JAREX vs. VGSNX
JAREX (Easterly Global Real Estate Fund) and VGSNX (Vanguard Real Estate Index Fund Institutional Shares) are both REIT funds. Over the past 10 years, JAREX returned 4.91%/yr vs 4.78%/yr for VGSNX. Their correlation of 0.81 means they have usually moved in the same direction. JAREX charges 1.36%/yr vs 0.11%/yr for VGSNX.
Performance
JAREX vs. VGSNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JAREX having a 14.83% return and VGSNX slightly lower at 14.63%. Both investments have delivered pretty close results over the past 10 years, with JAREX having a 4.91% annualized return and VGSNX not far behind at 4.78%.
JAREX
- 1D
- 0.20%
- 1M
- 2.39%
- 6M
- 9.50%
- YTD
- 14.83%
- 1Y
- 13.05%
- 3Y*
- 7.76%
- 5Y*
- 0.12%
- 10Y*
- 4.91%
- ALL TIME*
- 6.47%
VGSNX
- 1D
- -1.22%
- 1M
- 1.44%
- 6M
- 11.70%
- YTD
- 14.63%
- 1Y
- 16.19%
- 3Y*
- 9.54%
- 5Y*
- 2.56%
- 10Y*
- 4.78%
- ALL TIME*
- 8.13%
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 |
JAREX vs. VGSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 14.83% | 5.33% | 0.44% | 6.88% | -24.45% | 21.95% | -2.02% | 33.87% | -7.40% | 16.80% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 14.63% | 3.21% | 3.72% | 13.12% | -26.19% | 40.46% | -4.76% | 28.98% | -5.97% | 4.90% |
Correlation
The correlation between JAREX and VGSNX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2009 | 0.81 |
The correlation between JAREX and VGSNX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
JAREX vs. VGSNX — Risk / Return Rank
JAREX
VGSNX
JAREX vs. VGSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Global Real Estate Fund (JAREX) and Vanguard Real Estate Index Fund Institutional Shares (VGSNX). 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.
| JAREX | VGSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.72 | -0.66 |
| Martin ratioReturn relative to average drawdown | 3.54 | 5.58 | -2.04 |
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Drawdowns
JAREX vs. VGSNX - Drawdown Comparison
The maximum JAREX drawdown since its inception was -40.58%, smaller than the maximum VGSNX drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for JAREX and VGSNX.
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Drawdown Indicators
| JAREX | VGSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -73.06% | +32.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -8.34% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -17.38% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -34.39% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | -42.30% | +1.72% |
Current DrawdownCurrent decline from peak | -2.79% | -1.40% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -13.20% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.58% | +0.93% |
Volatility
JAREX vs. VGSNX - Volatility Comparison
The current volatility for Easterly Global Real Estate Fund (JAREX) is 3.08%, while Vanguard Real Estate Index Fund Institutional Shares (VGSNX) has a volatility of 4.45%. This indicates that JAREX experiences smaller price fluctuations and is considered to be less risky than VGSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAREX | VGSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.45% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 10.78% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 13.93% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 18.96% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 20.96% | -3.61% |
JAREX vs. VGSNX - Expense Ratio Comparison
JAREX has a 1.36% expense ratio, which is higher than VGSNX's 0.11% expense ratio.
Dividends
JAREX vs. VGSNX - Dividend Comparison
JAREX's dividend yield for the trailing twelve months is around 2.80%, less than VGSNX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAREX Easterly Global Real Estate Fund | 2.80% | 3.25% | 2.98% | 2.16% | 5.76% | 10.54% | 6.95% | 13.63% | 11.79% | 10.05% | 8.78% | 10.96% |
VGSNX Vanguard Real Estate Index Fund Institutional Shares | 3.51% | 3.94% | 3.87% | 3.93% | 3.94% | 2.57% | 3.95% | 3.40% | 4.75% | 4.26% | 4.84% | 3.94% |
Frequently Asked Questions
JAREX and VGSNX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSNX has higher volatility (4.45%) compared to JAREX (3.08%). In terms of maximum drawdown, JAREX dropped -40.58% vs VGSNX's -73.06%.
VGSNX currently has the higher Sharpe Ratio (1.04 vs 1.03), 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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