IRGIX vs. SOAAX

Last updated Aug 1, 2026

IRGIX (VY CBRE Global Real Estate Portfolio) and SOAAX (Spirit of America Real Estate Income & Growth Fund) are both REIT funds. Over the past 10 years, IRGIX returned 4.16%/yr vs 4.79%/yr for SOAAX. Their correlation of 0.88 means they have usually moved in the same direction. IRGIX charges 0.87%/yr vs 1.52%/yr for SOAAX.

Performance

IRGIX vs. SOAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY CBRE Global Real Estate Portfolio (IRGIX) and Spirit of America Real Estate Income & Growth Fund (SOAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRGIX achieves a 14.11% return, which is significantly lower than SOAAX's 18.10% return. Over the past 10 years, IRGIX has underperformed SOAAX with an annualized return of 4.16%, while SOAAX has yielded a comparatively higher 4.79% annualized return.

IRGIX

• 1D: 0.00%
• 1M: 3.17%
• 6M: 10.90%
• YTD: 14.11%
• 1Y: 18.22%
• 3Y*: 9.30%
• 5Y*: 2.50%
• 10Y*: 4.16%
• ALL TIME*: 4.98%

SOAAX

• 1D: -1.10%
• 1M: 0.90%
• 6M: 14.80%
• YTD: 18.10%
• 1Y: 20.27%
• 3Y*: 9.42%
• 5Y*: 2.57%
• 10Y*: 4.79%
• ALL TIME*: 6.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IRGIX VY CBRE Global Real Estate Portfolio	$0.00	$0.00	$0.00
SOAAX Spirit of America Real Estate Income & Growth Fund	$0.00	$0.00	$0.00

IRGIX vs. SOAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRGIX VY CBRE Global Real Estate Portfolio	14.11%	6.78%	0.38%	12.63%	-24.95%	34.42%	-4.96%	24.74%	-8.52%	10.82%
SOAAX Spirit of America Real Estate Income & Growth Fund	18.10%	-0.90%	7.57%	9.60%	-28.40%	42.01%	-5.06%	28.09%	-6.82%	6.80%

Correlation

The correlation between IRGIX and SOAAX is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.88

The correlation between IRGIX and SOAAX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

IRGIX vs. SOAAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IRGIX

IRGIX Risk / Return Rank: 50
IRGIX Sharpe Ratio Rank: 52
IRGIX Sortino Ratio Rank: 48
IRGIX Omega Ratio Rank: 53
IRGIX Calmar Ratio Rank: 49
IRGIX Martin Ratio Rank: 46

SOAAX

SOAAX Risk / Return Rank: 53
SOAAX Sharpe Ratio Rank: 50
SOAAX Sortino Ratio Rank: 46
SOAAX Omega Ratio Rank: 45
SOAAX Calmar Ratio Rank: 70
SOAAX Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IRGIX vs. SOAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY CBRE Global Real Estate Portfolio (IRGIX) and Spirit of America Real Estate Income & Growth Fund (SOAAX). 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.

	IRGIX	SOAAX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.34	+0.06
Sortino ratio: Return per unit of downside risk	1.95	1.87	+0.08
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	1.89	2.30	-0.41
Martin ratio: Return relative to average drawdown	6.68	7.25	-0.57

IRGIX vs. SOAAX - Sharpe Ratio Comparison

The current IRGIX Sharpe Ratio is 1.40, which is comparable to the SOAAX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of IRGIX and SOAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IRGIX vs. SOAAX - Drawdown Comparison

The maximum IRGIX drawdown since its inception was -68.77%, smaller than the maximum SOAAX drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for IRGIX and SOAAX.

Drawdown Indicators

	IRGIX	SOAAX	Difference
Max Drawdown Largest peak-to-trough decline	-68.77%	-78.19%	+9.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-7.74%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.56%	-19.29%	+0.73%
Max Drawdown (5Y) Largest decline over 5 years	-33.32%	-36.03%	+2.71%
Max Drawdown (10Y) Largest decline over 10 years	-42.76%	-41.24%	-1.52%
Current Drawdown Current decline from peak	0.00%	-2.70%	+2.70%
Average Drawdown Average peak-to-trough decline	-14.06%	-14.55%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.47%	+0.27%

Volatility

IRGIX vs. SOAAX - Volatility Comparison

VY CBRE Global Real Estate Portfolio (IRGIX) and Spirit of America Real Estate Income & Growth Fund (SOAAX) have volatilities of 4.02% and 4.17%, 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.

Volatility by Period

	IRGIX	SOAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.17%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.98%	10.25%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	13.35%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	18.27%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	19.75%	-1.87%

IRGIX vs. SOAAX - Expense Ratio Comparison

IRGIX has a 0.87% expense ratio, which is lower than SOAAX's 1.52% expense ratio.

Dividends

IRGIX vs. SOAAX - Dividend Comparison

IRGIX's dividend yield for the trailing twelve months is around 15.15%, more than SOAAX's 9.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRGIX VY CBRE Global Real Estate Portfolio	15.15%	3.00%	3.20%	2.90%	10.28%	2.59%	15.46%	2.73%	6.15%	3.71%	1.41%	3.38%
SOAAX Spirit of America Real Estate Income & Growth Fund	9.43%	10.64%	9.53%	9.32%	9.32%	6.12%	8.13%	7.11%	8.47%	6.87%	7.18%	8.97%

Frequently Asked Questions

Can I hold both IRGIX and SOAAX in my portfolio?

IRGIX and SOAAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRGIX or SOAAX?

SOAAX has higher volatility (4.17%) compared to IRGIX (4.02%). In terms of maximum drawdown, IRGIX dropped -68.77% vs SOAAX's -78.19%.

Which has better risk-adjusted returns?

IRGIX currently has the higher Sharpe Ratio (1.40 vs 1.34), 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.