IRSAX vs. CSJZX
IRSAX (Delaware Ivy Securian Real Estate Securities Fund) and CSJZX (Cohen & Steers Realty Shares Fund Class Z) are both REIT funds. Over the past 5 years, IRSAX returned 7.50%/yr vs 4.06%/yr for CSJZX. Their 0.96 correlation means they have historically moved very closely together. IRSAX charges 1.20%/yr vs 0.80%/yr for CSJZX.
Performance
IRSAX vs. CSJZX - Performance Comparison
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Returns By Period
In the year-to-date period, IRSAX achieves a 19.63% return, which is significantly higher than CSJZX's 17.05% return.
IRSAX
- 1D
- -0.53%
- 1M
- 0.66%
- 6M
- 18.70%
- YTD
- 19.63%
- 1Y
- 26.40%
- 3Y*
- 17.69%
- 5Y*
- 7.50%
- 10Y*
- 7.35%
- ALL TIME*
- 8.61%
CSJZX
- 1D
- -0.71%
- 1M
- 1.29%
- 6M
- 16.11%
- YTD
- 17.05%
- 1Y
- 16.63%
- 3Y*
- 10.41%
- 5Y*
- 4.06%
- 10Y*
- —
- ALL TIME*
- 6.71%
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 |
IRSAX vs. CSJZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IRSAX Delaware Ivy Securian Real Estate Securities Fund | 19.63% | 7.28% | 23.62% | 9.53% | -25.47% | 43.57% | -3.51% | 7.39% |
CSJZX Cohen & Steers Realty Shares Fund Class Z | 17.05% | 2.92% | 6.62% | 12.79% | -24.89% | 42.37% | -5.11% | 7.71% |
Correlation
The correlation between IRSAX and CSJZX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2019 | 0.96 |
The correlation between IRSAX and CSJZX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
IRSAX vs. CSJZX — Risk / Return Rank
IRSAX
CSJZX
IRSAX vs. CSJZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Securian Real Estate Securities Fund (IRSAX) and Cohen & Steers Realty Shares Fund Class Z (CSJZX). 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.
| IRSAX | CSJZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.15 | +1.07 |
| Martin ratioReturn relative to average drawdown | 12.30 | 6.74 | +5.56 |
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Drawdowns
IRSAX vs. CSJZX - Drawdown Comparison
The maximum IRSAX drawdown since its inception was -72.03%, which is greater than CSJZX's maximum drawdown of -41.66%. Use the drawdown chart below to compare losses from any high point for IRSAX and CSJZX.
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Drawdown Indicators
| IRSAX | CSJZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.03% | -41.66% | -30.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -7.77% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -16.53% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.56% | -31.61% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.71% | — | — |
Current DrawdownCurrent decline from peak | -3.01% | -2.21% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -13.17% | -11.21% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.50% | -0.40% |
Volatility
IRSAX vs. CSJZX - Volatility Comparison
Delaware Ivy Securian Real Estate Securities Fund (IRSAX) and Cohen & Steers Realty Shares Fund Class Z (CSJZX) have volatilities of 4.47% and 4.38%, 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
| IRSAX | CSJZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 4.38% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 11.22% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 14.31% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.61% | 18.75% | +9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 22.84% | +2.81% |
IRSAX vs. CSJZX - Expense Ratio Comparison
IRSAX has a 1.20% expense ratio, which is higher than CSJZX's 0.80% expense ratio.
Dividends
IRSAX vs. CSJZX - Dividend Comparison
IRSAX's dividend yield for the trailing twelve months is around 20.08%, more than CSJZX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSJZX Cohen & Steers Realty Shares Fund Class Z | 2.60% | 3.05% | 2.82% | 3.54% | 7.57% | 3.72% | 2.58% | 8.65% | 0.00% | 0.00% | 0.00% | 0.00% |
IRSAX Delaware Ivy Securian Real Estate Securities Fund | 20.08% | 24.77% | 29.95% | 9.61% | 34.76% | 13.03% | 1.81% | 9.69% | 7.51% | 12.71% | 10.34% | 5.88% |
Frequently Asked Questions
With a correlation of 0.93, IRSAX and CSJZX 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.
IRSAX has higher volatility (4.47%) compared to CSJZX (4.38%). In terms of maximum drawdown, IRSAX dropped -72.03% vs CSJZX's -41.66%.
IRSAX currently has the higher Sharpe Ratio (1.94 vs 1.18), 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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