MRESX vs. MXREX

Last updated Jun 25, 2026

MRESX (Cromwell CenterSquare Real Estate Fund) and MXREX (Great-West Real Estate Index Fund) are both REIT funds. Over the past 5 years, MRESX returned 6.63%/yr vs 4.79%/yr for MXREX. Their correlation of 0.93 suggests significant overlap in exposure. MRESX charges 1.02%/yr vs 0.70%/yr for MXREX.

Performance

MRESX vs. MXREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cromwell CenterSquare Real Estate Fund (MRESX) and Great-West Real Estate Index Fund (MXREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MRESX having a 16.57% return and MXREX slightly higher at 17.02%.

MRESX

• 1D: 1.31%
• 1M: 1.55%
• YTD: 16.57%
• 6M: 16.20%
• 1Y: 13.83%
• 3Y*: 12.74%
• 5Y*: 6.63%
• 10Y*: —

MXREX

• 1D: 1.27%
• 1M: 1.92%
• YTD: 17.02%
• 6M: 16.49%
• 1Y: 19.44%
• 3Y*: 13.63%
• 5Y*: 4.79%
• 10Y*: 4.34%

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

MRESX vs. MXREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRESX Cromwell CenterSquare Real Estate Fund	16.57%	0.87%	7.09%	11.77%	-24.59%	57.10%	-2.46%	28.85%	-5.41%	2.66%
MXREX Great-West Real Estate Index Fund	17.02%	3.16%	7.47%	13.31%	-26.44%	45.80%	-12.52%	22.41%	-4.92%	0.05%

Correlation

The correlation between MRESX and MXREX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017	0.93

The correlation between MRESX and MXREX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

MRESX vs. MXREX — Risk / Return Rank

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

MRESX

MRESX Risk / Return Rank: 24
MRESX Sharpe Ratio Rank: 20
MRESX Sortino Ratio Rank: 18
MRESX Omega Ratio Rank: 19
MRESX Calmar Ratio Rank: 34
MRESX Martin Ratio Rank: 28

MXREX

MXREX Risk / Return Rank: 38
MXREX Sharpe Ratio Rank: 32
MXREX Sortino Ratio Rank: 29
MXREX Omega Ratio Rank: 30
MXREX Calmar Ratio Rank: 54
MXREX Martin Ratio Rank: 45

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.

MRESX vs. MXREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cromwell CenterSquare Real Estate Fund (MRESX) and Great-West Real Estate Index Fund (MXREX). 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.

	MRESX	MXREX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.45	-0.37
Sortino ratio: Return per unit of downside risk	1.51	1.99	-0.47
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.96	2.62	-0.66
Martin ratio: Return relative to average drawdown	5.66	8.66	-3.00

MRESX vs. MXREX - Sharpe Ratio Comparison

The current MRESX Sharpe Ratio is 1.08, which is comparable to the MXREX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of MRESX and MXREX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRESX vs. MXREX - Drawdown Comparison

The maximum MRESX drawdown since its inception was -40.84%, smaller than the maximum MXREX drawdown of -43.89%. Use the drawdown chart below to compare losses from any high point for MRESX and MXREX.

Drawdown Indicators

	MRESX	MXREX	Difference
Max Drawdown Largest peak-to-trough decline	-40.84%	-43.89%	+3.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-7.73%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-17.29%	-18.79%	+1.50%
Max Drawdown (5Y) Largest decline over 5 years	-32.98%	-33.06%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.89%	—
Current Drawdown Current decline from peak	-0.38%	-0.07%	-0.31%
Average Drawdown Average peak-to-trough decline	-9.47%	-11.59%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.31%	+0.34%

Volatility

MRESX vs. MXREX - Volatility Comparison

Cromwell CenterSquare Real Estate Fund (MRESX) and Great-West Real Estate Index Fund (MXREX) have volatilities of 5.31% and 5.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRESX	MXREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	5.43%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	10.26%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	13.96%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	19.37%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	21.97%	+0.06%

MRESX vs. MXREX - Expense Ratio Comparison

MRESX has a 1.02% expense ratio, which is higher than MXREX's 0.70% expense ratio.

Dividends

MRESX vs. MXREX - Dividend Comparison

MRESX's dividend yield for the trailing twelve months is around 1.38%, less than MXREX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRESX Cromwell CenterSquare Real Estate Fund	1.38%	1.49%	2.40%	2.01%	6.49%	14.54%	2.19%	10.71%	3.24%	10.34%
MXREX Great-West Real Estate Index Fund	1.77%	2.07%	6.74%	1.85%	4.69%	1.93%	1.60%	4.51%	4.10%	3.36%

Frequently Asked Questions

Can I hold both MRESX and MXREX in my portfolio?

MRESX and MXREX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRESX or MXREX?

MXREX has higher volatility (5.43%) compared to MRESX (5.31%). In terms of maximum drawdown, MRESX dropped -40.84% vs MXREX's -43.89%.

Which has better risk-adjusted returns?

MXREX currently has the higher Sharpe Ratio (1.45 vs 1.08), 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.