IARCX vs. CRARX
IARCX (Invesco Real Estate Fund) and CRARX (MainStay CBRE Real Estate Fund) are both REIT funds. Over the past 10 years, IARCX returned 3.19%/yr vs 4.86%/yr for CRARX. Their 0.98 correlation means they have historically moved very closely together. IARCX charges 1.98%/yr vs 0.83%/yr for CRARX.
Performance
IARCX vs. CRARX - Performance Comparison
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Returns By Period
In the year-to-date period, IARCX achieves a 16.61% return, which is significantly lower than CRARX's 17.84% return. Over the past 10 years, IARCX has underperformed CRARX with an annualized return of 3.19%, while CRARX has yielded a comparatively higher 4.86% annualized return.
IARCX
- 1D
- -0.27%
- 1M
- 1.44%
- 6M
- 13.44%
- YTD
- 16.61%
- 1Y
- 15.84%
- 3Y*
- 7.78%
- 5Y*
- 0.74%
- 10Y*
- 3.19%
- ALL TIME*
- 3.86%
CRARX
- 1D
- -0.25%
- 1M
- 1.02%
- 6M
- 14.03%
- YTD
- 17.84%
- 1Y
- 17.50%
- 3Y*
- 9.72%
- 5Y*
- 2.48%
- 10Y*
- 4.86%
- ALL TIME*
- 8.63%
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 |
IARCX vs. CRARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 16.61% | -0.91% | 1.03% | 7.95% | -25.40% | 39.81% | -11.68% | 26.50% | -6.36% | 7.61% |
CRARX MainStay CBRE Real Estate Fund | 17.84% | -0.28% | 0.71% | 13.50% | -26.95% | 52.55% | -6.50% | 28.29% | -8.00% | 5.23% |
Correlation
The correlation between IARCX 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. | 0.98 |
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 Dec 31, 1996 | 0.98 |
The correlation between IARCX 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
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.
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.
| IARCX | CRARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.25 | -0.26 |
| Martin ratioReturn relative to average drawdown | 6.46 | 7.60 | -1.14 |
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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 | -8.18% | -7.99% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -18.78% | +0.73% |
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 | -5.99% | -2.55% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -35.96% | -12.51% | -23.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.36% | +0.15% |
Volatility
IARCX vs. CRARX - Volatility Comparison
Invesco Real Estate Fund (IARCX) and MainStay CBRE Real Estate Fund (CRARX) have volatilities of 4.19% and 4.10%, 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
| IARCX | CRARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.10% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 10.49% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 13.49% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 19.04% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 21.33% | -0.44% |
IARCX vs. CRARX - Expense Ratio Comparison
IARCX has a 1.98% expense ratio, which is higher than CRARX's 0.83% expense ratio.
Dividends
IARCX vs. CRARX - Dividend Comparison
IARCX's dividend yield for the trailing twelve months is around 4.32%, more than CRARX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRARX MainStay CBRE Real Estate Fund | 2.07% | 2.57% | 1.80% | 3.36% | 34.64% | 4.37% | 1.77% | 15.57% | 30.33% | 21.82% | 8.85% | 7.27% |
IARCX Invesco Real Estate Fund | 4.32% | 5.26% | 3.66% | 2.50% | 9.87% | 4.94% | 6.58% | 7.98% | 6.65% | 5.22% | 14.83% | 16.26% |
Frequently Asked Questions
With a correlation of 0.98, IARCX 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.
IARCX has higher volatility (4.19%) compared to CRARX (4.10%). In terms of maximum drawdown, IARCX dropped -82.76% vs CRARX's -72.66%.
CRARX currently has the higher Sharpe Ratio (1.34 vs 1.19), 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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