividend yield for the trailing twelve months is around 31.61%, more than CRARX's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.06% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
GREIX Goldman Sachs Real Estate Securities Fund | 31.61% | 35.97% | 12.22% | 4.00% | 3.54% | 6.27% | 10.16% | 18.31% | 17.65% | 20.54% | 12.29% | 4.46% |
Frequently Asked Questions
With a correlation of 0.98, GREIX and CRARX 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.
GREIX has higher volatility (4.41%) compared to CRARX (4.30%). In terms of maximum drawdown, GREIX dropped -74.21% vs CRARX's -72.66%.
CRARX currently has the higher Sharpe Ratio (1.33 vs 1.13), 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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