GRIFX vs. GREIX
GRIFX (Apollo Diversified Real Estate Fund Class I) and GREIX (Goldman Sachs Real Estate Securities Fund) are both REIT funds. Over the past 10 years, GRIFX returned 4.38%/yr vs 5.01%/yr for GREIX. Their correlation of 0.89 means they have usually moved in the same direction. GRIFX charges 2.23%/yr vs 0.91%/yr for GREIX.
Performance
GRIFX vs. GREIX - Performance Comparison
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Returns By Period
In the year-to-date period, GRIFX achieves a 4.42% return, which is significantly lower than GREIX's 16.81% return. Over the past 10 years, GRIFX has underperformed GREIX with an annualized return of 4.38%, while GREIX has yielded a comparatively higher 5.01% annualized return.
GRIFX
- 1D
- -0.57%
- 1M
- -0.77%
- 6M
- 3.71%
- YTD
- 4.42%
- 1Y
- 5.96%
- 3Y*
- 2.38%
- 5Y*
- 3.03%
- 10Y*
- 4.38%
- ALL TIME*
- 4.76%
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%
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 |
GRIFX vs. GREIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRIFX Apollo Diversified Real Estate Fund Class I | 4.42% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
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% |
Correlation
The correlation between GRIFX and GREIX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.89 |
The correlation between GRIFX and GREIX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
GRIFX vs. GREIX — Risk / Return Rank
GRIFX
GREIX
GRIFX vs. GREIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Diversified Real Estate Fund Class I (GRIFX) and Goldman Sachs Real Estate Securities Fund (GREIX). 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 | GREIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 1.93 | +1.19 |
| Martin ratioReturn relative to average drawdown | 8.15 | 6.18 | +1.97 |
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Drawdowns
GRIFX vs. GREIX - Drawdown Comparison
The maximum GRIFX drawdown since its inception was -14.29%, smaller than the maximum GREIX drawdown of -74.21%. Use the drawdown chart below to compare losses from any high point for GRIFX and GREIX.
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Drawdown Indicators
| GRIFX | GREIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -74.21% | +59.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -8.13% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -15.70% | +9.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -34.43% | +20.14% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | -42.98% | +28.69% |
Current DrawdownCurrent decline from peak | -1.48% | -1.85% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -12.74% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.67% | -2.01% |
Volatility
GRIFX vs. GREIX - Volatility Comparison
The current volatility for Apollo Diversified Real Estate Fund Class I (GRIFX) is 1.29%, while Goldman Sachs Real Estate Securities Fund (GREIX) has a volatility of 4.41%. This indicates that GRIFX experiences smaller price fluctuations and is considered to be less risky than GREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRIFX | GREIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 4.41% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 10.91% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 14.04% | -10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 19.43% | -13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 21.03% | -16.39% |
GRIFX vs. GREIX - Expense Ratio Comparison
GRIFX has a 2.23% expense ratio, which is higher than GREIX's 0.91% expense ratio.
Dividends
GRIFX vs. GREIX - Dividend Comparison
GRIFX's dividend yield for the trailing twelve months is around 7.76%, less than GREIX's 31.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GRIFX Apollo Diversified Real Estate Fund Class I | 7.76% | 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 0.92, GRIFX and GREIX 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 GRIFX (1.29%). In terms of maximum drawdown, GRIFX dropped -14.29% vs GREIX's -74.21%.
GRIFX currently has the higher Sharpe Ratio (1.41 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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