LHYAX vs. TIREX

Last updated Jun 3, 2026

LHYAX (Lord Abbett High Yield Fund) and TIREX (TIAA-CREF Real Estate Securities Fund Institutional Class) are both mutual funds - LHYAX is a High Yield Bonds fund managed by Lord Abbett, while TIREX is a REIT fund managed by TIAA Investments. Over the past 10 years, LHYAX returned 4.61%/yr vs 6.42%/yr for TIREX. At a 0.30 correlation, their price movements are largely independent. LHYAX charges 0.88%/yr vs 0.47%/yr for TIREX.

Performance

LHYAX vs. TIREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett High Yield Fund (LHYAX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LHYAX achieves a 1.86% return, which is significantly lower than TIREX's 8.91% return. Over the past 10 years, LHYAX has underperformed TIREX with an annualized return of 4.61%, while TIREX has yielded a comparatively higher 6.42% annualized return.

LHYAX

• 1D: 0.00%
• 1M: 0.41%
• YTD: 1.86%
• 6M: 2.64%
• 1Y: 8.12%
• 3Y*: 7.72%
• 5Y*: 2.35%
• 10Y*: 4.61%

TIREX

• 1D: -1.88%
• 1M: -2.33%
• YTD: 8.91%
• 6M: 7.77%
• 1Y: 10.13%
• 3Y*: 9.15%
• 5Y*: 1.46%
• 10Y*: 6.42%

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

LHYAX vs. TIREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LHYAX Lord Abbett High Yield Fund	1.86%	7.44%	7.25%	9.84%	-14.97%	6.16%	4.56%	15.11%	-5.10%	8.53%
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class	8.91%	2.10%	5.30%	12.16%	-28.74%	39.39%	1.29%	31.09%	-4.06%	11.73%

Correlation

The correlation between LHYAX and TIREX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002	0.30

The correlation between LHYAX and TIREX shifts across timeframes, from 0.30 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LHYAX vs. TIREX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LHYAX

LHYAX Risk / Return Rank: 69
LHYAX Sharpe Ratio Rank: 57
LHYAX Sortino Ratio Rank: 82
LHYAX Omega Ratio Rank: 81
LHYAX Calmar Ratio Rank: 57
LHYAX Martin Ratio Rank: 67

TIREX

TIREX Risk / Return Rank: 11
TIREX Sharpe Ratio Rank: 10
TIREX Sortino Ratio Rank: 9
TIREX Omega Ratio Rank: 9
TIREX Calmar Ratio Rank: 14
TIREX Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LHYAX vs. TIREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX). 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.

	LHYAX	TIREX	Difference
Sharpe ratio Return per unit of total volatility	2.24	0.80	+1.44
Sortino ratio Return per unit of downside risk	3.89	1.15	+2.74
Omega ratio Gain probability vs. loss probability	1.54	1.14	+0.39
Calmar ratio Return relative to maximum drawdown	2.91	1.32	+1.58
Martin ratio Return relative to average drawdown	13.15	4.56	+8.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LHYAX vs. TIREX - Sharpe Ratio Comparison

The current LHYAX Sharpe Ratio is 2.24, which is higher than the TIREX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of LHYAX and TIREX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LHYAX	TIREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.80	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.08	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.32	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.33	+0.83

Drawdowns

LHYAX vs. TIREX - Drawdown Comparison

The maximum LHYAX drawdown since its inception was -31.68%, smaller than the maximum TIREX drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for LHYAX and TIREX.

Drawdown Indicators

	LHYAX	TIREX	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-74.18%	+42.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-8.55%	+5.53%
Max Drawdown (3Y) Largest decline over 3 years	-4.87%	-17.95%	+13.08%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-35.67%	+17.00%
Max Drawdown (10Y) Largest decline over 10 years	-24.23%	-39.26%	+15.03%
Current Drawdown Current decline from peak	0.00%	-6.41%	+6.41%
Average Drawdown Average peak-to-trough decline	-3.07%	-13.49%	+10.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	2.48%	-1.81%

Volatility

LHYAX vs. TIREX - Volatility Comparison

The current volatility for Lord Abbett High Yield Fund (LHYAX) is 1.06%, while TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a volatility of 3.67%. This indicates that LHYAX experiences smaller price fluctuations and is considered to be less risky than TIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LHYAX	TIREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	3.67%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	9.57%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	12.96%	-9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	18.83%	-13.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.73%	20.14%	-14.41%

LHYAX vs. TIREX - Expense Ratio Comparison

LHYAX has a 0.88% expense ratio, which is higher than TIREX's 0.47% expense ratio.

Dividends

LHYAX vs. TIREX - Dividend Comparison

LHYAX's dividend yield for the trailing twelve months is around 7.20%, more than TIREX's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LHYAX Lord Abbett High Yield Fund	7.20%	7.13%	6.02%	5.84%	4.60%	4.91%	5.15%	5.47%	6.29%	5.65%	5.85%	6.08%
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class	2.53%	3.56%	3.08%	2.71%	5.13%	3.07%	1.80%	6.18%	3.54%	7.20%	4.16%	5.65%

Frequently Asked Questions

Can I hold both LHYAX and TIREX in my portfolio?

LHYAX and TIREX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LHYAX or TIREX?

TIREX has higher volatility (3.67%) compared to LHYAX (1.06%). In terms of maximum drawdown, LHYAX dropped -31.68% vs TIREX's -74.18%.

Which has better risk-adjusted returns?

LHYAX currently has the higher Sharpe Ratio (2.24 vs 0.80), 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.