MRESX vs. GRIFX
Compare and contrast key facts about Cromwell CenterSquare Real Estate Fund (MRESX) and Apollo Diversified Real Estate Fund Class I (GRIFX).
MRESX is managed by AMG. It was launched on Dec 31, 1997. GRIFX is an actively managed fund by Apollo. It was launched on Jun 30, 2014.
Performance
MRESX vs. GRIFX - Performance Comparison
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MRESX vs. GRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRESX Cromwell CenterSquare Real Estate Fund | 4.03% | 0.87% | 7.09% | 11.77% | -24.59% | 57.10% | -2.46% | 28.85% | -5.41% | 2.66% |
GRIFX Apollo Diversified Real Estate Fund Class I | 1.73% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 5.74% |
Returns By Period
In the year-to-date period, MRESX achieves a 4.03% return, which is significantly higher than GRIFX's 1.73% return.
MRESX
- 1D
- 1.47%
- 1M
- -6.24%
- YTD
- 4.03%
- 6M
- 2.09%
- 1Y
- 2.82%
- 3Y*
- 7.27%
- 5Y*
- 6.38%
- 10Y*
- —
GRIFX
- 1D
- 0.24%
- 1M
- -1.27%
- YTD
- 1.73%
- 6M
- 1.39%
- 1Y
- 2.95%
- 3Y*
- 1.50%
- 5Y*
- 3.73%
- 10Y*
- 4.46%
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MRESX vs. GRIFX - Expense Ratio Comparison
MRESX has a 1.02% expense ratio, which is lower than GRIFX's 2.23% expense ratio.
Return for Risk
MRESX vs. GRIFX — Risk / Return Rank
MRESX
GRIFX
MRESX vs. GRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cromwell CenterSquare Real Estate Fund (MRESX) and Apollo Diversified Real Estate Fund Class I (GRIFX). 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.
| MRESX | GRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.19 | 0.65 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.40 | 0.94 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.13 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.85 | -0.68 |
Martin ratioReturn relative to average drawdown | 0.54 | 3.72 | -3.17 |
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
| MRESX | GRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.65 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.67 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.01 | -0.70 |
Correlation
The correlation between MRESX and GRIFX 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.
Dividends
MRESX vs. GRIFX - Dividend Comparison
MRESX's dividend yield for the trailing twelve months is around 1.54%, less than GRIFX's 5.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRESX Cromwell CenterSquare Real Estate Fund | 1.54% | 1.49% | 2.40% | 2.01% | 6.49% | 14.54% | 2.19% | 10.71% | 3.24% | 10.34% | 0.00% | 0.00% |
GRIFX Apollo Diversified Real Estate Fund Class I | 5.28% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Drawdowns
MRESX vs. GRIFX - Drawdown Comparison
The maximum MRESX drawdown since its inception was -40.84%, which is greater than GRIFX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for MRESX and GRIFX.
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Drawdown Indicators
| MRESX | GRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.84% | -14.29% | -26.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -3.61% | -8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.98% | -14.29% | -18.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -6.24% | -4.02% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -3.38% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 0.83% | +3.78% |
Volatility
MRESX vs. GRIFX - Volatility Comparison
Cromwell CenterSquare Real Estate Fund (MRESX) has a higher volatility of 4.53% compared to Apollo Diversified Real Estate Fund Class I (GRIFX) at 0.88%. This indicates that MRESX's price experiences larger fluctuations and is considered to be riskier than GRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRESX | GRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 0.88% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 2.48% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.69% | 4.58% | +14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 5.56% | +15.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 4.62% | +17.54% |