GRIFX vs. CREEX
GRIFX (Apollo Diversified Real Estate Fund Class I) and CREEX (Columbia Real Estate Equity Fund) are both REIT funds. Over the past 10 years, GRIFX returned 4.35%/yr vs 5.97%/yr for CREEX. Their correlation of 0.90 suggests significant overlap in exposure. GRIFX charges 2.23%/yr vs 1.01%/yr for CREEX.
Performance
GRIFX vs. CREEX - Performance Comparison
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Returns By Period
In the year-to-date period, GRIFX achieves a 3.66% return, which is significantly lower than CREEX's 14.21% return. Over the past 10 years, GRIFX has underperformed CREEX with an annualized return of 4.35%, while CREEX has yielded a comparatively higher 5.97% annualized return.
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%
CREEX
- 1D
- 0.47%
- 1M
- -0.75%
- YTD
- 14.21%
- 6M
- 14.21%
- 1Y
- 14.94%
- 3Y*
- 9.91%
- 5Y*
- 5.14%
- 10Y*
- 5.97%
GRIFX vs. CREEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CREEX Columbia Real Estate Equity Fund | 14.21% | 0.19% | 7.40% | 16.20% | -25.10% | 41.91% | -3.54% | 28.40% | -7.21% | 4.56% |
Correlation
The correlation between GRIFX and CREEX 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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.90 |
The correlation between GRIFX and CREEX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
GRIFX vs. CREEX — Risk / Return Rank
GRIFX
CREEX
GRIFX vs. CREEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Diversified Real Estate Fund Class I (GRIFX) and Columbia Real Estate Equity Fund (CREEX). 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.
| GRIFX | CREEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.85 | +0.76 |
| Martin ratioReturn relative to average drawdown | 6.42 | 5.50 | +0.92 |
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Drawdowns
GRIFX vs. CREEX - Drawdown Comparison
The maximum GRIFX drawdown since its inception was -14.29%, smaller than the maximum CREEX drawdown of -70.78%. Use the drawdown chart below to compare losses from any high point for GRIFX and CREEX.
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Drawdown Indicators
| GRIFX | CREEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -70.78% | +56.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -7.94% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -19.89% | +12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -31.25% | +16.96% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | -41.42% | +27.13% |
Current DrawdownCurrent decline from peak | -2.20% | -2.30% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -10.70% | +7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.66% | -1.97% |
Volatility
GRIFX vs. CREEX - Volatility Comparison
The current volatility for Apollo Diversified Real Estate Fund Class I (GRIFX) is 1.21%, while Columbia Real Estate Equity Fund (CREEX) has a volatility of 4.98%. This indicates that GRIFX experiences smaller price fluctuations and is considered to be less risky than CREEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRIFX | CREEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 4.98% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 10.05% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 14.15% | -10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 19.07% | -13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 20.69% | -16.04% |
GRIFX vs. CREEX - Expense Ratio Comparison
GRIFX has a 2.23% expense ratio, which is higher than CREEX's 1.01% expense ratio.
Dividends
GRIFX vs. CREEX - Dividend Comparison
GRIFX's dividend yield for the trailing twelve months is around 7.82%, more than CREEX's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CREEX Columbia Real Estate Equity Fund | 3.81% | 6.26% | 10.13% | 32.32% | 5.92% | 6.41% | 7.50% | 12.02% | 8.22% | 14.73% | 4.23% | 8.59% |
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 0.96, GRIFX and CREEX 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.
CREEX has higher volatility (4.98%) compared to GRIFX (1.21%). In terms of maximum drawdown, GRIFX dropped -14.29% vs CREEX's -70.78%.
GRIFX currently has the higher Sharpe Ratio (1.19 vs 1.04), 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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