MGLIX vs. TIREX
Compare and contrast key facts about MFS Global Real Estate Fund (MGLIX) and TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX).
MGLIX is managed by MFS. It was launched on Mar 10, 2009. TIREX is managed by TIAA Investments. It was launched on Oct 1, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGLIX or TIREX.
Key characteristics
| MGLIX | TIREX | |
|---|---|---|
| YTD Return | 3.96% | 11.65% |
| 1Y Return | 22.36% | 31.71% |
| 3Y Return (Ann) | -4.13% | -1.94% |
| 5Y Return (Ann) | 2.76% | 5.33% |
| 10Y Return (Ann) | 5.75% | 7.25% |
| Sharpe Ratio | 1.36 | 1.75 |
| Sortino Ratio | 2.08 | 2.53 |
| Omega Ratio | 1.25 | 1.31 |
| Calmar Ratio | 0.68 | 0.92 |
| Martin Ratio | 5.27 | 6.43 |
| Ulcer Index | 4.00% | 4.60% |
| Daily Std Dev | 15.44% | 16.88% |
| Max Drawdown | -38.55% | -74.18% |
| Current Drawdown | -15.45% | -10.76% |
Correlation
The correlation between MGLIX and TIREX is 0.89, 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.
Performance
MGLIX vs. TIREX - Performance Comparison
In the year-to-date period, MGLIX achieves a 3.96% return, which is significantly lower than TIREX's 11.65% return. Over the past 10 years, MGLIX has underperformed TIREX with an annualized return of 5.75%, while TIREX has yielded a comparatively higher 7.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGLIX vs. TIREX - Expense Ratio Comparison
MGLIX has a 0.92% expense ratio, which is higher than TIREX's 0.47% expense ratio.
Risk-Adjusted Performance
MGLIX vs. TIREX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Real Estate Fund (MGLIX) 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.
Dividends
MGLIX vs. TIREX - Dividend Comparison
MGLIX's dividend yield for the trailing twelve months is around 1.79%, less than TIREX's 2.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGLIX MFS Global Real Estate Fund | 1.79% | 1.86% | 0.58% | 1.59% | 1.00% | 5.79% | 2.57% | 2.38% | 4.27% | 3.91% | 7.27% | 9.24% |
TIREX TIAA-CREF Real Estate Securities Fund Institutional Class | 2.84% | 2.72% | 2.19% | 1.41% | 1.80% | 1.68% | 2.60% | 1.55% | 2.63% | 2.00% | 1.69% | 2.02% |
Drawdowns
MGLIX vs. TIREX - Drawdown Comparison
The maximum MGLIX drawdown since its inception was -38.55%, smaller than the maximum TIREX drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for MGLIX and TIREX. For additional features, visit the drawdowns tool.
Volatility
MGLIX vs. TIREX - Volatility Comparison
The current volatility for MFS Global Real Estate Fund (MGLIX) is 4.16%, while TIAA-CREF Real Estate Securities Fund Institutional Class (TIREX) has a volatility of 5.24%. This indicates that MGLIX 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.