GREIX vs. GRIFX
GREIX (Goldman Sachs Real Estate Securities Fund) and GRIFX (Apollo Diversified Real Estate Fund Class I) are both REIT funds. Over the past 10 years, GREIX returned 5.35%/yr vs 4.35%/yr for GRIFX. Their correlation of 0.89 suggests significant overlap in exposure. GREIX charges 0.91%/yr vs 2.23%/yr for GRIFX.
Performance
GREIX vs. GRIFX - Performance Comparison
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Returns By Period
In the year-to-date period, GREIX achieves a 11.36% return, which is significantly higher than GRIFX's 3.66% return. Over the past 10 years, GREIX has outperformed GRIFX with an annualized return of 5.35%, while GRIFX has yielded a comparatively lower 4.35% annualized return.
GREIX
- 1D
- -0.10%
- 1M
- -1.12%
- YTD
- 11.36%
- 6M
- 11.87%
- 1Y
- 10.30%
- 3Y*
- 10.59%
- 5Y*
- 4.12%
- 10Y*
- 5.35%
GRIFX
- 1D
- 0.04%
- 1M
- -0.15%
- YTD
- 3.66%
- 6M
- 3.66%
- 1Y
- 4.47%
- 3Y*
- 2.44%
- 5Y*
- 3.58%
- 10Y*
- 4.35%
GREIX vs. GRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GREIX Goldman Sachs Real Estate Securities Fund | 11.36% | -0.70% | 11.77% | 17.05% | -28.76% | 44.65% | -7.53% | 25.70% | -5.03% | 2.55% |
GRIFX Apollo Diversified Real Estate Fund Class I | 3.66% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
Correlation
The correlation between GREIX and GRIFX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.89 |
The correlation between GREIX and GRIFX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
GREIX vs. GRIFX — Risk / Return Rank
GREIX
GRIFX
GREIX vs. GRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Real Estate Securities Fund (GREIX) and Apollo Diversified Real Estate Fund Class I (GRIFX). 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 | GRIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.60 | -1.34 |
| Martin ratioReturn relative to average drawdown | 3.60 | 6.42 | -2.82 |
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Drawdowns
GREIX vs. GRIFX - Drawdown Comparison
The maximum GREIX drawdown since its inception was -74.21%, which is greater than GRIFX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for GREIX and GRIFX.
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Drawdown Indicators
| GREIX | GRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.21% | -14.29% | -59.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -1.70% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -7.28% | -9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.43% | -14.29% | -20.14% |
Max Drawdown (10Y)Largest decline over 10 years | -42.98% | -14.29% | -28.69% |
Current DrawdownCurrent decline from peak | -2.91% | -2.20% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -3.36% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 0.69% | +2.16% |
Volatility
GREIX vs. GRIFX - Volatility Comparison
Goldman Sachs Real Estate Securities Fund (GREIX) has a higher volatility of 5.11% compared to Apollo Diversified Real Estate Fund Class I (GRIFX) at 1.21%. This indicates that GREIX's price experiences larger fluctuations and is considered to be riskier than GRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GREIX | GRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 1.21% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 2.68% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 3.71% | +10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 5.51% | +13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 4.65% | +16.36% |
GREIX vs. GRIFX - Expense Ratio Comparison
GREIX has a 0.91% expense ratio, which is lower than GRIFX's 2.23% expense ratio.
Dividends
GREIX vs. GRIFX - Dividend Comparison
GREIX's dividend yield for the trailing twelve months is around 33.25%, more than GRIFX's 7.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GREIX Goldman Sachs Real Estate Securities Fund | 33.25% | 35.97% | 12.22% | 4.00% | 3.54% | 6.27% | 10.16% | 18.31% | 17.65% | 20.54% | 12.29% | 4.46% |
GRIFX Apollo Diversified Real Estate Fund Class I | 7.82% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Frequently Asked Questions
With a correlation of 0.93, GREIX and GRIFX 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 (5.11%) compared to GRIFX (1.21%). In terms of maximum drawdown, GREIX dropped -74.21% vs GRIFX's -14.29%.
GRIFX currently has the higher Sharpe Ratio (1.19 vs 0.74), 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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