IARCX vs. CRARX
Compare and contrast key facts about Invesco Real Estate Fund (IARCX) and MainStay CBRE Real Estate Fund (CRARX).
IARCX is managed by Invesco. It was launched on May 1, 1995. CRARX is managed by New York Life. It was launched on Dec 31, 1996.
Performance
IARCX vs. CRARX - Performance Comparison
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IARCX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 3.12% | -0.91% | 1.03% | 7.95% | -25.40% | 39.81% | -11.68% | 26.50% | -6.36% | 7.61% |
CRARX MainStay CBRE Real Estate Fund | 4.03% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Returns By Period
In the year-to-date period, IARCX achieves a 3.12% return, which is significantly lower than CRARX's 4.03% return. Over the past 10 years, IARCX has underperformed CRARX with an annualized return of 2.71%, while CRARX has yielded a comparatively higher 4.31% annualized return.
IARCX
- 1D
- 1.63%
- 1M
- -6.51%
- YTD
- 3.12%
- 6M
- 0.90%
- 1Y
- 0.19%
- 3Y*
- 3.02%
- 5Y*
- 1.07%
- 10Y*
- 2.71%
CRARX
- 1D
- 0.67%
- 1M
- -7.02%
- YTD
- 4.03%
- 6M
- 1.92%
- 1Y
- 2.02%
- 3Y*
- 4.89%
- 5Y*
- 3.16%
- 10Y*
- 4.31%
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IARCX vs. CRARX - Expense Ratio Comparison
IARCX has a 1.98% expense ratio, which is higher than CRARX's 0.83% expense ratio.
Return for Risk
IARCX vs. CRARX — Risk / Return Rank
IARCX
CRARX
IARCX vs. CRARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate Fund (IARCX) 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.
| IARCX | CRARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 0.13 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.13 | 0.28 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.26 | -0.16 |
Martin ratioReturn relative to average drawdown | 0.35 | 1.02 | -0.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IARCX | CRARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.13 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.17 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.20 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.32 | -0.30 |
Correlation
The correlation between IARCX and CRARX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IARCX vs. CRARX - Dividend Comparison
IARCX's dividend yield for the trailing twelve months is around 4.99%, more than CRARX's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 4.99% | 5.26% | 3.66% | 2.50% | 9.87% | 4.94% | 6.58% | 7.98% | 6.65% | 5.22% | 14.83% | 16.26% |
CRARX MainStay CBRE Real Estate Fund | 1.66% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
Drawdowns
IARCX vs. CRARX - Drawdown Comparison
The maximum IARCX drawdown since its inception was -82.76%, which is greater than CRARX's maximum drawdown of -72.66%. Use the drawdown chart below to compare losses from any high point for IARCX and CRARX.
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Drawdown Indicators
| IARCX | CRARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.76% | -72.66% | -10.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -12.25% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -35.43% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -45.19% | +2.74% |
Current DrawdownCurrent decline from peak | -16.87% | -13.38% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -36.26% | -12.61% | -23.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.07% | +0.23% |
Volatility
IARCX vs. CRARX - Volatility Comparison
Invesco Real Estate Fund (IARCX) has a higher volatility of 4.68% compared to MainStay CBRE Real Estate Fund (CRARX) at 4.16%. This indicates that IARCX's price experiences larger fluctuations and is considered to be riskier than CRARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IARCX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.16% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.01% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 15.89% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 18.98% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 21.29% | -0.46% |