JAREX vs. SOAAX
Compare and contrast key facts about Easterly Global Real Estate Fund (JAREX) and Spirit of America Real Estate Income & Growth Fund (SOAAX).
JAREX is managed by James Alpha Advisors. It was launched on Oct 25, 2009. SOAAX is managed by Spirit of America. It was launched on Jan 9, 1998.
Performance
JAREX vs. SOAAX - Performance Comparison
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JAREX vs. SOAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 0.44% | 5.33% | 0.44% | 6.88% | -24.45% | 21.95% | -2.02% | 33.87% | -7.40% | 16.80% |
SOAAX Spirit of America Real Estate Income & Growth Fund | 4.51% | -0.90% | 7.57% | 9.60% | -28.40% | 42.01% | -5.06% | 28.09% | -6.82% | 6.80% |
Returns By Period
In the year-to-date period, JAREX achieves a 0.44% return, which is significantly lower than SOAAX's 4.51% return. Both investments have delivered pretty close results over the past 10 years, with JAREX having a 4.28% annualized return and SOAAX not far ahead at 4.43%.
JAREX
- 1D
- 1.72%
- 1M
- -9.25%
- YTD
- 0.44%
- 6M
- -1.74%
- 1Y
- 3.42%
- 3Y*
- 4.43%
- 5Y*
- -0.99%
- 10Y*
- 4.28%
SOAAX
- 1D
- 1.58%
- 1M
- -6.29%
- YTD
- 4.51%
- 6M
- 1.63%
- 1Y
- 4.03%
- 3Y*
- 5.85%
- 5Y*
- 3.09%
- 10Y*
- 4.43%
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JAREX vs. SOAAX - Expense Ratio Comparison
JAREX has a 1.36% expense ratio, which is lower than SOAAX's 1.52% expense ratio.
Return for Risk
JAREX vs. SOAAX — Risk / Return Rank
JAREX
SOAAX
JAREX vs. SOAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Global Real Estate Fund (JAREX) 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.
| JAREX | SOAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.25 | +0.01 |
Sortino ratioReturn per unit of downside risk | 0.46 | 0.45 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.40 | -0.10 |
Martin ratioReturn relative to average drawdown | 0.86 | 1.63 | -0.77 |
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
| JAREX | SOAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.25 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.17 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.23 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.25 | +0.10 |
Correlation
The correlation between JAREX and SOAAX is 0.80, 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
JAREX vs. SOAAX - Dividend Comparison
JAREX's dividend yield for the trailing twelve months is around 2.75%, less than SOAAX's 10.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 2.75% | 3.25% | 2.98% | 2.16% | 5.76% | 10.54% | 6.95% | 13.63% | 11.79% | 10.05% | 8.78% | 10.96% |
SOAAX Spirit of America Real Estate Income & Growth Fund | 10.18% | 10.64% | 9.53% | 9.32% | 9.32% | 6.12% | 8.13% | 7.11% | 8.47% | 6.87% | 7.18% | 8.97% |
Drawdowns
JAREX vs. SOAAX - Drawdown Comparison
The maximum JAREX drawdown since its inception was -40.58%, smaller than the maximum SOAAX drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for JAREX and SOAAX.
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Drawdown Indicators
| JAREX | SOAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -78.19% | +37.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.64% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -36.03% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -41.24% | +0.66% |
Current DrawdownCurrent decline from peak | -14.97% | -12.58% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -14.68% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.13% | +1.10% |
Volatility
JAREX vs. SOAAX - Volatility Comparison
Easterly Global Real Estate Fund (JAREX) has a higher volatility of 5.10% compared to Spirit of America Real Estate Income & Growth Fund (SOAAX) at 4.48%. This indicates that JAREX's price experiences larger fluctuations and is considered to be riskier than SOAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAREX | SOAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 4.48% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 8.93% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 16.45% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 18.25% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.72% | -2.36% |